Beyond Free - How to make Money When It is Free
It doesn't matter what kind of music you make. New Rules by Bob
Lefsetz
Forget everything you know prior to this date. About radio, labels
and arena tours. That system was built for a different era. You
build your own audience. There's an established niche for every
genre. From folk to metal. Don't worry about playing to everybody,
just play to somebody. The last thirty years, the MTV era, has
been about giving people what they want, which is just like what
they're already consuming. Major labels and major media, most
especially radio, had control of a narrow sieve and if you didn't
fit, you couldn't play. That is not true today. Those powers mean
ever less. You can reach your audience easily online.
You've just got to start. You've got to be good. Learn how to use
Pro Tools/Logic. Fans are your best friends. Play live as much as
you can without losing money. Have something to sell at gigs.
Social networking is for fans. Stardom is on your own terms.
Recordings, once you've got traction. You want an album for the
gig. Once you've gained huge success, release a steady stream of
music. YouTube, your fans will post clips. Imperfections work for
you. Don't sell out to anyone unless you're in it for the short
haul.
Keven Kelly - Better Than Free - Patronage:
It is my belief that audiences WANT to pay creators. Fans like to
reward artists, musicians, authors and the like with the tokens of
their appreciation, because it allows them to connect.
But they will only pay if it is very easy to do, a reasonable
amount, and they feel certain the money will directly benefit the
creators. Radiohead's recent high-profile experiment in letting
fans pay them whatever they wished for a free copy is an excellent
illustration of the power of patronage.
Marty Winsch told the story of his client Corey Smith by Bob Lefsetz
Corey Smith
was a high school teacher.
Playing gigs on the weekend. Marty was booking a venue. Was there
any way to make headway, for Corey to support his wife and two
kids playing music? Absolutely said Marty. But first they had to
release the equity in Marty's recordings. They had to make them
free on his site. To everybody.
And it was this giving away of the music that was Corey Smith's
tour support. They didn't need a nickel from a label or a fat
cat. Because once people heard Corey's music, they had to see
him live.
Which they did. In 2007, Corey Smith grossed $1.7 million. This
year, not even half a decade into Marty's management of the act,
Corey's going to gross $4.2 million. Free music built the base.
Fan rabidity blew the act up.You can buy the tracks on iTunes.
They've sold 420,000 so far. When they experimented last summer,
and took the free tracks down from Corey's site, iTunes sales went
DOWN! So, they put the free tracks back up. Actually, people
e-mail Marty every day, asking for a track.
AND HE JUST E-MAILS THE SONG BACK!
Not everybody's ready to commit right up front. The free music
allows people to try Corey out.
Marty Winsch Mountain Entertainment
[p] 864-962-8220
They don't want radio play. They gave a station in a city sixty
tickets to give away, but only on the condition that they DIDN'T
play the songs. Marty wants people to experience Corey Smith live.
That's where it happens.
And Marty wants it to be easy. So therefore, he sells FIVE
DOLLAR TICKETS! Yes, he rewards fans. Tickets are CHEAPER on the
on sale date.
And let me ask you, how many people are going to tell their
friends they scored such a deal? And maybe drag them along with!
That's your marketing. Your fan base. It isn't about hiring a PR
firm or using Twitter.
Actually, Marty pooh-poohs most technology. He says you've got
be wary that the technology doesn't get ahead of, doesn't
overwhelm the act.
He doesn't use Google Analytics to find out where each and every
fan is. Marty goes on feel.
He, and his uber
agent Cass Scripps
just
go into a new territory
, and although the first gig might be soft, the one after that
never is.
Because Corey delivers. Actually, that's important. Marty has
tried releasing the equity, giving away the music of other acts.
But they haven't succeeded. Because they're just not good enough.
If you're truly good, you don't need anybody else's money, your
recordings can be your tour support, they can put bodies in the
seats, you can build a career. But Diarmuid exclaimed, you're
leaving so much money on the table! But this slow growth plan
makes fans, keeps them connected, keeps them coming to the show.
Explode it and you might make a killing overnight, but then what
are you going to do tomorrow?
Nobody could criticize what Marty had to say. They just marveled
and were envious. Because Marty had exactly what they wanted, a
gold mine. And it was based purely on music. No corporate
sponsorship, nothing the talking heads tell you is necessary to
succeed in this business today.Are you as good as Corey Smith?
Probably not. Which is why you keep complaining that everything
you do doesn't deliver results. If you've got something truly
great are you willing to manage it? Willing to say no instead of
yes? Yes when everybody else says no?
Whenever anybody e-mails Marty and asks if they can meet Corey,
Marty always says YES!
He tells them when to show up for the meet and greet.
This is the new paradigm. Eliminating the gulf between the act
and fan. Trusting your audience.
That if you're damn good, they'll give you all their money.
You don't have to play by the old rules. You don't need any
money. You just need good music. And good management.