If you are recording, performing or perhaps, writing music on a regular basis, then it is probable that you have a preferred platform to share your works. There are literally countless of listening options offered both to creators and listeners these days from Spotify, Deezer, Tidal, Amazon, Apple Music, iTunes and more.
As you start your preparation on your next release, regardless if it is a full album or an EP, you may be wondering, how you can bring your music onto these platforms. And if you have gotten that far, you are thinking as well how you would be able to generate profits from your works online.
Free platforms similar to Bandcamp, Soundcloud and YouTube only needs sign-up and at times, you need to create your personal account as well as upload your audio files. Needless to say, there are benefits to this and among the most attractive advantages are the access to fans and pricing. Bandcamp for example allows you to set pricing and sell releases straight from your page. But how about other digital music stores as well as streaming platforms where fans may subscribe?
If for example that you are not entirely familiar with streaming, this simply means that listeners can play and listen to your music by accessing a digital library without having to download files. Music streaming evolved from the time it was introduced. It’s likely to continue this trend as people’s music consumption is changing.
Revenue for streaming comes in form of ads revenue that is generated by the platform or it may come as a form of subscription that’s generated by the platform. There are some streaming platforms that is substituting revenue for ads which means, the fans can take advantage of the subscription for free. However, they are going to hear ads every now and then while listening. This is otherwise called as Freemium service.
On the other hand, the first type of digital music in which fans can purchase are downloaded files. This is still available up to this point and it helps to pay artists. Every store that is selling digital downloads has their own payout rate to the artists. At times, some clients are downloading music to use as background for their archerypower or whatever they deem it fits.