The best thing about distributing your music is getting it heard. But there are other ways people can discover your music, too. Here are four additional music monetization opportunities to help you increase your revenue.
Music distribution services are a critical link between you (or your label) and the many music streaming and download platforms (also known as DSPs) where people can discover your music. When searching for a reliable partner to distribute your music, there are some crucial considerations to keep in mind.
First is the number of digital platforms each distribution service will upload your music to. There are now hundreds of online platforms where people can download and stream music globally, and if you want to be heard, it makes sense to have your music on all of them.
Five Reasons To Choose Songtradr’s Music Distribution Service
Next might be the cost, including the percentage of your royalties each distributor might retain. You might also want to consider how easy it is to read your royalty statements, how often you will be paid, and whether there are any additional add-ons such as free ISRC & UPC codes or extra costs associated with each release. Paying a yearly subscription is typically more cost-effective than paying every time you release new music.
Lastly, you should look beyond distribution to see if there are additional ways to make money with your music. Having your songs available on streaming services like Spotify and Apple Music is great, but they shouldn’t be the only destinations where people can discover your music.
Here, we will look at some additional music monetization opportunities you may have overlooked and explain how you can take advantage right now.
How to Make Money With Your Music on Songtradr
TikTok for Business
Most music distributors advertise the ability to upload your music to TikTok. This is important because TikTok has a proven track record of turning underground artists into mainstream superstars. However, when it comes to maximizing your music’s earning potential on TikTok, there is some additional information to consider.
Music distribution services typically make your music available for use in user-generated content, but there are different rules for businesses and brands (including influencers monetizing their content). To include music in commercial content, brands must select from a separate pool of songs made available through blanket license agreements. Songtradr is Certified TikTok Sound Partner and supplies brands with music for commercial use on TikTok.
Business Overhead Radio
An individual Spotify, Apple Music, Tidal, or similar streaming subscription is for personal, non-commercial use only. This means that businesses like restaurants, gyms, hotels, shops, and even airlines, must obtain a music license to play music legally. Not doing so can result in a fine. Data suggests that these establishments are great places to get your music discovered. Many people search for music they hear playing in the background using the Shazam app, which now conducts more than one billion song matches per year.
To get your music played in restaurants, gyms, hotels, shops, and other commercial businesses, log in to your Songtradr account and opt-in your music.
Apps, Games, and other Online Platforms
While it is unknown exactly how many apps utilize music, the number is significant enough to warrant your attention. As of March 2022, the Apple App Store has more than one million gaming apps, plus an additional 3.79 million non-gaming apps. Google Play has an equal number of apps in its store. Music distribution platforms often provide blanket licenses to makers of video games and apps like Impresso and Funimate, which supply music for small businesses and brands to use in their digital content. You can opt-in your music for use in apps, games, and other online platforms via Songtradr’s monetization portal.
Network TV
Not all the music you hear on TV is provided through a needle-drop or one-off music license. It simply isn’t feasible or efficient to license music this way. Instead, television networks purchase large quantities of music to build in-house music libraries. When a news segment or weather update needs music to accompany it, the producer can then go straight to that pre-cleared and already licensed catalog to find what they need. Like the other opportunities listed above, you will receive compensation through a blanket license deal.
How to opt-in for music monetization opportunities on Songtradr.
Want to distribute your music, retain your rights and expand your global presence? Songtradr provides you with the tools to license, distribute, and monetize your music on one easy-to-use platform.
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The post A Guide to Music Monetization Opportunities For Artists On Songtradr appeared first on The Songtradr Blog.