5 ways to increase revenue as an emerging artist

Digitalization has changed the global musical landscape as artists now have direct access to consumers. This accessibility to the market has provided opportunities for artists to manage their reach, output, and monetization. Nevertheless, the massive commercialization has led to heavy supply that mostly appears to exceed demand thus leading to stiffer competition for market share. This reality means that artists with better resources and backing get to reach more audiences and make more money. As an emerging artist, monetization can be challenging since there’s a limited marketing budget to reach a bigger audience. However, there are still avenues for emerging talents to deploy social media to connect with an audience that can become paying consumers. There are also other means through which rising artists can make some revenues that help to fund their craft and serve as an incentive to continue thriving. 5 ways to Increase Your Revenue as an Emerging Artist 1. Leveraging social media monetization For an emerging artist, content creation is important for audience cultivation. Several social media platforms including X and Facebook now pay creators for their content. The more reach this content gets, the bigger the payout. As an emerging talent, you should be creative with your content. Creating engaging content will not only help you grow a following but also put money in your pocket. 2. Songwriting For decades, superstars and their labels have paid top dollar to songwriters. As an emerging artist with good songwriting skills, you can offer your services to labels and more established acts. Aside from getting paid for these services, you will get songwriting credit that will further increase your visibility. The royalties from your writing catalogue can steadily grow to become a significant source of income, especially when the songs enjoy commercial success. One way to connect with professionals who might require your writing skills is by networking in recording camps and engaging different music communities. 3. Sync Licenses Movie studios, game production companies, and even advertising agencies are often searching for songs to use in their works. It’s not usually easy to get the works of established artists due to the cost and painstaking process, hence they tend to favour emerging stars. As an emerging artist looking to increase revenue streams, you should be on the lookout for licensing companies that can assist in plugging your music with the appropriate channels. 4. Collaboration For an emerging artist aiming to find new sources of income, collaboration is something you should strongly consider. Partnering up with other artists, producers, DJs, and Hypemen with a bigger reach and marketing budget will increase your reach and make it easier for you to score a bigger song which will translate to more income. 5. Fans Support As an emerging artist, when you grow an audience who become core fans, they might be willing to support you through direct financial contributions that become investments in your craft. There are different platforms such as Patreon that you can use to grow an audience, provide them with exclusive materials, and also receive financial support. Audiomack also has a feature that allows fans to gift their favourite artists.