Royalties

Once your music is out in the world and being used, you can start collecting royalties. Royalties are payments made to you for the use of your music, and they can come from a variety of sources such as streaming services, radio play, and live performances. Collecting royalties is an important part of the music industry, as it ensures that you are compensated for the use of your work.

Here are some ways to collect royalties:

1. Register your music with a Performing Rights Organization (PRO): A PRO is an organization that collects and distributes royalties on behalf of songwriters and publishers. By registering your music with a PRO such as ASCAP, BMI, or SESAC, you can ensure that you are getting paid for the use of your music.
2. Sign up for digital distribution services: Digital distribution services such as CD Baby, DistroKid, and TuneCore can help you collect royalties from streaming services such as Spotify, Apple Music, and Amazon Music. These services will distribute your music to these platforms and collect royalties on your behalf.
3. Monitor your music usage: Keep track of where your music is being used, such as on TV shows, movies, and commercials. You can use services like TuneSat or HAAWK to monitor your music usage and collect royalties from these sources.
4. Negotiate licensing deals: You can also collect royalties by licensing your music for use in various media, such as films, TV shows, and advertisements. By negotiating licensing deals directly with the companies that want to use your music, you can ensure that you are getting paid for the use of your work.
5. Keep track of your income and expenses: It's important to keep track of your income and expenses related to your music career, as this will help you with taxes and financial planning. You can use accounting software such as QuickBooks or Wave to track your income and expenses.

By following these steps, you can ensure that you are collecting all of the royalties that you are entitled to. Remember, collecting royalties is an important part of the music industry, and it's important to take it seriously to ensure that you are fairly compensated for your work.

Royalty Tools | Accounting Tools