Finding ways to monetize your music is not as exciting as writing your next big hit or spending time in the studio. But it’s an essential part of what you do and will help generate enough revenue to fuel your passion if done right.
Knowing where to start and how to monetize your content can be difficult. We came up with ten monetization ideas to help you get started.
1. Run fundraisers to fund your next album
Recording a new single or album can be costly. You have to factor in recording and editing time for each song, plus paying the studio where all of this is happening. While this can add up quickly, you’re not alone. There’s one group of people that will be willing to contribute to help fund your latest album: your fans!
2. Sell personalized video greetings to your fans
Want to know the secret to creating special moments with your fans? Offer personalized video services! Make them exclusive by limiting yourself to an hour of messages with 5-minutes per block available for your fans to book. Your fans will be over the moon to receive a personalized message from you — and all for a small fee.
3. Unlockable behind-the-scenes footage, demos, and recording sessions
As a musician, you likely record several music videos to showcase on social media. If you have extra footage, you could repurpose it to create unlockable content for your fans. You could offer packages like…
- The extended fan cut (twice as long version as what you post on social media)
- Demo and recording sessions
- Concert recordings
- Exclusive recording of your latest single
- Behind-the-scenes looks of you and your band
There’s so much you can do with this. Be creative and find an angle that works best for you!
4. Showcase and sell your merch
If your audience loves your music, they’ll be willing to purchase merchandise related to your band or latest album. You could sell T-shirts, mugs, or anything that lets your audience connect with your music.
Setting up a storefront to sell your merchandise is easy. You could build your storefront on Shopify and integrate it into your link in bio, importing all your products for fans to purchase.
5. Host a listening party for your new album
Want to excite your fans with your latest album and recoup some of the costs at the same time? Consider hosting a listening party for your audience! You can set dates before your album officially releases to the public and set a price for your audience to unlock your music. They’ll be able to listen to your album in its entirety one time.
6. Set up a Q&A session for your loyal listeners
One of the best ways to engage with your loyal listeners is to give them a dedicated space where they can ask you all their questions about your music and band. If you get too many questions to answer, you can turn your forum into a VIP question booth and charge for each question.
7. Sell your beats, stems, sound effects, plugins, and other digital files
Love creating music? Create personalized beats for your fans or take requests! You can add the Sell Digital Files app for your link in bio and have your fans request a video from you. Let them know that you’re willing to send back beats of their favorite songs in exchange for a small fee.
8. Give your fans access to live concert audio and other unreleased recordings
As a musician, you’ve likely recorded live concert audio at one point in time or another. Consider selling it to your fans along with any unreleased recordings for a small fee! It’s a win-win situation as you’ll make money off of your recordings that have sat idle and your fans will gain access to exclusive content.
9. Sell your music services to fans
Monetize your music by offering your services to your fans right from your link in bio! The Sell A Service app lets you list your services (think music recordings, song requests, etc.) and set individual pricing for each one that you add. Chat with your followers through the app and deliver their requests within seven days.
10. Give personalized, real-time industry or music production advice to your fans
A big reason why your audience follows you is for your content and music. Your music may inspire them to follow in your footsteps and create music of their own.
So why not offer them what they need most to get started: premium, personalized advice. That could come in the form of written guidance or on-demand video advice. You could charge a small fee depending on the personalized advice that you’re giving to your fans.
As a creator, your options for monetizing your music and link in bio are limitless. Consider testing a few of these ideas to see what works best for you and your fans. We can’t wait to see how you take your content to the next level!