By Jeff Price & Jamie Purpora
In today’s world your songs can generate money and royalties via the traditional “Physical/Analog” music industry or the new “Digital” music industry. There are in fact 13 different and specifics ways that you as a songwriter can make this money off of your songs.
Note – each income stream and type of royalty is generated off the original recording of a song (i.e. the Beatles version of Paul McCartney’s song “Yesterday”) or off of a cover of the song (i.e. if multiple artists cover the song, the song becomes an “x” factor multiplier for revenue). In the case of “Yesterday,” there are over 25,000 covers.
We’ve broken these income types into two categories:
-Physical/Analog Songwriter Royalties and Revenue
-Digital Songwriter Royalties and Revenue
Related to this article: The Global Songwriter Shell Game