Tag Archives: attention economy

The Now & Then of Marketing Your Music

Gramaphone and vinyl days
Image Credit: djking

Just a little over ten years ago, the business of promoting your music to an audience was a very different animal indeed.

Certainly, Napster had hit and its impact was being felt to some degree. But the relative position, given the seismic shifts to come, was much closer to the heyday of major record labels, rather than the almost fully digital music world we see before us today.

The Lefsetz Letter is currently on a “Now & Then” kick, comparing various music and media approaches in a pre- and post-digital environment. This holds value  in music marketing terms as well, so here are my thoughts as to how it relates to the Man Your Virtual Merch Table series that we’ve been running.

 

Music Marketing in the Digital Era

Then

You had limited access to the mass marketing resources and distribution needed to reach fans. Signing a deal with an established label rapidly accelerated your visibility, via a few mass broadcast channels to fans.

Now

You have direct access to fans, limited only by the amount of time they spend online and the attention they pay to music. The cost is the time you invest, meaning that you need to choose the places carefully. Signing a deal with a more traditional company is no guarantee of success and needs to be done on your own terms (if it comes up at all, as investment in developing artists has plunged from these sources).

 

Then

Communication was to your audience and the channels limited. A certain distance from fans was to be expected, perhaps even aspired to, in order to maintain that “rock star” mythology.

Now

Communication is to your community and the channels are almost limitless. Distance from fans is impossible for all but the most enigmatic and talented of artists.  Direct relationships, collaborative efforts, and the art of asking are the order of the day.

 

Then

Recorded music was scarce and expensive, relatively speaking. Selling your record was the main focus of both marketing and touring, and listeners invested in the album purchase and built relationships with artists from there.

Now

Recorded music is abundant and inexpensive, often free. Selling a record, even a digital album, is the product of having built a relationship with listeners already, often on the basis of streaming music singles from your site or social networks. You need to think more widely about what routes and products you offer for fans to invest in you, the artist. From crowd funding an album before it iss fully conceived to purchasing a diverse range of merchandise, you develop relationships first, get the sale second.

 

Rules and RegulationsThen

Album cycles were the basis for promotional campaigns, usually on a record > press/hype > release > tour model. Release dates were widely anticipated, reviews and radio coverage important, first week sales and the resulting chart positions vital.

Now

Albums themselves may be passing into obscurity, with the format prevailing more for reasons of familiarity than necessity.

Lead time from recording to release is almost non-existent for independent artists, who can create music at home and release in the time it takes to upload a file. Single songs catch the attention (if you’re lucky) and build interest in subsequent releases, be they albums, EPs, or whatever the artist feels most comfortable with. Traditional release models are thrown out of the window, coverage is fractured and often to a niche audience via many small websites, charts are arbitrary as no one measure covers digital interest to any degree of accuracy.

 

Make Your Own Marketing Schedule

The final point there is a suitable one to leave you chewing on, as there are almost no rules right now.

New marketing standards and filters may well be developed in the years to come but, as it stands, the only limitations are those of your time and creativity. Traditional elements of communication to fans, press coverage, touring, and hype all remain key elements in raising awareness of your music, but the balance and structure of them is entirely up to you.

My recommendation is to experiment. Push the boundaries of what you’ve done before, be it pricing, promotional stunts, release format, or the type of press you approach to cover you. Move from a “why?” to a “why not?” mentality as you generate ideas to market your music, viewing traditional standards with suspicion and probing the potential of more outlandish promotional ideas.

What can you do to market your next release in a completely new way?

Think Lifelong To Kick Start Your Career In Music

Frank Turner & Fans LiveI’d always been a fan of Frank Turner, but it was a series of social media-centric events in 2009 that turned me into a fan for life.

The English singer-songwriter (“skinny, half-arsed English country singer”, by his own admission) tweeted some enigmatic request for Brooklyn-area followers to get in touch with him, as plans were afoot. Naturally I complied, feeling the urge to hear a familiar song sung  in a familiar accent, after several months away from the Motherland.

It turned out to be a show on a date that I would be out of town, yet the simple one-on-one connection with a musician whom I admired drew me into Frank’s blog and Twitter feed still further. This, in turn, resulted in another e-mail exchange on his way back through the tri-state area, through which I learned of a secret show in a tiny Hoboken pub (think pool table in the middle of the “dance floor”) and was able to attend an intimate gig that lingers long in my memory.

Through just a few personal touches, Frank had gained a life long fan.

A Lifetime Customer.

 

The Value of a Lifetime Customer

Lifetime Customer Value (LCV) is a somewhat inelegant marketing measurement that is, nonetheless, a huge boon to any artist serious about pursuing a long lasting career in music. If you’re in it for the long haul, you’re going to need a dedicated core of fans in it with you, no?

LCV is calculated based on the average spend over a set period of time, multiplied by the expected duration of the relationship. We can work in factors such as losing fans and the cost of keeping them around, but for simplicity the main areas to focus on here are these:

  1. What your average fan spends in a year, and
  2. How long you expect a given project to last.

The concepts are more important than the actual measurement, for the moment, as they get you thinking about where you make money on your music (and, more importantly, how you may be able to increase that average spend).

You also gain perspective on the differing contributions that your various musical projects are making to your income…

Which of your projects  have potential to expand into crucial income streams?

Which are more ‘for fun’ and should be prioritized accordingly, at least in terms of marketing time?

Understanding where your effort and time is best spent, along with seeing what the spend will be in return, allows you to contrast the value of a simple album sale or song download with the broader context of a fan that knows you, loves your music, and wants to support you for the long haul.

Turning Listeners Into Lifelong Fans

What success looks likeAs there is more and more competition for listener attention, so the distinction between a listener and a fan becomes increasingly important for you and your career in music.

You may begin to attract substantially more listens, be they monetized spins on Spotify or  indicative ‘views’ on YouTube, but without converting a good proportion of these folks to fans, then lifelong fans, making a living from your music will be all the more difficult.

I have a full series of articles planned for February and March that will dissect every inch of moving your listeners along this spectrum, from passive listener to passionate fan for life.

The truth is that it’s a slow burn for 99.9% of musicians.

Very few of you will soar from a tightly knit group of fans to superstar status on the basis of one amusing YouTube video or turning your cat into the next big internet meme (this is a valid strategy, should you wish to explore it… but, please remember, that a cat is for life, not just viral marketing). Relationship building, boosted by new media connections, and incremental nudges are at the core of what I believe is the key to succeeding as an independent in the music industry, now that the old models are falling away.

Starting next Monday, we’ll be looking in more depth at the concepts that relate to building a long term fan base and calculating LCV to understand your income from music. To avoid missing this journey, sign up for the e-mail updates over there in the top right hand corner.

I’m excited to start a discussion around these ideas and eager to hear what you want to read about in more depth. So come on, overload me with posts to write by telling me what you need here in the comments!

Life is too short to just sing the one song,

So we’ll burn like a beacon, and then we’ll be gone.

~Frank Turner – ‘Poetry of the Deed’

Creative Music Marketing (On a Shoestring Budget)

Music marketing matters. Hopefully we established that in the mini-series of the same name earlier this year.

What keep on coming, though, are the examples of independent artists getting creative with their music marketing.

From 10,000 hours of practice to getting social across many media, there are plenty of theories on how you should be behaving as a musician seeking to break out. But what are your peers doing, down in the trenches of small clubs and minimal budgets? How are inspired artists communicating what they do and what fuels their passion?

Most importantly, what can you take away from the examples of others and use in your own marketing efforts?


Leading by Example

Music marketing inspiration

To continue the spirit of the MMM series, every week I’ll be posting a few brief examples of smart, affordable marketing from musicians at your level. Not artists with major label backing. Not those who have hit it rich with a lucrative licensing arrangement. Just those taking an alternative or interesting tack towards spreading their music and winning new fans. Each example will have a more general marketing takeaway, that you can then apply to your own situation.  

Continue reading Creative Music Marketing (On a Shoestring Budget)

Music Piracy & the Profit Tipping Point

Music Piracy FlagSome significant data were released last week by the (suddenly very visible) music reporting service, MusicMetric.

Significant, in this case, equates to over 400 million instances of illegally downloaded music around the world during the first six months of 2012.

Disaster.

Crisis.

Death of music. 

And yet…

Of Piracy & Profiteering

What most struck me about this report is that the headline artists, those most downloaded in any given country, aren’t of the old guard. From Drake in the US, Ed Sheeran in the UK, and the largely unknown Billy Van in a number of other countries, all are musicians who have risen to prominence in the last few years. Continue reading Music Piracy & the Profit Tipping Point