If you’re going to go full-time as a musician, you’ll require some other source of music industry income. Part of the reality of being a working musician today is the need to diversify your revenue streams. The more you can diversify your income, the more lucrative your musical endeavors will be. With record sales in decline, you will need to approach your sources of potential revenue streams with an open mind. But, if you have a good business sense, making money as a musician isn’t actually that hard. A little creative ideas can get you started.
1. Sell Your Music
Digital distribution is a must; you need to be readily accessible through all media platforms, or find a friendly aggregator that places your music all over the net for you or you may choose to set this up yourself.Selling music at shows is also important. You can sell CD-Rs, make sure they are reasonably priced to sell at all your gigs, or online. If you’re pressing physical copies, check out your local record shops to get them in on consignment. You can easily duplicate your CDs without spending much, including printing and a plastic-wrapped case, so most of