Tracking and Maximizing Your Music Income
How do I Manage Royalties and Income Streams?
Music income comes from multiple sources: streaming royalties, mechanical royalties, performance royalties, sync royalties, concert revenue, merchandise, and more. Tracking these properly ensures you don’t lose money and you optimize income generation.
Income Tracking
Create a spreadsheet tracking income from each source monthly: streaming, royalties, shows, merchandise. Look for patterns. Which sources generate the most income? Which are growing? Which are declining? Data guides decision-making.
Royalty Types
Streaming royalties come from Spotify, Apple Music, etc. Mechanical royalties come from reproductions of your songs. Performance royalties come from radio, streaming, venues. Sync royalties come from film, TV, ads using your music. Understand each type and ensure you’re collecting them all.
Auf Wiedersehen, amigos.
