Zoe Keating is always worth-while reading about this, including being open about where her royalties come from. For eg (this was the post that got represented as "pay me in data"): http://zoekeating.tumblr.com/post/35737991443/what-i-want-fr... (there's a spreadsheet with the breakdown in there)

That one got featured in the NYT, prompting a couple of follow-ups: http://zoekeating.tumblr.com/post/41955905309/a-blog-about-a...

http://zoekeating.tumblr.com/post/42057406771/where-does-the... (I loved the internet-expertise implied by Several people advised me to consider touring as a revenue stream since “that is where artists make most of their money”.!) More pertinently though: "Live performance is usually my revenue stream with the highest expense ratio: flights, hotel rooms, commissions, crew, advertising, etc…"