As a Guitarist How to Make Money With Guitar | 5 Tips Trending in 2020
Guitarists, like other musicians, find it difficult to obtain better employment. According to the Bureau of Labor Statistics, in 2010, about 43 percent of musicians were self-employed, and many combined part-time work as musicians, among other jobs. The range of money-making opportunities for an average guitarist runs from loose change from busking, or street performance, to a successful recording contract to royalty.
Guitar players earn money by playing at live entertainment venues such as coffee shops, restaurants, bars, universities, music clubs and concerts. You can play solo, play with a singer or as part of a group. Not all events pay musicians for performances; Some offer free drinks in exchange for play. In some music clubs, such as folk clubs, the chief guest receives payment while other musicians perform for free. There may be other earning opportunities from playing at entertainment venues, such as invitations to perform at weddings or other private functions.
Anyone out there actually plays guitar makes any money?
Story of a friend of mine:
Playing with my family and at church, then joining some bands in high school, who used to just play freebies in parks and churches that didn’t make money, I really used to think a lot.
When some local winners and restaurants started contacting me to play I didn’t understand what to charge. After doing some research online, I decided that $50 an hour seemed like a good number for a man to sing songs with his basic acoustic guitar. I haven’t really put myself out there, only playing games where they’ve contacted me recently. I ended up playing 3 gigs in the last 4 weeks and made $ 500. I never thought that I would make $ 500 a month playing guitar in a million years. I am getting married with children, a house and 5 days a week sales. Music has always been a hobby, but now it is a legitimate second source of income. My wife hopes that it will pay for itself.
The recording session provides opportunities to earn fees with artists who wish to feature special guitar parts on their recordings. Studios pay session musicians on a per-track basis so the fees are the same whether the recording is completed with several re-takes in a few hours or several days. If artists go on tour to promote their recordings, they can also ask the session’s musicians to play on the tour.
Recording your own song or music gives you the opportunity to make money from CD sales at performance venues, online stores that agree to stock your album. If the cost of the studio is too high, you can use PC-based home recording equipment.
Sell your music on major platforms
There are people still like to buy music in 2018. Selling your music on all major platforms is a great way to monetize your YouTube videos.
Once you start creating a following on YouTube with your guitar videos, you can start publishing high quality MP3 files for your users to download and listen to.
You can use online distribution platforms to push your music to all major platforms at once, including iTunes, Google Play and Amazon Music.
When users buy your music, you are paid in royalty.
Just keep in mind that fees are involved with selling on these platforms, so you need to have a good following to make it profitable.
Another service that is really popular among musicians on YouTube is Bandcamp. This platform places more emphasis on supporting younger musicians, so when your followers buy your music you will be earning a higher percentage with a lower fee.
YouTube monetization with ad revenue
It is a mindless person. The easiest way to earn money with your guitar videos is through YouTube’s native monetization platform. YouTube allows you to monetize videos by placing advertisements on your videos.
Here’s how it works.
Advertisers will allow YouTube to advertise on the platform. YouTube will then place these ads on your video and pay you a percentage of the advertising revenue.
If your video is the cover of a song, a portion (or possibly all) of that advertising revenue may go directly to the music publisher due to copyright claims. For more information, see YouTube’s Guidelines for more information about monetization of eligible cover videos.
Although the easiest way of advertising income with your guitar videos on YouTube is money, it is probably the least profitable, unless you have a very large one.
On average, you can expect to earn $ 2 per 1000 views on a video with demonetization enabled. This means that unless your YouTube channel averages hundreds of thousands of views per month, you won’t actually earn significant revenue.
That being said, it is still worth monetizing your videos.
The point is to diversify your income streams by generating revenue from as many different sources as possible.
Guitar experts teach students and players who want to learn the instrument. You can teach or teach individuals in schools, universities and colleges as a part of the music curriculum. Contact music shops and encourage them to teach lessons to customers who have purchased their first guitar.
Create an online course
Creating an online guitar course is probably one of the most attractive ways to leverage your videos on YouTube. First of all make a series of videos on whatever subject you want to teach, whether it is guitar theory, how to learn a specific style of music.
Your YouTube channel will be your main way of promoting your course. You can offer free samples of your online course on your YouTube channel and then direct them to purchase the entire course.
For hosting the course, there are two main ways to go about it.
The first way is to use a service like Udemy. This is a very well known website that is sure to give your site as much exposure as possible. When someone buys your course, you are paid. Udemy usually charge and take a portion of the revenue. Udemy is a very good option for people with a small following on YouTube as it will get you a lot of exposure on their platform systematically. You may not get paid more by sales, but you will have to do your course in front of more eyes without it.
An example of a successful guitar YouTuber following this model is Tyler Larson, who owns Channel Music. He transformed his YouTube channel into a full-time business by promoting his Udemy course Guitar Super System.
The second way is to create your own WordPress website to host and sell your course. This way you will earn all revenue from your sales. However, you also have to deal with all the headaches associated with building a full website, promoting it, collecting payments, customer service and running an online business.
Provide Online Guitar Lessons
If you don’t deal with the hassle of creating a full course of content, you can always use your YouTube channel to provide real lessons. Video conferencing platforms such as Skype, FaceTime, etc. make it simple to provide lessons to people around the world. The best thing is that you are essentially a freelancer, so whenever you want to feel that way, you have the flexibility to work. You are your own boss
Working in a music store gives you a chance to play and earn. Music stores hire players full-time or part-time so that they have competent musicians to advise customers and perform instruments. Guitar manufacturers and distributors hire musicians to display their products to consumers and retailers in stores or trade fairs. They also use musicians’ recordings on websites to showcase their guitar ability.
Thank you for reading this article. Hopefully, you learned some new ways to make money with the Guitar that you had not considered. You do not need to apply every single item in this list, but remember that the more sources of income you have the better. For more tips for guitar players, be sure to check out other articles for Guitar advice on knowledge share.