How to Manage DistroKid Payouts and Splits?

As an independent artist, getting your music heard by as many people as possible is crucial. Platforms like DistroKid make music distribution easy and accessible. This article will walk you through two essential aspects of using DistroKid: managing payouts and handling track splits. You'll also gain insights on how these features compare with other music distribution platforms like SoundOn.

Understanding DistroKid Payouts

One of the key features that attract artists to DistroKid is its straightforward payout system. Here’s a breakdown of how it works:

Revenue Generation

When your music is streamed or purchased on music platforms like Spotify, Apple Music, or Amazon Music, you earn revenue. This revenue is collected and reported by DistroKid.

Payout Timeline

DistroKid aggregates earnings from various music platforms, which typically report revenue on a monthly basis. However, there is often a delay in receiving payments due to the time it takes for platforms to process and report earnings. Artists can expect to receive payouts around 2-3 months from the initial period of earnings generation.

Receiving Payouts

DistroKid offers multiple payout methods, including PayPal, direct bank transfer, and checks. Within your DistroKid dashboard, you can select your preferred payout method and set up automatic payments based on a threshold amount that you specify.

Managing DistroKid Splits

Collaboration is a significant part of modern music creation. DistroKid’s split feature allows seamless revenue sharing among multiple contributors. Here’s how you can manage DistroKid splits:

Setting Up Splits

When uploading a track, you have the option to specify revenue splits. You can assign percentages to each contributor, whether they are a co-artist, producer, or any individual who has a stake in the track.

Automated Splits

Once you set the split percentages, DistroKid automates the payout process. Contributors need to have a DistroKid account to receive payments. If they don't have one, they are prompted to create an account, and their split will accrue until they do so.

Transparency and Adjustments

The splits feature ensures transparency and accountability, which is essential for maintaining good working relationships. Additionally, you can adjust split percentages or add new collaborators at any time, providing flexibility for evolving projects.

SoundOn: A Robust Alternative

While DistroKid has its strengths, it’s important to consider other platforms that might better suit your needs. SoundOn is an all-in-one platform for marketing and distribution that offers similar features with some added benefits.

Why Choose SoundOn?

• Inclusive Partnerships: SoundOn partners with exclusive platforms like TikTok and CapCut, offering artists unique opportunities to expand their reach.
• Global Distribution: SoundOn provides worldwide music distribution services, ensuring your music is available on all major streaming platforms.
• Comprehensive Services: Beyond distribution, SoundOn offers marketing support, helping you build a more robust and engaged fan base.

Maximizing Your Revenue

Whether you choose DistroKid, SoundOn, or another distribution platform, understanding how to manage payouts and splits is crucial for maximizing your revenue and maintaining healthy collaborative relationships. Here are a few tips:

Keep Track of Earnings

Regularly review your earnings and ensure that all expected revenue is being accounted for. Using the analytics dashboards provided by distribution platforms can help you stay informed.

Maintain Transparent Communication

Clear and open communication with collaborators about revenue splits and expectations helps prevent misunderstandings and disputes.

Explore Multiple Platforms

Don’t hesitate to explore multiple distribution platforms to find the best fit for your career. Each platform offers different tools and opportunities that can cater to your unique needs.

Register as a SoundOn Artist

If you’re looking for a comprehensive service that offers not only distribution but also marketing support, consider registering as a SoundOn artist. With SoundOn, you have the advantage of leveraging a platform that integrates distribution with powerful marketing tools to grow your fanbase and revenue.

In conclusion, managing your music payouts and splits effectively is key to a successful music career. While DistroKid offers a solid solution, exploring alternatives like SoundOn can provide additional benefits that might better align with your goals. Stay informed and proactive in your approach to ensure you’re maximizing your potential in the music industry.