Now you might not make stacks like this but here are some ways to generate cashflow. First as an MC you need to come to terms with the fact that you’re a “Musician” and as a musician you get paid in the busines of ‘Entertainment”
First you need to file a DBA(Doing Business As)
Get a tax ID# and File as a musician under Entertainment. These things you should do even if you are on or planning to sign to or own a record label. Next (and most Important) sign with a Publishing company, be it: ASCAP, BMI,or SESAC. Every time you write or perform a song you should get paid for it.
Now I know you may know this but alot of yous dont, so here is what an actual “MC” does:
1). Records Hit records.
2). Tour and Perform.
3). Battle rap (to some degree)
4). Produce other acts or music.
5). Start a product line like clothing, liquor (Hey! its been done)
6). Hosting/Dj events or on radio.
7). Lead and advance their local scene.
NOW ON TO THE MONEY!!!
Mechanical: Royalties generated through the licensed reproduction of recordings of your songs either physical or digital.
PRO: Royalties generated when your song is played on TV, Radio, club etc;
Synch: Royalties paid when music lis licsened ot to video games, internet, commercials
Songwriting and beatmaking.
Jingle writing for radio stations and local businesses
Shows and tour performances
Event hosting and party DJing
Album sales (Retail, Digital)
Record label advancements and support
Sponsorships and Endorsements
Battle Rap Betting
Ad revenue from partnering with other websites
Grants. From foundations, state or federal agencies.
Starting a Record company.