How to Make money online
What’s new in Playa? You should now have an overview. There is no business like show business. But here’s the problem, you keep editing the show, but you don’t take care of the business. If you’re like a lot of young artists coming into the game, you probably don’t have a good grasp of the many rules and regulations in the music industry. You might have read an article here or there, or even picked up a book or two on the music industry, but chances are, unless you’re a lawyer, you probably didn’t get it. Relax, I support you. Look at me as some kind of guardian angel in your music business, here to help you add some business to your show. Let’s face it, the music industry is a well-oiled machine designed to do one thing, and that is to make money. Throughout your career, you will notice that at every turn there is someone waiting to benefit from your talent and success.
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| How to Make money online |
No matter what size you are, you can never completely eliminate the middleman. Go ahead and screw up your face if you want, but if you think you can scratch the middleman, you have to close your eyes and go back to La-La-Land, because my mate is still dreaming. Even when you become a hip hop mogul like Russell Simmons or P-Diddy, you still get answers from someone else, and they usually make more money than you. Okay, this is where I’m going to stop because I’m known to go on a tangent on the many economic inequalities in the music industry. So, without further ado, let’s talk about getting paid …
Get your money right
Now that we’ve established that other people are going to make money from your talents, let’s focus on how you can start to get your teeth wet too. During the week I get a million and one emails with questions about the music industry. The most common question is, “What is posting and what does it have to do with me?” Publishing is quite a difficult subject; I will therefore explain it as simple as humanly possible. Sit in class and pay attention.
Publishing is money earned from the songs you wrote. This money comes from two separate sources.
Source # 1: Mechanical Royalties – This is the money that record companies pay the publisher for songs that have been mechanically recorded (pressed) to disc or CD.
Source # 2: Public Performance Income-Better known as performing rights, this allows others to use your music in different mediums such as; radio, television, films, etc.
Pump the brakes, Playa! You are not entitled to all the money, just a portion of it. Let me explain. All the money made from music publishing is simply known as publishing royalties. Publishing royalties are divided into two separate parts; editors share and writers share. Think of stocks as a pie with two halves; publishers make up 50% of the pie and writers’ share makes up 50% of the pie, and together they make up 100% of music publishing revenue.
The publisher is the party that collects both shares and then pays the author’s share to the songwriter (s). The publisher is the one who owns or controls the copyright of the song. This means that they have the right to do with it whatever they want, for example under license (rental) for films or sheet music. Also, give permission to other singers to re-record it. At some point, as a songwriter, you will have to deal with a publisher at some level whether you decide to self-publish or not. The main advantage of self-publishing is that you are solely responsible for your copyright, but unless you have the time, energy, and resources to do what a publisher does, you would. better to learn how to play “Let’s make a deal”.
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| How to Make money online |
What a publisher can do for you the songwriter
* Copyright your songs so that your butt is covered around the world.
* Make sure your songs are used in every medium imaginable, such as: radio, video games, downloadable ringtones, movies, etc.
* Hang manufacturing and distribution agreements for music books and sheet music for your songs.
* Register your songs with collection agencies such as BMI, ASCAP, SEASAC and Harry Fox Agency.
* Protect yourself from copyright infringers who attempt to steal your material by sampling, sharing files, and bootlegging.
* Develop and promote yourself as a writer.
* Negotiate license agreements on your behalf