💰Audio Rewards for Creators

Is Music production profitable for everyone?

This question is quite relative, it depends on the perspective you see Music Production and connections you are bounded. This field is quite big it encompasses several areas, that's to say you might be a single song writer that wants to apply music production just to write music as much as you can and attempt to stream them as much as you can by means of technology and with an investment of your time and some 30 or 40 dollars with distributors for them to make the alive and therefore get some royalties from reproductions.

But how you ever thought about how many reproduction you need in order to get some money?, for instance Spotify pays about 0.0032 euro cents each stream reproduction (x in the equation), that's to say we:

y=0.0032x-(the cost-value of your work).

It means 62500 reproductions (200/0.0032) to earn just 200 € (when y=0). The only way to earn such a sort of reproductions is being already famous. Otherwise we have to realize that we are creating music just for fun or for healing through art.

Although most of Musicians make money by means of “Live Concerts”, the pandemic is not helping to artist in this case. Nowadays with technology is easy to connect fans, but it needs time and more money to advertise music in social networks. Some decades earlier the music business was focused mostly on selling “CD's” or even earlier “Cassettes” or “LP” as well as “Live concerts” and “Royalties”; however these days since technology have changed the use of these elements to digital information, musicians are bounded to release their creative production through the music platforms.

But do not discourage yourself, because Music Production have many more areas and possibilities how to make money, one of them is if you have a professional Music Production Studio is working with song writers, music composers and other artists as a Music Producer for them, and perhaps collaborating with them with lyrics, effects and other ideas. Remember that neither “Globalism” nor “Individualism” are not able to survive alone, but by means of “Systemism” because we live in a system and we are dependent to one another, in other words it's impossible to live without the help of other collaborators even-though the latter is connected by a video recording made in the other side of the world, or though a tutorial, a podcast, etc. As a last resort it was made by real people!.

As for Free Royalties with Music Libraries, if you are beginner you should know that Music Libraries have result in the long run. Despite there are a lot of Music Libraries that have thousands of artist collaborators who offer their services for $30, $60, or perhaps $200 dollars for allowing clients to use your music, is not too easy for if a Music Library have 80000 collaborators and each collaborator has about 60 songs, so we are talking about 80000*60=4800000 songs, and if have created only 100 songs, so your possibility of being selected is 100/4800000=0.00002 probability to be selected keeping in mind that the quality and need for the song is average for all artist music producers.

As you see Making money with Music Production as a free lance is not so easy, but it might be more possible for instance connecting friends who have already been working in that field for some years and have collected a lot of experience.

And if you made up to continue with this area of Music production beside the obstacles and challenges of the journey, you perhaps want to try new ways by means of blockchain technology, so I want to introduce NFT (Non Fungible Token) to you!. This technology allow us to offer our digital art to several platforms online such as audius.co, opensea.io, and so on. 

 

Attempting to earn money with Free Royalty

Because time tend to devaluates Music Production, several ideas came up from the mind of entrepreneurs to make Song Writers, Composers, and Producers s work more profitable, in so doing the term "Free Royalty" emerged to compensate the effort of these artists.

The term means to grant rights for the free use.  At times Artists give the right to third parties for any kind of use, but other times only one paid will be determined to grant consumers the rights for free use.

The market of Music is quite big around the world with multiple platforms where a song can be uploaded easily and negotiate with third parties establishing the rights that are going to be given to a third party.

 

Joining Music Libraries for Free Royalty

Both music producers as video content creators easily are able to buy songs with Free Royalties deals, for instance, Ponde5.com is an online platform that offer Free Royalties to consumers or third parties. The minimum price of song is set up around 15 US Dollars and the community is active sharing offerings, skills constantly among artists, producers and consumers of footage, scyfi effects, After effects, photography, videos and of course songs and audio products.

 

Another online platform, but perhaps more demanding and challenging for artists is audiojungle, because being accepted is not too easy, especially for beginners who are starting to familiarize with the standards and above all the genres, tendencies, and needs of the market. For instance, is not the same for beginners to produce hard rock, blues or glam music instead of corporate music because the latter is obvious that is more commercialized and main stream these days in the market, although this Statement might be quite relative in the unlimited possibilities of the art world.

 

We can mention some other Free Royalty music at audionetwork.com, soundstripe.com, wizzy-sounds.com, audiomicro.com, melodyloops.com, etc.Whichever be the deal, artists, music writers or composers will have to affiliate with PROS (Performance Right Organizations), entities that collect fees from broadcaster and music venues such as:  

• BMI
• ASCAP
• SESAC