You can make as much money from music videos as the platform you host them on permits.
For example, that would be about $7 per 1000 views on Vevo and an average of $3 – $5 per 1000 views on YouTube. That doesn’t sound too exciting, but did you know that there’s another way?
In fact, there are THREE business models you can use to monetize your music videos.
- Ad-Supported Video on Demand (AVOD)
- Transactional Video on Demand (TVOD)
- Subscription Video on Demand (SVOD)
YouTube/Vevo is ad-supported (AVOD) which is why the revenue is so low AND remember…
You only get a percentage of the ad revenue on your videos (usually less than 50%).
Although Vevo may seem better, I’m telling you that there’s a MUCH BETTER alternative…
The distribution service Vimeo offers is the best way to make money from your music videos in 2021. With Vimeo on Demand, you’ll get to choose between every form of monetization (AVOD, TVOD and SVOD) and also have access to Vimeo OTT/Vimeo Live Pay-Per-View.
Depending on how you plan your strategy, you can potentially earn $260 per 1000 views on platforms like Vimeo.
So, if you want to learn how to REALLY make money from music videos, then keep reading…
- How To Monetize Your Music Videos on YouTube
- How To Monetize Your Music Videos on Vevo
- How To Monetize Your Music Videos on Vimeo
- Summary: Can you make money from music videos in 2021?
How To Monetize Your Music Videos on YouTube
Uploading your music video(s) on YouTube is definitely easy, but is it the best way to make a sustainable living from your work?
Just to be clear, music videos can also be live performances.
That being said, YouTube definitely has the tools (video hosting, live streaming, etc…) you need to host your content, BUT…
Does it have everything you need to MONETIZE your content?
Traditionally, the only way to monetize your music video(s) on YouTube was through ad revenue.
However, most content creators overlook the new monetization options that YouTube has introduced in recent years. For example…
- Paid Subscriptions
That being said, is it really beneficial if you’re ONLY releasing music videos?
I personally think that these additional forms of monetization are great for “YouTubers”, but I still don’t think that YouTube is the best platform to host your music videos.
What about Vevo though? It’s still on YouTube, so it must be good…
Well, did you know that Vevo also has its own streaming platform/website?
How To Monetize Your Music Videos on Vevo
You’ve most likely watched music videos on YouTube that were from “Vevo” channels.
Getting your own Vevo channel is actually much easier than expected.
Here are a few places you can check out if you’re interested…
- EMPIRE Distribution
- Ditto Music
- Seed Worldwide
- Symphonic Distribution
- InnerCat Music Group
- Gotham West
Ditto Music is one of the most affordable ways to do that AND distribute your music.
However, remember that you’ll only make an average of $7 per 1000 views. That’s only slightly higher than YouTube and it only takes place if fans watch your video on Vevo’s platform.
Sure, it’s nice to have a Vevo channel on YouTube, but is it really worth it?
The only thing I personally like about Vevo is that it can also distribute your music video to an extensive list of syndication partners which can be FOUND HERE.
That’s an excellent way to get some exposure, but will it really work for you?
How To Monetize Your Music Videos on Vimeo
The most sustainable way to make money from music videos is by using Vimeo.
As I stated in the introduction, Vimeo offers a much more comprehensive list of services for content creators than YouTube/Vevo…
- Transactional (Pay-Per-View)
You’re already with ad-supported video hosting platforms like YouTube and Vevo, but Vimeo is much more like internet radio. That’s if you go with a subscription-based model.
If that’s the case, you’ll need to create LOTS of content to keep your subscribers tuned-in.
If your act is more of performance, then you might prefer the Vimeo Live Pay-Per-View option which is essentially a transactional-based business model.
Think of it like selling tickets to a show…
That being said, Vimeo has all the tools you need to host your own live streams. It even offers Vimeo OTT to content creators looking for a branded solution.
For example, Vimeo OTT allows you to create a branded viewing experience (an app) for Android, iOS, Apple TV, Roku and more.
That’s how you can make MORE MONEY with your music videos on Vimeo.
Summary: Can you make money from music videos in 2021?
It might seem enticing to use the conventional YouTube/Vevo to host your music videos, BUT…
It’s much better to go with Vimeo if you’re in it for the long run.
If you TRULY want to make a sustainable living from your music videos/performances, then you should consider different forms of monetization (ad-supported, subscription and transactional).
However, it’s definitely not a bad idea to start with YouTube/Vevo first.
If the channel works, that’s when you should start thinking about scaling it by using the solutions that Vimeo offers to content creators.
Until then, I strongly recommend reading some other articles I’ve written on the subject of monetizing your music-related endeavours…
- Can you make money from music streaming in 2021?
- Can you make money with a music blog in 2021?
- Can you make money from music licensing in 2021?
If you have any questions about what you’ve read today, feel free to drop me a line in the comments and to share your own experiences in regards to monetizing music videos.