I'm a musician and can relate to the Kindle Unlimited problem. It's very difficult to make any money streaming. No one buys albums at all anymore. Spotify pays .007 per song play. So if someone listens to your 10 song album. You get about 7 cents..... it's outrageous.
And that's if you do it independently. That might be an hour of someone's time. Sure, there is replay value, but to even come close to what is make on selling an album (where i make about 7 bucks). You're talking 1000 streamed songs to make 7 dollars.
Which means you need a million steamed songs a month to make 7000 a month.... and that's if you do everything yourself. Have a band and multiply that by everyone involved.
At least in music you can also perform in music, but that's not passive at all, and it hasn't kept up with inflation at all. The same clubs that paid 200 bucks in the late 70s; pay 200 bucks now.
I hope writing doesn't go the same path, but it seems it is already on its way.
And that's if you do it independently. That might be an hour of someone's time. Sure, there is replay value, but to even come close to what is make on selling an album (where i make about 7 bucks). You're talking 1000 streamed songs to make 7 dollars.
Which means you need a million steamed songs a month to make 7000 a month.... and that's if you do everything yourself. Have a band and multiply that by everyone involved.
At least in music you can also perform in music, but that's not passive at all, and it hasn't kept up with inflation at all. The same clubs that paid 200 bucks in the late 70s; pay 200 bucks now.
I hope writing doesn't go the same path, but it seems it is already on its way.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today