How To Realistically Make $50,000 a Year as a Music Producer

Written By: Austin Hull

Becoming a full time music producer isn't easy. The industry is so saturated; how can you set yourself apart? What can you do to reach your goals? This article discusses ways to diversify your portfolio and breaks down how to increase your income as a music producer.

If you are a beginner in investments, I can promise you that your broker, account manager, or peers are going to tell you "diversify your portfolio." This means don't put all of your money on one stock, or all in bonds, or all in one investment. Diversifying means that you try a bunch of things at the start to see what works for you, what doesn't, what makes money, what loses money, etc. It's a MUCH safer bet when you are just getting started into investing. Sure, once you find what you're good at, what makes you money, and what you enjoy you can focus in one on thing and really become a specialist and a master, but when you're getting started, have as many legs to stand on as you can. Funny enough, I think diversifying your portfolio is the best strategy when you are trying to make a substantial living from production. Let me explain what I mean.

Diversifying means that you try a bunch of things at the start to see what works for you, what doesn't, what makes money, what loses money, etc.

Are you offering services right now for hire? If so, what are you offering? Mixing only? Production only? Design only? If you're an artist are you just selling music and relying on streaming royalties? These are all good ways to make some money, but they are only a select FEW of the many ways. We all know that your income relies on your service, your price, your market, and how well you can attract that market into your services to hire you. If you want to make $50,000 in one year, how will you get there? Let's talk numbers.