Ways to Make Money Outside of Music

If you’re a musician, then you’ll know that making money all throughout the year is not always possible through live shows or live performances. Instead, you may be required to think out of the box when it comes to earning an additional income. From New Fire Music, here are a few examples of some revenue streams that could work out potentially well if you aren’t already fully booked for the year.

 

YouTube is a great way to earn extra money

 

If you enjoy creating videos in your spare time, then YouTube could be a good option for you to earn extra money, especially if you feel like your video has the potential to go viral. You can earn revenue through a variety of ways on YouTube, with two of the most popular being user-generated content and ad revenue. With user-generated content, you get paid a percentage every time your song is used in someone else’s video. And with ad revenue, you get paid a percentage based on every 1000 views. However, ads shown on a YouTube channel must be clicked on or viewed in order for this to happen.

 

Selling merch could be the key

 

Selling merch could be the key to earning revenue while you sleep. All you’ve got to do is think creatively of how you can combine selling merchandise to compliment a special event, a new release, or something else that you are particularly proud to launch. More importantly, you should try to mix your merch up as often as possible to create hype about your product and keep up with the changing seasons and trends that occur with your own e-commerce store. 

 

Teach music lessons

 

If you have a passion for relaying your knowledge to others who wish to improve upon their musical skills, then teaching music lessons may be the answer. Furthermore, teaching has never been easier with online learning because you can teach at your own time in the comfort of your own home if you choose to. For example, you could use platforms such as Zoom or Skype to give online music lessons while getting paid for teaching your craft. 

 

Starting your own business

 

If you want to earn money that’s not related to live performances or partaking in music directly, then starting a business could be a good idea to earn a bit of passive income. Whatever you decide to do, whether it’s starting your own record label, writing lyrics for other artists, or consulting, an LLC is a good option to go with because it has many benefits, including greater flexibility, less paperwork type to deal with, limited liability and more tax advantages to help you save money in the long run. However, it’s important to note that different states have different filing regulations. If you are unsure of what these are and need assistance in this area, then a formation company can assist you here. All you have to do is search online and consult with a registered agent to help point you in the right direction. 

 

Generating awareness for your brand

 

When it comes to making extra money, your brand has to be noticeable and readily identifiable amongst your competition. Therefore, your website should be on par with the best of them. 

 

If you are looking for ways for your website to stand out, then you should create free custom logos online that are extremely memorable and which immediately stand out when viewed at a glance. You can create free custom logos online with an online logo maker that you can design according to what you envision it to be. Furthermore, you can use these logos on some of your marketing tools such as social media, YouTube, and even on your merchandise to create an impactful theme that is consistent with your brand. 

 

Making money as a musician (apart from performing) is definitely possible if you want to monetize your brand. Moreover, it doesn’t even have to be performance-based if you don’t feel like it. All you have to do is lend your skill set to other areas that could potentially pique your interest. And you might just be pleasantly surprised at the results you’re capable of producing when you’re not rocking it out with your band. 

 

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