The music industry has changed dramatically in recent years. If a few years ago the main sources of income for the music industry were live concerts, as well as income from the sale of songs and music on physical media, now music streaming services have taken their place.
It is music streaming that dominates the market today. According to experts in the field, every four out of five dollars earned in the music business is generated by music streaming platforms.
The possibility of making money on music streaming is a serious concern for many people who see themselves as figures in the music industry and want to gain maximum popularity and, accordingly, monetize their work.
There are many such ways. For example, the world’s most popular Swedish music streaming service, Spotify, is willing to help artists monetize their work. This streaming platform, which has over 450 million active monthly users worldwide, is able to quickly promote an artist and make him mega popular.
But there is one problem that repels many artists from Spotify. This streaming service actually pays tears to artists who are hoping for hefty royalties.
New music streaming platforms have taken advantage of this situation by adopting a completely different business model and paying dividends to artists who distribute their music content through these platforms.
Audiomack is one of the best and most effective streaming platforms for aspiring musicians to get fans interested in your music. How much does Audiomack pay per stream? TIDAL pays the highest fees, Napster pays $12,500 for a million streams, Audiomack pays less than $10 for 5,000 streams.
Any artist who has uploaded at least two tracks to this streaming service that, at the time of applying for monetization, has accumulated at least one thousand streams on the service, is eligible to receive royalties.
To increase payouts and optimize the process of broadcasting your content and its monetization, here are some useful tips.
- Upload your tracks to Audiomack on a regular basis.
- Gain a reputation as a proven artist.
- Do your best to attract new subscribers. In particular, social networks have become a very effective tool for this.
- Get your playlist right. To do this, make sure that the number of songs in it is not less than 40 and not more than 100. Use the services of a computer designer to create a colorful playlist illustration.
- Describe the content of the playlist you created and preferably each song individually.
The average artist earns between $1,000 and $5,000 for every million plays. However, these figures will vary markedly both up and down.
There are many factors that affect royalty payments. In particular, a lot depends on whether the song is fully or partially listened to, what are the financial results of the streaming service for a certain period of time (usually a quarter), and also on what percentage of the profits will be paid to artists by decision of the meeting of its founders.