Since Apple introduced the iPod in 2001, major labels have gradually lost control of the market. They’re no longer the gatekeepers to success they once were. In fact, with the rise of social media, smartphones and streaming services, it has become unnecessary to sign a record deal.
According to the Mirror, Emma McGann is a 25 year old struggling singer who beat George Ezra in the charts, and she’s nipping at the heals of global superstar Ed Sheeran. She started as a local artist performing in clubs and talent shows, but she was unable to attract the attention of major labels. So, she decided to start performing online from her bedroom using a website called YouNow.com. Since October 2014, she has generated 70,000 followers and her debut hit “You Mess Me Up” has reached number 14 in the UK charts. She now makes over £2,000-a-month performing live streaming gigs from her bedroom. Amazing!
YouNow.com is a live video streaming service, which anyone can join and create a channel to discuss any topic, play music or whatever. Essentially, it’s your own broadcast channel, which anyone in the world can watch without logging in. It’s like having your own cable channel and people can tip you using bitcoin. Viewers can search topics including music channels, which feature a number of live streaming artists 24/7. It’s a huge opportunity for musicians to reach a global audience without a major label.
Lindsey Stirling is a dub step violinist who made $6 million on YouTube without a record label. According to aux, the major labels decided not to sign her in 2007. So she created her own YouTube channel. Her Wild Wild West and Game of Thrones inspired videos have built a huge online following. She makes her money through ad revenue, direct music sales, sponsorships and live performances. The major labels are desperate to sign her now.
This bottom line is, opportunities for musicians to generate revenue online are only limited by imagination and sweat equity. So grab your instrument, create a marketing plan and start making money.