A Buyer's Market: The way we purchase online music
April 18, 2008
Laurence Trifon in File Sharing: Friend or Foe?, Internet Strategies, Resources, & Websites, Marketing Strategies

The NDP Group published a study this week that found that only 10% of Amazon MP3 customers had also purchased music on iTunes. The study also found some significant age and gender differences between iTunes and Amazon MP3 customers.  

When I read this, it reminded me of an important point which musicians and labels should always keep in mind: There’s not an online music market; there are many online music markets. And each one is its own little world with its own set of core users.

Most consumers I know, myself included, tend to gravitate towards one or maybe two online music services and use them almost exclusively to acquire music. The Rhapsody folks I know use Rhapsody. The iTunes loyalists use iTunes. The only times they venture out to other services is when they really want something that they can’t find on their preferred site, or in certain instances when they want to buy from an artist directly.

When it comes to marketing your own music, it can be tempting to want to sell your album only on those sites that offer the highest payouts. Or to think you can convince droves of listeners to purchase your music from your own website. But the reality is that it’s very difficult to get customers to go where you want them to go.

It’s critical to make your work available wherever your fans like to purchase music. That includes smaller, niche sites as well as the big retailers. Putting your music in more places is like opening stores in new cities. It can only increase your customer base. And the likelihood that you’ll cut into downloads on one site by making your music available on other sites – even for very cheap or free – is low. If I want to buy your album and I’m an iTunes user, I probably won’t even look at Amazon, Amie Street or other sites where I could find your music for a lower price. I’m just going to buy it from iTunes. It’s convenient and it’s what I know.

Instead of worrying about cannibalizing or losing sales, focus on being present everywhere that your potential fans buy music. You have little to lose and much to gain by doing so.

Article originally appeared on Music Think Tank (https://www.musicthinktank.com/).
See website for complete article licensing information.