Music Royalties Tracking App Business

Business Idea: Start A Music Royalties Tracking App Business in 2024

Pat Walls

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Updated: October 2nd, 2024

Monthly Revenue

$50K

Market Size

$30B

Market Size

$30B

Market Size

$30B

Want to help musicians get paid accurately? Consider launching a music royalties tracking app. This business idea revolves around creating an application that helps artists track their royalty earnings from various streaming platforms and digital sales.

The concept is simple but powerful. Develop an app that aggregates data from different sources, organizes it, and presents it in a user-friendly dashboard. Musicians often struggle with understanding where their money comes from; your app will offer clarity and ensure they’re compensated properly.

This business is particularly appealing because it addresses a real pain point in the music industry. By offering a solution that streamlines the royalty tracking process, you tap into a market eager for transparency and efficiency.

Creating this app will involve rigorous data integration and a keen sense of user-interface design, but the effort is worthwhile. Help artists focus on their craft, knowing their earnings are tracked accurately.

Examples Of Successful Music Royalties Tracking App Businesses

Successful music royalties tracking app business businesses and case studies

I Bootstrapped A $600K/Year Video Production Company [10M Downloads]

ProductionCrate, a virtual studio offering royalty-free music, video effects, graphics and sound assets, bootstrapped to $600k/year with over 10 million downloads, and one million users, thanks to loyal customer retention rates of around 80% YoY growth at 120%.

$50K Monthly Revenue

$15 Startup Costs

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