Electronic Dance Music (EDM) has become a global phenomenon, captivating audiences around the world with its infectious beats and energetic vibes.
If you’re passionate about creating EDM and want to turn your hobby into a profitable career, you’re in luck. In this comprehensive guide, we will explore the various ways you can earn money making EDM in 2023. From streaming your music on popular platforms to producing for other artists, we’ll cover it all. So, let’s dive in and discover the best strategies to monetize your EDM production skills.
1. Streaming Your Music
Streaming platforms like Spotify have revolutionized the music industry, providing artists with a direct channel to reach their audience and generate income. By uploading your EDM tracks to platforms like Spotify, you can not only promote your music but also earn royalties for each stream. While the earnings per stream may vary depending on factors like country and subscription type, streaming remains one of the most lucrative ways to make money with EDM. Artists like Marshmello have achieved massive success through streaming platforms, amassing millions of monthly listeners and billions of views on YouTube.
2. Sync Licensing
Sync licensing offers a unique opportunity for EDM producers to monetize their music by granting permission for its use in visual media like movies, TV shows, video games, and advertisements. By licensing your EDM tracks, you can earn a fee or a percentage of the revenue generated by the project. To maximize your chances of securing sync licensing deals, focus on creating music with simple, memorable melodies and lyrics that complement the visual content. Additionally, familiarize yourself with the legal aspects of sync licensing to avoid any potential issues.
3. Producing for Other Artists
If you possess the skills and resources to produce high-quality EDM tracks, consider venturing into artist production. As an artist producer, you’ll collaborate with artists to create beats, instrumental soundtracks, and even lyrics. Many famous artists rely on the expertise of producers to bring their vision to life. By working with renowned EDM artists, you can not only earn a significant income but also establish a reputable name in the industry.
4. Ghost Production
Ghost production is a unique avenue for EDM producers who prefer to remain anonymous while still making a substantial income. In this arrangement, you create music for other artists who then take credit for it publicly. While you won’t receive recognition for your work, ghost production can be highly lucrative, with tracks selling for hundreds or even thousands of dollars. If you’re comfortable working behind the scenes and value financial gain over public recognition, ghost production may be the perfect fit for you.
5. Video Game Composition
The gaming industry continues to grow rapidly, offering exciting opportunities for EDM producers. Video game composers are in high demand, as their music enhances gameplay and creates immersive experiences for players. Whether it’s creating soulful melodies or energetic sound effects, your skills as an EDM producer can find a home in the gaming world. Renowned composers like Koji Kondo, known for his work on Super Mario Bros, have achieved great success in this field. By honing your expertise in video game composition, you can earn a substantial income and contribute to the creation of captivating gaming experiences.
6. Beat Making
Selling beats is a popular avenue for EDM producers looking to monetize their talent. Whether you sell beats exclusively or non-exclusively, there is potential to earn a significant income. Exclusive beats, which are sold to only one buyer, typically command higher prices. Non-exclusive beats, on the other hand, can be sold to multiple buyers, increasing your revenue potential. To succeed in beat making, focus on creating unique and in-demand beats that resonate with your target audience.
7. Creating Sample Packs
If you possess expertise in music production and sound design, creating and selling sample packs can be a lucrative venture. Sample packs consist of loops and one-shot sounds that producers can use in their own tracks. While selling sample packs may not generate substantial income on its own, it can serve as a valuable side source of revenue. Price your sample packs based on the number and quality of samples included, ranging from a few dollars to a few hundred dollars. By offering high-quality samples and catering to the needs of producers, you can attract customers and generate consistent sales.
8. Live Shows
Live shows are the pinnacle of success for EDM producers, providing opportunities to showcase your music and connect with fans. While breaking into the live show circuit may be challenging as a beginner, with perseverance and dedication, you can build a career performing at various events. Start by playing at local venues and gradually work your way up to larger shows and festivals. As your popularity grows, so will your income from live performances. Additionally, consider exploring commercial DJing opportunities at weddings, festivals, and corporate events, which can be highly profitable and help you gain recognition within the community.
9. Online Courses and Tutorials
As an experienced EDM producer, you have valuable knowledge and skills that aspiring producers are eager to learn. Capitalize on this demand by creating and selling online courses and tutorials. Platforms like Udemy and Teachable provide a convenient way to package your expertise and monetize it. Whether you teach music production techniques, sound design, or mixing and mastering, there is a market for educational content in the EDM community. By sharing your knowledge and helping others develop their skills, you can earn a passive income while making a positive impact on the next generation of EDM producers.
10. Collaborations and Remixes
Collaborating with other artists and producers can expand your reach and open doors to new income streams. By combining your unique styles and talents, you can create powerful collaborations that resonate with audiences. Additionally, remixing popular songs can attract attention and introduce your music to a wider audience. Collaborations and remixes offer opportunities for revenue sharing, exposure, and building valuable relationships within the music industry. Network with fellow EDM producers, reach out to artists for collaboration, and explore remix contests to leverage these opportunities.
Conclusion
The world of EDM offers numerous avenues for producers to earn a living from their passion. Whether it’s streaming your music, licensing it for visual media, producing for other artists, or creating sample packs, the possibilities are vast. By embracing these income-generating strategies and continuously honing your craft, you can turn your love for EDM into a profitable career. So, get creative, stay dedicated, and let your music captivate the world while you reap the rewards.
