14 Ways Musicians Can Make Money From Live Shows
As the music industry changes it's important for artists to be able to diversify their revenue streams. Here we look at several different ways, beyond just ticket sales and merch, that modern artists can profit off of their live music.
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In this 14 point guide on MusicThinkTank, Joy Ike suggests several different ways that artists can use their live performances to earn a little extra money, from busking to live albums to sponsorships.
"You know the adage, “Don’t put all your eggs in one basket“. Musicians just can’t afford to do that anymore. There are just so many baskets and each one has its benefits. Some baskets will be more important to you, and some will be more important during specific times in your career.
Think of the below list as a bunch of baskets related to making money from your live performance, and determine which ones you want to use. Some of these will be no-brainers, but they’re still on the list as a reminder."
Musicians have made over $325,000 in bookings and $40,000 in tips since GigTown launched a year ago. Free for artists and venues. http://blog.gigtown.com/moremoney