One of the best income sources of a songwriter is through music publishing deals. In this deal, a music publisher will be signing your songs to be included in their catalog and you will be paid with money in exchange for this. Formally this money that you will be receiving will be called “royalties” and there are three common income sources:
a.) Advance royalties – this is the royalties paid by the music publisher to you in exchange of accepting and signing the music publishing agreement. After receiving the advance royalties, the music publisher will officially include your songs in their catalog. The music publisher will then represent your songs in all licensing deals that go along with it.
b.) Public performance royalties – these royalties will be paid by the performance organizations such as ASCAP, BMI and SESAC to the music publisher and the songwriter. You will earn a portion of this income depending on the agreement (mostly 50%). Take note that you will only received performance royalties if your songs was licensed by companies that will publicly broadcast your music. Examples of these are television companies, radio stations, web casting, film, etc.
c.) Synchronization royalties – these royalties will be paid by the film and TV production companies for the use of music in their projects.
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According to this source: http://blog.reverbnation.com/2011/03/29/survey-results-75-of-indie-artists-seek-a-label-deal-sony-top-label-of-choice/; 75% of indie artist seeks a label deal. Are you one of them? If yes, then this tutorial will increase your chances how to get signed to a record label and start to make money with your music. This is how you do this (there is no shortcut and there is no luck factor involved):
Step1.) Write great songs. Of course, you might argue songwriting talent is not needed but it is. A lot of recording labels today are cutting music publishing cost and they are signing artist that write songs for themselves so that they can negotiate a much lower mechanical licensing fees for each song. If you have a lot of great songs, then you have secured step 1. Go to step 2.
However, the problem on this step is that a lot of wannabe artist believes their song is great when in fact its not. Try to get an honest opinion from the wide variety of sources about your song. Make sure they are not your mama, papa, friend or brother because they do not tell the truth. Give it to a real music critic, someone who is unrelated to you so that you can receive honest opinion about your music. Do not proceed to step 2 and the rest of the steps if you are not sure you have “lots” of quality songs.
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More and more artist are moving online to promote their website. This includes starting a website and building an online presence. The following tips are absolutely helpful for musicians who plans to succeed in promoting and selling their music online using their website.
Tip#1: Make your website to load VERY fast – remember a study on the effects of slow loading website to your visitors: http://www.peer1.com/hosting/how-slow-websites-impact-visitors-and-sales.php. It says that 33% of the visitors will abandon your website after 4 seconds. Of course, if you are musician and planning to get more fans. You will not like this.
What you can do is to use a fast CMS like WordPress and use that in your website. Do not add to much graphics and slow loading elements like Flash. Its why I hate visiting artist pages in MySpace because it loads very slow!
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