It is a global village and world businesses are rocking the incredible wave in modern globalization brought about by the internet and information and communication technology (ICT). This doesn’t exclude music and sound production. As a music artist, you can now go on online platforms and pick a few producers to make awesome beats for your tracks and albums. Producers now have big chance to make cool and passive cash too. As a producer, you can begin to make wonderful beats and instrumental, list them on online platforms and get the right buyers for them. Doing this however is not a function of how professional you are as a producer alone. You need the right sets of strategies and positive selection of platforms to become successful in the venture. Therefore, we have decided to help you with a few tips on how to monetize your beats and instrumentals in this age of digital marketing.
Create a personal music website
Ecommerce is a reigning business transaction model in our new world. Your music production is a business venture that needs the digital exposure in this form too. Therefore, if you are very good at creating music and tweaking midi control, one of the ways to make monetize the craft is to start your own beat selling website. Begin by hiring a webmaster based on your budget. Once you have done this, find realistic ways to promote the website. This can be done by hiring the right professionals too. One of your marketing tricks could be offering free beats to buyers but reserving the best ones for sale. In all honesty, you cannot expect your beats and instrumentals to sell overnight. So, try as much to persevere as you begin making money from your beats.
Trade beat licenses
The beats you make can be licensed to buyers under three categories. These are leases, exclusives and sync licenses. With a lease license, you can sell your beats to different buyers in as much as nobody has purchased an exclusive rights to it. With lease licenses, there are limited amounts of rights buyers possess on your beats. Once this access runs out, buyers have to buy another lease for the same beat. However, when buyers purchase exclusive rights to your beat, you have no rights to them anymore and none of your clients can also use them. Beats in this category are usually used for albums. Beats can also be licensed as sync. In this case, beats are targeted for music in films, adverts and TV commercials. You can get a digital code for your music with sync license especially to receive royalties.
Produce and sell reigning instrumentals
Most producers make mistakes of making beats and instrumental artists are not using or the outdated ones. They then complain of lack of sales on online platforms. This is absolutely wrong. You have to make and sell exactly what artists are buying. Just do your research and find out what is hot in music production. Create more in the region and you will be surprised that some artists are willing to pay really awesomely for your crafts.
Collaborate with other producers
Team work enhance creativity. Together everyone achieves more. Building a team of beat makers around you can only be beneficial. You can boast of a catalogue of fresh beats and loads of styles using this method. All producers in the team can feed off the creativity of one another. Agreement in teams about earning might however be based on percentages. Selling other producer’s beats can also increase your marketing shares greatly.
Music can sometimes be very funny because you cannot predict what people want to listen to and what artists want to work with. In fact, as a producer, some of the beats you make will sell less than others and some can remain completely unsold. The solution here is to bundle the beats into mistakes, placing sync licenses on them. This way you can sell them in discounted prices and distribute them to appropriate digital distributors. Your hard work will never go to a waste this way.
Place you tracks on internet radios
Since conventional radios will not collect only beats but full songs from an individual producer and artist, getting your songs to internet radios like Pandora and Spotify might be the breakthrough you need. Here, millions of people browse the track and can listen to them. These platforms are good for you because they share their profits among members based on the amount of time your tracks are played. If your beat can just become popular, it could be a soft way to wealth.
Get your tracks on music libraries
This strategy has become popular recently because there are a wide variety of online music libraries. These platforms offer non-exclusive sub-publishing agreement, which means that the platforms could make money with your beats and share profits with you in a range between 50 and 75 percent. However, you have to ensure that you read and understand their terms before working with them to avoid eventual disputes.
It is simply a new world of golden opportunities for beat makers and producers at a time where massive money could be made on their craft from the comfort of their homes and with little or no efforts. We are convinced that you are on a smooth ride to easy wealth making and selling your beats and instrumentals if the named strategies are simultaneously explored.