2-How Do Musician Hive’s Fees Work?

Musician Hive operates with transparent fees that encompass both service and payment processing costs, ensuring clarity and fairness for both buyers and sellers.

For Buyers:

• Total Cost: Buyers pay the service price plus an additional 7% fee, which covers Musician Hive’s commission and payment processing.

Example of Buyer Costs:

• Service Price: $100
• Fee: 7% of $100 = $7
• Total Payment: The buyer pays $107, inclusive of all fees.

For Sellers:

• Net Earnings: Sellers receive 93% of the service fee after Musician Hive deducts a 7% commission, which includes payment processing fees.
• Minimum Commission: Musician Hive ensures a minimum commission of $5 per order.

Example of Seller Earnings:

• Total Booking Fee: $100
• Commission to Musician Hive: 7% of $100 = $7 (including payment processing)
• Seller’s Net Earnings: $100 – $7 = $93

Payment Options:

• Flexibility: Payments are processed via PayPal, Payoneer (Beta), or wire transfer, offering convenience and choice to buyers and sellers alike.

This structure guarantees transparency in fees, covering both service and payment processing costs, ensuring fairness across transactions on Musician Hive.

3- How Does It Works

For Buyers:

Let’s delve into how our marketplace works, offering you the flexibility to either discover multiple services from various candidates or recruit talent tailored to your specific needs:

A. Discovering Services from Musicians:

1. Browsing the Marketplace: Start by exploring our marketplace, where a diverse array of musicians, producers, engineers and artists showcase their services. You can browse through profiles, listen to samples of their work, and assess their qualifications.
2. Selecting Services: Once you find a service that aligns with your musical project or needs, you can review the details, pricing, and reviews associated with that particular service and even ask for a sample demo if the candidate offers it.
3. Placing an Order: When you’re ready to proceed, simply place an order for the chosen service. You may need to provide project details, such as song requirements, deadlines, and specific instructions.
4. Payment and Escrow: The agreed-upon payment for the service is securely placed in escrow, ensuring both parties have peace of mind. The seller will be alerted that the order has been placed.
5. Service Delivery: The seller then initiates the creative process, providing you with updates, drafts, or previews along the way to keep you informed about the progress and respecting the deadlines.
6. Review and Approval: After receiving the completed service, you have the opportunity to review and assess the work. If it meets your expectations, you can approve the service.
7. Payment Release: Upon your approval, the funds held in escrow are released to the seller, marking the successful completion of the transaction.

2. Recruiting Talent for Custom Projects:

1.  Project Description: If you have a unique project or specific musical needs, you can create a detailed project description outlining your requirements. This can include the type of music, instruments, vocal style, mixing requests and any other specifics.
2. Posting the Project (Recruit talent): Post your project description and budget  within our platform (Recruit now). This will be visible to all musicians and artists in our marketplace.
3. Responses and Proposals: Candidates who believe they can fulfill your project’s requirements can submit proposals with their ideas, timelines, and pricing.
4. Selection: Review the proposals and select the candidate whose approach best aligns with your vision. You can also consider their experience, samples of past work, and reviews from other clients.
5. Agreement and Escrow: Once you’ve chosen a musician, you’ll establish the project’s terms, agree on pricing, and place the payment into escrow. The project officially begins.
6. Collaboration: Work closely with the chosen candidate to bring your project to life. They may share drafts, progress updates, and previews as the project unfolds.
7. Review and Approval: After the project is completed, you have the opportunity to review and approve the work. If it meets your expectations, you can give your approval.
8. Payment Release: Upon your approval, the funds held in escrow are released to the seller, and your custom project is successfully completed.

Whether you’re looking for pre-defined music services or seeking a custom collaboration, our platform offers a seamless and secure way to connect with musicians and artists who can help bring your musical vision to life.

For sellers:

A. Offering Services as a Musician:

1. Create a Profile: To get started, you’ll need to set up a compelling profile that showcases your musical talents, skills, and experience. Upload samples of your work, provide a bio, and specify the services you offer.
2. Listing Your Services: Post at least one service you offer, which could include music production, composition, vocals, instrumentals, or any other musical skills. Define the scope, pricing, and any additional details for each service.
3. Availability: Set your availability and delivery times for each service you offer. This helps clients understand your timeline for completing projects.
4. Receiving Orders: When clients browse the marketplace and discover your services, they can place orders based on their requirements. You’ll receive notifications when an order is placed.
5. Sample Demos: If the client requests a sample demo before proceeding further, you have the option to provide a preview of your work to showcase your capabilities
6. Agreement and Communication: Once an order is received, communicate with the client to confirm the details of the project, including any specific needs, deadlines, and expectations.
7. Work on the Project: Begin working on the project and provide updates to the client as you progress. This might include sharing drafts, samples, or other relevant work-in-progress.
8. Client Approval: After delivering the completed service, the client reviews and approves your work if it meets their expectations.
9. Payment Release: Upon client approval, the payment held in escrow is released to you, and the transaction is successfully completed.

B. Responding to Custom Project Requests (Recruits):

1.  Project Listings: Keep an eye on project listings (All recruits page) posted by clients who are seeking musicians for custom projects. These listings will describe the project requirements and expectations.
2.  Submit Proposals: If a project aligns with your expertise, you can submit a proposal outlining your approach, pricing, and any relevant information you have that matches the project’s requirements.
3. Sample Demos: If the client accepts receiving sample demos, you have the option to provide a preview of the work to showcase your capabilities and skills and having more chances to seal a deal.
4. Selection: The client reviews the proposals and selects the candidate whose proposal aligns best with their vision and requirements.
5. Agreement and Communication: Once you’re selected for a custom project, you’ll work with the client to establish the project’s terms, including pricing and other details. Clear communication is key.
6. Collaboration: Collaborate closely with the client to bring their project to life. Provide updates, samples, and drafts as the project progresses.
7. Client Approval: After completing the project, the client reviews your work and gives approval if it meets their expectations.
8.  Payment Release: Upon client approval, the payment held in escrow is released to you, marking the successful completion of the project.

Our platform empowers musicians not only to offer their services but also to demonstrate their skills with sample demos when requested and accepted  by clients. It’s a feature that enhances transparency and trust in the collaboration process, ensuring that both clients and musicians are aligned with project expectations.