There are many different ways to increase your money as a music creator. The most lucrative for creators consist of live shows, royalties, and sponsorships. Much has changed in the world when it comes to the way music creators can make more money. The rapid innovation in technology has bred multiple platforms you can connect directly to your loyal fans and receive money for your work. Here are 5 new ways to make money as a music creator.
Patreon is a great site for you to receive monthly income from your loyal fan base. Fans pay monthly subscriptions to you as the creator in exchange for content, merchandise, or any other packages the fan seems worthwhile in exchange for their monthly subscription. The primary exchange for this site is a subscription for content model.
Kickstarter allows you to receive funding on anything from albums, future projects, and anything you need money on for your music. Your fans are more responsive on this site if you are coming from a place of creation. That they will gain benefit from at some point. This works similar to Patreon in the sense that you are providing your fan with something in return. Like merchandise, exclusive privileges on your releases, and anything you can cook up that will entice your fans to help you out with funding.
The primary focus on this site is not necessarily to bring more money to you as a music creator, but there is a feature that allows you to receive tips from your fans. BandLab's "tip jar" feature allows you to receive small donations from your fans.
4. Social Media Sponsorships
Influencer marketing is one of the most up and coming trends in marketing. Companies will pay you to post and use their products. Given you share it with your following. You can make extra money by promoting others products, brands, and pages on your social media to your fans.
5. Youtube Teaching
Youtube can be a great tool for you to make additional money as a music creator. There are millions of people using youtube as a platform to learn new skills. You have great skills that you can teach others. Once you have traction and consistent subscribers you will be making money by teaching others your expertise.
Explore all of these ways to put more money into your bank account. There are an infinite amount of ways you can use to increase your income. You as a creative person will find new and innovative ways to do this while using these tools listed above!
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