How to Manage DistroKid Bank and Access

Managing a music label can be complex, especially when it comes to financial aspects and access control. Two common questions that arise among music labels using DistroKid are: How to manage a DistroKid bank and can multiple people access a label in DistroKid? In this article, we'll address these concerns and provide you with tips for efficient label management.

Understanding the DistroKid Bank

The DistroKid bank is a feature that allows artists and labels to receive revenue generated from digital music sales and streams. This includes earnings from platforms like Spotify, Apple Music, and others where your music is distributed.

Setting Up Your DistroKid Bank

To begin, you'll need to set up your DistroKid bank account. Once you sign up and distribute your music through DistroKid, you'll start accruing earnings. Follow these steps to manage your DistroKid bank:

1. Log in to your DistroKid account.
2. Navigate to the 'Bank' section from the main dashboard.
3. Here, you'll see a detailed breakdown of your earnings, including specific amounts from different platforms.
4. You can request a payout to your linked bank account or PayPal.

Tracking Your Earnings

It's essential to keep track of your earnings to ensure you're getting paid correctly. DistroKid provides a transparent and detailed summary of your revenue. The 'Bank' section offers insights into earnings per song, per service, and allows you to see historical data. Regularly check this section to monitor your financial growth.

Can Multiple People Access a Label in DistroKid?

When running a label, having multiple team members who can access and manage the account can be beneficial. However, the capability for multiple people to access a label in DistroKid is somewhat limited. Here’s what you need to know:

Primary Account Holder

The primary account holder is the person who signs up for the DistroKid account. This individual has full control over the label, including financial data, upload permissions, and account settings. It's crucial to be cautious and selective about who has this primary access due to the sensitive nature of the information available.

Sharing Access Securely

While DistroKid doesn’t officially support multiple user logins, the primary account holder can share login credentials with trusted team members. However, this comes with risks, such as unauthorized changes or security breaches. It’s recommended to use strong, unique passwords and consider changing them periodically if you share access.

Best Practices for Label Management

Managing a label efficiently requires organization and strategic planning. Here are some best practices to help you get the most out of your DistroKid account:

• Regularly Monitor Financials: Keep a close eye on the 'Bank' section to track earnings and identify any discrepancies promptly.
• Use Detailed Metadata: Input accurate metadata for each release to ensure you're credited correctly across all platforms.
• Build a Team: While direct multi-access isn’t available, delegate tasks among trusted members to oversee different aspects of the label’s activities.
• Set Clear Roles and Responsibilities: Define roles within your team to avoid overlap and ensure efficient workflow.
• Leverage Promotional Tools: Utilize DistroKid’s promotional tools and partnerships to maximize your reach and revenue.

Choosing the Right Distribution Platform

While DistroKid is a popular choice for music distribution, it's essential to evaluate your options to find the best fit for your label’s needs. Other platforms like SoundOn offer unique features that might align better with your label’s goals. For instance, SoundOn provides a comprehensive marketing and distribution platform to help artists build their careers and find new fans through TikTok, SoundOn, and other digital streaming platforms.

Sign up for SoundOn to explore how it can benefit your music distribution and promotion efforts.

Conclusion

Effectively managing your DistroKid bank and understanding access controls are critical components of running a successful music label. By keeping track of your earnings, sharing access responsibly, and leveraging the right tools, you can streamline your operations and focus on growing your label. Remember to explore different distribution platforms like SoundOn to ensure you’re using the best resources available.