Are you passionate about music but don’t want to give up your day job? Are you longing to be able to create music full-time but don’t have the space or money to do so? If so, you might be interested in starting a home studio. With a little planning, you can start making music without leaving your house! But can you make money with a home studio?
In this post, we’ll tell you everything you need to know about home studios, from the pros and cons of having one to the best ways to make money with a home studio. So whether you’re looking to start recording your music or need some advice on where to start, read on for all the information you need!
You may earn from a home studio by giving recording, producing, mixing, and mastering services. By giving your home studio services to the public, you may earn additional money in your spare time.
What is a home studio?
A home recording studio is used to create audio productions. Simply having a laptop, an audio interface, and headphones will do. A computer, speakers for the screen, and other equipment can all be kept in a room designed to keep out noise.
What are the pros and cons of having a home studio?
A home studio offers numerous pros and cons.
Pros of a home studio
Home studios have many benefits.
Taking matters into your own hands
Your home studio gives you control. You don’t need a mixer. Home has everything you need to make music. This is particularly important for aspiring musicians. They’ll have unmatched autonomy and flexibility if they establish a home studio.
Great way to make more money
You can also help others by mixing their music and working on their pieces. Your home studio’s USP can be that you offer aspiring musicians alternatives to expensive professional studios.
It saves a lot of time and money in the long run.
You need not employ a sound engineer only to make minor adjustments or fine-tune a recording. You are free to forego going into the studio and instead complete the task at home. In the long run, this helps you save money. Since you won’t gouge your worker, they’ll do the job for a reasonable sum.
Cons of a home studio
Home studios have the following drawbacks.
Time and money saved in the future are secondary considerations. Putting money away is the first step. The initial cost of building a studio could be high. It is pointless to plan for long-term savings if you don’t have any money. In a best-case scenario, you could see a return on your initial investment in as little as three to five years.
Taking care of equipment
Say you hired another studio. It’s not your job to repair broken or malfunctioning equipment. You work. You can’t delegate this in your home studio. You’re responsible for costly equipment.
Steep learning curve
Running a studio is tough. Nobody can repair your mistakes. If you’re trapped in software, you’re the technician. The learning curve for operating a home studio might be severe (which is good).
Can you make money with a home studio?
Home recording studios are profitable because local audio professionals are needed. A client’s distance may be ideal for your home recording studio.
The best ways to make money with a home studio
Here’s how to generate money using a recording studio.
Sell your beats to other artists.
I think the best way to monetize a home recording studio is to sell your original beats for use in other people’s songs. In my perspective, promoting one’s work is always priority number one.
Create youtube tutorials on how you make tracks
YouTube lessons on how to build certain sorts of beats in DAWs like FL Studio, Logic, Cubase, and Ableton are a terrific way to monetize your home recording setup. You’ll need screen-capture software, but there’s plenty available at no cost. OBS is a highly recommended screen recording application.
Remember that if you participate in the YouTube partnership program, you will get a cut of YouTube’s advertising income. You may expect to generate between $800 and $1,400 monthly from a YouTube channel with 20,000 views per day.
Not bad if you’re looking to bring in some additional income, and you can always expand if you see fit. There is a minimum threshold of 1,000 subscribers and 4,000 public view hours on YouTube and Adsense before you can begin generating money.
Pre-production and demos
To acquire a record contract, young, financially struggling musicians require access to a home recording studio for use in pre-production and to create demos to present to label executives. Don’t waste this chance to aid these musicians in making demo recordings and helping them achieve success. You may set your hourly rate at a reasonable flat rate that will allow you to profit.
They will likely utilize your home recording studio again when they are ready to produce a major album if you can prove your skill with pre-production by making a great demo they can use.
Create music for video games
Many composers and producers of music miss out on this fantastic chance. Music producers have a massive audience in the video game industry. The video game industry now makes more money than the movie industry, and developers always look for new musical talent to add to their games.
Create music for tv and movies
A wonderful way to generate income with a home recording studio is to work as a music producer for television and film. Streaming media giants like Netflix, Hulu, and Amazon Prime are always making new content, which gives composers like you plenty of opportunities.
Promote your music on youtube
Making instructional videos on YouTube on how to build beats is just one way to utilize the site to market your original music. Two paths may open up for you as a result of this.
To start, you’ll be promoted to people in the music industry actively seeking producers at no cost to you. The beats might help you get a job or close a deal. In the video’s description, link your Beatstars profile to drive traffic and make money there.
Second, you may expect ad revenue from YouTube. Just keep in mind that the more views you get, the more money you may potentially earn. Producing music is a lucrative business; many producers use YouTube as their only source of income by uploading many beats weekly.
Create a blog/website about how to create tracks
If you’re serious about making money online, this is a no-brainer. Creating a website or blog is a breeze with tools like WordPress.
You can use it as a new outlet for promoting your music production content and gaining new fans. It’s a small outlay that could yield substantial returns. Find out people’s questions about making music and tracks, and then provide high-quality content that addresses those questions.
When you track, you turn your living room into a makeshift recording studio for other musicians to bring their instruments and sing into your microphones. Studio rates for this specific service typically start at $100 per hour. The price increases when we discuss mixing and mastering other people’s work.
Build a social media following
You need a massive online fanbase if you’re trying to make it as a music producer working out of your home. Although time and effort are required, the payoff is substantial. It’s not enough to have a YouTube channel; you can also use Facebook pages, Instagram, Twitter, and even Pinterest.
Do voice-over work
A home recording studio opens up opportunities for those interested in the music and film industries. One of those things is voice acting. If you believe you have the necessary skills, voice-over employment is available for many media, like TV series, cartoons, and commercials. Earnings per hour might range from $20 to well over a few hundred, depending on your clientele.
Instead of simply making beats in your home studio, why not make a whole album? Build up your personal savings by establishing several sources of income.
Editing, mixing, and mastering
Making money from a home recording studio requires you to have the skills to edit, mix, and master tracks. Offering all three may help you stand out from other studios that provide one or two of these services.
Always charge what you think you’re worth, but don’t overcharge if you’re a young, struggling artist. You might have to make do with less-than-ideal conditions while you learn the ropes and build awareness for yourself in the music industry as a producer.
Utilize your music studio as a video studio
As many of the same pieces of gear are used in both music and video studios, it’s not hard to convert your home recording setup into a versatile video production hub.
It’s a great approach to maximize profits, whether you use it to develop your video ventures (YouTube, etc.) or sell it to others who do so.
Sell studio time to other artists.
Your rates and your level of expertise and professionalism in the music business will be unique to you. If an artist wants to use Pro Tools to record vocal tracks and make beats, they can expect to pay $50 to $500 per hour. It could cost up to $20,000 to record just one song in a professional studio catering to major record labels.
Create your course about music production
You can make money off your YouTube music production tutorials by turning them into paid online video courses and selling them on platforms like Udemy and Teachable.
Sell sound effects
The market for selling sound effects to independent record labels is growing. With this, you may be as creative as you want, but remember to focus on making original sound effects that aren’t commercially accessible.
Distribution platforms like Prosound Effects and Soundsnap are where you should start if you wish to make money off of selling sound effects. The second option is to host your online store via a website or blog. Both will increase your exposure equally.
Dj for live events
Live event DJing is another viable option if you have a mobile studio setup for recording. The pay is particularly good for weddings and other formal events like receptions.
Write jingles/music for radio/television commercials.
Commercial jingles and music for radio and television are dying art, but you may still get work in the field. Additionally, many local companies like plumbers, dentists, and others need someone to compose a unique jingle for their enterprise. If you sell jingles and are savvy with your contract, you may get royalties every time your jingle is used in an ad.
While the need for jingles has decreased, there is still a market for them, provided you know where to go. Do your homework and have an open mind since there are still many advertising companies looking for jingles, which might be a great source of revenue for your at-home studio.
Sell stock photography
You read that right; you can use your recording studio to make money online in the stock photography business. The stock photos you take of your well-organized home recording studio will fetch a high price from many blogs and other websites.
Podcasting is a sensible choice that can help you earn money, whether you want to establish your podcast or rent your home recording studio to someone else. Even if the podcast doesn’t make money immediately, building a following will make advertisers more interested in your show.
A podcast on the recording business or making music at home might result in sales of headphones, microphones, and other audio gear.
Record live shows for other artists.
If your home recording studio can be moved around, you could help local musicians record a live CD to sell to fans. You should expect to get compensated not just for the recording session itself but also, perhaps, for subsequent album sales.
Create your album and sell it online
If you have your music, you can sell it for about $1 on services like iTunes, Google Play, and others. A record deal with a major label is another option. However, such deals are becoming increasingly difficult to come by and do not offer the best terms for intellectual property protection for your music.
The equipment you’ll need for a home studio
Here is a prioritized list of the bare essentials for getting started with recording on a shoestring budget.
- Purchase a computer (if you don’t already have one)
- Digital Audio Workstation (software)
- Audio Interface
- Studio headphones
- Microphone Cables
- Microphone stands
- Acoustic treatment like dampers and panels
- Pop filters for microphones
Even though there are a lot of other choices, these are the bare necessities for any studio. A recording studio would be incomplete without them.
How to set up your home studio correctly.
There are some things to remember when creating a studio specifically for recording.
Choose the right room.
The majority of houses aren’t built to host recording sessions. In contrast to a professional recording studio, they do not have high ceilings or a variety of surfaces to record on. There are, however, some locations that are better suited for the recording process than others.
Choose a room with a solid wood door, a few windows, and a carpeted floor if possible. It would be best to look for a place with few or no acoustical echoes that are relatively “dead”. It is easy to edit out unwanted digital reverb from a recording, but it is much harder to get rid of live reverb.
Use a walk-in closet as a recording booth.
A spare bedroom closet can double as an excellent recording booth, while the rest of your dwelling can function as a control room. The clothing on the hangers acts as a sound absorber, and the closed door of the closet keeps outside noise out.
Soundproof your room.
You should install some acoustic treatment to reduce the echo in the room. Sound absorbers of acoustic foam may be mounted on the walls to eliminate reverberation. Bass traps are a kind of sound absorber often placed in corners. You may soundproof your project studio for far less money if you use lesser-quality foam or cloth. Buying adequate sound absorption for your project studio will cost at least $300.
Choose a desk and a desk chair.
Most of your time will be spent at a desk in your studio. Choose a workstation and chair that will allow you to sit comfortably for long periods while recording music.
How to market your home studio?
It’s time to start making money now that you have such a fantastic studio. But believe me when I say this: nobody will visit it even if you construct it. It would be best if you did something to advertise your studio. The only way to let folks know you’re in operation is to advertise. Some suggestions for promoting your studio are provided below.
- Start your own studio’s online presence. If you don’t, no one will ever discover you.
- Attend live performances in your area and connect with other musicians to help promote your studio. It would be best if you increased awareness of your existence.
- Promote your studio and offerings on Craigslist.
- Use social media for advertising your studio. Boost your company’s success via the power of positive word of mouth.
- Get together with any groups in your area that focus on acting and theater. They may need it for voiceover work.
- Make contact with local music groups, such as those in churches and schools. It’s best to have it available just in case they or a fellow member need it.
The importance of soundproofing your home studio
The most obvious benefit is reducing noise pollution, which may be a problem for neighbors inside and outside the home or structure. The prevention of noise from entering the space is more crucial. Keeping ambient noise out of the recording space is essential.
The noise floor of a control/mixing room, home theater, or listening room should be kept as low as possible to prevent the sonic details from being masked and the dynamic range of the room/equipment “system” from being constrained.
If you want even more tips and insights, watch this video called “10 Ways to Make Money in Your Home Recording Studio” from the Jamie Durrant Musician – Talking YouTube channel.
Frequently asked questions (FAQ)
Do you still have questions? Below are some of the most commonly asked questions about a home studio.
How much would it cost to set up a home studio?
How much does it typically cost to construct a home recording studio? Depending on the state of your studio’s technology, the cost might range from $500 to $20,000. Your recording studio could be as simple as a new laptop and a few microphones or as complicated as a bunch of soundboards and synths.
How much should I charge to record in my home studio?
Studios with top-of-the-line technology may start at approximately $200 per hour, while smaller (professional) home-based studios may start at around $25 per hour. Generally speaking, a singer-songwriter will need less gear than a full band.
Is it better to make music at home or at a studio?
It all comes down to the resources you have at your disposal. The DIY home studio approach is ideal if you’re strapped for cash but have a lot of spare time. Studio time can be a good investment if you’re short on time but flush with cash.
Is a home studio worth it?
In a nutshell, yes. The ability to work on music whenever it’s most convenient for you is a major benefit of having a professional or project studio in your home. If you wait for inspiration, it might never come. Setup time and resource requirements vary widely depending on your job description.
The bottom line is that home studios can be a reality for people with passion and determination. Remember to keep it simple, organize your songs well, and invest in the right equipment. That’s all you need to start making money!
This article covered what a home studio is, the pros and cons of a home studio, and whether you can make money with a home studio. Here are some key takeaways:
- A home recording studio is used to create audio productions.
- A home studio offers numerous pros and cons.
- Home recording studios are profitable because local audio professionals are needed.
- Extra tips:
- There is a wide range in price for constructing a home studio or project studio, from a few thousand to tens of thousands of dollars.
- New artist model home studio owner if you own a home studio and want to land lucrative projects and keep your clients happy and coming back for more
So, do you like to build your home recording studio? And did I cover everything you wanted to know? Let me know in the comments section below (I read and reply to every comment). If you found this article helpful, share it with a friend, and check out my full blog for more tips and tricks on music production. Thanks for reading, and never stop making music.