Step 1: Create Your Account
Head to the SongVest website and sign up for a free account. This gives you access to browse the available music royalty offerings and a personalized dashboard where you’ll manage your investments.
Step 2: Explore Investment Options
Once registered, you can review a variety of offerings on the platform. Each listing includes detailed information about the song or catalog, such as historical earnings, current revenue streams, and the exact rights being offered. The transparency helps you make an informed decision about which opportunities fit your investment goals.
Step 3: Join a VIP Auction
When you find an offering you’re interested in, you can participate in a VIP Auction. During this phase, you place bids to reserve your SongShares®. It’s a competitive process that determines the final price based on demand.
Step 4: SEC Qualification
After the auction, SongVest files the offering with the U.S. Securities and Exchange Commission (SEC) for qualification. Once approved, you’ll have the opportunity to finalize your purchase during the VIP Sale period.
Step 5: Manage Your Portfolio
After purchasing, you can track your music royalty portfolio through your SongVest dashboard. This tool allows you to monitor your earnings and keep tabs on your investments.
Step 6: Receive Quarterly Royalties
Any royalties earned from your investments are distributed quarterly. Payments are made directly to your linked U.S.-based bank account, typically within 45 days of the quarter’s end. To qualify for payouts, you need to own your SongShares® at 11:59 PM ET on the last day of the quarter.
Why SongVest?
Fractional Ownership: You don’t need to invest a large sum; you can own a share of a song or catalog for as little as $100.
Informed Choices: Each offering comes with detailed historical data, so you can see how the asset has performed over time.
Diverse Revenue Streams: Earnings come from streaming platforms like Spotify, digital downloads, and licensing deals.
Compliance: SongVest ensures all offerings are filed with the SEC, so your investments meet regulatory standards.
Things to Keep in Mind
Risk: As with any investment, returns depend on the performance of the music asset. A song’s earnings can fluctuate.
Liquidity: SongShares® are not currently tradable on a secondary market, so selling your shares before the term ends may not be possible.
By following these steps and understanding the details of each offering, you can start investing in music royalties with SongVest. It’s a straightforward way to get involved in the music industry while potentially earning passive income.
