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Wow, just met a young guy making £9k profit per month from EDM. (pg. 2)
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| MSZ |
| Whats his label? I'd like to hear his cancer. |
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| meriter |
| quote: | Originally posted by Richard Butler
+ Various ghost producers in low wage foreign nations produce the tracks
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wow gross
maybe I can go get a job at an EDM factory |
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| Viber |
I have a slot opening in my EDM sweatshop if you're interested, pays 50 cents a track and there's even a window in the basement.
THIS COULD BE YOU! |
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| Richard Butler |
| quote: | Originally posted by MSZ
Whats his label? I'd like to hear his cancer. |
No way can I disclose a clients details mate, I could be sued and have my reputation soiled. |
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| Richard Butler |
| quote: | Originally posted by Raphie
Let's say he has been doing this for 3 years, now managing 14k tracks
Let's say he works 48 weeks a year.
That means he pushed out 14000/3/48
=97 tracks a week, every week.....no way....
Maybe he sells dope with it? |
I think he's being doing it about 8 years and a lot of tracks will go out as one release as it were.
When I get fuller detail I'll share it. |
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| Richard Butler |
| quote: | Originally posted by meriter
wow gross
maybe I can go get a job at an EDM factory |
Lol!
I know he deffo uses some people in poor South East Asian countries which kinda surprised me as those he mentioned I'd never associated with EDM. |
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| tehlord |
| quote: | Originally posted by Richard Butler
Lol!
I know he deffo uses some people in poor South East Asian countries which kinda surprised me as those he mentioned I'd never associated with EDM. |
I bet they check their PM's though :rolleyes: |
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| Looney4Clooney |
the sales curve of modern EDM is pretty ,much a negative exponential vurve with a very steep slope that approaches 0 after 1 week.
The karaoke stuff might be possible but I would say the person is trying to get you to invest money in some form. In terms of EDM, there is absolutely no way he is making back end off no name tracks that are 4 years old.
I think the fact that someone making money is letting you in on his secret pretty much all you need to know. People making money don't typically share how. I would of disregarded this the second some person i don't know is telling me how he makes so much money. It doesn't make sense. |
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| DigiNut |
| quote: | Originally posted by Looney4Clooney
I think the fact that someone making money is letting you in on his secret pretty much all you need to know. People making money don't typically share how. I would of disregarded this the second some person i don't know is telling me how he makes so much money. It doesn't make sense. |
Bull.
First of all, farming jobs out to dirt-poor countries and selling the output at a ridiculously inflated price in Europe and North America is hardly a "secret". It's been done in the engineering, manufacturing, and testing industries for the past 20, maybe 30 years at least, and is so popular that there are now actually businesses (both here and in those countries) based entirely on helping to connect businesses to offshore resources and managing the relationships.
But more importantly, ideas and business models aren't worth dick, and the only people who believe otherwise are those with absolutely zero experience in self-employment. Running a business or consultancy is mostly about (a) networking and (b) understanding the product or industry. I guarantee anyone reading this that the most brilliant idea you ever had has also been had by a million other people, most of whom just didn't have the combined knowledge, ambition, time, and risk-tolerance to actually execute on it.
You think just because we all know in theory how this guy's business operates, that we'd be able to set ourselves up as competitors within a couple of weeks? I doubt it. As Richard pointed out, it seems to have taken him over 5 years to really turn it into a profitable business, and he's apparently doing all the packaging and cover art himself. Most people just aren't going to drop everything they're doing and move into that line of business just because they heard the idea, and major labels probably aren't interested in that niche either because they're essentially running the exact same business model locally, setting up insanely lopsided record deals and profiting through PR.
There just aren't that many trade secrets like the Coke formula. Most successful people actually are willing to share their methods because their methods are pretty mundane and not a secret at all: Find a niche you're good at, negotiate well, work hard, and delegate as much as you possibly can. A lot of them are even willing to share the specialized industry knowledge they've picked up at conferences, blogs, etc., for free (and for publicity) but most laypersons would take years to get to the level where they could actually absorb it. People don't need to hoard knowledge in a society where it is possible to create wealth. When everybody shares at least some of what they know, others end up sharing newer ideas that benefit the original party. Yes, the world really does work like that, and no, it's not altruism, it's just a very refined and strategic form of selfishness.
Problem seems to be that everyone in here is looking at this dude through the lens of a producer, and most producers here are artists first and businessmen second (if at all). Which is totally fine if it's just a hobby or if you're trying to cultivate a "starving artist" persona. But obviously his client isn't an artist, he's a businessman through and through. That's why he's making way more money than you'd normally associate with "EDM" - because he's essentially a distributor, not a manufacturer.
If you wanted to do this yourself, you'd probably have to give up actually producing the tracks, and the production is the part that most of us here actually enjoy, isn't it? |
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| itsamemario |
| Just because he said he packages the artist as a product, doesn't mean he personally does it himself. He probably has that outsourced too. ;) |
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| Looney4Clooney |
diginut,
there is also the fact that EDM that does not fall in the period before 2000 ish does not sell beyond its first month. Now this is the actual names so I would find it incredibly hard to believe some no name is getting a backend monthly. THe karaoke, sure. But not the EDM. Not on itunes, and definately not on beatprt.
and no , people don't tend to divulge information regarding how they make money from not actually doing anything. That can be replicated and those people will guard their sources and their method like a producer that knows one trick/ |
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| DJ RANN |
The bit I'm struggling believing (and I am actually the exception you're talking about Diginut - a business person first and a producer second - I own two businesses that i created from the ground up completely unrelated to EDM) is that the catalog is gradually generating more an more profit.
now maybe he's created a few monikers and puts out different content under each name depensing on style, but Richies point is true; the money stops unless you continually provide content to it doesn't increase (unless you somehow made a "popular" artist that got more following but that's very hard to believe).
Karaoke can make money, but that industry makes it's money off known hits, not instrumental or disposable EDM.
That back catalog is not like a music library where people will pull it for years thus generating royalties - EDM doesn't sell like that.
I know one guy that owns his owns a multi platform music marketing business as his dayjob but has been a fairly sucessful three piece trance group for about 10 years. He's had a couple of big hits for EDM and in all that time his licensing has amounted to less than $50k. The guy is very well connected and is a very good networker, and again, he owns a music/artist marketing company and even he is not making the figures that this kid seems to be.
I'm not denying that this guy could have farmed out production of tracks for tuppence a piece but the sustainability model whether it be licensing, direct sales, itunes etc, is just not there.
I have a feeling this guy is up to something else - like ghost producing for composers or producers. That might well generate the income; endless EDM catalog? Nope. |
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