The music industry has been going through some epic changes over the last decade. And the main culprit has been the internet.
Today, fans can get access to whatever music they want for a few dollars or even for free.
And this has left musicians wondering how to make money off of the music they make.
There are a couple of things you can do on Youtube to build an income stream.
They will only work if you are already consistently uploading videos and building an audience. Once that is going well, you can do the following:
Switch your channel to a money-making machine
Do a quick set-up and once that is done, Youtube will get ads to be shown against your videos. And you get part of the revenue. As simple as that.
Content ID Fingerprinting
Get your music added to a database. This will let Youtube catch anyone or any video using your music so that you can get a share of the revenue.
Get on VEVO
To increase your audience, consider getting on VEVO. You double your visibility and get to be promoted by VEVO to more viewers. They pay better than Youtube too.
Place banner ads on your videos to sell your stuff….it could be merchandise or concert tickets. And it pretty much costs ‘nothing’
Companies like Cuesongs and Audiosocket are actively looking for songs to license and let YouTubers use at low rates. It gives you some revenue and a larger audience. You can’t say no to that!
Links, links, links
Be sure to add links on your video descriptions to stuff you are selling on other websites. Nice way to add to your revenue huh?
This is an interesting model that gets fans to pledge amounts for rewards that way guaranteeing payment for each video you put up regardless of how many views you get.