There are many strategies from which you can earn money from live streaming

  • Music Libraries : Music library simply contains music-related materials like musical scores or audio recordings. These are only available for licensed and private use. These are made for ad agencies, videographers, indie filmmakers, Youtubers and other businesses with a license. There are many music related strategies to earn money.

  1. The payment methods are made through royalties with the PRS.

  2. If you are good at writing music, then don’t stop yourself and write something for the music library.

  3. Some famous music libraries are Airbit, Jamendo Music, Marmoset, and Artlist.
  • Crowdfunding : Crowdfunding means small donations from many people. It turns your followers and community into a sustainable form of funding for your projects.  

  1. It allows you to ask for some mandatory support from your audience.

  2. Look for a huge amount from one individual source.

  3. Various types of Crowdfunding are GoFundMe, Kickstarter, Indiegogo, ArtistShare.

  • Membership Subscription Services : A membership subscription is different from crowdfunding a little bit. In this service, your fans or audience subscribe and become subscribers.

  1. This service allows subscribers to receive exclusive content like artwork, photographs and videos, from their favorite artist.

  2. If we talk about both crowdfunding and subscription services, then your choice to use is based around what you exactly are trying to fund for.

  3. Example of a membership subscription service is Patreon.

  • Sponsorships and Brand Partner : It is the marketing strategy that utilizes multiple brand names, on a good or service as a part of strategic compact. Some common brands or companies you might partner with a musician include :
  1. Clothing lines 
  2. Social Media Apps 
  3. Grooming Product Lines
  4. Musical Instrument Manufacturers

  • Physical Music Sales : If we talk about today’s industry, salaries are certainly less important than before in the form of physical music sales. For example – CDs, vinyl and cassettes.

  1. CDs can be a good way to go. They are easy to produce, easy to buy, and can sell them other merch items.

  2. Vinyl has a huge cultural recovery. It continues to surpass the revenues year on year.

  3. You can sell CDs and Vinyl at shows, even on your website or any other online store. 

    As there are lots of other ways also to earn money at home. You can visit our website or get in touch with Top Earn Online for more information.