The New Music Marketing Model
Posted by Music Blog | Posted in Web Music | Posted on 01-09-2009
Tags: music, Music Marketing, The New Music Marketing Model
0
A year ago, I wrote a passionate article on the merits of charging $15 when you sell your compact disc s. Some of my reasonings included: It’s tough for indie artists and you have a nice music, so don’t short- change yourself; you could always discount the compact disc for special reasons (2-for-1 special); and, the “high” sales prices furthermore includes your many costs. I made several addendums, but that is the gist of it.
But now, if you head over to http://mp3.com/thebards and check out the Brobdingnagian Bards page at MP3.com, you’ll notice something kinda hypocritical…none of our compact discs are priced at $15! What gives??
Well 1st let me say, yes, I do still believe in a $15.00 sales price for many artists. Certainly, it works optimum for folk artists, and singer/songwriter types. But my reason is not hypocrisy it is a dramatic differ in our marketing plan.
You see, when all of us started out, I knew that the only “real” income available to indie artists comes from CD sales and merchandising since royalties from ASCAP and BMI are a joke. So our plan was to record every six months or less and put out new material. By then end of final summer the indie process was leaving us drained, and all of us were thinking all of us overextended. Then along comes MP3.com.
One of the things I have been raving about for the past few months is that MP3.com provides a new marketing model by provide ing “royalties” for listens to your music. And if you’re getting paid from people listening to your music. Then it needs to be quickly available right?
Well, we have followed the footsteps of many of the top MP3.com musicians and have about 40-50 tracks available on our web site and more are coming every week. In doing so, all of us make a solid $20 a day from our web site.
Now with each listen, the songs are tracked on MP3.com on their music charts. You sell a CD, the songs on that CD will rocket up the charts. So you want the CDs to sell, because higher charting equals higher payback. As a result, our low price on MP3.com.
Now think for a second. If you’ve 40 songs on your web site like the Hillbilly Hellcats, you are the majority like ly going to make your 15 unique listens because your songs are located all over the charts. There are plenty of songs to pick from. Accordingly the new marketing model no longer relies on CD sales of $15.00, but listens. When you realize that you open yourself up to a whole slew of, in my opinion, simple marketing tactics that will make you more money from listens than selling CDs from your web site.
I know this all seems simplistic, but the vast reality is most performers on MP3.com are still running their performer with an older marketing model that does not yield the highest payback. So think about that for a bit, and next week, I have a guest writer who will give you an interesting promotional idea that might send your listens over the top. Then the week following that, I am going to betray my secret that has my song “Tolkien” at #35 on all MP3.com…
Stay tuned. Same bard time. Same bard channel!

