1. YouTube Revenue
YouTube partnership allows you to monetise videos on your YouTube channel. You receive a revenue share for ads appearing on videos on your channel. This can generate thousands of pounds each month.
2. Music sales
It is easier than ever to sell and stream music across digital platforms using websites like tunecore.co.uk
Charging a fee to feature on other artist’s music is a great way to make money. You will be paid to feature on a track and will also be entitled to copyright royalties for your written contribution. Under no circumstances should you consider selling your publishing rights which entitles you to royalty payments for life plus 70 years.
Registering with collection agencies like PRS enables you to receive royalty payments for music airplay. Being a member of a collection agency means you will receive quaterly income for your music being synced, played on radio, and played in licensed venues.
5. Personal Appearances
Live bookings can generate huge fees for performances or even just for showing up. You can handle enquiries directly or via a booking agent. Make sure you secure a deposit and include a rider to ensure you have everything you need when you arrive at the venue.
Many established artists arrange their own shows alongside other popular acts. In this instance you are the promoter and stand to make a profit or loss depending on how well you market the event.
Selling music on physical formats along with merchandise at shows is a great way to generate income. Merchandise can also be sold online as a steady stream of income. Make sure designs, colours, and styles are on trend and relevant to your audience.
8. Social media
Having a substantial social media following attracts brands and third parties who will be willing to pay you to promote their products and events. This can mean thousands of pounds for posting a single photo.
Brand partnerships are slightly different to paid promo. A partnership might mean you becoming a brand ambassador and being the face of a brand over a long period for a much bigger pay cheque.
When selling your music or merchandise it’s always a great idea to make presales available. This can generate income in advance, and in the case of music help you to chart higher.
Crowdfunding is a great way to allow fans to become your business partners. Funds can be raised by incentivising donations in return for an advanced, discounted, or exclusive offer. This allows you to raise much needed funds towards a project fans can feel part of. Make it easy for yourself to fulfill rewards to avoid this becoming an additional job. Keep it fun.
First published on thelinkup.com
Deb McKoy is the Founder and Consultant at Peppergrain Ltd, London, UK. She began her career as a recording artist, achieving success in the UK national charts before going on to help businesses and individuals maximise their brand.