Unfortunately, record sales are no longer the primary means for a musicians to make money these days - but that doesn't mean you can't still be making money as a musician! This is an article from Steve Knopper at Rolling Stone magazine that gives musicians alternative ideas for make money. Here's just a few, but check out the original article to see some others!
1. Merchandise: Great if your fans are the teeny-bopper type who have their parents paying for everything, or the classic rockers like Iron Maiden whose brand never really goes out of style. And there's so many options nowadays for items to throw your logo onto, so why not give it a shot!
2. Movie and TV Licensing: CDs and publishing royalties may not be paying out, but licensing for things like movies, commericials, and TV shows can help you out of if you can land it! Rumor has it Green Day made hundreds of thousands licensing their song "99 Revolutions" to the new movie The Campaign with Will Ferrell and Zack Galifianakis.
3. Perfume/Fashion: It's all the rage! A hit for some big name singers like Beyonce, Jessica Simpson or Jennifer Lopez, though not always a great way to go. As Adam Levine of Maroon 5 stated (before his cologne release) ""I know there's a stigma attached to it, a stigma that I fully understand because I, too, hate the idea of a celebrity fragrance, absolutely, 100 per cent. [But] I kind of thought to myself, 'Well, I'm interested in fashion and there's a lot of things about it that could be really cool if done properly.'"
4. Kickstarter: Kickstarter is a great site where people will help fund your projects, but the downside is if you don't already have a large fanbase, it's going to be a lot harder to raise the money.
5. YouTube: It's estimated videos can make up to $1,500 per 1 million hits on YouTube. Music duo Karmin racked up a good amount of money by making viral pop song covers that grossed over 178 Millions views. It earned them enough money to sign with a major record label and start selling their music for real.
Some more reasonable than others, but still worth it to check some of them out!
Click Here for the original article
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