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different (but related) sources than it is to pray that one source will reel in the
whole $2,500.
These multiple streams of income aren t limited to activities that involve your
songs or band. What other skills and opportunities do you possess that you could
leverage into extra cash? Can t think of any? Try again. Believe me, everyone has
the potential to generate additional revenue if he or she only searches for
possibilities.
Example: Let s say you have a basement full of recording gear that you ve turned
into a quality home studio. Perhaps you use it to record your own band or solo
projects and are now ready to offer your services to earn extra cash.
Of course, the obvious thing to do is make your services available to record other
bands and songwriters who are looking for good, inexpensive recordings of their
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music. And many people with home recording setups do just that. The only
problem is, that s all they do ... accept to complain that not enough paying
customers are booking time.
The trick is to look outside the normal, predictable methods. To demonstrate this
philosophy, here are 11 random ideas on how a person with a home studio could
create multiple profit centers:
1) Copyright registration service
It seems everyone is confused about how to register a copyright with the Library
of Congress. It s not really that difficult, of course, but many of your studio clients
may pay you a fee to do it for them and save them the trouble.
2) Recording classes
Do you feel competent enough to effectively share your knowledge of the
recording process with others? If so, offer basic recording classes in your studio.
3) CD duplication
People who use your recording services are prime candidates for CD duplication.
Offer that additional service to your customers and reap the rewards.
4) Voice-overs and spoken word
Music is not the only way to make money with a home recording studio. You can
also reach out to customers who need to record voice-overs for radio commercials
and instructional multi-media projects, as well as poets and authors wanting to
produce spoken-word recordings of their work.
5) Soundtrack library
Many tech-savvy musicians make extra money recording instrumental tracks that
are used in the background of films, TV shows, video games, computer-based
training materials, and more.
6) Compilation CDs
Most of your music customers are going to want to promote their songs after they
have a finished product. Once you have a list of satisfied clients, offer to release a
compilation CD of the best acts. The bands pay you a fee per song (perhaps $50 to
$75 a minute) to put it all together. As long as the total fees you collect are more
than your costs, you come out ahead while helping a lot of acts get the notoriety
they crave.
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7) Equipment rental
I know, you would never think of parting with your new, expensive gear even for
a few hours. But surely, you have some equipment in your arsenal that you d be
comfortable renting to someone. This way, he or she gets to use the component
for a reasonable fee, and you end up with an extra income source.
8) Audio birthday cards
Offer a special service whereby paying customers come in and record a personal
greeting to a loved one. You could promote it as being a much more appealing gift
than a typical, boring greeting card.
9) Audio restoration
Are you good with digital audio editing software? If so, find customers who need to
restore old vinyl albums or want to convert scratchy analog audio programs to CD.
10) Mastering
Recording and mixing individual songs is just one part of the process. Before a full
CD is replicated, all of the tracks need to be mastered so the whole collection has a
cohesive, high-quality sound. Teach your customers the importance of mastering
and offer that as an added source of income.
11) Morning radio show jingles and song parodies
I know this one can work because I ve done it. Several years ago there was a local
morning show team that paid me $100 to $200 a month to write and record song
parodies and goofy jingles for them. It wasn t a huge amount of money, but it
helped fill some financial gaps and it was quite fun!
No matter where your special niche in the music business lies, there are literally
dozens of related ways to earn extra cash. In her Making a Living Without a Job
book, Barbara Winter suggests not trying to launch all of your new money-making
ideas at one time. Pick the one you re most passionate about and get it going first.
Once it s up and running, begin another profit center. Then another. Before long,
you ll have a good number of these revenue centers working for you.
Note: Over time, however, you ll find some of your activities losing steam (or [ Pobierz całość w formacie PDF ] - zanotowane.pl
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