Is being a Songwriter lucrative?

Songwriting is not generally looked at as a lucrative venture. The majority of people writing songs are not doing it to make money. But songs are worth money. People care about music and music has value.

How much does the average Songwriter make a year?

The short answer is that most Songwriters are doing okay. The Bureau of Labor Statistics 1 estimates the average salary for a working Songwriter is just shy of $52,000 per year.

Do songwriters have agents?

Basically, a music publisher is the “real estate agent” for your song. Neither the real estate agent nor the music publisher is absolutely necessary! Homeowners can sell their own houses and songwriters can promote their own songs.

Is it possible to make money by writing one hit songs?

It seems too good to be true, but in reality is absolutely 100\% possible. As we are about to demonstrate, writing one hit song can make you extremely rich for life. A few years back we interviewed Gary Portnoy, the guy who wrote and sang the theme song for the television show Cheers.

How much do Songwriters Make on average per song on the radio?

An average hit song on the radio today will earn the songwriter $600-800,000 in performance royalties. For example, The Black Eyed Peas song “Boom Boom Pow” has had 6.3 million single sales and…

Can you make residual income for life by writing TV theme songs?

One of the most interesting facts we learned from Gary is that writing a hit TV theme song is a great way to make residual income for life. Gary told us that he made enough money off “Where Everybody Knows Your Name” to give him a very comfortable life without ever having to work again.

How much do artists get paid to write theme songs?

Artists can earn $300,000 if their song is used in a national commercial or film and $50,000 for a prime time television show. As we learned with Gary though, if you write the actual theme song, your royalty stream can be much more valuable.