I just asked OpenAI:
What is the best way to make money if you are an independent music producer?
And here is the answer:
1. Sell your beats online: Consider setting up a website where you can sell your beats and instrumentals. You can also join music production websites that connect producers with artists who need beats.
2. License your music: You can license your music to labels, TV shows, ads, and other media.
3. Perform live: Consider performing your music live at venues, festivals, and events. You can make money through ticket sales and merchandise sales.
4. Teach production: Consider teaching production classes either in person or online. You can charge for your services, or you can offer free classes to build a following.
5. Offer mixing and mastering services: Consider offering mixing and mastering services to artists who need help finishing their music. You can charge a fee for your services.
6. Collaborate with other artists: Consider collaborating with other artists to create music together. This can be a great way to build your portfolio and make money at the same time.
Why is Music NFTs not there, and why there’s not a word about Web3, my assumption is:
- OpenAI uses real world data up until 2021. Too early. The answer with current data would be more focused on 2021.
- All of the methods to make money for musicians are applicable to both Web2 and Web3. Web3 just pays a better percentage off of every deal.
