Monetizar: How to make money in the Music Industry
Copyright © 2021 Oyeyemi Akinsola
Published by ZODMOX MEDIA
ISBN: 978-9-78158-954-6
Copyright © Oyeyemi Akinsola 2021.
All rights reserved.
This book is protected under copyright laws. Any reproduction or other unauthorized use of the material or artwork herein is prohibited. No part of this book may be used or reproduced in any manner whatsoever without the prior written permission of the author.
This book is a work of fiction. Any references to historical events; to real people, living or dead; or to real locales are intended only to give the fiction a sense of reality and authenticity. Names, characters, places, and incidents either are the product of the author’s imagination or are used fictitiously and their resemblance, if any, to real-life counterparts is entirely coincidental.
Cover Art by
Zodmox Media
The eagle is one of the most powerful birds in the world. It thrives daily, utilizing its full potential—its keen eyesight, powerful wings, and adept feet. Spotting prey from afar, it swoops down with its wings and snatches it away with its feet.
Human beings are bestowed with incredible gifts such as eyes, ears, brains, and more, yet many live in poverty.
I’ve recently realized that the disparity between the rich and the poor lies in their levels of sensitivity, activity, dedication, readiness, proactiveness, seriousness, carefulness, responsibility, and, crucially, the opportunities either utilized by the rich or neglected by the poor.
This book details how to monetize your musical abilities. Often, just one or two points can lead to substantial wealth based on your level of activity and preparedness.
Another crucial factor determining success in life is temperament. How you handle issues and react to occurrences are influenced by your temperament.
There are four major temperaments: Hot, Warm, Cool, and Cold. The hot and warm temperaments lean toward extroversion, while the cool and cold temperaments lean toward introversion. Both classifications have their strengths and weaknesses.
Individuals who are bold, confident, strong, dedicated, hardworking, diligent, brave, hopeful, and faithful have a 100% greater chance of success compared to those who are fearful, lazy, dull, pessimistic, stingy, doubtful, always afraid, tired, weak, and tend to complain.
Opportunities often present themselves once in a lifetime. If you’re slow, lazy, doubtful, or fearful, how will you seize the opportunities that come your way? Success is a gradual process, and Rome wasn’t built in a day. Time doesn’t wait for anyone, so it’s crucial to be proactive.
There’s no harm in trying, seizing opportunities, and implementing ideas. The difference between the rich and the poor often lies in the opportunities the rich utilized but were neglected by the poor. The wealth of the rich often stems from their willingness to explore every idea they encounter in life’s journey.
I encourage you to take every point in this book seriously, no matter how simple, common, or insignificant they might seem. These seemingly crazy ideas have worked for many across the globe. This book will guide you on how to make money in the music industry.
The Music Industry comprises four components:
- The Originators: Songwriters, composers, poets, lyricists, etc.
- The Performers: Singers, artists, musicians, actors, etc.
- The Modifiers: Distributors, promoters, marketers, broadcasting corporations, record labels, etc.
- The Consumers: Listeners, fans, clubhouses, TV and radio stations, etc.
You don’t need to be a singer to start making money in the music industry using the ideas from this book. In fact, songwriters are now earning as well, alongside the listeners. Numerous online platforms pay you for listening to music.
The individuals controlling the wealth of music aren’t always the performers. While performers possess excellent voices and skills, many are too proud to learn how to monetize their talents.
My hope is that God will grant you the grace to recognize one or two opportunities that will lead to your breakthrough as you read this book.
Stay blessed as you read.
WHAT IS STREAMING?
Streaming refers to when your music becomes accessible to listeners who subscribe to digital platforms to enjoy a wide array of music collections from across the globe.
Subscribers to streaming services can include radio stations, TV stations, clubs, restaurants, or individuals worldwide.
The most renowned streaming platforms are Spotify and Apple Music.
To collect royalties from these streaming services, your music needs to be submitted by a distribution company.
You don’t need to be a star before your music can be available on Spotify and Apple Music. You don’t have to be well-known to start making money in music. These two companies are the largest and most popular streaming services globally. Others include Google Play, Amazon Music, YouTube Music, and many more.
You require a distribution network/company to place your music on digital stores worldwide. This involves sending your music to all major streaming platforms to expose it to millions of new listeners through playlists. This is the latest way to make money in music today.
Once your music is distributed and people start listening to it, these digital platforms will start paying you based on the number of views or listeners you receive.
To make your music available on all digital platforms, consult Zodmox Media at www.zodmox.com.ng.
The sooner you start, the sooner you’ll succeed.
TO ENJOY STREAMING SERVICES, YOU NEED THE FOLLOWING:
ALBUM/SINGLE: You need a well-produced audio single or album to start making money in the music industry.
The more high-quality music you have, the better your chances of becoming relevant in society and starting to earn.
Your voice is a significant asset; therefore, compose original songs. Consult a good producer to create a single or album. Ensure you record your music in a reputable studio equipped with the necessary tools and state-of-the-art software for today’s challenges.
You also need to know your strengths in music.
IF YOU ARE NOT A SINGER OR A MUSICIAN:
If you’re not a singer or musician, you may hire a talented singer to create powerful tracks for you. Pay for the songs and let them know that you want to buy the song outright. Obtain the copyright for yourself from the Nigeria Copyright Commission.
Consult Zodmox Media to get the tracks onto a digital platform for monetization and international copyright. In the next ten years, your music could yield a bountiful harvest if you consistently promote your streaming content. You may or may not put your picture on the cover artwork.
All you need to do is find a unique name for yourself, and that’s it.
If you have the funds, consider investing in this idea to start making money in the music industry.
THERE ARE FIVE MAJOR ADVANTAGES OF STREAMING PACKAGES:
(a) Accessibility: Streaming makes music readily accessible to anyone, anywhere on the planet. It’s becoming the primary source of music consumption for audiences.
(b) Anti-Piracy: Streaming services offer a solution to music piracy. The subscription model leads to more payments for music by consumers, many of whom are transitioning from pirate services to a licensed music environment that compensates artists and rights holders.
(c) Easy Distribution: Distribution has become easier than ever. Artists rely less on labels to produce physical copies, making it simpler to distribute their music.
(d) Revenue Generation: Revenue for music doesn’t solely come from streaming services but from paying consumers. Without paying consumers, streaming services won’t have the revenue to pay rights holders.
(e) Analytics: Streaming services allow artists to gain insight into how people interact with their music. Sales records are now traceable.
SOME COMPANIES OFFERING STREAMING SERVICES:
