How I Make $6,000/Month in Passive Income as a Music Producer

what's up everyone this is ethelenty how are you guys doing today i'm going to talk about four different ways to generate passive income as a music producer and for each of them i'm going to tell you how hard it is to get started how hard it is to make a hundred dollars a month from it and how hard it is to maintain and grow for me and my business as of right now in april 2021 these four sources of income generate about fifteen hundred dollars a week in more or less passive income i'll tell you why the quotes in a second but before we get into the video i feel like i need to put out a little quick disclaimer this took me a long time to get to the point where i am right now and it's gonna take me a long time in the future to get to where i want to be there's no get rich quick scheme there's no like do this for a week and next week you'll be sitting on the couch playing video games making millions of dollars just doing nothing this is not how it works this takes a lot of work time dedication patience and a little bit of frustration all right make sure you hit the like button so we can befriend the algorithm and make sure you watch the video all the way through the last tips are just as good as the first ones i don't want you to miss out all right let's go so what is passive income and why do i love it so much so the reason why i did the quotes at the beginning is because nothing is truly passive it always requires works to maintain it to grow it and to even start it up at the beginning i call passive income anything that detaches time from money so in other words when you work a job even as a music producer where you're paid by the hour by the minute by the week the month or whatever it is your time is directly connected to the money that you make you work a day you make a certain amount you work two days you make double that you work four days you make four times that and there's no way around that passive income is anything that breaks that rule and the reason why i love it is because in a way it allows you to buy back time from society with your work so that you can dedicate that time to something that you truly care about which could be growing your business or doing something else but you are in charge of your own time especially for creative people right now i'm talking to music producers but this applies to anybody that's in the creative space this allows you to monetize your intellect and not just your work all right the first one i'm going to talk about today no surprises here it's youtube i love youtube i have a deep connection with the platform i love making videos i love talking to you guys i love the community this is just the one that i enjoy the most so i put it first on the list now how hard is it to start a youtube channel well the act of creating the youtube channel is super simple the barrier of entry is zero it's free you just click create a channel you pick a name you're ready to go you can just pull up your phone record a video put it up there so super easy to actually create the channel but of course to grow it there's a lot of work that goes into it that is way beyond music and it has to do with video production editing learning how to talk to the camera coming up with content there's a lot that goes into it now let's get to the second question we're gonna try and answer from each of these how hard is it actually to make a hundred dollars a month from youtube well so to even monetize your channel you need to have a thousand subscribers and four thousand watch hours that's just the bare minimum to get the channel monetized if you look it up which i did before shooting this video the average channel takes about 90 videos to get to the monetization point so that's not easy at all so anybody that wants to start a youtube channel and within a week be making a bunch of money that's not how it works it's pretty much virtually impossible it takes time in fact if i were to give you a piece of advice i would say think about at least a year a year and a half of content that you're just putting out with nothing in return but i can guarantee you that it's hard but it's worth it well now let's say that you reached that number and you finally got monetized how hard it is to make a hundred dollars a month the average rpm on youtube which is how much money google actually gives you for one thousand views it's about two dollars this number varies tremendously some channels have like less than a dollar some channel have like 20 plus dollars per thousand views but let's just take the average number for this particular like calculation so with an rpm of two dollars if you wanted to make a hundred dollars you would need 50 000 views which sounds like a huge number but it really is remember it's 50 000 views not just on your last video or your last few videos but on your entire catalog of videos now let's say you've been posting videos for a year you got like 80 90 videos on your channel that means that all those videos combined are generating revenue forever and that's where the passive income comes in for example this video that i made in december of 2020 generated me six hundred and twelve dollars and 36 cents this past month even though we're already in april and it's gonna keep generating money over time for kind of ever and at this point that's truly passive income i don't have to do anything it's just there generating money i don't even have to look at it now let's get to the third question we're gonna try to answer for each of these how hard is it to maintain and grow again it's pretty hard but it gets easier i remember everybody telling me this and now that i'm in this position i can tell you the same thing because it's the truth your first 1000 subscribers is the hardest one to get not only because your channel grows you get more views and so the algorithm is friendlier to you and promotes the videos for you but it's also because you get better at making videos your videos are higher quality your process is streamlined so you're faster you know what you're doing you know how to edit them it doesn't take you a week to make a video and it's just a lot faster more fun honestly of a process here we go with number two which is sample packs first question how hard is it to get started it's super hard not only you have to come up with the idea for the pack but then you have to design all the sounds you have to organize all the sounds you have to commission an artwork or design an artwork which takes forever come up with the concept for a website design the website put the pack on there then come up with a marketing plan to promote the pack there's a ton to do before you can even get the pack ready to be sold and you still haven't sold a single one so i'm not gonna lie it's a ton of work to get started so question number two how hard is it to make a hundred dollars a month from sample packs well if you think about it a well made sample pack you can probably sell it for between 30 and 60 dollars somewhere in that range so let's just take 30 which is the lowest possible price so if you want to make 100 in a month you only have to sell four of them if you think about it for people it's not that many especially if you have a little bit of an audience on social media but even if you don't for people it's not that crazy now of course as with everything else this only works if you can provide real value if the pack is actually truly valuable to people and if the pack is actually truly good now let's move on to question number three how hard is it after you made this hundred dollars to actually maintain it and grow it into something bigger it's actually not that hard like once you made the pack it's on the website it's just sitting there you don't need to do any sort of maintenance or update or anything like that it's just it's sitting there just selling i can guarantee you that as long as it's good and people actually find value in it like they download it and they love it i can guarantee you that it's going to sell as an example my last sample pack trilogy which is link in the description if you want to check it out even though it was released in december of 2020 this past month it generated about three thousand dollars in just completely passive sales people like it people recommend it i make youtube videos people get to see it and the circle continues all right let's go with number three this one is royalties now i do make some money from royalties from a few songs that i did an old tv show that i scored years ago and some other little stuff but i wanted to talk to someone about this that actually makes a living with royalties so let's call up eldre yo what's up dude i'm making this video about passive income and you are the the spotify passive income god for producers how hard would you say is it to start making passive income from royalties and spotify so as far as like you know spotify music streams go i would say it's definitely hard i mean it's not hard to make money because you can't make like a dollar right so if you want to just get your feet wet and just make a couple bucks like it's it's definitely not hard to do that but it it i would say it is hard to like get to the point where you're making like a living from it okay for sure well that that would be kind of like my second question which is kind of how i've been structuring the video how hard would you say it is to make a hundred dollars a month like for example how long did it take you to get to a hundred dollars a month i would say yeah it just depends on like your foundation but for me i made my first hundred dollars when um i got added to like my first playlist right so you know that's kind of going to be different for anybody but yeah i ended up getting like a connection with somebody who knew somebody who knew somebody had a playlist and they added me to their playlist and that's what i got like my first hundred thousand streams right and then so yeah that's how i really got my first over a hundred dollars but before that maybe it was like twenty dollars this one right fifty dollars this month you know what i'm saying once you get that started how hard would you say it is to actually maintain and grow it like do you have to keep posting stuff like it was a youtube channel or have you noticed that just by posting the songs that you have those just keep going that's a good question because it differs on the type of music you make if you want to maintain it you would want to want keep giving the people what they want like what they came to you for so whatever like song that made you go viral or whatever keep giving them something similar to that but as well as just just being consistent overall at the end of the day when it comes to streaming and like just making money i mean the more streams you get the more money you make so the more songs you drop let's say you're getting one stream if you release a million songs in a year so yeah just like with everything else it takes a lot of time to get over that initial slump but once you get through that then it starts piling up because you have a catalog that's just generating money you're making more songs you just keep growing and then it just gets quote unquote easier and easier and like elder said it's also a game of quantity like if you released a million songs and each got one stream each you would still have a million plays but even if you increase the numbers a little bit let's say you're able to get a thousand plays on a song that means that if you release a hundred songs in a year you're gonna have a million plays which is not a ton of money but it's a few thousand bucks and last but not least number four we got selling beats your big catalog let's go with the first question how hard is it to get started well i'm not gonna lie it's actually pretty hard like the practicality of it it's actually really simple you just have to open up a beatstatch account have some beats ready upload them and you're good to go but the hard part is that you need to make incredible beats you have to think about the fact that everyone is selling beats online at this point so literally you're competing with world-class grammy-winning multi-platinum producers from all over the world like that's who you're competing against so your stuff needs to be good you guys know the drill let's move on to the second question how hard is it to make a hundred dollars a month selling beats well similarly to the simple packs it's actually not that hard if you do the math like at least usually goes an mp3 release goes for about thirty dollars so as long as you can sell three or four of them you can get into that hundred dollar range ultimately though and this might be tough to hear but trust me it's constructive criticism ninety percent of the people that are not able to make a single sale over the course of let's say a few months the chances are that their beats are not exactly at the level of quality that they should be so my advice in that situation is to really focus on your sound develop it make it sound better and then focus on selling beats one thing that i know for sure though is that good beats are really rare and when an artist finds a producer that makes beats that fits them and they like the quality they like working with the person they're never going to abandon you they're always going gonna work with you like forever let's move on to question number three how hard is it to maintain and grow that hundred dollars once you got well in my opinion in this case the hardest part is to get started especially if at the beginning you focus your energy on building an email list so everybody that you work with everybody that you get in touch with you try to build an email list then you can build that list over time you can build a real connection with all these people that are part of your list and over time they can become customer they can start trusting you they can see the value in you and the value that you're offering to them and ultimately they will be with you for a very long time well this is it for this one if you enjoyed the video please don't forget the subscribe button notification bell i'll see you guys in the next one and as always be positive and positive things you

Channel: EdTalenti

Views: 287,768

Rating: 4.9443841 out of 5

Keywords: ed talenti, edtalenti, passive income, 2021, music producer, music, producer, income, passive, how to make passive income, passive income 2021, passive income online, passive income ideas 2021, smart passive income, passive income streams, how to make passive income online, how to make money on youtube, passive income 2020, passive income ideas, ali abdaal

Id: vqTv6b1vKwo

Length: 11min 32sec (692 seconds)

Published: Tue Apr 20 2021