Royalties is the money you receive from streaming platforms or collection societies like UPRS and MCSK. Don’t be discouraged if the amounts are small at the start. Royalties generally are not for bills. Your bills should be covered by gigs/shows/concerts during your prime.

Royalties should be invested into a Unit Trust Fund. These Funds invest small amounts and returned with interest. The new amount with interest is then reinvested and returned with interest. Compounding is earning interest on interest and is a powerful way to grow value. With compounding, even small amounts can grow over time. So now let’s see how to make some money.

First and most important; If you’re serious about progress, hire a manager, a promoter, and monitor your music. The manager and promoter will move your music much faster than you can on your own. It’s very difficult to break into the top positions while working alone, and without data. Study the charts and see. Let’s dive into the tips.

Once your new song is out, the work has just began. To give this song a good shot at success, these 5 actions should form your immediate to-do list.