How to Make Money As a Musician Online

Is there something you’ve been dreaming of? Just because you’ve spent most of your life in pursuit of something doesn’t mean it’s not within your reach. Thanks to the internet, there are now ways for you to make money from home as a musician – like you’ve never made before. 

No matter what stage you’re at in your career, there’s always room for improvement. Thanks to the internet and the various tools that can be accessed online, you can now establish yourself as an expert in your field and earn a sustainable living from the comfort of your home. For those of you that consider yourself to be a musician, this can mean the difference between struggling and thriving as an artist.

Here’s how.

The Growth Potential Of Online Musicianship

The internet has always been the great equalizer. No matter what field you’re in, whether you’re a musician, an actor, a writer, or a photographer, you’ve always had the opportunity to connect with audiences all over the world. This is especially beneficial for those of you who consider yourselves to be a musician, as you have the ability to connect with fans and followers that may never have discovered your music had they not known of your existence.

Due to the increasing popularity of podcasts, YouTube channels, and Instagram stories, the growth potential of musicianship online is only going to continue to increase. In fact, according to HubSpot Blogs data, more than half of their survey respondents said they currently earn money online – through various means, including some type of affiliate marketing, podcasting, and blogging. (1)

The Growth Of Online Musicianship: 2019 Update

Let’s take a look at the present situation of online musicianship and how it compares to the previous year. According to the 2019 Musician Affiliate Marketing Survey from Mad Hippie, a software company that specializes in creating tools for musicians, entrepreneurs, and small businesses, 66% of respondents currently make money online – either directly from selling and advertising products (22%) or through affiliate marketing (44%). (2)

The growth in the number of musicians making money online is particularly exciting, seeing as how musicianship is traditionally considered an “old-school” way of earning a living. However, as more and more people turn to online income sources, the path to financial security for musicians may be paved with a computer and some entrepreneurial spirit.

Before we begin, it’s important to note that not all types of financial support available online are created equal. It’s always best to look for sources of funding that complement your creative vision rather than taking up the majority of your budget. For example, if you’re a photographer looking to make money from photography, it’s best to look for online marketing sources that don’t require you to purchase expensive photographic equipment – such as a DSLR camera. (3)

How To Make Money As A Musician Online

Now that you have an idea of how important earning a living as a musician is, let’s dive into how to make money as a musician online. There are four basic steps you need to take in order to begin your journey to financial freedom as a musician.

The first step is to establish yourself as an expert in your field. The best way to do this is by gaining experience by serving as a consultant or expert for other companies. By doing this, you can show how knowledgeable you are in your industry and gain the trust of potential employers.

Next, you need to establish your website. This is pretty much a necessity these days. Even if you’ve had your own website up and running for a while, it’s time to update your site with a new look and content – something that will make it stand out from the competition. Also, make sure that your website is mobile-friendly, as more and more people are turning to the internet on their phones.

The third step is to get yourself ranked. This could be on search engines like Google or social media platforms like Twitter. The better your rank, the more potential customers you’re going to attract. Getting your name out there is a great way to build your audience and gain credibility as an expert in your field. (4)

The last step is to create an online store. This could be something as simple as a Google shopping cart or a dedicated online store registered with a payment processor like Stripe or Shopify. Establishing an online store is a great way to collect payments from customers who want to purchase your music – including digital goods and merchandising.)

Alternative Income Streams

If you’re looking to create a steady stream of income, it may be worth considering alternative income streams. These are ways to make money online that don’t necessarily require you to be a professional musician. Some of the more common ones include creating and selling audio recordings, doing digital marketing for businesses, and becoming a social media influencer.

If you have a specific skill – like copywriting, graphic design, or video editing – you can use your talent to provide value to other businesses.

As a musician, one of the most valuable resources you have is time. Time is valuable, especially when you’re trying to expand your business. However, you can never have too much time on your side – especially when you’re making money online. The more you put in, the more you’ll get back. Thanks to the internet and the various tools available online, there are now countless ways to make money as a musician. Once you get the hang of it, you’ll be able to create multiple income streams to provide for your livelihood.