As a new songwriter or music producer, your first job is to make really creative and inspiring records. Unfortunately, the business part in receiving streaming royalties can be a bit confusing. With the rise of music streaming services, it’s important to know how to collect the royalties you’re entitled to and then you will be able to create new streams of income on RecordRaise. In this post, we’ll discuss the steps you need to take to receive your streaming royalties.
Step 1: Register with a Performing Rights Organization (PRO)
The first step in receiving streaming royalties is to register with a performing rights organization (PRO) such as ASCAP, BMI, or SESAC. These organizations collect and distribute performance royalties on behalf of songwriters and music publishers. You can choose one or more PROs to register with depending on your needs. With RecordRaise, we strongly also recommend you register you song(s) with SongSplits so we can properly distribute your share of the streaming income.
Step 2: Register Your Songs with the PRO
After registering with a PRO, you need to register your songs with them. This involves providing information about the song, including the title, writers, and publishers. You can register your songs manually or through the PRO’s online portal.
Step 3: Join a Digital Rights Organization (DRO)
In addition to a PRO, you may want to join a digital rights organization (DRO) such as SoundExchange. These organizations collect and distribute digital performance royalties for plays on digital services such as Pandora, SiriusXM, and Spotify.
Step 4: Register with Streaming Services
To receive streaming royalties, you need to register your songs with the streaming services themselves. This includes services like Spotify, Apple Music, Tidal, and others. You can do this directly or through a distributor such as DistroKid or CD Baby.
Step 5: Monitor Your Royalties
After registering your songs, it’s important to monitor your royalties and ensure that you’re being paid correctly. RecordRaise can help you keep track of your royalties in addition to helping you find new avenues to make income.
To Wrap it Up….
Receiving streaming royalties as a new creator can seem daunting, but it’s a crucial part of earning a living in the music industry. By following these steps, you can ensure that you’re collecting the royalties you’re entitled to and making the most of your music, especially with RecordRaise. Remember to register with a PRO and DRO, register your songs with streaming services, and monitor your royalties regularly. With these steps in place, you’ll be well on your way to building a successful career in music.