What’s up everyone? ‘Tool back with another post. These days as a producer, having multiple streams of income is a must. I won’t hold you too long, so let’s get right to it.
Put Content In Multiple Places

I know there’s a stash of beats on your hard drive. Compile a few and make some instrumental albums. There’s a gang of people that love listening to beats while working out, studying, etc. 

Having your own website could be a funnel for your content as well. A blog along with your beats can help put my eyes and ears to your brand.

Monetize Content

Now that you have some listeners in your corner, it’s time to ramp up and get that paper! Licensing and placements are the top 2 in my opinion. If you’re not familiar with either of these terms, get up to speed ASAP. You could be leaving a nice sum of cash on the table.

I’ll give some examples:

Licensing;
Music libraries 
TV & film

Placements:
Selling beats to artists that will be later released on projects

Streaming:
As stated earlier, put that beat tape out [iTunes, Spotify, Bandcamp, etc.]

Subscriptions

In this day and age it’s hard not to know about subscriptions. Consider charging a monthly fee to provide a service or products. Upload 5 non exclusive beats for artists to use.

Chop samples and have them available for download. The possibilities are endless. Just be sure to focus on your strong points as a producer so things won’t get too overwhelming.

Courses

A lot of people want to learn from someone with experience and who has more knowledge than them. A lot of people will also pay for it. You can sell courses on beatmaking, how to find samples, mixing, etc. These courses could even be included in your subscriptions. Hint, hint.

Other

Are you good at something other than producing but is still associated with music? Things like playing live gigs, doing the live sound for bands, editing videos and podcasts are a few things that come to mind. 

I hope this post gave you some motivation and ideas to add a few income streams to your portfolio. Comment below on some things you’ve done. Until next time, it’s ‘Tool.