With the dramatic shrinking of recorded music sales in recent years, one of the biggest challenges facing musicians is generating income. Music sales and touring are no longer enough. The good news is there are new sources of income available to you! Read on for tips on increasing your bottom line this year.
The new year often brings commitment to positive action for ourselves and others. This month we put an apple on our Giving Tree for a non-profit working hard to make the world a brighter, safer place for children.
FN Newsletter Editor
18 Ways Musicians Can Make Money
By Dave Cool for Band Zoogle
1. CD Sales: If you’re going to be playing live shows, having CDs on hand is still a good idea. They make great takeaway souvenirs that can easily be signed by band members.
2. Vinyl Sales: Vinyl sales surged 30% in 2013. Again, if you’ll be playing live shows, printing a small batch to have at your merch table can help generate extra income.
3. Digital Sales: You should be selling digital music through your own website to make the most money, but also through online retailers. Keep in mind that online retailers take a percentage of sales. Some digital distributors that place your music in stores like iTunes and Amazon will take a cut on top of that.
4. Streaming: Although per-stream payouts from streaming services tend to be small, they can add up over time. Keep in mind that these services also help new fans discover your music.
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The FestivalNet Giving Tree
Every child deserves to be fed, sheltered, clothed; and, to have the opportunity to grow and be safe with the people they trust. Sadly, for hundreds of thousands of children, this isn’t the case.
The Parenting Path believes positive actions create thriving homes. The non-profit provides a variety of programs to prevent and treat child abuse with 20 different services and support groups, reaching over 10,000 individuals in North Carolina.
Our fearless leader and CEO, Kurt, chose the Parenting Path to receive a portion of our gross profits this month. See all our apples up on our Giving Tree page!
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