5 Ideas to Generate Income by Making Music With No Audience
If you want to generate income by making music, you should know that it is more possible today than ever.
With the rise of the internet, many alternative methods of generating income appeared that didn’t exist 50 years ago.
I mean, 50 years ago, the only way to make money from music was by being a famous artist, right?
This article is especially for those who make music and don’t have an audience as a base. If you have an audience (or you want to), you should check out this other article.
5 Ideas to Generate Income by Making Music
1. Sell stock music in libraries
The first method to generate income by making music is selling stock music in libraries.
Stock music is highly sought after by documentary makers, filmmakers, YouTubers, and any other area where background music is needed.
This is why many people need and pay for stock music.
This is where you come in since you can produce stock music and sell it in a marketplace.
The two largest stock music marketplaces are Audiojungle and Pond5.
It’s perfect for making money from music without having an audience, as customers will find you through the marketplace.
To sell on these sites, you have to produce quality music and make good productions.
What are the most sought-after styles of music?
Generally, the best-selling music on these sites are:
- Cinematics
- Thriller
- Environmental
- Electronic
- Motivational
How does it work?
After publishing your songs, they will be listed in the marketplace. Customers can purchase a license to your song to use in their project. The license price varies according to the client’s use; the most expensive is for movies.
For one song, you can sell an unlimited number of licenses. So the potential is high.
2. Offer music-related services on freelance platforms
If you are reading this article, then surely you are good in some field of music.
It can be production, composition, mastering, mixing, remixing, skill for an instrument, etc.
There are different ways to offer services in the modern era based on what you know.
One of the most common ways is through a freelance platform.
What are the main freelance platforms?
There are platforms where you can find any type of service, such as Fiverr.
On Fiverr, you can find people who do remixes, others who make custom birthday songs, session musicians, mixing and mastering services, and basically, anything related to music.
You can look in the “Music and Audio” section of Fiverr to see all the related services you can offer and thus get more ideas.
There are also more specialized websites for music and production services, such as the LANDR Network.
3. Explain what you know
If you also know (and like) explain what you know in addition to being good in a particular field, you also have another potential business.
How?
There are many ways to explain what you know best; some of them are:
- Create a YouTube channel of your specific niche: If you are good with cameras, you can create a specific channel of the niche you know the most and generate related content. The methods to generate income with YouTube are known: advertising Google Adsense in videos and affiliating with sellers of products/services related to your niche.
- Selling courses in marketplaces: Selling courses online is one of the most profitable things in these times. You can create a course of what you know best and sell it on platforms like Udemy.
- The classic: Being a teacher or creating a music academy. But you already knew this.
4. Send your music to music libraries
Creating music for libraries is not the same as selling stock music (point 1).
We have previously reviewed that you can publish stock music on a marketplace and sell unlimited licenses to customers.
Instead, music libraries basically take care of everything. You just send the music, and they generate the contracts.
This is done through synchronization licenses that allow adding your music to other people’s videos. It can be movies, advertisements, documentaries, YouTube videos, etc.
Some require exclusive contracts with them and others do not. So, make sure you read the conditions well.
Some known libraries are:
Musicbed
PremiumBeat
Shutterstock
The great advantage of these libraries is that they already have an audience of clients. So it can be much faster to generate income than doing it individually.
5. Selling samples
Another idea to generate income by making music is selling samples.
If you are good at making samples, then you can sell them too.
Many producers and musicians also need samples to create their songs.
Without an audience, you can publish your samples on a sample marketplace, such as Sonoiz.
Thank you