How to Monetise Your Music: Boost Revenue with Direct Music Downloads
In an increasingly competitive music market, musicians and their teams are always looking for ways to monetise their craft and generate a sustainable revenue stream. Streaming platforms are unquestionably the primary way music fans consume music.
However, for many music fans, direct music downloads are not only a way to get a copy on their track on their device, but also a way to support their favourite artists. In this article, we explore how this distribution method can directly benefit artists. We also look at the different ways you can go about encouraging your fans to actually buy your music.
The streaming royalties crisis
Streaming services have forever changed the way we consume music. While platforms such as Spotify, Apple Music and Pandora have made it easier for both signed and unsigned artists to distribute their music globally, their different pay-out models have been a cause for debate.
Artists often earn a fraction of a cent per stream – a percentage of which is passed on to their teams or labels. This makes it difficult for artists to generate a sustainable income through streaming, forcing many artists to tour constantly to make ends meet.
So what’s the alternative? Although streaming services provide a reliable way for artists to get their music discovered, distributing their music through platforms that specialise in direct music downloads are a great money-making alternative. Here’s why!
Artist-to-fan direct music downloads: A more sustainable paradigm
The artist-to-fan direct music download model empowers artists to have greater control over their work. This is mainly because they can set the price for the digital download and get more money per download than they would get for one stream. For superfans who want to buy music tracks, it’s an easy way to directly support their favourite artists in their musical journey, with the added benefit of getting high-quality versions of the tracks.
Increased revenue share
With direct music downloads, artists receive a bigger portion of their earnings, especially compared to streaming services. Except for the commission that platforms such as Bandcamp charge for hosting the tracks, the artist receives the entirety of the earnings straight to their bank account.
Flexible pricing models
Another big advantage is that artists can set the price for the music MP3s they’re selling and experiment with what pricing model works best for them. From pay-what-you-want options to a fixed price for each track, artists can adapt the price to what typically works for their specific audience.
Building a direct connection with fans
Artist-to-fan platforms that specialise in music downloads typically have more community features that artists can make use of. This not only fosters a closer relationship between the artist and their fans, but also builds a much-needed sense of community that is largely absent on the major streaming platforms.
Diversification of income streams
Relying solely on streaming services for your revenue just doesn’t cut it, especially given the uncertainty around streaming numbers and payout structures. Direct music downloads are a great way to ensure that the artists themselves control how much they charge for a single track. This reduces dependence on uncertain sources and creates a more stable financial foundation.
Final notes
So, how can you go about convincing your audience to download your music? First things first – make sure you include a download link at the top of your Amplify release page. By doing so, people who prefer to buy music tracks as opposed to simply streaming them will know that your music is available for purchase.
Moreover, make sure you push the narrative on all your social media profiles. You can also leverage the power of exclusivity in your narrative. Emphasise that, by buying your music, fans not only get access to your music, but also benefits such as a community group chat, a discount on merch, early access to music videos, and so on.
Encouraging your fans to start downloading your music requires a multi-faceted approach. However, once you kickstart this strategy, you definitely won’t look back!