How to Turn Your Musical Hobby Into a Business

Whether you have a garage band and want to get involved in the music industry, or you are a skilled musician who is thinking of monetizing their musical talent, know that there are more ways than ever now to do so. It is still a challenge, but with all the options there out there, you should be able to find ways to apply either your knowledge of music or your music itself to generate some form of income. Sometimes, all it takes is a creative outlook and the flexibility to keep your options open. Let’s take a look at how you can turn your musical hobby into a business.

Do Live Performances

One of the simplest ways for any musician to make extra money is through live performances. There are plenty of ways that you could do so. You could record some of your contents on YouTube so that people will have an idea of what your performances are like. You can then start pitching your work to live bars around your area. Another method you could employ is to see if you can perform as a backup member for a cover group or a wedding band in your area. If you are a band member, you could also decide to start a cover group or sell your services for private events.

In addition, you will also need to constantly work on your performances. The best way to do so is to find affordable studios with great equipment. You can find a rehearsal studio like Pirate that will have everything a band needs for rehearsing and recording. They have rehearsal studios all over the country and make it very easy to book time and come in. This is perfect if you want to iron out some kinks in your set, or simply if you want to have a fun jam session.

License Your Music

You could become more business-minded within the music industry by licensing your music. This would allow people to use your music for anything from commercials, videos, movies, and more. This is a great avenue for any multi-instrumentalist. It’s also a fantastic option if you’re the kind of person who can create a lot of great music on the fly.

Become a Teacher

Tons of people would love to be able to learn how to use an instrument, and there will never be a shortage of students. You could decide to become a teacher, either in person or online. Another thing you could do is create your own series. The best strategy here would be to sell it for free and allow people to distribute it for you. However, you have to make sure that you refer them to your blog and newsletter.

You can then find ways to monetize this traffic. For instance, you could set up a blog with a few tips and tricks for musicians, or even reviews of music equipment. You can then add affiliate links to products on Amazon. That is a great way to make money considering how expensive recording equipment can be. 

Sell it Online

You should also know that getting your music on streaming services is not as complicated as many might imagine. The first step is making sure that your music is professionally recorded. Once this is done, there are tons of services that will distribute your music for you. 

Sell Your Services on Fiverr

There are tons of people who are looking for the service of musicians on Fiverr. Some will need musicians to create bespoke compositions for a project they are working on. In many cases, you’ll find clients who need artists to work on a piece they’ve already recorded. Others will send you their compositions so you can perform them.

Either way, this could be an effective way to earn some extra income as a musician. Setting up an account on Fiverr is super easy, and they also make it super easy for you to receive revenue. Things may be slow at first, but if you’re active and deliver great work, your gig might start creeping up the popular gig lists. This could be what opens the floodgates and allows you to receive regular work.

These are all great ways in which you can turn your abilities and talent as a musician into a business. Make sure that you look into all of them to find a model that works best for you. Do you have any more tips on how to make your music business a success? Let us know.

Anabel Cooper

Anabel is a graduate of King’s College London and upon graduating, she set out on a journey to inspire and empower women through her words. Besides working as a digital marketing expert, Anabel is a freelance copywriter.

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