The digital side is scrambling for creatives in 2021
From selling physical goods like yoga mats to creating digital assets like digital music to the burgeoning non-fungible token (NFT) market, I’ve been able to monetize my creativity in a number of ways with just one login. Internet. During the process, I was also able to quit my corporate job.
Technological advances offer new opportunities for creatives to monetize their art. From the booming NFT market to the bustling world of e-commerce, many artists are finding lucrative ways to monetize their art in the digital realm. Whether you are a painter or a musician, there are many channels online that can help you make a living doing what you love. Here’s how the best creatives do it on the web.
Turn your art into NFT
You might ask yourself, “Wtf is an NFT?” Non-fungible tokens have recently seen a surge in popularity and are a new way for artists to make money. it is the next step in our highly technical market. You may have heard of Jack Dorsey’s first tweet sold for almost $ 3 million or the Nyan cat GIF sold for over half a million.
Digital performance artists, like the popular Twitter Elon Musk is bored (who collaborates with the author) have sold hundreds of thousands of digital works of art. The artist tells Fast business that “NFTs and the wider digitization of content have made it much easier for artists to monetize their brand, control authenticity and benefit from aftermarket sales. The gatekeeper between artists and clients is no longer intermediaries like galleries or agencies, but rather the time and patience required to learn this technology, and it is a much easier door to cross.
Using design, animation and sound, BEM sells its art, alongside its collaborators, to the highest bidders. This is an example of how artists (especially those with audiences) can use NFTs to monetize their art in the digital age, but it can also help develop your audience as an artist.
Some NFT platforms even allow you to set a “creator’s share” royalty (between 10% and 30%) on a part. so every time you make a sale to a new buyer, you get a percentage of the purchase price. As you build your name and gain recognition and your work increases in value and desirability, you can still collect royalties down the road.
“The NFT space is still in its infancy, which provides a tremendous opportunity for creatives to innovate, experiment and capture the first player advantage,” says Masha Vyazemskya, communications manager at Scarcity, an NFT platform. “Marketplace offers a variety of tools for artists to realize their creative potential: several file formats (animation, video, music, etc.), different types of auctions, unlockable content to gamify the experience and entice buyers, and much more. It’s fun and very community driven.
Streaming options are available everywhere, and these options allow unprecedented access for fans and artists, creating new revenue streams. If you have an internet connection, you have the option to stream live content. You can also use dedicated live streaming services like Twitch, TikTok, OnlyFans, etc. to promote and display your creative endeavors in (and benefit from) multiple ways. Musicians, writers, gamers and visual artists adapt their craft to everything from painting to pole dancing and use streaming to monetize their efforts. They share thoughts, processes, projects, frustrations, joys and successes with a live audience, simply providing access to their daily lives as artists.
Patrick Tsao, CEO of Music, explains: “Today, musicians can benefit from having access to their creative process. A good example is Sereda, she earns $ 4,500 per month from her followers during her Twitch songwriting sessions. It adds a new source of income by broadcasting it daily. There are tons of new and exciting outlets for artists, and chances are you’ve already signed up for one of these outlets.
What if you’re shy in front of the camera? You can also monetize in the form of audiobooks and music releases. I have been able to make money with my music through streaming services like Spotify and digitally selling my work online to others. Many musicians use platforms like Fiverr and SoundBetter to profitably sell their audio work.
If you have a knack for writing, eBooks provide a way for you to monetize your work. According to the Association of American Publishers, 2020 saw a more than 15% increase in e-book sales, eclipsing $ 1 billion during the year, and those numbers are expected to hold up for the foreseeable future. Self-publishing platforms like Substack also allow writers to get a larger share of the proceeds from their digital sales.
Jordan French, President of Daily Grit News, an outlet focused on brands and startups suggests, “To start monetizing your writing profession, you need to determine your audience. Perhaps counterintuitively, the narrower the better. By focusing on a specific footprint, it is much easier to be a “known quantity” for those who want to market. This will help you determine the best way and where to market your work.
In addition, the more specific and narrow your market, the more likely you are to be in Amazon’s “10 best sellers” list, thereby increasing the visibility of your eBooks. Additionally, through Amazon KDP (Kindle Direct Publishing), you can self-publish your manuscript and sell your ebook without having an ISBN, also creating a source of passive income.