It is the dream of every music artiste to live out their dream through executing music projects. For starters, the days of their beginning may be tough as they have to source for funds for their music project. Even the top and popular musicians once struggled for music funding to promote their music career.
The fact that most musicians are having a hard time sourcing for funds for their music career does not mean there is no way they can get it. There are ways you can raise money for your music project. Let us find out below.
Set a Target
Know what exactly you want to achieve by setting a target. Setting a goal gives you clear guidance on how to achieve the goal itself. Whether you are planning to take a tour or releasing an album, create a map of how much money you need and how to get it. You are likely not to get the funds for your music project if you do not have a clear-cut map on how to get them and where to channel them.
For upcoming and established musicians, crowdfunding is one of the easiest ways to raise money for their music project. With the help of people or their fans on social media, they can raise money anywhere in the world. Luckily, there are fundraising sites where they can request financial support from the public. Such sites include PledgeMusic, SellABand, GoFundMe, Kickstarter, and more. On these sites, they are expected to reveal the music project to the people to enable them to relate to why they should lend their support. What is more amazing about this process is that you will not rack up any debt.
Set Up a Music Blog
Starting a music blog is a recourse you can take to generate revenues for your music career survival. This should be considered especially if you have a passion for writing about the music industry. There is information about the music sphere that you will disclose to your targeted audience. In return, you are likely to make more than $1,000 extra weekly or monthly from your blog. This may be little but it should go a long way in helping you fund your music project.
Make Music Videos
Do you know that you can make music videos and profit off them? How is this possible? Thanks to YouTube and other video streaming sites, you can record music videos and upload them to these sites. To be able to draw an audience and build a base of loyal followers you have to make the videos that are of high quality and creative. Doing this will help you establish influence and authority, which magnets advertisements, sponsorships, and affiliate marketing.
Take on Music Teaching
Many people out there are looking for who to teach them arts of music. Be it singing, playing the piano, they are ready to part with their money for good music teaching. If you love teaching, you can pass on some music knowledge and make money from the act.
You can do it from the comfort of your music studio or home by dishing out the music lesson online. The lessons are taught through video or video calling. There are also websites where online lessons are taught. You can sign up, start tutoring private students and make extra money.
Sell Your Royalties
If you are earning royalties from your previously released songs, you can sell them to gain funds for your upcoming project. The royalties streaming in from previous musical works may not be enough to put you through executing the upcoming project, hence, the need to auction it. Royal Exchange is a good marketplace to auction your royalties. Upon auctioning your royalties, you are giving up your copyright to the buyer, which allows them to collect all future royalties.
Your email is a cost-effective and effective way to reach your fans if you want to gather music funding for your music project. If you want them to attend your new concert, watch your new music video, or buy an album, you can do it by emailing them.
For example, if you are short of cash to promote your music album, you can record one song and email it to your fans. Let them know you have other works in the pipeline but you will need money to complete them. If they find the song you sent them appealing and your engagement rate is impressive, they will help you pool the funds in no time.
Take on a Side Hustle
Last but not the least, have a job on the side. Picking up a side hustle is a great way to make extra money for your music funding. You can engage many hustles to generate more revenue to support your music project. They range from driving for Uber, taking up gigs on sites like Craigslist, or working as a freelancer. Just ensure that these side hustles will allow you time to focus on other areas in making your music project a reality. They have to be rewarding as well.
There you have it! These are the tips you can employ to pool the funds you need for your music project. Feel free to try any of the time. Executing a music project can be hard especially when you do not have enough funds for it. These tips will definitely help you out. Fast Artist Funding offers an amazing way to get money fast for your music career. Reach out to us today to get started.