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How to Make Money Doing Covers on YouTube

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DEEP DIVE ARTICLE HOW TO MAKE MONEY ONLINE TIPS & TRICKS YOUTUBE

How to Make Money Doing Covers on YouTube

Covering popular songs is an excellent way for musicians to gain exposure through YouTube.

The popularity of the song can draw people into your channel where you can show off your talent, skill, and, hopefully, your unique style.

Unfortunately, copyright is a serious roadblock to monetising this kind of content.

The music industry has been and still is one of the most aggressive industries when it comes to protecting their intellectual property, which has led to some less-than-fair policies being put in place by YouTube in order to mollify record labels. Policies such as granting copyright owners the ability to claim ad revenue from your video, even if the video contains more than just their music.

YouTube also has automatic Content ID in place, that can recognise copyrighted content without the need for a human to flag it.

This may save YouTube a great deal of expense compared to paying people to hunt through an absurd amount of video, but it can lead to problems for cover artists, such as Seth Everman’s cover of Billie Eilish’s Bad Guy. As Seth’s pinned comment states, the cover was instantly flagged for copyright despite being made using household items such as couch cushions and pots and pans.

So how, then, do you go about monetising this kind of content? Fortunately, there are plenty of ways, so read to discover how to make money doing covers on YouTube.

How to Make Money Doing Covers on YouTube 1

The Basics

Before getting into how you can make money doing covers on YouTube, it is important to have a basic grasp of the legalities of cover songs. We say “basic” because we’re not going to attempt to explain actual law to you—this is a YouTube blog, and there are no lawyers here.

The long and short of it is that in order to legally make money from a cover song, you would have to have agreements in place with the songwriters and publishers, and the licenses you would gain from this would almost certainly require you to pay royalty fees.

This may be fine for an established musician who is going to release a cover song through traditional channels, but it is not exactly practical for a small YouTube musician who is just looking for a little added exposure, or merely wants to cover their favourite song.

YouTube have mechanisms in place to remove the need for every YouTube cover to have an individual licensing agreement in place in the form their Content ID system, but this doesn’t help with monetisation and, depending on the rights holder, can result in your video being blocked in certain countries—or blocked altogether.

So, now we’ve told you why you can’t make money from covers on YouTube, let’s get into how you can make money from covers on YouTube.

YouTube Partner Programme

Here’s the good news; the YouTube Partner Programme has provisions for cover songs that allow you to share revenue easily between you and the relevant entities with little more than a few clicks.

The bad news? This only applies to songs that are part of an agreement with rights holders to enable this kind of thing.

Now, granted, there are a lot of songs included in these deals, with plenty of popular songs and current hits among them. But it is not everything, and you may find yourself wanting to cover something that is not part of YouTube’s deal and thus cannot be monetised in this way.

For the songs that are part of the deal, you will be able to share the revenue with the rights holders, and you will get be paid on a pro-rata basis.

This is one example of how to make money doing covers on YouTube, but it is not exactly a reliable method, and even when it works, you are getting a reduced percentage of YouTube revenue, which has already gained a reputation as a less-than-stellar way to get paid for your time.

The actual rate you get paid may vary, but you shouldn’t expect to see more than 40% of the revenue your videos generate. So let’s look at other ways you can earn money from your cover songs.

How to Make Money Doing Covers on YouTube

Promote Original Music

It will likely seem obvious to many YouTube cover artists since a lot of you will have gotten into cover songs as a means to bring attention to your channel and promote your own songs. This very method is one of the best ways you can parlay your cover song success into YouTube revenue.

Be sure to put your own spin on the covers you perform, however.

The goal is to draw people in with your unique style and take on the song, and then providing your viewers with a call to action like, “If you like this, why not check out my original song…”, and it will be considerably less effective if your original songs are entirely different in tone and style to your cover songs.

There is no barrier to monetising original content, so you are free to monetise an original song through YouTube’s Partner Programme, get sponsors, or do anything else you would be free to do with your own intellectual property.

Promote Live Performances

In much the same way your cover songs can be used to promote your original music, they can also be used as a means of getting eyeballs on any upcoming shows you are playing.

It is common for established musicians to make a substantial portion of their income from live performances, so it will likely be something a serious musician will want to get into regardless—especially since live performances can make up almost all of your income as a musician just getting started.

And if you’re doing it anyway, why not leverage YouTube to get more interest in those live shows?

If you go down this route, make sure you have easy to find links and information regarding your live shows.

You want your viewers to have to put in as little effort as possible if they decide to come out to see you live, so don’t force them to hunt around for the right links and dates.

If you need help in promoting your content FOR FREE, I have a great list of all the best places to share your content in my blog.

How to Make Money Doing Covers on YouTube 4

Sell Your Cover Songs Elsewhere

If you go to the trouble of creating a cover song for YouTube, don’t feel like you have to limit it to just that platform. There are many outlets to sell music digitally these days, without the need for recording deals or record labels. If you make a popular cover, giving viewers the option to buy the song or listen to it on other revenue-generating platforms like Spotify and iTunes is a great way to earn some extra money.

Of course, the issues with licensing and ownership are still there, and we would not recommend you just putting a song out there without ensuring you go through the proper channels. Fortunately, there are plenty of music distribution services out there for small artists, and many of them have provisions set up for cover songs, meaning you can release them entirely legally.

Every platform is different, and this is a YouTube blog, so rather than explaining the process, here are a few of the top music distribution platforms that allow you to release cover songs to services like Spotify.

Crowd Funding and Donations

This is an excellent method of earning money through YouTube regardless of what the actual content is because it serves not only as a revenue source but also as an endorsement of your channel.

Since people who contribute are actively choosing to do so, you will benefit from a dedicated fanbase who are more likely to want to support financially.

There are several ways to go about setting this up, with Patreon being the most prominent and popular example. There are also platforms like Ko-Fi, as well as simply accepting donations directly through a payment processor like PayPal.

If you decide to try this method of earning money from covers, consider giving incentives to your supporters. Such incentives can be as little as a thank you at the end of a video, or they can be as much as tickets to a live show, or merchandise included as a thank you.

It could also be early access to videos or exclusive content.

The point is that by providing supporters with something extra, you not only make them feel appreciated, but you incentivise others to support you as well.

Making Your Cover Videos

Knowing how to monetise your covers is a relatively small part of the battle. Before you worry about that, you should be working on giving your videos the best chance of success you possibly can.

Now, as far as the music goes, that’s all on you.

Music is a very subjective medium, and you will no doubt have your own style and genre preferences when you perform.

All you can do there is make the technically best version of whatever it is that you want to make.

But regarding the video itself, there are things you incorporate that will help you succeed as a YouTube cover artist.

How to Make Money Doing Covers on YouTube 5

Create Engaging Videos

While it is generally true that the content speaks for itself, it is not that simple with cover songs. It is not merely a matter of making great music and hoping that the quality will shine through because there are so many talented musicians making music on YouTube.

You need to do something to make your videos stand out from the crowd, and you will struggle to do that in the audio alone – take a look at my resources page for some eye catching graphics, backing tracks, and design tools.

Consider including the lyrics in your video, possibly in a fun animated way, and at the very least shoot something with you playing the song.

You want viewers to connect with you, and they are unlikely to do that if they never see you.

Be Creative

There are only so many ways you can cover a song in a way that is still appealing to a large enough number of people. And, with the amount of YouTube musicians out there doing cover songs, the number of unique takes there are left for popular songs are starting to become a little scarce.

Of course, you can always cover less popular songs, but the problem there is that less popular music means less interest in your cover song.

Don’t be afraid to get creative with your cover.

We mentioned Seth Everman’s Bad Guy video earlier on. Even though that particular cover was a comedic video, rather than a straight music video, it nevertheless generated a lot of interest for the unconventional way he played the song.

We’re not saying you should cover a song using furniture exclusively as your instrument, but looking for new and creative ways to make your cover videos is an excellent way to get noticed.

Another great example of this is Postmodern Jukebox, a channel that exclusively creates covers of contemporary songs in the style of classic genres from as far back as the early 1900s. Their videos feature a full band accompaniment with everyone dressed in the style of the era they are emulating and make for a fascinating watch.

Another example is mashups, where more than one song or style is brought together to create something new. A very popular example of this is 10 Second Songs, where the talented Anthony Vincent performs songs in the style of a variety of different artists.

How to Make Money Doing Covers on YouTube 3

Keep An Eye Out For Trends

Trend-chasing can feel a little “dirty” to some, but cover videos are an extremely competitive space, and it will take a lot of effort—and not a small amount of luck—to get established in this niche. By putting out your own take on a popular trend, you can bring new viewers to your channel.

And the good thing about this kind of viewer is they will have subscribed because they liked your take on the song, which means they are more likely to stick around.

Trends can come in many forms, such as old songs that inexplicably get a second life (see: Rick Rolling) or new viral hits that take the world by storm.

Whatever the trend, be sure to stay true to your unique style because ultimately, you want people to come to your channel for you, not a version of you that you put on once.

By Alan Spicer - YouTube Certified Expert

UK Based - YouTube Certified Expert Alan Spicer is a YouTube and Social Media consultant with over 15 years of knowledge within web design, community building, content creation and YouTube channel building.

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