I've played music live for a living for 28 years. Recently got pulled over coming home from a show after a couple drinks....yada yada. Bottom line: license GONE, almost all current money and forseen future money GONE. Confined to my house for months but with no way to pay rent. (extreme overkill IMO)
Anyway I had to learn someway to make some money from home really fast or lose my family and our meager belongings. So I started creating instrumental songs for would be singers in my small home studio. I record the songs to their liking and send it to them over the internet. Over the last 5 months I've placed several hundreds of ads on craigslist in almost every sizeable city in the US and beyond.
I've gotten a few clients, enough to pay the major bills, but I have to go back in forth through email and phone with hundreds of people to just retain one customer and that takes so long. Even then my rate has to be embarrassingly low because they don't have the budget to pay. It just doesn't make sense to spend 40 hours creating a masterpiece if no one I know can buy it. I can make "beats" all day easily because I play music for a living, but that market seems so saturated and people are used to paying a kid with a laptop a few dollars to "produce" a beat.
I know that I have an exceptional level of talent and my songs are professional quality so that's not the issue. I also play all the instruments myself, which is a money saver for any serious client. On occasion I've had people who really know listen to a couple songs and they been ecstatic saying, "dude you've got it, you just need to hook up with the right people!"
I also have some music on the top "license your music for TV etc." websites already. I'm sure there's so much other music to sift through that making sales is few and far between.
*SO MY QUESTION IS: WHAT ARE SOME GREAT WAYS TO MAKE MONEY FROM HOME WITH MUSIC THEY I'M OBVIOUSLY OVERLOOKING?
Please not the "submit your music to xxx website." These sites are over saturated and the percentages they actually pay out are a joke even if they make a sale. I also recently (few days ago) created a website with some minor "beats" for sale, so there's that.
*And I do have an email list of about 900 people in the produce music niche. I've been creating sound libraries and attempting to sell to them, the sales are almost zilch even though the product is of extremely high quality. Maybe something else can be done there?
Much respect in advance for the great responses I know are sure to follow.