While the conventional route of becoming a famous musician in the charts is a difficult one to profit from, there are several other methods you can try that are perhaps less conventional!
Here are 5 of those methods you might want to look into...
1. Video Game Music
If you have some knowledge of computer programming to accompany your musical composition skills, chances are you'll be able to get a job working on writing music for video games!
It's the single biggest entertainment industry, beating movies and music, meaning they have the cash to pay you top dollar for your productions.
Perhaps trying to work for an independent games company is a good way to start here - there are plenty of jobs going!
2. Beat Making
The world is full of vocalists who wish to share their lyrics with the world but are incapable of producing to save their life - that's where you come in!
There are a bunch of websites that pay producers for their beats - just have a quick Google and I'm sure you'll discover a whole world of profitability from producing that you'd never previously perceived!
3. Jingles / Audio Branding
This is a great one for the "hours of work: profit" ratio - a short, few seconds long jingle can earn you hundreds, perhaps thousands. If you can get the work, this is a brilliant place to make some amazing money.
4. Teaching
If you're qualified, there are still loads of people wishing to learn instruments. Get yourself a website and start promoting your services locally in music shops. A bunch of music teaching directories exist online as well, which can be a great way to promote your services.
If you're musically talented in the live arena, perhaps starting a covers band or a tribute band is a good idea! Many pubs pay hundreds for each performance - meaning you get to have fun playing the songs of your favourite bands (so long as your music taste isn't too obscure - a "Cannibal Corpse" cover band may not find too much work...) and you get some top Wonga to do so!