Before we go over all of the revenue streams, it is good to talk about the two types of incomes these can generate: Active income and passive income.

• Active income is the income you get when you get paid for your hours of work. This is what you get at a job, and is usually defined by an hourly rate. This means that anything you earn is linked to the amounts of hours you work.
• The other type of income is passive income. You can generate this income without having to spend time on it. The way this works is that you spend time on making something which can generate money for you after you have finished working on it. The most obvious example of this is your music. Whenever you finish making a track, you can release it and it can generate money. The money you earn for this track is made after you have finished the track, and it could potentially generate money forever, without you having to spend time on it. In short, this type of income is not linked to the amount of hours you work.

Some of the revenue streams we will discuss are generating active income, and some of them are generating passive income. In your ideal situation, you would probably like to have all the time in the world to make your music and relax, without having to worry about money. If you have enough passive income, this could be possible. But to get there, you would have to work on things that will generate passive income. During that work, you probably don’t generate a lot of money yet. This is why you likely also need active revenue streams, so you can sustain yourself while working on your passive revenue streams. Now, let’s jump into the revenue streams.