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Anyone can join the discussion and contribute relevant articles to Music Think Tank.  Begin by signing up and then logging in to publish your posts directly to MTT Open. Please make sure that your posts are in the proper format before posting (see previous posts) and that there are minimal errors such as grammar or spelling. Popular articles are occasionally moved to the front of the site. Contributors own and operate this blog (more info).

Entries in Are you really selling music (4)

Tuesday
Jun182013

Think of Your Music as a Service, Not as a Product

As an independent recording artist, do you think of your music as a service or as a product?

When the phonograph debuted in 1877, the traditional service of music (live performance) was transformed into a product (recordings). This product was stored on physical media — wax cylinders that eventually evolved into vinyl records, 8-tracks, cassettes, CDs, digital downloads, and other formats. This single innovation, through its ability to reproduce recorded sound, forever changed the way we experience music.

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Thursday
Feb072013

Pairing Music with Tangible Products

I released my most recent album called “Tea for Tyrants” under the following three guidelines: 1) Music is free 2) Music is everywhere and 3) Music needs context. The price tag of free makes it unrealistic to expect strangers will pay to consume my music through standard channels - iTunes, bandcamp, etc.  Similarly, the ubiquity of music reduces the likelihood that my music will attract large audiences at live events to generate significant revenue. 

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Tuesday
May152012

Why Music is Less Valuable Than Expertise and Information...?

Today had me thinking about two questions that i want to address with you… Is music less valuable than expertise and quality information? And is this why music cannot be sold for high prices?

Unfortunately, just knowing something, or having experienced something, doesn’t mean all that much. At least in terms of creating and adding value to peoples lives. Although there are many things that you can grasp and understand creatively and in the realms of your own thinking, this is NOT where the value comes from. With any content that you create, whether its an article, a book, a program, or a song… The value doesn’t come from your knowledge, the value is created by you speaking directly to an immediately recognizable  issue/thought or feeling. With information products, you then of course uncover the solutions that you’ve found and explain how people can use them to improve some aspect of their lives or business.

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Monday
Nov012010

New in MTT Open: Hyperlinks, Pay to Play, Face the Interface, and Are You Really Selling Music?

Are You Really Selling Music? Nate Talbot poses a simple, yet powerful question: What am I selling? The post tells the story of Ray Kroc who helped McDonald’s become one of the largest fast food chains in the world. According to Kroc, he was in the real estate business because every McDonald’s was located in a high traffic area. The point that Nate is trying to make is: YOU are the product. Artists connect with fans through their music and their stories

“Music is more than a series of notes that someone enjoys hearing. Music, unlike any other medium, is something that consumers make personal.” (Read on )

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