How long did it take you to reach 4 figure PRO payments?

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Viewing 9 posts - 21 through 29 (of 29 total)
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  • #39767 Reply
    SMCM
    Participant

    Mostly stuff on the “cinematic” side of things as opposed to pop. Orchestral drama, electronic tension, orchestral comedy, etc. The more “film score”-esque genres.

    #39768 Reply
    Vasim
    Participant

    How many statements did it take for the full timers to quit your day jobs.

    #39769 Reply
    Music1234
    Participant

    If you have:
    1. a lot of Talent
    2. are alligned with the right music libraries that really get your music on air
    3. know how to create multiple revenue streams with your music catalog
    4. produce 50 to 100 very useful tracks a year for about 7 years straight
    5. Stumble upon lucky career breaks, where you land a few placements that really produce high royalty payouts….

    I think you may be able evolve into a full time music producer after probably 7 years.
    I do not think you can pull it off if you just write cues for exclusive music libraries and then give them total control of the intellectual property in perpetuity, allow them to collect Content ID, and disallow yourself from selling on direct licensing markets.

    Multiple revenue streams has been the key for me. Had I just sent cues only to my best performing publisher/library, my music composition income would probably be only 25% of what it is today.

    Also annual salary needs vary greatly from person to person. I have two tuitions to pay next year so my royalties are going into my bank account and the directly to university bank accounts. Love it! LOL!

    A single person in their early 30’s may be fine with $50,000 in music royalties.

    My advice: don’t ever quit your day job. I still seek revenue and income from other non music related activities.

    #39770 Reply
    LAwriter
    Participant

    Similar but a bit different here. I’ll modify a bit…..

    If you have:
    1. a lot of Talent
    2. are alligned with the right music libraries that really get your music on air
    3. know how to create multiple revenue streams with your music catalog
    4. produce 200+ very useful tracks a year for about 10 years straight
    5. Stumble upon lucky career breaks, where you land a few placements that really produce high royalty payouts….

    I think you may be able evolve into a full time music producer after probably 10 years.

    So many variables though. Where you are located being one. How old you are being the second. Married with kids being the third. Mortgage of your own or living with a friend/family being a fourth. Have a wife/SO with a killer income being another…. So many variables. And again, I’d underscore – don’t quit the day job!! This industry is closer to crumbling than exploding at this stage. Hedge those bets.

    #39772 Reply
    Michael Nickolas
    Participant

    >Also annual salary needs vary greatly from person to person.<

    True. And doing this full time could require sacrifices some may be unable or unwilling to make…

    #39773 Reply
    SMCM
    Participant

    In response to Vasim, it was my 8th quarter/statement when I felt comfortable putting in my notice for my day job.

    #39774 Reply
    Dannyc
    Participant

    i reached over 4 figures after 3 years of receiving my first royalty check. but i have a ridiculously small number of tracks out there in rotation, just over 100 cues between 3 or 4 publishers. need to get way more productive in this game to make those bigger royalty amounts.

    #39775 Reply
    uniqueplace
    Participant

    Hello

    if you’re not reaching the 4 figures with 400 tracks. there is an issue.

    Either you bet on the wrong publisher (they are bad and dont do anything with your music) or you are not writing the good music style wanted by TVs.

    #39784 Reply
    daveydad
    Participant

    MY first PRO payout was a HUGE $14 back in 2014! It took about 5 years to start seeing at least $1000 per quarter but I would do things differently now. I started out in the RF field but have since totally abandoned it. I now average $2500 to $3000 per quarter… not rich by any means, but it helps to nicely supplement my other income.

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