42 Ways to Make Money As An Independent Musician

November 5, 2012 at 12:38 am Leave a comment

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Source: Hypebot

While often difficult, it is never entirely impossible to make a sustainable living as a musician these days. In fact, the Future of Music Coalition assembled a list of 42 ways that musicians can potentially earn money in today’s music space – demonstrating the multitude of revenue streams that today’s working musician must keep into account when venturing off into the world as an independent musician.

SONGWRITER AND COMPOSER REVENUE

1. Publisher Advance

2. Mechanical Royalties

3. Commissions

4 Public Performance (PRO) Royalties

5. Composing Original Works for Broadcast

6. Synch Licenses

7. Sheet Music Sales

8. Ringtones Revenue

9. ASCAPLUS Awards Program

10. Publisher Settlement

 

PERFORMER AND RECORDING ARTIST REVENUE

11. Salary as Member of Orchestra or Ensemble

12. Shows/Performance Fees

13. Record Label Advance

14. Record Label Support

15. Retail Sales

16. Digital Sales

17. Sales at Shows

18. Interactive Service Payments

19. Digital Performance Royalties

20. AARC Royalties

21. Neighboring Rights Royalties

22. AFM/Secondary Markets Fund

23. AFM/Sound Recording Special Payments

24. AFTRA Contingent Scale

25. Label Settlements

 

SESSION MUSICIAN REVENUE

26. Session Musician/Sideman Fees for Studio Work

27. Session Musician/Sideman Fees for Live Work

28. AFM/AFTRA Payments

 

KNOWLEDGE OF CRAFT: TEACHING AND PRODUCING

29. Music Teacher

30. Producer

31. Honoraria or Speakers Fees

 

BRAND-RELATED REVENUE

32. Merchandise Sales

33. Fan Club

34. YouTube Partner Program

35. Ad Revenue

36. Persona Licensing

37. Product Endorsements

38. Acting

 

FAN, CORPORATE AND FOUNDATION FUNDING

39. Fan Funding

40. Sponsorship

41. Grants

 

OTHER SOURCES OF REVENUE

42 Arts Administrator

Source: The Future of Music Coalition

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PRESS RELEASE: Venzo Digital Selected by AlwaysOn as one of the OnHollywood 100 Companies to Watch Spotify To Grab $100 Million Additional Financing As Valuation Drops $1 Billion

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