How to Make Money from Electronic Dance Music in 2017
Contents
A comprehensive guide on how to make money in the Electronic Dance Music industry in 2017.
Introduction
Are you an aspiring DJ? Do you want to make money from your passion for electronic dance music?
In this guide, we’ll show you how to make money from electronic dance music in 2017. We’ll share tips on everything from producing and promoting your music, to playing live shows and selling merchandise.
Whether you’re just starting out or you’re already an established artist, there’s bound to be something in this guide that will help you make money from your music. So let’s get started!
The global electronic music industry in 2017
Electronic dance music, also known as EDM, has exploded in popularity in recent years. This genre of music is now a multi-billion dollar industry and shows no signs of slowing down. So, how can you get in on the action and make some money from this growing industry?
The size of the industry
As we noted in our intro, the global electronic music industry is now worth an estimated $7.4 billion. The US accounts for around a quarter of that, with Europe and Asia following behind. Not bad for a genre of music that was once largely the preserve of bedroom producers and illegal raves!
The biggest markets
In 2017, the global electronic music industry was valued at $7.4 billion. The United States, China, and Japan are the three biggest markets, collectively accounting for $2.4 billion of the total value.
The United States is the largest market for electronic music, with a value of $1.1 billion. The majority of this value comes from live music events, which account for $828 million. Ticket sales make up the rest, totalling $273 million.
China is the second largest market, worth $761 million in 2017. The vast majority of this value comes from live music events, which account for $696 million. Ticket sales make up the remainder, totalling $65 million.
Japan is the third largest market, with a value of $531 million in 2017. As with China and the United States, most of this value comes from live music events, which account for $479 million. Ticket sales make up the rest, totalling $52 million.
The most popular genres
The electronic music industry has seen a huge growth in recent years with the popularity of genres such as EDM, dubstep and trance.
There are many different ways to make money from electronic music, including performance fees, merchandise sales and record sales. Many electronic musicians also make money from sponsorship deals and by selling their music online.
The most popular genres of electronic music include:
-EDM (electronic dance music): This is a broad genre that includes sub-genres such as house, techno, trance and dubstep.
-Dubstep: A heavier, more bass-driven style of EDM that has become popular in recent years.
-Trance: A genre of EDM characterized by floaty, dreamlike melodies and often featuring vocals.
How to make money from electronic dance music
If you’re looking to make money from electronic dance music in 2017, there are a few things you need to know. First, you need to have a solid product. You also need to be able to market your music and build a fanbase. Finally, you need to be able to monetize your music. In this article, we’ll go over all of these things in detail so you can start making money from your music today.
Music streaming
If you’re an electronic dance music producer, you may be wondering how to make money from your music in 2017. One of the most popular ways to do this is by streaming your music on sites like Spotify, Apple Music, and Pandora.
To get started, you’ll need to create an account with a streaming service and upload your music. Once your music is live, listeners will be able to stream it whenever they want. You’ll earn a percentage of the revenue generated from each stream, so the more people that listen to your music, the more money you’ll make.
In addition to streaming your music, you can also make money by selling it outright on sites like iTunes and Beatport. When a listener buys one of your songs, you’ll earn a fixed price for each sale. This option can be a great way to generate some quick income, but it’s not as sustainable as streaming since people are only buying individual songs instead of subscribing to your entire catalog.
Finally, you can also make money by licensing your music for use in TV shows, movies, and video games. This can be a great way to earn some passive income, as once your music is licensed you’ll continue to receive royalties every time it’s used. To get started, reach out to production companies and let them know that you’re interested in licensing your music.
Selling music
One of the most common ways for DJs and producers to make money from their music is by selling it. This can be done either through digital stores such as iTunes and Beatport, or through physical outlets such as record stores.
If you’re selling your music digitally, then you’ll need to make sure that your tracks are of a high quality and that they’re properly tagged with all the relevant metadata (artist name, track title, etc). You’ll also need to decide on a price point – typically, tracks are sold for around $1-$2 each.
If you’re selling physical copies of your music, then you’ll need to invest in some manufacturing costs upfront. However, you’ll be able to set your own price point and keep a larger proportion of the sale price. You’ll also need to make sure that your tracks are properly packaged and labelled.
Gigs and festivals
Most people in the industry will either play gigs or work at festivals. This is how you make most of your money as an electronic dance music artist. You can make anywhere from $1000 to $10,000 per gig, depending on who you are and where you’re playing. Festivals usually pay more than gigs, but they also require more work. You have to be able to DJ for longer sets, and you have to be able to play to a crowd of people who might not know who you are.
To get gigs and festival bookings, you need to have a good press kit and a good reputation. You need to be able to show that you’re a professional DJ who can deliver a good set. You also need to be available to play when the promoter wants you to play. If you’re not available, someone else will get the gig.
To get started, you should look for smaller gigs and festivals that are looking for DJs. Once you have a few credits under your belt, you can start approaching bigger promoters for bigger shows. It’s important to build up a good reputation so that promoters know they can trust you to deliver a good set.
DJing
DJing can be a great way to make money from electronic dance music. In 2017, there are a number of ways to make money from DJing, including:
1. Playing live gigs
2. Producing tracks
3. Selling merchandise
4. Teaching DJing classes
5. Creating mix tapes or podcasts
6. Writing about DJing
7. Promoting club nights or festivals
8. Working as a radio DJ
Producing
If you’re good at making music, you could consider becoming a producer. Producers are the people who create the music itself, either by writing it themselves or working with other musicians. You’ll need to be able to use music production software such as Ableton Live or Logic Pro, and it can be helpful to have a degree in music or a similar field.
There are a few different ways to make money as a producer. One is to sell your tracks to record labels or online stores such as Beatport. Another is to work as a ghost producer, creating tracks for other artists that they then release under their own name. You can also offer your services as a mixing engineer or mastering engineer, helping other producers to make their tracks sound the best they can. Finally, you could also perform live using your own tracks, either as a DJ or live musician.
Conclusion
Now that you know the basics of how to make money from electronic dance music in 2017, it’s time to put your knowledge into action. If you want to be successful, you need to start by finding your niche and then promoting your music to a wider audience. Once you have built up a following, you can start selling your own products and services and even organizing your own events. With dedication and hard work, you can make a great living from electronic dance music.
