Part of the reality of being a musician during a pandemic is the need to diversify your revenue streams or even find new ones. The more you can broaden your income, the more lucrative your endeavors will be. With record sales now in decline, you will need to approach your potential revenue stream sources with an open mind.
So how can you make money as a musician, primarily if a record label does not support you? Selling music online and merchandise are two go-to options for most solo acts and bands. Here are a few more ways you can make money and a name for yourself as a musician — all while social distancing.
Create a Website
A blog or a website is an excellent way to showcase your music and sell your CDs. It is a fantastic idea to have a website that features some examples of your music and performances, as well as recommendations from former or current clients.
Sell Merchandise
Band merchandise is a big business — more so if you're a musician or a band that has a loyal following. Make t-shirts, badges, buttons, stickers, and other merch and sell them on your website or various online shops. Merchandise can give your income a little boost.On the business side of things, you should consider formally starting a business as your sales increase and grow your following. A business will generate the income you need to stay afloat when performing is not possible.
Set Up a YouTube Channel
YouTube is a platform that continues to prove its success, making it a feasible option. The platform allows musicians to make money each time viewers play their content. The great thing about using YouTube is that it's free — you don't need connections in the industry and you can try until you succeed. So get a camera, record yourself, and benefit from YouTube's advertising program to make some extra cash.
Try Online Streaming
Because online streaming has become a trend in the music sector, it should be evident that your tracks need to be streamed. Whenever your creations are played on streaming websites, they pay royalties. Even though per-stream payouts seem smaller than other options, they can add up with time. These services also help potential fans discover your music.
Use Your Talents to Earn Extra Cash
Depending on how much time you have available, you could teach music to people. Many musicians teach a particular instrument, theory, or a combination of both to inspire promising new stars and generate revenue. Even with social distancing, you can sign-up to be a music teacher since most lessons are held online.You can also create lessons online and teach people how to play instruments or popular songs. Share them on your website, on your YouTube platform, and on streaming services to attract views. You can also create courses that you can sell to those interested in learning music. These options can be an excellent way to supplement your income while allowing you to practice your craft simultaneously. Instead of teaching, you could use your knowledge of music to mix and master other artists’ tunes. You can offer mixing and mastering services through online job platforms where potential employers can review your experience and rates before hiring you for a freelance job.
Take Control Over Your Career
Musicians can control what happens in their careers, even with social distancing rules. Thanks to the Internet, musicians can still practice their craft, do what they love, and make money in the process.
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