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These are the user uploaded subtitles that are being translated: 1 00:00:00,000 --> 00:00:01,360 what's up it's eldridge today we're 2 00:00:01,360 --> 00:00:02,960 going to be talking about everyone's 3 00:00:02,960 --> 00:00:05,680 favorite topic and that is shmoney 4 00:00:05,680 --> 00:00:07,919 schmeckles bucks 5 00:00:07,919 --> 00:00:11,599 cheddar chicken benjamins dollars blue 6 00:00:11,599 --> 00:00:14,480 cheese money man there's so many words 7 00:00:14,480 --> 00:00:16,880 for it here are five proven ways to make 8 00:00:16,880 --> 00:00:19,119 money as a music producer right now at 9 00:00:19,119 --> 00:00:21,760 this very moment um and when i say 10 00:00:21,760 --> 00:00:24,800 proven i mean these are literally my top 11 00:00:24,800 --> 00:00:27,279 five streams of revenue that i currently 12 00:00:27,279 --> 00:00:28,800 make right now and that i have been 13 00:00:28,800 --> 00:00:30,560 making over the past couple years 14 00:00:30,560 --> 00:00:32,239 because i have been fortunate enough to 15 00:00:32,239 --> 00:00:34,640 make a good amount of money in music and 16 00:00:34,640 --> 00:00:36,160 uh i've been i was broke like three 17 00:00:36,160 --> 00:00:38,000 years ago so without further ado let's 18 00:00:38,000 --> 00:00:40,559 get into number one so number one is 19 00:00:40,559 --> 00:00:42,800 streaming so for the most part my main 20 00:00:42,800 --> 00:00:45,200 source of income has been streaming 21 00:00:45,200 --> 00:00:47,120 royalty so that's all my music on 22 00:00:47,120 --> 00:00:49,280 streaming platforms like spotify apple 23 00:00:49,280 --> 00:00:51,680 music amazon music whatever it may be 24 00:00:51,680 --> 00:00:53,440 and you may hear some discouragement 25 00:00:53,440 --> 00:00:54,800 when you're trying to get into this 26 00:00:54,800 --> 00:00:57,520 because they do pay very very little per 27 00:00:57,520 --> 00:00:58,559 stream 28 00:00:58,559 --> 00:01:00,719 but i've been fortunate enough to get so 29 00:01:00,719 --> 00:01:03,760 many streams that the tiny amounts add 30 00:01:03,760 --> 00:01:05,680 up you know i'm saying and how did i do 31 00:01:05,680 --> 00:01:07,760 this how did i get to this level well 32 00:01:07,760 --> 00:01:10,799 it's a mixture of consistency hard work 33 00:01:10,799 --> 00:01:12,240 and a little bit of luck so i talked 34 00:01:12,240 --> 00:01:14,080 about my come up story and exactly kind 35 00:01:14,080 --> 00:01:16,640 of how i got to where i am in this video 36 00:01:16,640 --> 00:01:18,960 right here about how i fell off but long 37 00:01:18,960 --> 00:01:21,280 story short i was posting music related 38 00:01:21,280 --> 00:01:23,360 content on instagram for years it 39 00:01:23,360 --> 00:01:25,520 started building up a following and then 40 00:01:25,520 --> 00:01:27,280 tiktok came around and as some of you 41 00:01:27,280 --> 00:01:29,119 may know i went viral a bunch of times 42 00:01:29,119 --> 00:01:30,640 on tick tock with a bunch of different 43 00:01:30,640 --> 00:01:32,640 songs and all those songs whether it be 44 00:01:32,640 --> 00:01:35,119 a remix or like a lo-fi instrumental i 45 00:01:35,119 --> 00:01:36,640 would always upload the instrumentals to 46 00:01:36,640 --> 00:01:38,799 spotify and that's kind of how i started 47 00:01:38,799 --> 00:01:40,720 building a following and building up 48 00:01:40,720 --> 00:01:42,880 this catalog of music at this point i 49 00:01:42,880 --> 00:01:45,040 have so much music in so many different 50 00:01:45,040 --> 00:01:47,040 playlists whether it's editorial 51 00:01:47,040 --> 00:01:49,360 algorithmic or personal playlists people 52 00:01:49,360 --> 00:01:52,240 just saving my songs that i pretty much 53 00:01:52,240 --> 00:01:54,720 can just maintain a decent living 54 00:01:54,720 --> 00:01:56,159 there's been some highs there's been 55 00:01:56,159 --> 00:01:58,240 some lows but right now i'm kind of 56 00:01:58,240 --> 00:02:00,320 coast in the middle and again i mostly 57 00:02:00,320 --> 00:02:02,320 do like lo-fi hip-hop instrumentals 58 00:02:02,320 --> 00:02:04,479 which is a very easy listenable 59 00:02:04,479 --> 00:02:06,880 playlistable kind of genre but that's 60 00:02:06,880 --> 00:02:08,640 not the only way to do it but you can 61 00:02:08,640 --> 00:02:10,640 upload any types of instrumentals as a 62 00:02:10,640 --> 00:02:12,800 producer or just music for anybody who's 63 00:02:12,800 --> 00:02:15,040 watching this as an artist but as long 64 00:02:15,040 --> 00:02:17,040 as you can connect it to some kind of 65 00:02:17,040 --> 00:02:19,360 viral content put yourself out there on 66 00:02:19,360 --> 00:02:22,080 tick tock whether it's remixes or just 67 00:02:22,080 --> 00:02:24,239 sampling certain things as long as you 68 00:02:24,239 --> 00:02:26,879 have a decent marketing plan and you're 69 00:02:26,879 --> 00:02:29,040 on all the social media platforms you 70 00:02:29,040 --> 00:02:30,560 can start driving traffic to your 71 00:02:30,560 --> 00:02:32,480 spotify apple music whatever you want 72 00:02:32,480 --> 00:02:35,360 now let's move on to number two which is 73 00:02:35,360 --> 00:02:37,920 brand deals slash youtube but i just 74 00:02:37,920 --> 00:02:40,080 want to say overall content creation 75 00:02:40,080 --> 00:02:41,599 once you start building a following on 76 00:02:41,599 --> 00:02:43,760 all these different platforms eventually 77 00:02:43,760 --> 00:02:45,599 brands will start reaching out the more 78 00:02:45,599 --> 00:02:49,280 subscribers followers views you get 79 00:02:49,280 --> 00:02:50,720 that's the more that these companies 80 00:02:50,720 --> 00:02:53,040 will pay you and this is a decent chunk 81 00:02:53,040 --> 00:02:55,360 of my revenue as a producer but again 82 00:02:55,360 --> 00:02:57,599 this also relies on you being consistent 83 00:02:57,599 --> 00:02:59,200 creating content and all that kind of 84 00:02:59,200 --> 00:03:00,640 stuff as some of you may know when i 85 00:03:00,640 --> 00:03:02,560 first popped off with that disneyland 86 00:03:02,560 --> 00:03:04,000 video where i sample sounds at 87 00:03:04,000 --> 00:03:05,840 disneyland and it went super viral on 88 00:03:05,840 --> 00:03:06,879 twitter 89 00:03:06,879 --> 00:03:10,000 right after that the car company honda 90 00:03:10,000 --> 00:03:12,879 reached out to me out of nowhere and 91 00:03:12,879 --> 00:03:14,959 they paid me like six thousand dollars 92 00:03:14,959 --> 00:03:17,440 to go to their dealership and sample 93 00:03:17,440 --> 00:03:19,760 sounds around the cars and make these 94 00:03:19,760 --> 00:03:22,239 little holiday jingle lo-fi beats and 95 00:03:22,239 --> 00:03:24,000 then right after that like right off of 96 00:03:24,000 --> 00:03:26,239 the buzz of that same disneyland video 97 00:03:26,239 --> 00:03:28,879 samsung reached out to me flew me out to 98 00:03:28,879 --> 00:03:31,280 ces in vegas paid for the hotel and 99 00:03:31,280 --> 00:03:33,200 everything and they paid me like nine 100 00:03:33,200 --> 00:03:35,920 thousand dollars just to do a similar 101 00:03:35,920 --> 00:03:38,640 thing i went around i was like a i was a 102 00:03:38,640 --> 00:03:40,879 big time influencer bro i had to post 103 00:03:40,879 --> 00:03:43,200 instagram stories tweets and a youtube 104 00:03:43,200 --> 00:03:45,440 video and i sampled some sounds around 105 00:03:45,440 --> 00:03:47,599 the samsung exhibit or whatever which 106 00:03:47,599 --> 00:03:49,360 was a great experience because i've 107 00:03:49,360 --> 00:03:51,040 always wanted to go to ces i'm a tech 108 00:03:51,040 --> 00:03:52,480 nerd shout out to my guys out there 109 00:03:52,480 --> 00:03:54,560 mkbhd and all that and also to note at 110 00:03:54,560 --> 00:03:56,400 that time i didn't have like an agent or 111 00:03:56,400 --> 00:03:59,200 a manager or any negotiation skills or 112 00:03:59,200 --> 00:04:01,120 anything like that so pretty much they 113 00:04:01,120 --> 00:04:03,120 just kind of ask you what's your what's 114 00:04:03,120 --> 00:04:05,200 the budget what's the price and i just 115 00:04:05,200 --> 00:04:07,519 gave them the numbers out of thin air 116 00:04:07,519 --> 00:04:10,080 almost but that being said all both of 117 00:04:10,080 --> 00:04:11,760 those opportunities just came from that 118 00:04:11,760 --> 00:04:13,519 one video that i happened to post on 119 00:04:13,519 --> 00:04:15,280 twitter which by the way i wasn't even 120 00:04:15,280 --> 00:04:16,959 gonna post on twitter like it was for 121 00:04:16,959 --> 00:04:19,120 tick tock but hey and that's not even 122 00:04:19,120 --> 00:04:20,880 from youtube once you start getting a 123 00:04:20,880 --> 00:04:22,880 certain amount of views and subscribers 124 00:04:22,880 --> 00:04:25,280 you get paid off of youtube ads directly 125 00:04:25,280 --> 00:04:27,280 from youtube now for me that's probably 126 00:04:27,280 --> 00:04:29,199 one of my lowest streams of income but 127 00:04:29,199 --> 00:04:31,759 it's there and then also as a producer 128 00:04:31,759 --> 00:04:33,360 you know there's plug-in companies 129 00:04:33,360 --> 00:04:35,199 different types of music companies that 130 00:04:35,199 --> 00:04:37,919 will reach out and pay you to promote 131 00:04:37,919 --> 00:04:39,520 their product for them and honestly you 132 00:04:39,520 --> 00:04:41,840 don't even have to be like a huge top 133 00:04:41,840 --> 00:04:44,160 level youtube producer like as long as 134 00:04:44,160 --> 00:04:46,240 you have a community of people a few 135 00:04:46,240 --> 00:04:48,400 hundred like a few thousand views you 136 00:04:48,400 --> 00:04:50,479 can still make these companies money and 137 00:04:50,479 --> 00:04:51,919 they know that and they'll pay you for 138 00:04:51,919 --> 00:04:54,240 that which brings me to number three 139 00:04:54,240 --> 00:04:56,400 making your own products so once these 140 00:04:56,400 --> 00:04:57,840 brands are hitting you up and you 141 00:04:57,840 --> 00:04:59,440 realize you're making them money you're 142 00:04:59,440 --> 00:05:00,880 gonna it's gonna click into your head 143 00:05:00,880 --> 00:05:01,840 like huh 144 00:05:01,840 --> 00:05:03,199 if i can make them money why can't i 145 00:05:03,199 --> 00:05:04,720 make myself money and that's when 146 00:05:04,720 --> 00:05:06,000 producers start to make their own 147 00:05:06,000 --> 00:05:08,479 products like sample packs or plugins 148 00:05:08,479 --> 00:05:10,800 you got legends in the game like decap 149 00:05:10,800 --> 00:05:13,039 with his drums at knox series making the 150 00:05:13,039 --> 00:05:15,199 big bucks you got bigger youtubers like 151 00:05:15,199 --> 00:05:17,680 simon cerveda kyle beats simon savita 152 00:05:17,680 --> 00:05:19,680 has a plug-in he has a chorus and he has 153 00:05:19,680 --> 00:05:21,520 sample bags whatever it may be 154 00:05:21,520 --> 00:05:23,680 consultations anything as long as you 155 00:05:23,680 --> 00:05:25,360 got a group of people that trust you and 156 00:05:25,360 --> 00:05:27,120 you have knowledge to give value to 157 00:05:27,120 --> 00:05:29,039 share you can start selling your own 158 00:05:29,039 --> 00:05:30,800 products and again for me this isn't 159 00:05:30,800 --> 00:05:32,639 even a high priority 160 00:05:32,639 --> 00:05:35,199 um revenue stream for me but that being 161 00:05:35,199 --> 00:05:38,479 said my lj drum kit series does do very 162 00:05:38,479 --> 00:05:40,800 well for me when i drop it but when i'm 163 00:05:40,800 --> 00:05:42,880 not dropping that i mean to be honest 164 00:05:42,880 --> 00:05:46,000 though my website prodbyeldre.com it 165 00:05:46,000 --> 00:05:48,240 brings in at least one to two thousand 166 00:05:48,240 --> 00:05:50,400 dollars a month without me really having 167 00:05:50,400 --> 00:05:52,880 to drop anything new it's kind of just 168 00:05:52,880 --> 00:05:54,880 like all the youtube videos i have 169 00:05:54,880 --> 00:05:57,199 promoting sample packs on the website 170 00:05:57,199 --> 00:05:59,520 just kind of all trickles and now i have 171 00:05:59,520 --> 00:06:02,240 this somewhat passive income that you 172 00:06:02,240 --> 00:06:04,240 know i drop new stuff make a little 173 00:06:04,240 --> 00:06:06,080 cheddar here and there but it's still 174 00:06:06,080 --> 00:06:08,400 nice to have so imagine if i dedicated 175 00:06:08,400 --> 00:06:10,000 my time to this and this was my top 176 00:06:10,000 --> 00:06:11,840 priority the possibilities are endless 177 00:06:11,840 --> 00:06:14,479 on that note let's go to number four 178 00:06:14,479 --> 00:06:16,880 sync licensing sync licensing if you 179 00:06:16,880 --> 00:06:18,240 don't know what it is it's pretty much 180 00:06:18,240 --> 00:06:20,560 just getting your music in like tv 181 00:06:20,560 --> 00:06:22,319 movies and commercials and stuff like 182 00:06:22,319 --> 00:06:23,680 that i've done some work for like 183 00:06:23,680 --> 00:06:25,120 commercials 184 00:06:25,120 --> 00:06:27,600 uh tick tocks social media ads and stuff 185 00:06:27,600 --> 00:06:29,600 like that and with this there's a huge 186 00:06:29,600 --> 00:06:31,680 range of like how the payment goes like 187 00:06:31,680 --> 00:06:33,199 you can go from being paid really low to 188 00:06:33,199 --> 00:06:35,199 be being paid like a really fat check 189 00:06:35,199 --> 00:06:36,960 because i know for me for transparency's 190 00:06:36,960 --> 00:06:39,120 sake i've been paid anywhere from like 191 00:06:39,120 --> 00:06:41,919 1800 to 15 000 192 00:06:41,919 --> 00:06:43,919 for a certain project and for me this is 193 00:06:43,919 --> 00:06:45,919 kind of like a back of the mind if the 194 00:06:45,919 --> 00:06:47,840 opportunities come they come type of 195 00:06:47,840 --> 00:06:50,000 situation so imagine if you were someone 196 00:06:50,000 --> 00:06:52,160 who dedicated your entire life to this 197 00:06:52,160 --> 00:06:54,000 line of work i'm sure you could be 198 00:06:54,000 --> 00:06:56,160 making some big bugs and that brings us 199 00:06:56,160 --> 00:06:57,919 to number five 200 00:06:57,919 --> 00:06:59,840 i saved this one because it could be a 201 00:06:59,840 --> 00:07:02,560 little controversial but number five is 202 00:07:02,560 --> 00:07:05,599 nfts so the reason why i saved this for 203 00:07:05,599 --> 00:07:08,800 the end is because the nft space is 204 00:07:08,800 --> 00:07:11,199 super new it's really confusing for a 205 00:07:11,199 --> 00:07:13,360 lot of people there's a high barrier to 206 00:07:13,360 --> 00:07:15,280 entry because you kind of have to know 207 00:07:15,280 --> 00:07:17,360 what you're doing you can easily get 208 00:07:17,360 --> 00:07:19,599 scammed there's there's a lot of cons to 209 00:07:19,599 --> 00:07:22,560 it but the pros the pros are very high 210 00:07:22,560 --> 00:07:24,800 as well so a little back story earlier 211 00:07:24,800 --> 00:07:26,960 this year i started a music slash art 212 00:07:26,960 --> 00:07:29,599 nfc project with my guy cody a banks 213 00:07:29,599 --> 00:07:31,759 called lo-fi guys so we built a really 214 00:07:31,759 --> 00:07:34,080 cool community really cool project in 215 00:07:34,080 --> 00:07:35,840 the first couple of months we've nearly 216 00:07:35,840 --> 00:07:38,000 made half a million dollars which is 217 00:07:38,000 --> 00:07:39,360 like 218 00:07:39,360 --> 00:07:42,319 insane bro like i'm telling you insane 219 00:07:42,319 --> 00:07:44,160 so but the reason why i put it low on 220 00:07:44,160 --> 00:07:46,160 the list even though like it's made me 221 00:07:46,160 --> 00:07:48,160 more money than like 222 00:07:48,160 --> 00:07:50,720 anything else i've ever done in such a 223 00:07:50,720 --> 00:07:53,039 short period of time is because it's 224 00:07:53,039 --> 00:07:55,280 it's it's not easy to get into like i 225 00:07:55,280 --> 00:07:56,319 would just want to give a huge shout out 226 00:07:56,319 --> 00:07:58,479 to my guy cody like the art for this is 227 00:07:58,479 --> 00:08:00,400 really fire and eye-catching and you 228 00:08:00,400 --> 00:08:02,160 know i just kind of have a know-how with 229 00:08:02,160 --> 00:08:04,080 like marketing or whatever it may be so 230 00:08:04,080 --> 00:08:05,599 we ended up building something really 231 00:08:05,599 --> 00:08:07,759 cool together but that being said it 232 00:08:07,759 --> 00:08:10,639 almost all kind of relies upon the web 3 233 00:08:10,639 --> 00:08:12,800 culture which is kind of like it's more 234 00:08:12,800 --> 00:08:14,720 of a like investing space where it's 235 00:08:14,720 --> 00:08:16,800 kind of like you got day trader type 236 00:08:16,800 --> 00:08:19,840 people and you know a lot of fomo and 237 00:08:19,840 --> 00:08:22,160 everything you do in that space is based 238 00:08:22,160 --> 00:08:24,160 on how the market's doing so 239 00:08:24,160 --> 00:08:26,080 back when we made the most of the money 240 00:08:26,080 --> 00:08:28,080 when everything was super fun and going 241 00:08:28,080 --> 00:08:30,160 crazy was when ethereum which is the 242 00:08:30,160 --> 00:08:32,399 cryptocurrency that the nfts are made on 243 00:08:32,399 --> 00:08:34,000 it was high it was like almost at its 244 00:08:34,000 --> 00:08:36,000 peak at the time that we started and 245 00:08:36,000 --> 00:08:38,159 then towards like our third round of it 246 00:08:38,159 --> 00:08:41,200 the market crashed so just the simple 247 00:08:41,200 --> 00:08:43,039 fact that the value of the currency 248 00:08:43,039 --> 00:08:45,440 really fluctuates that really controls 249 00:08:45,440 --> 00:08:48,160 how much money like usd that you can 250 00:08:48,160 --> 00:08:49,600 make from this and when the market 251 00:08:49,600 --> 00:08:51,600 crashed a bunch of people lost a bunch 252 00:08:51,600 --> 00:08:53,200 of money a bunch of people left the 253 00:08:53,200 --> 00:08:55,440 space and now if you're gonna start a 254 00:08:55,440 --> 00:08:58,080 new project it is a lot more difficult 255 00:08:58,080 --> 00:08:59,920 to get it off the ground and do 256 00:08:59,920 --> 00:09:02,720 something crazy successful but it's such 257 00:09:02,720 --> 00:09:05,120 a huge chunk of my income from this year 258 00:09:05,120 --> 00:09:06,959 i had to let you guys know that if 259 00:09:06,959 --> 00:09:08,399 there's somebody out there that has an 260 00:09:08,399 --> 00:09:10,640 insane idea that could change lives or 261 00:09:10,640 --> 00:09:12,560 just really knows what they're doing and 262 00:09:12,560 --> 00:09:15,120 you get inspired by this then go for it 263 00:09:15,120 --> 00:09:16,640 but just use caution that's all i'm 264 00:09:16,640 --> 00:09:18,399 saying it's not a get rich quick scheme 265 00:09:18,399 --> 00:09:20,720 but you can get rich quick so do what 266 00:09:20,720 --> 00:09:22,240 you want with that information but yeah 267 00:09:22,240 --> 00:09:24,959 i mean that kind of wraps up my top five 268 00:09:24,959 --> 00:09:27,120 things that i currently am actually 269 00:09:27,120 --> 00:09:29,519 making money from but there's a ton i 270 00:09:29,519 --> 00:09:31,279 mean i've done videos on it in the past 271 00:09:31,279 --> 00:09:33,360 like i started selling beats on beat 272 00:09:33,360 --> 00:09:35,680 stars you can you can sell beats you can 273 00:09:35,680 --> 00:09:38,399 work with artists you can get placements 274 00:09:38,399 --> 00:09:40,080 you can do work for higher work if you 275 00:09:40,080 --> 00:09:42,640 play guitar if you play piano you can 276 00:09:42,640 --> 00:09:44,800 make samples for a living you can go on 277 00:09:44,800 --> 00:09:46,880 fiverr there's a lot of opportunities on 278 00:09:46,880 --> 00:09:48,640 fiverr you can be a guy that plays 279 00:09:48,640 --> 00:09:50,480 guitar on other people's tracks a few 280 00:09:50,480 --> 00:09:52,160 hundred dollars a time but the whole 281 00:09:52,160 --> 00:09:54,800 point of this video is just get creative 282 00:09:54,800 --> 00:09:56,720 don't let anybody say like oh you can't 283 00:09:56,720 --> 00:09:58,000 make money in music because it's 284 00:09:58,000 --> 00:10:00,800 definitely possible but it is very very 285 00:10:00,800 --> 00:10:03,120 hard and a lot of the things i mentioned 286 00:10:03,120 --> 00:10:06,079 are all based on being someone like me 287 00:10:06,079 --> 00:10:09,040 who is very content savvy i would say 288 00:10:09,040 --> 00:10:10,800 like i've been making videos like 289 00:10:10,800 --> 00:10:12,640 forever i have a lot of know-how with 290 00:10:12,640 --> 00:10:14,000 that kind of stuff so if you're somebody 291 00:10:14,000 --> 00:10:15,360 who doesn't like being in front of a 292 00:10:15,360 --> 00:10:17,279 camera and creating content 293 00:10:17,279 --> 00:10:19,040 a lot of these things that i said here 294 00:10:19,040 --> 00:10:20,959 that i'm making money off might not even 295 00:10:20,959 --> 00:10:24,079 apply to you but that being said if you 296 00:10:24,079 --> 00:10:26,160 really want to make money you might want 297 00:10:26,160 --> 00:10:29,040 to get on camera so take what you want 298 00:10:29,040 --> 00:10:31,120 from that info but yeah i think that's 299 00:10:31,120 --> 00:10:32,560 it that wraps it up so thanks for 300 00:10:32,560 --> 00:10:34,480 watching if you guys would like to help 301 00:10:34,480 --> 00:10:36,800 me continue make money go on my website 302 00:10:36,800 --> 00:10:39,600 cop some sample packs stream my music i 303 00:10:39,600 --> 00:10:41,839 can't do it without you guys so thank 304 00:10:41,839 --> 00:10:44,079 you guys for paying my rent i appreciate 305 00:10:44,079 --> 00:10:47,440 you guys i love you all and hopefully i 306 00:10:47,440 --> 00:10:48,880 can come up with some more ideas for you 307 00:10:48,880 --> 00:10:50,160 guys to make money and maybe we'll make 308 00:10:50,160 --> 00:10:53,040 some money together who knows but 309 00:10:53,040 --> 00:10:56,959 peace out um stay positive22294

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