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.

The SongBoost app, available on Android and iOS, makes it easy for you to track your radio airplay across Africa. Here are 3 reasons why you should install the app and start tracking your radio airplay today.

1. Monetization: Claim Royalties
Collection societies in different countries collect royalty fees from businesses that utilize music for commercial purposes e.g. radio stations, TV stations, hotels, venues, e.t.c. They then periodically distribute these royalties to musicians that have registered as their members. Radio airplay data gives you concrete evidence…