Issue link: https://takingitglobal.uberflip.com/i/1350781
D A K O T A B E A R 54 LESSON 8: REVENUE AND FUNDING "As a musician, as an artist, myself, a hip hop artist, it's important to know where I'm going to be getting paid from. It's also important to know how I can access funding to launch some of my projects, because as an artist, a hip hop artist, there are so many costs for me." In this lesson we are going to be talking about revenue streams and funding streams. Studio recordings and music videos cost money, though in the first year you won't have to worry about that. REVENUE STREAMS: Performances You can make money off of your shows either through SOCAN (a publishing company) or by negotiating fees with the promoter. Radio Play Every time that your song gets played on the radio, SOCAN is going to bank some of that money for you. Then they're going to cut you a check and deliver the money that you're making off of your radio streams. Merchandise Learn how to silkscreen print yourself through YouTube tutorials. Get somebody to build you a screen. Workshops and Speaking Speak about and teach what you know as you become more advanced and have more to offer. Distribution Your distributor (Dakota uses DistroKid) will pay you for the number of times your songs are played online. Grants "Grant writing is extremely important." Research what grants are available to you as an artist or Indigenous artist to support the costs of EPS, albums, music, and anything music business related. Canada Council has a portal where, as an Indigenous person, you can access funds to start your album or your next short-term project. The smallest grant that they have is for $3,000 which can be helpful when you're recording an album or shooting a video.