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Thanks for your reply . A lot of things you mentioned I've been thinking about as well.
| quote: | Originally posted by zodiac9
I've had that idea for years, that record labels should release everything for free, and rely on sponsors for revenue. Youtube has done this in a loose way. Selling music became pointless years ago, yet labels still insist. |
You, me and many others before us. There's a difference between thinking of something and executing it. And then there's just executing it or executing it well . I'm not saying my concept of a record label will be perfect, but I will to the best I can.
I don't think selling music is pointless at all. Any product is worth what people are willing to pay for it in my opinion.
| quote: | | The above should be the focal point of your narrative (free downloads and streaming). |
I've moved the remarks about free music to the top of the list. I won't put it in the actual taglines, there is way more to the concept than music being available for free.
| quote: | | Get the makers of DJ hardware to sponsor, and offer the ability to make seamless, streaming playlists. Market to DJs first, then expand. |
Regarding sponsoring. I'll need to keep my options open but I want to limit that to an absolute minimum. Nor am I excited to see my website(s) filled with ads. The music listening experience on the record label website is a challenge but doable.
I don't aim for dj's to be my main audience. I'm looking for true music enthusiasts over dj's. This is a much larger audience albeit a tad harder to reach usually. This is where the free segment comes in to play as an extra stimulus.
I don't intend just market to dj's first. They're not my main audience of interest, even though the early majority will automatically be dj's because of their interest for music.
| quote: | | Why even offer tracks for sell on other portals? I think you should have exclusive content. You want people to have a reason to visit the site, don't discourage them. Selling something you are offering for free elsewhere, bad idea. |
Quite the opposite. Independent research (By Nielsen) has shown people consume music the way (and time) they prefer and otherwise are a lot more likely to just skip it. Every method you fail/refuse to adopt is a missed opportunity in gaining exposure/fans/sales/streams.
Some people prefer to pay, some don't. A staggering majority would consume music through legal channels if the music is available in the way they prefer (which for a lot of them means the music should be freely available). Roughly about 40-50% of all consumed music is from a pirated source, if offering music for free would only attract 10 or 20% of those pirates you already massively increase your audience and should be able to monetize that in several different ways. Seperately from downloads/streaming.
| quote: | I think you have the right idea, this is about the only way small record labels can make a profit in this new age.
I might lend a track or 2. |
Thanks. Looking forward to it .
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| quote: | If less is more think about how much more more would be.
-Frasier |
Last edited by Storyteller on Jan-16-2014 at 11:11
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