3 Ways You Can Make Money Through Streaming Your Music

By June 16, 2020Blog

If you’re looking for ways to get your music heard and make money through streaming, then this article will show you how.

We’ll be walking you through several ways you can start monetizing your craft, and we’ll show you a few tips to effectively market each initiative so that you’re getting the most out of your work.

1. Stream your music at a live event

Streaming your music doesn’t limit you to just broadcasting on the digital realm. You can easily participate in any type of event that requires music in your area, providing entertainment while also exposing your music to brand new markets.

Think of it much like working as a DJ, except that you’ll be playing your own songs for the most part. However, it might be a good idea to mix it up so that try to toss in a few tracks from other talented artists. Just make sure to choose music that’s in line with the style of event you’ll be working.

By playing your music this way, you gain exposure and build connections within the industry. It might not sound like a lucrative approach, but it can be the first step that leads to your success as an artist.

2. Create an artist profile on streaming services

This is the route that many artists take, and there are many possible platforms available that offer you plenty of freedom to choose. Platforms such as SoundCloud and Spotify are just a couple examples, offering you real ways to reach audiences while also getting paid.

The trick here is to promote whatever profiles you’ve created in as many ways as you can. Create social media pages, your own website, a newsletter, or go for more traditional approaches such as guesting on a radio show.

Remember: these platforms pay you based on the number of plays that your music generates, so do what you can to ensure people know about your music in the first place.

Keep an eye out for blockchain-powered streaming sites

It was only a matter of time before the blockchain business model entered the music industry. Emanate is one example, and it seems to be pioneering this new direction that might just be key for many budding artists today.

The platform promises to deliver quicker payments to musicians as well as add more transparency to online music streaming. Whether or not that will be the reality, we can only wait and see.

Having said that, it’s been a clear pattern that the people who make the most money from blockchain models are the early adopters. Keep your eyes and ears peeled for further updates so that you can hit the ground running once everything’s been panned out.

Conclusion

The bottom line is that you have to get creative when trying to make money through streaming. Make sure to build your network, exhaust every resource to promote your brand, and keep your fingers on the pulse of the music industry.

It’s hard work to be a successful musician, but hey, if you love it, it’s all worth it.

Looking for ways to promote your art and send your music to record labels? DropTrack connects you with some of the biggest names in the business. Ask us how!