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Entries in Understanding Your Market (18)

Monday
Sep222014

What Artists Should Know About Next Big Sound

Perhaps you don’t sell too many albums on iTunes, or have that many SoundCloud plays or YouTube views. But maybe, just maybe, your music is really popular in some far off corner of the digital universe you never even knew about, and all that “exposure” you’ve racked up over the years is paying off behind the scenes.

Next Big Sound provides detailed online music analytics to measure the growth of bands on streaming services and social networks. It doesn’t cover everything, but it casts a wide enough net to shatter an artist’s dreams with cold, hard data. I know it did mine! <sniff>

Cidney at NBS agreed to give me an artist credit for one month so that I could write this article, way back in April. Hopefully she’ll forget to downgrade my account.

Features

Key Metrics

The screenshot above shows a dozen “key metrics” of my choosing. It’s an easy way to focus on what’s important to me, and not get bogged down in all those numbers. So for example, I could replace Rdio plays with Vine loops, Last.fm shouts, or unique pageviews of my website.

Click to read more ...

Tuesday
Jun032014

What Artists Should Know About AudioKite

Has this ever happened to you? You think you’ve written your best song yet, but an offhand remark from a friend plunges you into self-doubt. Wouldn’t it help to have feedback from music fans of your genre who have no incentive to sugar-coat their opinions?

Sure, you say! I’ll just use SoundOut, or ReverbNation Crowd Review (also powered by SoundOut). Unfortunately, my experience with SoundOut, and those of most of the commenters, left a lot to be desired. I’ve also received a mostly useless - but free - focus group from Music Xray, and even repurposed Jango aka Radio Airplay to create my own focus group.

AudioKite has built a better mousetrap. Here’s why:

Click to read more ...

Monday
Dec302013

Earning From Your Music Part 2 - Recording Christmas & Holiday Based Songs

This is part two of my series on how to make more money from your music career. If you missed it, you can see part one here. That looks at the different ways in which you can earn money from gigging.

Today though, I want to look quickly at the power of recordings songs for holiday events such as Christmas, Thanksgiving and the like.

Click to read more ...

Tuesday
Jun042013

The Influence of Community on The Pluralist Generation and Its Music Consumption

In 2012, we at Gracie Management created a model to predict high music consumption among Millennials and what drives music consumption, which led to great conversation. Since then, we have conducted new research and analysis, this time among the next generation – The Pluralist Generation (Plurals). The Plurals, as coined by Magid Generational Strategies, are those born beginning in 1997 and defined as least likely to believe in the American Dream, affected blended gender roles, last generation with a Caucasian majority, etc.

You can read the Gracie Management full report on the influence of music-based communities on Plurals’ music consumption habits – click here. For a quick take, here are the core findings and implications:

Click to read more ...

Wednesday
Oct052011

What Artists Should Know About ReverbNation's Promote It

Running a Facebook ad campaign is confusing. You bid for ad placement, but the price you pay bears little relation to your bid. What’s the difference between reach and social reach, connections and clicks, CPC and CPM? More importantly, is there any way to tell how many people played, downloaded, and shared your song, or signed up for your mailing list? (answer: no, there’s not)

ReverbNation’s new Promote It tool addresses those shortcomings, and then some. You pick a song, photo, and budget, and it automatically generates dozens of optimized Facebook ads based on past Promote It campaigns, and continually optimizes your campaign based on the performance of those ads. New fans click through to customized landing pages that track not just clicks and likes, but plays, downloads, shares, wall posts, and mailing list signups. As I’m quoted as saying in the press release, “It’s the ultimate ‘set it and forget it’ fan-making machine!”

I was invited to try it out and provide feedback during the beta period, and I’m flattered that some of my suggestions made it into the final product. So far I’ve run six campaigns. Let’s walk through the creation and performance of my latest and most successful one.

Click to read more ...

Monday
Aug292011

Broadcast Is Over

How many times have we been inundated on Facebook with “spray and pray” wall messages from “friends” promoting their music or tagged in photos and videos that bear no relevance to us? How many times have “Tweeple” tweeted us to watch music videos that we didn’t ask for and don’t have an interest in. It’s annoying isn’t it?

This happened to me recently (again) whereby I received a charming rock video that involved all kinds of torture, sex and death imagery (evident within the first ten seconds you could see where it was going … no major label deal for this band!). They were a follower of mine on Twitter. This video however, was unsolicited and not to my taste. Consequently, I blocked them.

Theoretically, we have permission so why do we find this kind of thing so irritating? Surely, by default, we are fans of our friends’ and followers’ musical endeavours? This got me curious why we feel this way and got me back onto a marketing strategy I am working on based on trust.

Click to read more ...

Thursday
Aug182011

Who Cares?

How important is it to know who really cares about your business or your music?

Until very recently, most successful businesses would aim to market their goods or services to the ‘safe centre’, the large section of society that follow the crowd in seemingly predictable ways.

Trend setters, geeks and super-fans were not worth marketing to directly because there are never enough of them to sustain growth.

Click to read more ...

Tuesday
Aug162011

What Indie Bands Can Learn From Rebecca Black: Ignore The Masses

Indie bands - By now, most of you will have heard of Rebecca Black, and if you haven’t, you will soon. I have a unique perspective on the young star and her effect on modern music marketing, but let’s go over the back story first.

Click to read more ...

Thursday
May192011

Question: Is this the best or the worst time for independent musicians?

The question: Is this the best or the worst time for independent musicians to be successful?

So here we are, in a world where the power to make, publish and become extremely successful from our own music has been stolen from the almighty gatekeepers. We no longer need third party executives to direct us, we don’t need giant media conglomerates to get our music out to a captive market. We no longer need to pay exorbitant amounts of money to people who don’t really deserve it.

Why? Because the tools, the technology and the means have been delivered right to our doorsteps. We can thank people like Sean Fanning (of Napster) for changing the way we discover music, and Mark Zuckerberg (Facebook) for delivering communication to the entire world right into our hands, and for developing an even wider network of social sharing.

Now for a fraction of the cost of going to a professional recording studio, musicians can set up their own home studio and make equally stunning recordings. They can upload to a digital distributor such as CD Baby, and within 48 hours their music can be sitting alongside the major players in iTunes, etc.

Click to read more ...

Wednesday
Apr202011

What Do Music Fans Want To Own, and Why?

I’ve spent my teenage and adult life obsessing over my music collection. Meticulously arranging hand labelled tapes and CD’s was FUN, but when the same job arrived for mp3’s, it became a massive chore. But I still felt compelled to own something, and so I continued for many years, wasting hours arranging an mp3 collection I’d not paid for. I passionately argued that I’d always want to own what I listened to, until the Spotify mobile app made that notion extinct.

Click to read more ...

Monday
Aug162010

The Individual Edition CD

This month I released my 8th full-length album, slated to be my last physical release. I might have gone the digital-only route this time if I hadn’t won free CD manufacturing from Disc Makers through the John Lennon Songwriting Contest. The fact that it was a physical release allowed me to take pre-orders, which provided the opportunity to test out my latest crazy idea - one that actually panned out for a change! Here is how I described The Individual Edition CD to my fans:

It will probably come as a surprise that I can’t create the exact same mix twice, even though the album was recorded entirely “in the box” on my studio computer. Arpeggiators randomly cycle through the notes of a chord. Panning effects start and end at different points. Some devices purposely insert glitches and other random anomalies. Beyond the occasional surprise, these differences are tough to pick out unless you know what to listen for. The qualitative listening experience is the same, but the fact that each mixdown is an “audio snowflake” gave me an idea:

Click to read more ...

Monday
Jul122010

The Jango Focus Group

Devo got loads of press by letting fans choose everything from the songs on their new album to the color of their hats. If you’re secure enough to make your own wardrobe decisions, you can get useful feedback on your songs by conducting a focus group on Jango. It only cost me $75 to play 12 of my songs to targeted listeners 3,000 times in a single day. The information I gleaned helped me select which track would open my new album, and persuaded me to cut two others.

Click to read more ...

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.

Click to read more ...

Sunday
Jan172010

About 1,500 artists break the "obscurity line" each year. Less than 1% do it on their own.

January 15, 2009:  Tom Silverman (TommyBoy Entertainment) tells Rick Goetz (Musician Coaching - great blog by the way) that in 2008, 1,500 releases broke the “obscurity line” (sold over 10,000 albums). 

Out of the 1,500 obscurity-breaking releases, 227 artists broke the “obscurity line” for the first time ever.

Out of the 227 first-timers, 14 artists did it own their own; approximately 106 were signed to a major; the rest were signed to indies.

Check out Tom Silverman’s New Music Seminar in LA on February 2nd.

 

To be completely correct, the title above should have said: “1,500 releases break the “obscurity line” each year.”  No more posting late night for me.  Too many errors and typos.