Smart ways to make money as a music producer don’t have to be expensive. As a music producer, you can choose to produce music for free to get some experience under your belt and learn how to maximize your time. For example, you could produce music for a friend’s upcoming album for free. But that won’t make your work worthless. The money you make will depend on the amount of time you put into a song.
Creating your own music has a huge upside. For a fraction of a cent per stream, you can earn a decent payout from your songs. If you can get your songs to hit the major playlists, social media and YouTube videos, you can make a nice chunk of change. But digital downloads may seem a little archaic now, but that doesn’t mean you can’t earn money by offering your tracks directly to fans.
One of the smart ways to make money thro’ the music production is to pitch your services to bands and artists. For example, offer to do a free song for a client to see your skills. Another smart way to earn money as a music producer is to become a Patreon member. Patreon is a platform for musicians to ask their super fans for financial support. Some music producers like Amanda Palmer have over 14,000 fans on Patreon and make over $55,000 a month.
If you’re just starting out, smart ways to make money as a music artist or producer should be geared towards slow and sustainable growth. Rather than chasing overnight success, building a foundation of loyal fans is critical to long-term success. Spend the time to learn your audience and build an email list. Linkfire makes it simple to build an email list. And if you’re not on social media, you can create a music blog and target your niche audience.
If you’re not sure about how to make money as a music producer, consider crowdfunding. There are numerous platforms for one-time projects, such as IndieGoGo and Kickstarter. Patreon allows you to choose how much you want to receive per video, or you can sell it as a subscription service. You can even sell your own merchandise or sell merch at live events or online. In addition to these, you can try to make money by selling music.
If you are a good mixologist, you can also make money by offering your services to other music producers. Alternatively, you could also work for a label and monitor music on the radio or TV. These companies monitor music and collect money for the artists and can be a good option if your work is mostly commercial or pop. It’s important to note that while it’s a tough job, it’s also a great way to earn money as a music producer.
Aside from selling your beats and offering lessons, you can also sell your beats to independent artists. You can set a price according to the hype around your track, and you can even sell them to artists who use them as a base for their songs. Smart ways to make money as a music producer aren’t complicated if you follow the steps outlined above. And if you follow these steps, you’ll soon be able to earn a living solely through your music creation.