That happens twice a month. Haha, I am just now uploading my other albums to this account. Also, my newest album is uploaded under RBC Records account who backs Tech 9 and they pay me out every few months as well. The song my right-hand guy and I wrote for Jordyn Jones makes us serious dough.
It was also placed in 2 movies so far and we get paid from the streams on the music video which has nearly 4 million views so far in 2 months. Literally 1 year, 6 days from now. So imagine how much money I make when I release a new project. Like T-shirts and autographed Hard copies of albums. I sell a few of those a week. Not bad. Aside from the TON of free information I provide to upcoming rappers, a lot of rappers hit me up and want personal advice.
This is because I did it all myself, they had someone else do it all for them. And I teach people on Smart Rapper. Your chosen PROs collect all royalties; SoundExchange gathers Digital Royalties every time your music is played on Pandora, satellite radio, or other webcasts. PRO is in-charge of collecting your live performance royalties.
If ever you get the chance to perform an original song, you must report to your chose PRO and verify that you have presented your material. Rappers have a signed deal with the labels wherein they are asked to hand over a considerable sum of their income for the distributor, retailer, manufacturer, record label, and production costs. With all these, rappers barely earn a dollar for every sold copy of the album.
Present, YouTube has become a phenomenal hit for money-making purposes, most notably for video makers, vloggers, and even artists. You can easily earn an income on the platform by allowing advertisements on your YouTube video.
The challenge here lies in your number of subscribers or followers that can help you make a substantial amount of money. This is just about making a huge community that a particular brand would like to achieve. The reason behind this is because artists use their music, which is copyright material. A licensing fee is charged to all venues who wish for rappers to perform their copyright music.
As soon as the venue books artists for a show, they already begin promoting ticket sales. The price of the ticket agreed by both the management who handles the artist and the owner of the venue.
The artist gets paid depending on the performance rate and the probable ticket sales. However, the artist can request for a standard fee or commonly called a guarantee. A guarantee is the least sum that an artist gets. This percentage is above average because the management and the performer gets a hold of their rate based on the popularity of the artist. The amount of money artists get varies, depending on the popularity of the performer. Dre , and P. Although he tops most of the lists of rappers with highest net worth, Forbes puts him on the spot next to Sean Combs.
The average concert attendance this year has gone up to 9, people. It is impossible to tell exactly how many concerts a rapper will do, with cancellations and all, but I am assuming around This means that the average rapper will make 6.
The only problem with this is that touring costs money. On tour, he will need to pay for food, gas, drink, hotels, equipment, transportation, and a roadie crew. What is left? Then, there are all of the other rappers that are on the tour. They need to be paid as well. So, the 5. This means each artist makes 1. All in all, if you are a well respected, mainstream rapper you only make 1. In a recent interview, Will I Am stated that he made far more money once he did the score for an advert with all the creatives, than when he was doing only music.
Stars can be paid to tweet, paid to star in TV or Movie advertising, paid to endorse a product, paid to appear, and more. Once a musician becomes well known, then the fortune companies trip over themselves to have the artist mention their brand.
Many established rappers discovered long ago, that they need to diversify in order to make the big money. They also have decided to own their own music label, as well as other businesses not related to music, such as fashion, clubs, restaurants, water products, alcohol products, headphones and of course, real estate.
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