Hi, unfortunately, the money earned from music streaming services such as Spotify, is only 10ths of a penny per stream at this time. Ad revenue received by most independent artists from YouTube is also pennies on the dollar or minimal. Since the advent of music streaming, my personal music sales of downloads and CDs have dropped considerably, and the same is happening throughout the entire music industry. While streaming services offer a very attractive deal for on-demand music for the consumer, the platform is not one that is profitable for artists and labels, at least at this point. The Recording Academy and other influential entities and artists in the industry are advocating congressional support of the "Fair Play Fair Pay Act", H.R. 1733. Hopefully, strides will be made in that regard to level the playing field for fair pay to artists and labels.
That being said, I encourage you to follow your passion for music. Work toward building a fan base outside of the streaming world. Perform live shows, and grow an email list to keep your fans up to date. There is also an abundance of opportunities in film, television and commercial ads for independent songwriters and artists. If you believe in yourself and your music, you can and will make it happen.
I am both an artist and work on the industry side, and have been doing so for forty plus years. Although the music business has changed drastically over past few years, I continue forward following my creative dreams and passion for music simply because I love doing so.
Stay at it, and never give up.
Hi, I can't give you accurate information on streaming music. I have twenty songs available on Itunes and cd baby but have yet to receive any return. My sense of things is that most musicians are making money through performance. Either clubs or touring. A lot of musicians also work for the church. I think streaming is a very cost effective way to distribute your music. People have heard my songs on youtube around the world. pretty cool, but as i have said not much of a source of income. if you love music, you will have to find a way to support it until you get it to pay, good luck
Hi. As long as you don't expect to earn too much money, yes you can make some. But if you are dreaming of thousands of dollars, your YouTube song will need to get millions of hits. I wish I had better news, but that is how it is. Why don't you try teaching? You will get much joy out of that. And it can be a steady source of income for you. Take an interest in helping others and the money will come! All the best!
p.s. I know that teaching and streaming don't seem to be related. And when I thought of the answer, I was thinking you could teach in a more traditional setting - one on one or classroom or the like. But now that I think of it, there a SCADS of teaching and educational YouTube videos out there that get many hits. So if you have something that you feel you could offer as a teacher, maybe start making and posting videos of yourself teaching, instructing, etc. And you can always link your teaching channel to your music channel - put links on it, etc. Good luck!
There is a huge number of youtubers that rely on that. Will be enough to support your lifestyle, I honestly don't know. Try to contact a youtuber and ask!