Passive Income Ideas For Musicians

Just like writing and recording music filming a music video is easy.

Passive income ideas for musicians. If you re a part time musician think of how great it would be to have passive income on top of your day job salary. Patreon is disruptive to the conventional model of the music industry because it provides musicians with predictable and sustainable income without the need for record labels. Nowadays it seems like this is the cool thing. These are often small or moderate amounts.

On many exchange sites you can pay a large set amount that is 10x 20x or 30x the amount of royalties at once and you get those royalties in return. If you re a musician you can generate passive income licensing your music for commercial use. The passive income musician podcast is the show where you will learn how to stop trading your time for money and build a business around teaching music online. A music video is one of those techniques.

It takes a lot of time and effort to develop a blog yes. You can sell royalty free music and sound effects on sites like hooksounds and bensound. You could invest that extra money back into your music career. While you can create each track once and sell it indefinitely you ll have to keep creating new music to generate repeat customers.

Passive income works through leveraging your talent and influence and scaling so that your community grows but not your overall. Of all of these passive income ideas blogging is not passive in the beginning. Using proven promotional and marketing techniques to get people to buy your music. It takes a lot of time and effort to develop a blog yes.

The first passive income idea on this list does take some start up cash but it absolutely helps me earn more than 1 000 per month. Dividend paying stocks and other investments. And eventually it could lead to you being a full time musician. But the act of filming the video and getting people to watch it are two very.

So an artist making 100 a month in residual income might sell their passive income to a work for 2 000. Passive income ideas play an important role in life design. If you ve read rich dad poor dad you ll no doubt have come across the idea that your passive income should cover your expenses. Consistent revenue in the music industry is hard to come by already.

But we often find ourselves maxed out with how much income we can make from teaching students or even strapped for cash in general. Getting people to watch it is hard. 21 passive income ideas for a freedom lifestyle. As musicians and music teachers there is nothing we d rather do than make a living doing what we love.

If you love creating content and you appreciate your fans then taking advantage of a membership based model such as patreon is one of the best ways to generate passive income in music even if you only have a small following.