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Entries in money (39)

Thursday
Aug252011

Why You Should Build An App

Embedding your music in another product - a mobile app, for example - is going to be the way to sell music in the future. Consider this article, published just 5 months ago in the New York Times. It highlights the major labels’ mad dash to get into the mobile app market. Bjork new album will be a collection of apps rather than a list of songs. UMG is creating an app for Nirvana’s “Nevermind”. And it makes sense. Just last month news surfaced that Apple has now sold more apps than song downloads - even though iTunes had a nearly 4 year head start on the App Store.

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Thursday
Aug112011

Artist Advice: How to Make Money through YouTube Ads

I was at a digital music event earlier this year, and was shocked to find out how many people had not heard how easy it is to monetize your YouTube channel through Ads.  YouTube will pay you for doing what you already do! Take your money!

Here’s how it works…..

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Thursday
Mar172011

7 Tips to Make Your Next Music Video

Considering making an original music video?

You may want to check out the 7 tips below to save you time, money and added stress. I just completed my first music video after more than three years of investment where I learned these lessons directly…the hard way. I’m now working on my second video and vowed to avoid the same pitfalls by following these lessons. Perhaps you can learn from my mistakes!

1 . Always have signed contracts no matter whatIn the beginning, it is usually such a love fest between you and the the very people you want to hire to help realize your vision. They get it!

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Monday
Nov292010

Is Money Limiting Your Band’s Growth?

You might have assumed from the title of this article that it would be about techniques of acquiring funding to pay for the overheads of running a band, or exploring where best to invest your marketing budgets. Not today I’m afraid.

Today I’m going to challenge the other side of the coin and suggest that money is bad for your band.

To clarify that statement in more detail, my opinion is that focusing on short-term methods of monetising your music career too early on is counter-productive when trying to build a successful and sustainable music career. The classic example is that by selling your music exclusively on iTunes opposed to offering it to fans free of charge fewer people will consume and share your song.

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Wednesday
Nov242010

New in MTT Open: Endorsements, Internet Radio, Relationships, Money, and Virtual Tours

Simon Tam explains the approach that artists should take to get endorsements and sponsors. Artists need to create opportunities by initiating contact in a unique way. Artists need to focus on how they can provide value to the company instead of the other way around. To start, artists can contact companies with less competition such as local businesses that may be more likely to become a sponsor. 

“It’s about creating a lasting relationship where you can build an audience together with that company.” (Read On)

Internet Radio Is the Future…Duh

Charles Hill writes about his rant on recent articles that he finds obvious. 

“I run across articles with titles like “Internet Radio is the Future”. This cracks me up. Its like writing a book on the fact that the sky is blue.” (Read On)

Relationships Are The New Distribution

Greg Bates discusses one aspect of the 4 P’s of Marketing: Place. Most artists think that their distribution is taken care of by putting their music on iTunes or Bandcamp, but distribution is made up of the quality of your relationships. Artists need to build relationships with fans and reach out to other bands, businesses, etc. to collaborate on projects.

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Friday
Jul022010

Interested In Crowdfunding? Watch and Learn! A Play By Play Series For You

I spend a lot of time thinking about how artists can make money and writing about how artosts can make money.  One of the newer topics I am covering in my talks at music conferences and on my vlog series Sound Advice is crowdfunding.

Many artists that I speak to seem interested in crowdfunding but many seem hesitant because they don’t think its OK to ask their fans for money or can’t figure out what exactly to offer them. 

This week artist Phil Putnam (who is also the sales director at Ariel Publicity and a Cyber PR artist) and Brian Meece the founder of Rockethub.com have started a new blog series called “The In-Crowd”  which is insiders look at crowdfunding, and will answer these questions and many more that you may have about this topic.

Each Monday, the boys are giving us an honest look at a crowdfunding project in action and dish on how things are going. Phil is not only talented and a fantastic sales director, he is also hilarious and this blog series promises to be informative and fun.

I will be cross posting here with my two cents and I would very much love to hear about your journeys with crowdfunding.  This first post will give you the 411 on crowdfunding a well as some solid advice from Phil on what you need to have in place before you attempt to launch your own project.

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Wednesday
Nov042009

What are music fans willing to pay for?

I’m not a musician. I’m a fan. And from my perspective, it’s clear that fans do want to support artists that they like. Here’s a list of things that fans will pay for, even if they can get your music for free:

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Friday
Oct302009

MTT launches the Indie Maximum Exposure 100 Blog

As of today, you will find a new menu item in the Music Think Tank menu that is simply labeled 100.

The Indie Maximum Exposure 100 blog was created by a team of industry experts and by artists that are making a full-time living from their music. 

The 100 is an essential read for all artists; it’s a clear and concise guide to 100 important things every artist should consider.  Check out the Indie Maximum Exposure 100 on Music Think Tank.  Here’s a category list:

The Entire List (100)
Fostering Relationships (13)
Making Money (12)
Mindset/ Who You Are Being (16)
Online Resources (Where to Submit) (20)
Recording and Releasing Material (8)
Social Media/ Internet Strategy (16)
Touring/ Live Performance (15)

 

Wednesday
Oct282009

In Defense Of 1,000 True Fans - Part II - Matthew Ebel

In part ii of my 1,000 true fans series I chose to interview my friend Matthew Ebel. I have known Matthew for a few years because he runs in the same geeky podcasting circles that I proudly run in.  Matthew is the type of artist I refer to in my book as a “Builder” meaning Matthew is constantly pushing his career forward using not only musical innovation but also technology.  

What I find most striking about this interview is the fact that Matthew makes 26.3% of his net income from just 40 hard- core fans.

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Tuesday
Oct132009

In Defense Of 1,000 True Fans - Part I - The Mountain Goatsl

Since I started my career in this business. I’ve always been working within the 1,000 True Fans model.

Here’s my story: In 1996, I was living in Boulder, CO and I had just started Ariel Publicity, my boutique PR firm.

Acoustic Junction and Zuba two local bands became my first clients. Both had been staples in Boulder for a couple of years, and both made fantastic livings touring and selling their independent releases from coast to coast. They did this with no label, no distribution, and no major marketing budgets: just a manager, a tour manager, and me.

I also represented The Toasters, Bim Skala Bim, The Slackers, and Skinnerbox, (and practically everyone touring during the third wave of Ska).

These artists and dozens like them all made full time livings from playing and touring.  They had a core group of fans that supported them by seeing several shows a year, buying merch and buying albums.

Today, it feels revolutionary when we hear about bands that make a living based on their music.

What happened? What changed?

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Tuesday
Oct132009

How I knew I was done with my company

I thought I would never sell my company. I started it as a hobby in 1997. When NPR did a story about me in 2004, I said I’d stick it out until the end, and I meant it.

In 2007 I did a ground-up rewrite of the the website from scratch. And man, it was beautiful code. My proudest achievement of my life so far is that backend software. Wonderfully organized, extensible, and efficient: the culmination of everything I’d learned about programming in 10 years.

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