How to Make Money
How to Make Money
CONNECT your Merchant Account
Your ability to increase revenue starts when you build a path to get paid.
By connecting your Reward Music platform directly to your bank account, you complete that path and you are now in business.
Just go into your site settings and under "Store", scroll down until you see STRIPE, push the green "connect" button and follow the simple instructions. It’s really that easy to accept payments from your fans that go directly from their credit cards to your bank account.
And we never touch your money.
E-Mail your Fan Base
Your permission base is key to how much you can make, and an easy way to grow your permission base is with email. How many emails do you have? How many emails can you get? Make that a priority.
Get every email you can find and import them into your Reward Music email system.
Then, email them. Talk to them. Talk to them often. If they don’t log on your site during the month, we will automatically send them an email of what they missed by not visiting your site, but you need to first get them inside your platform.
Every fan that joins your site is automatically added to your mailing list.
Sell!
Reward Music offers an industry leading set of tools for you to increase your revenue.
The more products you offer, the more you sell and the more you make.
9 Ways to Make Money
Audio Streaming
Merchandise
Crowd Sourced Funding
Live Stream Video
Podcasting
Tip Jar
Digital File Transfers
Live Video Streaming
At Reward Music, we understand that live performance is the number one way that most artists make money. But not every artist can afford to tour, and not every artist can afford to start a band. That is why we created the ability for artists to stream video behind a paywall. As the digital landscape continues to evolve, it's imperative to capitalize on innovative approaches to content distribution, and Reward Music stands at the forefront of this evolution.
Audio Streaming
Your fans can stream, download and purchase your audio content without ever leaving your platform.
We accept MP3, M4A, FLAC, WAV, AAC and AIFF files formats at the highest quality sample rate and bit depth. Since we don't transcode your files, your audio masters retain their integrity. High fidelity sound is a priority at Reward Music and we make it easy for you to monetize your audio content based on its resolution.
If you’d like your MP3 files to be free, you can do that. If you'd like your high resolution files to be priced higher or change audio pricing based on song length you can do that too! Audio Streaming is integrated into our reporting system which means you can see, in real time, which tracks are being listened to and purchased the most. Your music can finally be accounted for based on the actual source of interaction. Your audio content is subscribable as well.
Tickets
Selling tickets directly on your website allows you to keep more of the profits by avoiding third-party fees and middlemen. You have full control over pricing, promotion, and ticket tiers, giving you the flexibility to create exclusive packages, early-bird discounts, or VIP experiences. By centralizing ticket sales, you can also capture valuable fan data for future events and marketing efforts. Plus, it's convenient for your audience to purchase tickets directly from your site, creating a seamless and personalized experience that can boost sales and engagement.
There are no additional fees to use our ticket system.
Crowd Sourced Funding
Obtaining advance funding for your next project may be crucial to your success.
While there are many crowd source funding tools, none of them run as an integrated part of a fan engagement platform and automatically reward fans with discounts and rewards as they fund your projects. Reward Music does not take a percentage of your money.
Reward Music enables artists to offer their fans the opportunity to get in on the ground floor and have access to exclusive content, such as sneak peaks inside studio sessions, sales of memorabilia or musical instruments and rare performances or demos. Artists can offer private concert engagements, music lessons and other incentives as they prepare to launch their next project.
Every successful crowd sourced campaign starts with a compelling story.
Tell your story the way you want and tell it to your fans directly through Reward Music’s powerful community tools.
When artists and fans work together they can achieve amazing results.
Digital File Sales
While Reward Music can sell video, live video behind a paywall, audio and merchandise, it also has another very useful tool for artists, the ability to sell digital files.
Any Apple Logic, Pro Tools, Dolby Atmos, or other DAW created file can be uploaded and then sold to your fans. If it is a file format that is part of your creative process, Reward Music can probably help you monetize it.
Only Reward Music has this feature because with think how artists think.
Subscriptions
Reward Music powered artist sites feature a seriously powerful tool, the ability to make any content subscribable. Artists have the freedom to visualize new pathways for satisfying their fans. By creating subscribable music and videos, artists can release their best work in more meaningful and exciting ways.
For fans, subscribing to artists directly is the most beneficial way to receive fan rewards. For the price of a cup of coffee per month, fans have the power to make a huge change for artists, and for the entire music industry, by paying artists directly for their work. When artists can't even make minimum wage from conventional streaming, they need all the support they can get from their fans. Reward Music is the answer. And, unlike Patreon, Reward Music doesn’t touch your money or take a percentage.
It's a win for the artists and the fans.
Tip Jar
A tip jar is an effective way to create an additional revenue stream directly from your audience. It allows fans who appreciate your music to support you financially without the need for traditional transactions like album sales or merchandise. Tips are often spontaneous and can add up over time, offering a steady flow of contributions that go straight into funding new projects, enhancing your website, and investing in better production. It also fosters a deeper connection with your audience, making them feel like they’re part of your creative journey.
In essence, a tip jar creates an accessible and low-pressure way for fans to support your work, which can lead to increased engagement and profitability.
Podcasting
With Reward Music everything is in one spot, and podcast hosting is included with all of our other features. Fans already get to see quick glimpses of who you are in the videos, photos and songs that you post. With Podcasting you have the opportunity to regularly give them long-form content, while you can talk about the things that interest you, or maybe a chance to interview those who inspire you.
It can be a new creative outlet while the fans get to sit back and get a new way to feel connected to you. You can upload, host, and play your podcast on your very own website where you can then put it behind a paywall. Or you can put it on your website for free and also send out to other podcast players for it to be listened to there.
With Reward Music, you are in charge.
Merchandise Production
Merchandise can be a major revenue source for artists.
But how do you get it produced? How do you afford to stock inventory?
Reward Music can help artists manufacture and ship their merchandise. From container loads to on demand single unit orders, we can help produce anything you need. Fulfilling orders is a lot of work and Reward Music can handle that burden for you.
With our in house on demand printing system, you don’t have to spend one penny on inventory. Just load your designs into your Reward Music store system and start making profits without investing any money in inventory? We even manage returns and exchanges.
