ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

5 side hustles that hit the right notes for music lovers

From teaching to composing, the world of music offers many opportunities to earn extra income.
PUBLISHED JUL 11, 2024
Cover image source: Usnplash | Photo by Wes Hicks
Cover image source: Usnplash | Photo by Wes Hicks

For many of us, music is life. For artists, it’s natural to want to make more money but amid stiff competition, it may not be easy. However, the passion for music can help out. Whether it’s an artist or someone passionate about music, the world of music offers many opportunities to earn extra income through side gigs. Here are the top five lucrative side gigs for those who are passionate about music.

Representative image | Unsplash | Photo by Simon Noh
Representative image | Unsplash | Photo by Simon Noh

While people listen to music every day, most don’t know that they can make money by doing so. Several platforms pay curators to listen to music and provide informative reviews. Spotify, which dominates the music streaming world, offers many such unique monetization opportunities. Other platforms like PlaylistPush offer up to $15 for curators to curate playlists and provide reviews, as per GOBankingRates. However, curators must meet the platform’s criteria.

Representative image | Unsplash | Photo by Simon Noh
Representative image | Unsplash | Photo by Simon Noh

Podcasts have become increasingly popular throughout the world in recent times. For those who have the resources, creating a quality music podcast can help them generate a solid income. Platforms like Spotify allow podcasters to monetize your channel and earn money. By carefully choosing a niche, podcasters can build a loyal audience who may also be up to pay for a subscription. As per Spotify’s website, podcasters make 50% of the revenue from each ad placed on their show.

Photo illustration, the logo of the music streaming service YouTube Music | Getty Images | Photo Illustration by Chesnot
Getty Images | Photo Illustration by Chesnot

For musicians who are comfortable being on camera, starting a YouTube channel is one of the most lucrative side hustles. This side gig has the potential to become a full-time opportunity if creators successfully build a following over time. Creators can create or review music, given they navigate through the copyright guidelines. If they get big enough they can even collaborate with brands and sell merchandise as well.

Representative image | Unsplash | Photo by Marius Masalar
Representative image | Unsplash | Photo by Marius Masalar

Teaching music is the number one money-making side hustle for learned musicians. Online platforms like Lessonface allow teachers to reach a wide variety of learners who may be looking for anything from a vocal trainer to an instrument instructor.  As per Sidehusl, music teachers can earn up to $40/hr. However, they will have to pay a 4% to 15% commission as fees to Lessonface.

Freelance composition involves offering services like writing creating, or composing musical works for artists, businesses, or organizations. Musicians can utilize their skills and creativity to create unique pieces and get paid. Freelancing also allows hustlers to set their own time and schedule, to continue with their main job or other ventures.

Representative image | Unsplash | Photo by Caught In Joy
Representative image | Unsplash | Photo by Caught In Joy

However, to command good pay, freelancers working as songwriters/composers need to build an online portfolio to showcase their work and talent. Furthermore, networking is also important thus, initially, hustlers may need to invest some time and effort and attend industry events, connect with other musicians and producers, and join online communities to build a presence.

According to Twine.net, beginner freelance composers can earn up to $50 per hour for small projects (Simple jingles, short explainer videos). For medium-sized projects like corporate videos, short films, podcasts, and more, freelancers can make up to $75 per hour. However, established composers can make much more for such projects.

MORE ON MARKET REALIST
Things took a turn for the better with the shark as far as the entrepreneurs were concerned.
21 hours ago
The expert pointed out the intricate details on the item and said it was a personal item of the royals.
22 hours ago
The expert said that if the signature was on a letterhead when Garfield was President, it would be worth more.
1 day ago
Had the contestants not gotten their gamble right, they would have lost everything they'd earned.
1 day ago
The revelation came thanks to a fan who asked the question during a "Jeopardy!" taping.
1 day ago
The entrepreneurs' decision came as a big shock to the sharks, and they did not hide it.
1 day ago
Tina double-guessed her third answer, "Does April have 31 days?" Harvey gave her the stink eye.
2 days ago
All the theatrics didn't work when sharks started scrutinizing profit margins.
2 days ago
"Can I stop at any time?" the player nervously inquired. "You can stop any time you want, yes," Carey assured.
2 days ago
Guests on the show would run with it if they ever got that kind of money on Pawn Stars.
2 days ago
The guest even said to keep the kids in the dark about how valuable these items were.
2 days ago
The company had fantastic sales but a crushing debt with a high interest rate that the sharks hated.
3 days ago
It was only Carey's second season in the show and he could have been part of a massive scandal.
3 days ago
“I won’t say anything, and you know why,” he said, with a gesture to zip his lips.
3 days ago
The ring was rescued by the guest's mother thanks to a stranger early in the morning.
4 days ago
"She blanked out. It happens to the best of us," a fan sympathized with the player.
4 days ago
The instrument originally belonged to the guest's grandfather who suffered a horrific injury.
4 days ago
The contestant's wife seemed embarassed at that point of time, and worried as well.
4 days ago
The co-founders of Dino Don got the shark that they always wanted on board.
4 days ago
One can understand why the measure is in place but the shopper was having none of it.
5 days ago