Earning Cash From Cover Songs
On Music Think Tank, Alex Holz lists several reasons for artists to play cover songs in his recent post. He compares cover songs to meeting new people via a mutual friend. A listener is usually more receptive to familiarity. Before you go out there and try to be discovered like Justin Bieber, make sure to secure a mechanical license.
Holz explains that: “Cover songs (a.k.a. “remakes”) provide an easy path to building audiences. Releasing one is similar to getting introduced to a new person by way of mutual friend (the song) rather than through a chance encounter (an original tune found on a Bandcamp / MySpace page).”