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If you’re a musician or composer, you probably have a basic sense of the ways you can make money. Some revenue streams are simple to understand, like playing shows, or selling CDs or t-shirts.
But there are many, many more ways that musicians can earn money from their compositions, performances, sound recordings, brand, or knowledge of the craft.
We list 44 of them below:
SONGWRITER AND COMPOSER REVENUE
1. Publisher Advance - Bulk payment to songwriter/composer as part of a publishing deal. Paid to songwriter/composer by publishing company.
2. Mechanical Royalties - Royalties generated through the licensed reproduction of recordings of your songs — either physical or digital. Paid to songwriter/composer by publisher, label, Harry Fox, or digital aggregator like CD Baby or Tunecore.
3. Commissions - Typically a request from an ensemble, presenter, orchestra or other entity for a composer to create an original work for them.
4. Public Performance (PRO) Royalties - Revenue generated when your songs are played on radio, TV, in clubs and restaurants. Paid to songwriter/composer/publisher by ASCAP/BMI/SESAC.
5. Streaming Mechanical Royalties - Revenue generated when your songs are streamed on on-demand services (Rhapsody, Spotify, Rdio). Paid to publisher by Harry Fox or other mechanical licensing agent. Publisher then pays songwriter/composer.
6. Composing Original Works for Broadcast - Typically a commercial request to compose an original jingle, soundtrack, score, or other musical work for a film, TV or cable show, or an ad agency. Paid to songwriter/composer by agency requesting the work.
7. Synch Licenses - Typically involves licensing an existing work for use in a movie, documentary, TV, video games, internet, or a commercial. Paid to songwriters/composers either via publisher or record label, or via a direct licensing deal with the licensee (movie studio, ad agency, etc) if you are self-published.
8. Sheet Music Sales -Revenue generated by the sale or licensed reproduction of songs/compositions as sheet music. Paid to songwriter/composer by publisher, or directly from purchasers if you are selling it on your website or at performances.
9. Lyric Display - Revenue generated by the licensed display of song lyrics. Online lyric sites pay publishers, which then pay songwriter/composer.
10. Ringtones Revenue - Generated from licensing your songs/compositions for use as ringtones. Paid to songwriter/composer via your publisher, your label or Harry Fox.
11. ASCAPLUS Awards Program - Awarded by ASCAP to writer members of any genre whose performances are primarily in venues outside of broadcast media.
12. Publisher Settlement - Payment from publishers to writers for litigation settlements.
PERFORMER AND RECORDING ARTIST REVENUE
13. Record Label Advance - Paid to artist as part of signing a deal.
14. Record Label Support - Money from label for recording or tour support.
15. Retail Sales - Revenue generated from selling physical music in retail stores or via mailorder. Paid to artist/performer by your label, or services like CD Baby or Bandcamp that help musicians sell physical product.
16. Digital Sales - Revenue generated from selling music digitally/online. Paid to artist/performer by your label, or digital aggregators like CD Baby or TuneCore, or directly from fans via services like Bandcamp.
17. Sales at Shows - Revenue generated from selling recordings of music at shows/live performances. Paid to artist/performer directly by fans.
18. Interactive Service Payments - Revenue generated when your music is streamed on on-demand services (Rhapsody, Spotify, Rdio). Paid to performer by your label, or digital aggregator like CD Baby or TuneCore.
19. Digital Performance Royalties - Revenue generated when your sound recordings are played on internet radio, Sirius XM, Pandora. Paid to performers by SoundExchange.
20. AARC Royalties - Collected for digital recording of your songs, foreign private copying levies, and foreign record rental royalties, distributed to US artists by AARC.
21. Neighboring Rights Royalties - Collected for the foreign performance of your recordings.
22. Film Musicians Secondary Markets Fund - Paid to performers on recordings used in film, TV and other secondary uses by the Film Musicians’ Secondary Markets Fund.
23. Sound Recording Special Payments Fund - Paid to performers for the sales of music recorded under AFM collective bargaining agreement by theSound Recording Special Payments Fund.
24. SAG-AFTRA Contingent Scale Payments - Paid to non-royalty artists when a recording hits certain sales plateaus.
25. Label Settlements Payments from labels to recording artists for litigation settlements (MP3.com, Limewire).
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PERFORMER SESSION MUSICIAN REVENUE
26. Salary as Member of Orchestra or Ensemble Income earned as a salaried member of an orchestra, band or ensemble.
27. Shows/Performance Fees - Revenue generated from playing in a live setting (for non-salaried players). Paid by concert promoter, presenter or venue to performer.
28. Session Musician/Sideman Fees for Studio Work Payments to studio musicians/freelancers/sideman for work in recording studio. Paid by label, producer or artist, depending on situation.
29. Session Musician/Sideman Fees for Live Work. Payments to studio musicians/freelancers/sideman for work in a live setting/on tour. Paid by label, producer or artist, depending on situation.
30. AFM/SAG-AFTRA Payments - Payments from the AFM/SAG-AFTRA Intellectual Property Rights Distribution Fund, which distributes recording and performance royalties to non-featured artists.
NEW BEATS THIS WEEK
Here are the new beats this week to get you started:
Dark Trap Beats Drake x Future - Goblin
Bouncy Migos Type Beat - Bricks
Timbaland/Pharrell Unique Type Beat - Snap
Alternative Rock Type Beat - MAD
Emotional Piano Ballad - Mirror
R&B Soul Beat - Fortunate
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KNOWLEDGE OF CRAFT: TEACHING AND PRODUCING
31. Music Teacher Revenue generated from teaching your musical craft.
32. Producer Payment for producing another artists’ work in the studio or in a live setting. Paid by labels, featured artists, studios, presenters, or foundations, depending on situation.
33. Honoraria or Speakers Fees - Payment for conducting a lecture, workshop or master class. Usually paid by school, conservatory, or presenting organization.
BRAND-RELATED REVENUE
34. Merchandise Sales - Revenue generated from selling branded merchandise (t-shirts, hoodies, posters, etc.). Paid to artist/performer by fans.
35. Fan Club - Money directly from fans who are subscribing to your fan club.
36. YouTube Partner Program - Shared advertising revenue, paid to partners by YouTube.
37. Ad Revenue - Miscellaneous income generated by your website properties (click-thrus, commissions on Amazon sales, etc.)
38. Persona Licensing - Payments from a brand that is licensing your name or likeness (video games, comic books, etc).
39. Product Endorsements - Payments or free goods from a brand for you endorsing or using their product.
40. Acting - Payments for appearances in TV, commercials, movies.FAN, CORPORATE AND FOUNDATION FUNDING
41. Fan Funding - Money directly from fans to support or pre-sell an upcoming recording project or tour (Kickstarter, Pledge Music, IndieGogo).
42. Sponsorship - Corporate support for a tour, or for your band/ensemble.
43. Grants - Foundation or public arts grants to support your work/project from foundations, state or federal agencies.
OTHER SOURCES OF REVENUE
44. Arts Administrator - Money paid to you specifically for managing the administrative aspects of a group that you are a member of.
- P.S. Artists, Are You Looking For Music Production?
Here is a collection of my beats you can download with leasing rights and exclusive rights. Everything is instantly downloadable after purchase too!
Hip Hop/Rap Beats: CLICK HERE
Neo Soul and R&B: CLICK HERE
Pop: CLICK HERE
Trap: Click Here
West Coast: Click Here
Rock: Click Here
Electronic Dance / Club Beats: Click Here
FREE SPLIT SHEET: Artists text the word SPLIT to 888–974–5132 to receive your FREE split sheet template!
What are split sheets? A document that records you & cowriters’ shares of a song you write & keeps track of publishing/contact info so when someone wants to cut your written song, you all get paid correctly!
Have a blessed day!
Jason Aro of KloudNineMusic
Beatstars/Sony Music Publishing Member
ASCAP Member (Songwriter/Producer)
Recording Academy Voting Member
Credits: Hulu, ABC, Gatorade, Nike+More
Email: Kloud9ine@gmail.com
Phone: 888-974-5132 (Text Me For Fast Response)
Web: www.KloudNineMusic.com