Without the backing of a major record label, any single stream is unlikely to generate enough income for you to earn a living.īut operating together, a number of (mostly) automated revenue streams can help you mitigate risk and focus on making music, rather than selling it. In the early stages of your music career, it’s crucial to have multiple revenue streams. Collaborate with brands and other musicians.Earn streaming royalties through digital distribution.Wondering what that entails? You’ve come to the right place. By setting up diversified, automated revenue streams, musicians in 2020 are able to reduce the risk and take a chance on their dream career. Making money from music isn’t easy, but it’s not impossible. So how do you reduce that risk? Or even eliminate it altogether? Check our guide on how to make money online to get started. For a lot of musicians, the siren song of a profitable music career just isn’t worth the risk. Whether it’s your full-time job or a lucrative side-gig, selling music is a creative way to make money doing something you love.īut what if the money’s not there? Selling your music doesn’t come with any guarantees. If you love making music, it’s one of the most fulfilling ways to earn a living.
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