How Flexible Pricing Can Help You Sell More Merch

This article originally appeared on CD Baby’s DIY Musician Blog.

Why the Value of Your Merch Changes Every Day

Let’s say you just started a hot-sauce business. The price of your product probably changes depending on the buyer; lower-end grocery stores, shi-shi markets, restaurants, and direct customers on your website will all pay a little something different for the same mouth-burning sensations— to say nothing of the folks who will try free samples at the store.

Musical products aren’t that different; the value of your merch changes from gig to gig, and should (or could) be priced accordingly. This is NOT “Name-Your-Price,” but an alternate system where the band and manager keep the context of the concert in mind when setting today’s “market price.” And unlike fish, your music won’t grow stale,… right?

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Band merch 101: What to make, how to make it, how to sell it

Music merchandise has always been important to bands, both as a source of revenue and to help raise awareness of your ‘brand’. Fans love buying merch too - the music we like is closely tied in with our identity, and wearing a band’s t-shirt is a way of showing off that identity to others. Now, merch is more important than ever as a way of making money. For many independent artists, the music itself is almost a ‘loss leader’ - given away to promote live shows and merchandise. But what should you sell, and what’s the best way to sell it?

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Merch Table Essentials: 15 Ways For Musicians To Increase Sales, Fans and Efficiency

As album sales are becoming a less meaningful component in the overall success of an artist or band, the live performance sector, including ticket sales and merchandise sales, is becoming increasingly important. While the live show itself must be unique in order to encourage repeat customers and ultimately drive ticket sales, the merchandise table has the opportunity to drive significant revenue and first hand, artist-fan engagement. But just having a merch table is not enough, as there are essential elements that must be accounted for in order to make the effort worth while.

Assuming that you have accounted for the typical ‘guts’, such as T-Shirts, CDs, Hats, Stickers, etc. there are essentials to any effective merch table that will do three very important thing:

- Increase your sales

- Increase your long-term engagement with new and existing fans

- Decrease wasteful overhead when investing in the merch for your next tour

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