There are several ways to make money with music. Some of the most common ways include touring, selling merchandise, licensing your music for television, movies, or video games, and partnerships or side businesses. Streaming is also a source of income, but it is not as lucrative as other revenue streams. If you work with a record label, you may pay a share of your money to others involved, such as managers, agents, promoters, PR teams, and sound engineers. Musicians who are independent may pay a portion of their earnings to their band members or other people they hire.
If you're a music producer, there are several ways you can make money by licensing your music. One way is to register your songs with a Performance Rights Organisation (PRO) of your choice and then make them publicly available. Another way is to sell your samples royalty-free.
If you know how to play an instrument or you can sing, you can probably teach others. You can create a website or blog to showcase and even sell your music. You can also advertise your music on social media platforms like Facebook and Instagram. Starting a YouTube channel is another way to make money from music.
There are also apps and platforms available for finding other musicians to collaborate with. You can also make money by listening to music. There are several websites that pay people for listening to music.