Most indie artists don’t have a lot of money in the bank, but if you’re going to spend your valuable savings, there may be alternative (I.e. less obvious) investments you can make to enhance your music career. What follows are seven ways to spend your money when you’ve got money to spend. Read more.
In a world driven by social media, fans want to know what you’re up to, what you did today, and what you were thinking about when you wrote the lyrics to your latest single. In the new industry, this is where much of the value lies. Fans don’t need more ways to buy new music; they need more reasons to. Give them an invitation into the journey and you’d better believe they’ll pay to gain that kind of access. Read more.
Once you understand that your fans want to know your story and the stories surrounding your music, it kind of goes without saying that they want to be invited in. Successful indie artists offer up something even greater than just their new music: they offer a new and personal experience not available anywhere else. Read more.
Fan funding through direct-to-fan platforms puts you in the driver’s seat and enables you to make proactive decisions at every turn. No longer do you have to wait until after your album releases to see how fans will respond to it, who’s going to buy it and – gulp – if you will in fact be able to tackle the surmounting debt you’ve accrued in the process of recording, producing, mixing, mastering, marketing, and distributing. Read more.
In our experience working with artists from Ben Folds to the Beach Boys, we’ve found that fans want to be a part of a journey — the entire journey. If I love your music, I don’t just want to pre-order your new record. I also want to get a signed copy of the record and possibly a painting you made just for me. I may also want to meet you for dinner or see my name in the album credits. Read more.
In nine months, Cheryl Engelhardt raised over $25,000 in fan donations to fund the production of her record One Up. It’s possible, but no one will give you a dime if your campaign is “I really really want to make a record – please give me money!” You need to create an opportunity for your fans that will inspire them to participate. Read more.
For decades, record labels have served as “banks” for musicians, loaning artists money up-front to write, record, and release their music. In the utopian scenario, this up-front money (an advance), would be paid back from the artist’s royalty earnings from album sales (recoupment), and everyone would walk away happy. Read more…