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DreamTitan
Senior tranceaddict
Registered: Sep 2004
Location: New Jersey
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Luke Cartwright:
"I don't really see how reviews will make your download service better than others, most people tend to make their own mind up about music, correct."
People do make up their own mind about music, espcially when they punch in their credit card number to actually spend money on it. Im not making up the mind for the customers, i'm simply assisting them in making a choice amongest hundreds of artists and thousands of tracks.
"For example my friend likes hard trance, I prefer trance and even if he says a tune is good it doesn't mean I'm gonna like it."
Excellent example, because you know your friend prefers music that you don't like you generally wont take his word for it. What I intend to do is a bit different.
Lets pretend your friend is a reviewer/writer. You've read his reviews and even bough because of those reviews once or twice, each time a little disappointed. I, on the other hand, have also purchased from your reviewer friend and I find my tastes similar with his. This leaves me with a reviewer who will be reviewing songs, upon thousands of songs, and suggesting to me which ones I will most likly prefer based on my associatation with his tastes.
"We all hear tunes being played by Dj's, radio and other sources nowadays so If we like a tune and say audiojelly has it for dl we don't wanna sit there and read someones review on it when we have already made our mind up about it."
I'm not forcing you to read a review, but the service is there if you want it. Its for people who want some type of dance music but don't know where to start, good for getting new comers into the scence quickly. We all know the more popular it is, the better it becomes.
"As for undercutting these already established sites I think that an artist/label is gonna go for the one that will give him a better return for his music. I would rather my tracks be sold for say 1.50 dollars than 1 dollar would'nt you? Fair enough these sites are not gonna sign up every artists/labels work but if its good enough they are not gonna turn it down."
But is that particular label protecting its self interest, what about its rights?, is it getting enough traffic to sell a significant amount of music? Advertising is the major component which I would plan to budget more then enough to drive customers to my website over the individual label's website. It could be more economical to sell 20,000 mp3z (25cents each)and make $5,000 then it would be to sell 400 and make $750. This you cannot argue.
"Good idea but these are just my views, I realise competition is good but be prepared to accept a great loss and some very pissed off artists if it does'nt make it."
Failure is very common in this world, everything we do is a risk and success is not measured by how much we gained but the risks we took along the way. Im greatful for your views and your constructive comments, shows intelligence to make points without being nasty.
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www.TranceCritic.com
Seeking More Writers.
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Oct-26-2004 23:28
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DreamTitan
Senior tranceaddict
Registered: Sep 2004
Location: New Jersey
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| quote: | Originally posted by mike_stefan69
why the hell should we vote for you since the idea is not exactly new?
you havent even bothered to do your research properly |
I didn't know you had the inside scoop to my business plan, I did do my research and these stores, while although ahead, are not what I plan to do. My idea is not new, I knew that before hand. itunes, napster and other online stores have already begun to sell music over the internet before I even submitted my entry (but not before I originally came up with the idea, like 3 years ago). My idea is new to the point where I want to become the central "go-to" place for electronic music over the internet, we currently do not have one of those, and i cannot give audiojelly THAT much credit. While although some is deserved.
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www.TranceCritic.com
Seeking More Writers.
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Oct-26-2004 23:32
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DreamTitan
Senior tranceaddict
Registered: Sep 2004
Location: New Jersey
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I just wanted to post an update of our position and rank.
As of Oct 23 we are ranked 253 in our Category and overall ranked 602 out of 19,004 ideas. With an 88% feelin' it average. Thank you guys for the ones who did vote.
Also thank you for pointing out the things you did point like, Tranc3,Luke Cartwright. It has helped me identify loopholes and fill them in with other business ideas.
If anyone has any other feedback (constructive) please share it, cause hopefully in a few months we'll all be able to enjoy the service i'm trying to provide.
___________________
Founder
www.TranceCritic.com
Seeking More Writers.
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Oct-27-2004 13:41
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DreamTitan
Senior tranceaddict
Registered: Sep 2004
Location: New Jersey
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Swamper:Sorry about that.
DaveT:
Your point are very true, in fact i've heard that arguement before. Leaning on a particular artist or being biest to a particular song for the wrong reason would be any mp3 store down, however its a thin line. What I have to do is evaluate my position, my logic is that I will only make money if the customer makes good decisions for them. I cannot control this fact, only to an extent, but having unbiest reviews could turn from a conflict to a competitve advantage. All songs will be priced evenly, so if a customers downloads artists A or artist B i'm still making my money.
Another idea (Yours) would be to create two seperate entities which are linked to one another, It makes sinse because I could also be a reseller for another store (Independent label/artists) which has artists that I do not carry, for legal purposes.
Setting up two different entities, deffinitly something to think about.
Thank you for the feedback, your helping me in more ways then you know.
___________________
Founder
www.TranceCritic.com
Seeking More Writers.
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Oct-27-2004 19:07
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DreamTitan
Senior tranceaddict
Registered: Sep 2004
Location: New Jersey
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| quote: | Originally posted by torontotrance
Go for it, avoid what jetgroove did wrong, you could get all the labels that wanted to completely sue them till kingdom come, to help you with yours, if you found the right mix or everything. |
Thank you for the positive comments. Unlike any other stores that opened i'm going to make sure I protect myself legally. One way of doing that is signing contracts, protecting artists rights, and letting everyone make money.
If you would be so kind as to explain the story of what happened with this particular mp3 store I would be most greatful.
___________________
Founder
www.TranceCritic.com
Seeking More Writers.
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Oct-27-2004 19:10
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