A post in another thread from @bridgenail got me thinking that a thread about how musicians make money might be helpful to those of you sending your kids off to music schools. This is based on my son’s experience, but I’m hopeful that @bridgenail and others whose kids have graduated and are making a living from their music might add to this.
-
Private students. To quote @bridgenail, “Almost all performing artists teach in some capacity. It’s your bread and butter.” My son typically has about 8-10 private students at any given time. He limits the number so that it doesn’t unduly interfere with his other music activities, but it provides a nice base of income. He likes his students, enjoys teaching and takes pride in his students’ progress.
-
Public performance. My son tours in the U.S. and internationally with his own groups and as a sideman with other groups. And he generally has a steady stream of gigs when he’s back in town in NYC. Live performance has come back strong after two years of pandemic. My son is currently on a west coast tour with his trio - first of 17 shows tonight.
-
Private events. These tend to be well paying even if not all that musically satisfying. My son will do some private events if it’s with other musicians he really likes. As with public performance, the pandemic shut down in-person private events for a while, but they’re coming back.
-
Accompaniment. My son has accompanied in a variety of settings, including with dance groups and musical theater classes, and even did about 25 shows as a sub in the pit orchestra for a Broadway show (shortly before the pandemic hit and shut down Broadway). He said it was a good experience but not really for him. Playing the same music every night isn’t what he wants, though a pit orchestra gig for a successful show can be a stable and well paying gig over an extended period of time.
-
Recording and CD sales. My son has recorded as a session player for other people’s groups - he gets paid a fee for the session. He has also recorded his own groups, which he pays for, but then he has CDs to sell at his shows. He also sells them online, but most of his CD sales are at the live shows. Most venues will allow him to keep 100% of the CD sales, in contrast to online sales, where I think he gets about 50%, maybe less. Something to keep in mind if you go to a show you like and want to put a little more money in the musicians’ pockets - and to take the music with you.
-
Online music. Particularly during the pandemic, my son and many of his music friends took to online performance. My son posted a fair number of livestreams for free just as a way of staying in touch with friends, family and followers. But for some venue sponsored livestreams he provided links to his Venmo and PayPal accounts and listeners could send tips. Some of my son’s friends have established Patreon accounts to help support their online music, or have been able to monetize online music through subscriptions on platforms such as Twitch. My son has a few music friends who have turned their online music into a pretty steady income stream.
-
Composition royalties. To be honest, I’m not sure exactly how it works, but my son joined ASCAP and gets checks periodically for royalties on his music compositions. It’s not a lot at this point, but it’s something. And hopefully will grow over time.
-
Busking. Busking in the park can actually bring in a fair amount of money on a good day. I always make a point of putting something in the hat for musicians I hear in the park. During the pandemic in particular, there were some really great musicians out busking on nice days, including my son’s trio on occasion.