How To Make Money By Selling Your Music Online
The digital age has transformed the music industry, creating a myriad of ways for musicians to sell their music online. Gone are the days when artists had to rely solely on record labels to get their music to the masses. Today, independent artists have the power to release and monetize their music directly through various online platforms, reaching audiences around the world and keeping a larger share of their profits. If you're a musician looking to earn money from your art, here’s a comprehensive guide to selling your music online.
1. Choose a Digital Distribution Platform
One of the first steps to selling your music online is choosing a digital distribution platform. These platforms will distribute your music across major streaming services and online stores like Spotify, Apple Music, Amazon Music, and more. Popular options include:
- DistroKid: Known for its low annual fee and unlimited uploads.
- TuneCore: Charges per album or single upload but allows for greater control over release schedules.
- CD Baby: Offers distribution as well as promotional and marketing tools.
- AWAL: Suitable for more established artists as it’s curated and requires approval.
- Amuse: Offers a free distribution option, but the paid tier comes with more features.
These platforms help get your music on global streaming services, enabling fans to discover and purchase your music. Each platform has different pricing models, so choose one that aligns with your goals and budget.
Tips:
- Compare fees and royalty structures before choosing a platform.
- Read about each platform's additional features, such as marketing support, playlist pitching, and licensing.
2. Sell Your Music on Your Website
Having your own website is crucial if you want full control over your brand and sales. By selling music directly on your website, you cut out middlemen, keep 100% of your sales, and have the opportunity to build a closer connection with your fans.
To sell your music from your website:
- Use e-commerce tools like Bandcamp, Shopify, or Squarespace that support digital downloads.
- Create an attractive and user-friendly layout to make it easy for fans to navigate and purchase.
- Consider selling exclusive content, such as limited editions, unreleased tracks, or bundled merchandise, to make your website a one-stop shop for fans.
Tips:
- Keep your website updated with new releases, tour dates, and merchandise.
- Use SEO techniques to make your website discoverable on search engines.
- Encourage visitors to join a mailing list to keep them informed about new music and special offers.
3. Leverage Streaming Platforms
While streaming platforms may not offer the highest payout per stream, they’re invaluable for exposure. The more people discover your music on streaming services, the more likely they are to support you through other revenue channels.
To maximize your earnings from streaming:
- Actively promote your presence on platforms like Spotify, Apple Music, and YouTube Music.
- Pitch your music to playlist curators to reach a larger audience. Many independent playlist curators on Spotify are open to submissions from emerging artists.
- Create music videos, lyric videos, and live sessions for YouTube. Monetizing your YouTube channel can provide a steady source of income, especially as your fanbase grows.
Tips:
- Set up a pre-save campaign for upcoming releases to boost your visibility.
- Engage with fans on social media to encourage streams and shares.
- Regularly release new music to maintain momentum and interest on streaming platforms.
4. Sell Music through Bandcamp
Bandcamp is an artist-friendly platform that allows musicians to sell digital downloads, vinyl records, CDs, and even merchandise. Unlike other platforms, Bandcamp has a “pay-what-you-want” feature, enabling fans to support you with more than just the listed price.
With Bandcamp:
- You can customize your Bandcamp page to reflect your brand and music style.
- Fans have the option to pay extra if they want to support you.
- Bandcamp holds “Bandcamp Fridays” on the first Friday of each month, where the platform waives its revenue share, allowing artists to keep 100% of the sales.
Tips:
- Use Bandcamp’s tools to offer limited editions or special releases for higher engagement.
- Engage with fans on Bandcamp by sending thank-you messages and exclusive content.
5. License Your Music for Films, TV, and Ads
Music licensing is one of the most lucrative ways to earn money online. By licensing your music, you can earn money whenever your tracks are used in films, commercials, video games, or YouTube videos. Licensing can also open doors to new fanbases who discover your music through these mediums.
To get started with music licensing:
- Join a platform like Songtradr, Pond5, or AudioJungle where filmmakers and content creators look for music.
- Register with a Performance Rights Organization (PRO) like ASCAP, BMI, or PRS to collect royalties when your music is played publicly.
- Submit your music to music libraries or directly to film and ad agencies.
Tips:
- Compose instrumental versions of your songs, as lyrics are often less desirable for background music.
- Create a metadata sheet with detailed information about your tracks (mood, genre, tempo) to make your music more discoverable.
6. Crowdfunding and Fan Membership Platforms
Platforms like Patreon and Ko-fi allow musicians to earn money by offering exclusive content to fans who subscribe or make monthly contributions. Many artists use these platforms to offer behind-the-scenes content, exclusive tracks, early access to releases, or personalized messages.
Crowdfunding platforms like Kickstarter and Indiegogo can also help fund specific projects, such as a new album or music video.
Tips:
- Offer meaningful rewards, such as private live-stream concerts or personal shout-outs, to keep fans engaged.
- Keep a consistent schedule for releasing exclusive content.
- Be transparent with fans about how their support helps your music journey.
7. Monetize on YouTube
Creating and uploading videos on YouTube allows you to monetize your music through ad revenue. As your subscriber base and view counts grow, so will your income from ads, especially if you have a popular music video or tutorial series.
To monetize your YouTube music:
- Enable monetization by joining the YouTube Partner Program once you meet the eligibility requirements.
- Use YouTube to share not only music videos but also live performances, Q&A sessions, and tutorials.
- Promote your YouTube channel on other social media platforms to increase views and subscribers.
Tips:
- Engage with your audience by responding to comments and creating interactive content.
- Collaborate with other artists or YouTubers to expand your reach.
- Release regular content to keep your audience coming back.
8. Offer Personalized Music Services on Fiverr or SoundBetter
Platforms like Fiverr and SoundBetter allow musicians to offer their talents for hire. From creating jingles to writing songs, mixing, mastering, and voice-over work, you can monetize various skills through these platforms. If you have experience in production, arrangement, or composition, this can be a steady income stream.
Tips:
- Craft a detailed profile that showcases your skills and past work.
- Offer a few service packages to appeal to a broader range of clients.
- Provide quality work to build a positive reputation and gain repeat clients.
9. Sell Sheet Music and MIDI Files
If you’re musically literate, selling sheet music or MIDI files can be another income stream. Many musicians are interested in purchasing sheet music for popular songs or instrumental arrangements, especially if it’s challenging to find elsewhere. Websites like Musicnotes, Sheet Music Plus, and Flat.io allow you to sell digital sheet music.
Tips:
- Create accurate and high-quality sheet music that appeals to a broad audience.
- Include a mix of popular covers and original compositions to attract different buyers.
- Use social media to promote your sheet music to aspiring musicians and students.
10. Run Virtual Concerts and Online Merch Stores
Virtual concerts became popular during the pandemic and remain a great way to earn money while engaging with fans worldwide. Platforms like Stageit and Facebook Live offer monetization options for virtual concerts. Additionally, you can sell branded merchandise like T-shirts, posters, and vinyl records to fans through websites like Teespring or your own online store.
Tips:
- Promote your virtual concert in advance to attract a larger audience.
- Offer exclusive merchandise or concert “after-party” access to increase sales.
- Keep your store updated with fresh merchandise designs to maintain fan interest.
Conclusion
Selling your music online has never been easier, but success requires a blend of creativity, strategy, and persistence. By leveraging multiple platforms, building a strong personal brand, and engaging consistently with your fans, you can turn your music passion into a sustainable income stream. Try these methods to start earning from your music and grow a loyal fanbase who supports you on your musical journey.