Best 5 Ways To Make Money As A Music Producer

How to Make Money as a Music Producer

Posted 4 years ago by Max Komonov

For some people, music is桂a桂hobby. For others, it�셲 a桂way of桂life. And for桂a桂third group, a桂passion for桂music means opportunities to桂turn a桂pastime into a桂full-blown career, or桂at桂least a桂lucrative side hustle.

One of桂the桂most lucrative ways to桂do桂this is桂to桂go桂into music production. Of桂course, we桂all know the桂big names in桂production, from Rick Rubin to桂Dr. Dre. But you don�셳 have to桂achieve that level of桂success to桂have a桂career in桂production.

What differentiates an桂up-and-coming music producer from the桂top guns in桂the桂industry is桂their ability to桂sell their skills. In桂other words, the桂ability to桂commercialize every aspect of桂their expertise separates the桂successful music producer from the桂amateur. It桂also boils down to桂how well-versed they are with the桂potential available to桂them by桂looking to桂an桂ecommerce solution as桂a桂way to桂monetize.

The world has moved beyond the桂brick-and-mortar days of桂selling one�셲 skills. It�셲 moved beyond the桂four walls of桂a桂music studio. If桂you aren�셳 online, you probably aren�셳 getting your name out there in桂the桂way you should be. In桂this article, we�셪l take a桂look at桂ways through which a桂producer can monetize his skills.

21st Century Music Production

As桂a桂music producer in桂the桂modern world, it�셲 important to桂know where to桂look in桂terms of桂utilizing your skills and/or talent to桂make money. The world has grown past the桂era when some manager was there at桂hand to桂help you kick-start your career. Nowadays, your destiny lies in桂your own hands, 껸꾈삣桂it�셲 a桂good idea to桂work towards a桂goal of桂setting yourself up桂to桂make money in桂music production, as桂well as桂just having a桂good time.

Besides, with the桂competitive nature of桂the桂music scene, your poise or桂talent alone might not deliver. You have to桂prepare to桂leverage new technologies to桂propel your career ahead 껸꾈삣桂find monetary success along the桂way.

The Journey of桂Music Production as桂a桂Career

People have gone down many different paths in桂the桂past to桂see which works for桂them as桂far as桂music production is桂concerned. The quest to桂find the桂혫right혬 or桂most profitable way is桂understandable, especially given the桂fiercely competitive nature of桂the桂crowded field of桂music production.

However, there are different ways to桂successfully monetize music production skills, 껸꾈삣桂no桂one size fits all solution. You cannot understate the桂importance of桂soft skills including charisma, personal charm, 껸꾈삣桂others like networking.桂 But the桂majority of桂the桂skills you will need to桂thrive are reliant on桂how versed you are with technology.

How To桂Make Money as桂a桂Music Producer

Streaming royalties 껸꾈삣桂music sales

The first 껸꾈삣桂most evident way to桂make money from music production is桂through streaming royalties 껸꾈삣桂music sales. What does this mean? Just that: streaming royalties. You have to桂be桂a桂top artist or桂produce an桂intriguing style to桂make sales, but streaming royalties are a桂vastly profitable option. It桂is桂especially ideal for桂musicians or桂artists who want to桂make a桂career in桂music.

All you have to桂do桂as桂the桂producer is: make a桂song 껸꾈삣桂get paid for桂the桂song. Meanwhile, you have to桂bear in桂mind that certain styles are favorably in桂line with streaming. For instance, heavier music is桂considered a桂core part of桂the桂club scene, but it桂does not sell well on桂 껸꾈삣桂.

On桂the桂other hand, pop-friendly styles/genres do桂well on桂streaming sites. To桂get started with this, make sure you produce music that attracts listeners. You will have a桂strong artist project that has a桂decent following 껸꾈삣桂can stream your music. Then, check streaming sites like Spotify to桂find out what they can offer. In桂addition, you can increase the桂exposure for桂your music by桂connecting with a桂label.

That way, you can be桂assured of桂numerous connections to桂place your music on桂streaming sites. Another option under this category is桂to桂consider revenue splits. That is, there will be桂a桂splitting of桂the桂streaming royalties on桂any桂song you release on桂a桂label among managers, yourself, 껸꾈삣桂collaborators. Revenue splitting is桂one of桂the桂ways to桂make the桂most from streaming royalties.

Use YouTube

Again, this seems like an桂obvious one. But surprisingly, many producers overlook the桂YouTube option, especially when they are about to桂start their music production business. Admittedly, there are some subtle elements of桂snobbery attached to桂this, which is桂why people often dismiss it. That is, many do桂not consider YouTube as桂a桂music platform for桂artistic expression due to桂its association with viral content 껸꾈삣桂influencers hawking products.

Nevertheless, YouTube offers some great advantages. The potential audience for桂a桂YouTube video is桂낼껸끅끅쓩국깎�봪껸곶껨깎곶 than you�셱e likely to桂reach with a桂dedicated music streaming platform. Thus, those supposedly casual music listeners could be桂your largest audience. Besides, apart from the桂high audience figures attributed to桂YouTube, there are other advantages of桂using the桂medium.

As桂an桂extremely democratized space, no桂혫gatekeepers혬 will screen or桂limit your content. Besides, you are not obliged to桂convince any桂editor or桂publisher of桂how excellent your music is. All you have to桂do桂is桂post your music 껸꾈삣桂leave the桂audience to桂make the桂ultimate decision. Consequently, this has birthed a桂revolutionized music production world, as桂many more amateur 껸꾈삣桂independent music producers have begun to桂throw their hats in桂the桂ring.

Not only that, the桂medium has a桂low barrier to桂entry, 껸꾈삣桂this is桂why it桂is桂a桂great tool to桂consider 껸꾈삣桂incorporate into your music production business. It桂may not entirely be桂an桂incredible option for桂making quick bucks, but you can make large cheques in桂a桂few years by桂staying dedicated to桂the桂creation of桂suitable content.

Synchronization

Otherwise called the桂library, synchronization means negotiating with a桂broadcaster to桂have a桂deal to桂use your music. Such broadcasters will use your music in桂their network TV桂advert, computer games, internet adverts, music in桂shopping malls, or桂Hollywood blockbusters.

It桂is桂similar to桂streaming, 껸꾈삣桂the桂entire value of桂synchronization is桂dependent on桂the桂audience size. A桂bigger audience means better deals. Just like we桂have in桂the桂musical landscape these days, the桂conventional methods of桂securing a桂sync deal are being modernized to桂accept new players to桂participate. In桂the桂past, a桂library used to桂be桂managed by桂record labels in-house. They got musicians directly, but the桂process is桂now available to桂independent artists. In桂addition, you do桂not have to桂be桂a桂virtuoso musician or桂music composer to桂make it桂with music production.

Take your services online

An桂independent music producer can make good money by桂selling his skills 껸꾈삣桂services. These include composing, recording, editing, mastering, 껸꾈삣桂mixing, among others. There are a桂plethora of桂ad桂creators, artists, 껸꾈삣桂musicians who need help with production-related things, recording, audio editing, 껸꾈삣桂a桂host of桂other things.

By桂taking your gig online, you will be桂able to桂meet the桂needs of桂people with the桂needs. A桂good example of桂what you can do桂is桂to桂register with an桂online freelance platform such as桂Upwork, Fiverr, or桂SoundBette. Then, let them know the桂services you offer through social media. You are highly likely to桂meet one or桂more persons who want your skill. You can also include a桂section of桂the桂services you offer 껸꾈삣桂your contact in桂a桂section on桂your website.

Grow your brand

Going by桂the桂happenings in桂our daily lives, particularly with the桂wonders of桂social media, large corporations have begun co-opting social media stars 껸꾈삣桂influencers to桂promote their brand. Put in桂perspective of桂music production, one of桂the桂best ways to桂be桂recognized 껸꾈삣桂for桂people to桂do桂business with you is桂to桂maintain a桂strong brand.

Invest heavily in桂your image so桂that people can use your services. That way you can also produce for桂other artists, irrespective of桂how accessible music production has become. There is桂no桂denying the桂fact that many artists out there need someone to桂produce their music. It桂could be桂you- but you have to桂have some competitive advantage.

Conclusion

Whether you want to桂make extra money on桂the桂side or桂take music production on桂as桂a桂full-time career, there are infinite ways to桂make money from the桂music biz. It桂has also become a桂lot easier than it桂was twenty years ago to桂make money from music production, due to桂advancements in桂technology, 껸꾈삣桂the桂ability to桂take your business to桂the桂internet.

There are a桂number of桂ways to桂make it桂in桂this business, some of桂which are tested 껸꾈삣桂proven reliable, 껸꾈삣桂others that are just emerging. Nevertheless, any桂way you go桂about it桂can potentially help to桂generate a桂tremendous amount of桂if桂applied correctly, 껸꾈삣桂approached with perseverance. You can also maximize your opportunities for桂growth 껸꾈삣桂traction by桂taking your music production business to桂a桂reputable ecommerce platform like 붚죕쳔.

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About The Author

Max has been working in the ecommerce industry for the last six years helping brands to establish and level-up content marketing and SEO. Despite that, he has experience with entrepreneurship. He is a fiction writer in his free time.

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