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Written by Jaron Lewis
The digital music industry is taking over the music world, making it an appealing option for those artists who want to publish their own music. There have been a lot of people looking at the music industry statistics over the last 10 years.
These digital music sales statistics have allowed for digital music industry analysis that shows us just how the landscape of the music industry has changed over the years. This is important for you to know because this can help you decide how you are going to move forward in your career in the music industry.
First, let’s take a look at some of these notable statistics that you should pay attention to. The most important of these statistics is that in 2013, 45% of the revenue in the global music market game from the digital industry.
This number has increased by 10.2% in 2015. Overall, the industry earned around $6.7 billion. The digital industry is the fastest growing revenue source in the entire industry. In recent years, it was discovered that of this industry 34.3% of the revenue came from the streaming aspect of this industry.
Another important thing to know about these statistics is that it means that there is a decline in the sales of the physical products, meaning the digital industry may be the best option for artists these days.
Now that you know just how big the digital music industry is, you will need to know how you can profit from your music in the digital world. One way that you can do this is through selling an album directly from your own website. You can sell digital and physical copies of your album this way. Another option is to sell both physical and digital copy for a single price. You can do this before the release or even do pre-orders to draw attention to your new album. Checkout these tips on what I did to increase my revenue by 197%.
It is also important to think about the pricing as well as any discounts that you may offer during the time your album is on sale. When people get to your website, you should have a mailing list to keep fans in the loop about your music. A final thing to consider is putting your music on YouTube.
This may not be the first place you think of when you think about music promotion, but it should be. Fans can discover you here and move to purchasing your music on any of the digital sites.
Digital music is definitely a great way to earn money in the music world. There are so many people trying to get the music career of their dreams that getting a record deal may not happen.
The digital music industry is thriving right now and this gives self-published artists the best way to sell their music on their own. If you are just starting out, digital music offers you the opportunity to fulfill your music dreams. Due to the popularity in mobile devices, this industry is only going to grow and you want to be a part of it.
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