57 ways to earn money in the music industry.

Summary

This video script explores various ways to monetize music production skills, from creating audio examples for plugin companies and translating tutorials to mastering music and selling sample packs. It also delves into the potential of Patreon, affiliate marketing, and even consulting for audio companies, offering a comprehensive guide for those looking to turn their musical talents into a profitable venture.

Takeaways

• 🎧 Creating high-quality audio examples for plugin companies can be a lucrative service, as developers may lack songwriting skills or trend awareness.
• 🌐 Translating tutorials and documentation is crucial for those proficient in multiple languages, especially in the technical music production field.
• 🔍 Identifying and correcting audio issues in podcasts or other media can be a paid service, with a demonstration of improvements as proof of capability.
• 💰 Royalties from music sales and streams on platforms like Spotify can be significant, with examples given of earnings from millions of streams.
• 📚 Becoming a music curator on platforms like Spotify can be a source of income, though it's noted that charging for playlist features may violate terms of service.
• 🎤 For those with good recording setups and skills, voiceover work on platforms like Fiverr or Upwork can be a viable option.
• 🎵 Mastery in finding and repackaging public domain audio can lead to creating and selling unique audio products without copyright issues.
• 🎬 Making music for platforms that license royalty-free music, such as PremiumBeat, can be a consistent source of income for composers.
• 🔗 Affiliate marketing through links can generate income from sales on platforms like Amazon or digital marketplaces like Splice.
• 🎥 Video monetization through YouTube ads can be a source of income, though self-arranged sponsorships tend to be more profitable.
• 📚 Writing better user manuals for plugins and selling them to developers can be a valuable service, especially when documentation is lacking.

Q & A

What is the primary purpose of creating better audio examples for plug-in companies?

The primary purpose is to help plug-in companies sell their products, as better audio examples can demonstrate the capabilities of their plug-ins and attract customers.

Why might plug-in developers struggle with creating good audio examples?

Plug-in developers might not be the best songwriters and may not be up-to-date with the latest trendy sub-genres, which can affect the quality and appeal of their audio examples.

What is the advantage of translating tutorials and help documentation if you speak multiple languages?

Translating tutorials and help documentation allows you to reach a wider audience and cater to non-English speakers, enhancing the accessibility and usefulness of the content.

How can you prove your ability to fix audio processing mistakes in podcasts?

You can prove your ability by sending a corrected audio file to the podcast creators, demonstrating both the problem and your solution.

What does the script suggest about the potential earnings from royalties on platforms like Spotify?

The script suggests that significant earnings can be made from royalties, with an example given that three million streams can equal about two thousand dollars after distributor cuts.

Why is becoming an influential music curator on Spotify not recommended in the script?

Becoming an influential music curator on Spotify to charge for playlist features is not recommended because it violates Spotify's terms and conditions.

What is the potential downside of relying on YouTube ad revenue compared to arranging your own sponsorships?

Relying on YouTube ad revenue can be less profitable, as it pays about 10 to 100 times less than arranging your own sponsorships or partnerships.

What is the role of an affiliate income in the context of the script?

An affiliate income involves earning a percentage of a sale when someone purchases a product using your affiliate link, as seen with Amazon and other digital marketplaces.

What does the script suggest about the importance of creating high-quality sample packs and tutorial courses?

The script suggests that creating high-quality sample packs and tutorial courses can be significant income streams, especially if the market is saturated, as it requires producing work that stands out.

How can one leverage their knowledge of royalty-free sample platforms to benefit YouTubers and filmmakers?

One can help YouTubers and filmmakers by finding and recommending music from sample pack worlds that they may not be aware of, potentially even offering basic looping, arranging, mixing, and mastering services.

What is the potential benefit of ghost producing for big artists?

Ghost producing for big artists can provide exposure and leverage their audience without the need for a significant marketing machine, potentially leading to a collaborative release.

What is the potential for creating custom music for vloggers and YouTubers?

Creating custom music for vloggers and YouTubers can be lucrative, as they often seek unique music that sets them apart from others and are willing to pay for high-quality, tailored content.

What does the script suggest about the potential income from selling generative sample packs?

The script suggests that selling generative sample packs, created by applying different audio effects to a collection of sounds, can be a quick and profitable endeavor.

What is the script's stance on the idea of suing for copyright infringement?

The script presents the idea of suing for copyright infringement as a controversial and flawed approach, mentioning it as a stunt to highlight issues in copyright law.

What is the potential income from Patreon for creators?

Patreon can be a significant income stream for creators, as it allows them to receive donations and sell products with added value, supported by a community that appreciates their creative endeavors.

What opportunities does the script suggest for those with a deep understanding of the music industry?

The script suggests opportunities such as consulting for big multinational companies, venture capital due diligence, and working in music startups, leveraging expertise to provide valuable insights and services.

What is the potential for selling non-fungible tokens (NFTs) in the music industry?

The script implies that while NFTs can be sold for imaginary things, creators might consider selling actual products or services to fans or asking for donations instead.