The above video “Beyond Spotify: 13 Ways I Make Money from Music” by Joe Gilder of Home Studio Corner offers an insightful look into the diverse revenue streams available to modern musicians.
Gilder shares his personal journey, highlighting how he transitioned from traditional music income sources to a more varied and lucrative approach. He emphasizes the importance of thinking like a business, leveraging both products and services to generate income.
The video is not just about his success but serves as a motivational guide for musicians looking to explore innovative ways to monetize their talent.
- Diversified Income Streams: Gilder has utilized 13 different methods to earn over $1.5 million from his music, far surpassing the $25,766 he made from streaming platforms like Spotify and Apple Music.
- Modern Opportunities: He contrasts the limited opportunities available to musicians in the 1970s with the vast array of options today, thanks to technological advancements and the internet.
- Business Mindset: The turning point in Gilder’s career was when he started thinking like a business, focusing on selling products and services beyond traditional music revenue sources like album sales, merch, and touring.
- Services and Products: He details various services he offers, including session work, production, mixing, and mastering, as well as products like YouTube videos and online courses.
- Success Stories: Gilder shares examples of others who have successfully diversified their income, like a VIP member who became a sought-after mastering engineer and a music producer creating music for brands.
Implications for Musicians: This video is a testament to the evolving landscape of the music industry, encouraging musicians to think creatively and entrepreneurially. It demonstrates that success in the modern music world often requires a multifaceted approach, blending artistic talent with business acumen.
Check out the video… You’ll be glad you did.