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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 money (18)

Friday
Oct302009

MTT launches the Indie Maximum Exposure 100 Blog

As of today, you will find a new menu item in the Music Think Tank menu that is simply labeled 100.

The Indie Maximum Exposure 100 blog was created by a team of industry experts and by artists that are making a full-time living from their music. 

The 100 is an essential read for all artists; it’s a clear and concise guide to 100 important things every artist should consider.  Check out the Indie Maximum Exposure 100 on Music Think Tank.  Here’s a category list:

The Entire List (100)
Fostering Relationships (13)
Making Money (12)
Mindset/ Who You Are Being (16)
Online Resources (Where to Submit) (20)
Recording and Releasing Material (8)
Social Media/ Internet Strategy (16)
Touring/ Live Performance (15)

 

Wednesday
Oct282009

In Defense Of 1,000 True Fans - Part II - Matthew Ebel

In part ii of my 1,000 true fans series I chose to interview my friend Matthew Ebel. I have known Matthew for a few years because he runs in the same geeky podcasting circles that I proudly run in.  Matthew is the type of artist I refer to in my book as a “Builder” meaning Matthew is constantly pushing his career forward using not only musical innovation but also technology.  

What I find most striking about this interview is the fact that Matthew makes 26.3% of his net income from just 40 hard- core fans.

Click to read more ...

Tuesday
Oct132009

In Defense Of 1,000 True Fans - Part I - The Mountain Goatsl

Since I started my career in this business. I’ve always been working within the 1,000 True Fans model.

Here’s my story: In 1996, I was living in Boulder, CO and I had just started Ariel Publicity, my boutique PR firm.

Acoustic Junction and Zuba two local bands became my first clients. Both had been staples in Boulder for a couple of years, and both made fantastic livings touring and selling their independent releases from coast to coast. They did this with no label, no distribution, and no major marketing budgets: just a manager, a tour manager, and me.

I also represented The Toasters, Bim Skala Bim, The Slackers, and Skinnerbox, (and practically everyone touring during the third wave of Ska).

These artists and dozens like them all made full time livings from playing and touring.  They had a core group of fans that supported them by seeing several shows a year, buying merch and buying albums.

Today, it feels revolutionary when we hear about bands that make a living based on their music.

What happened? What changed?

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Tuesday
Oct132009

How I knew I was done with my company

I thought I would never sell my company. I started it as a hobby in 1997. When NPR did a story about me in 2004, I said I’d stick it out until the end, and I meant it.

In 2007 I did a ground-up rewrite of the the website from scratch. And man, it was beautiful code. My proudest achievement of my life so far is that backend software. Wonderfully organized, extensible, and efficient: the culmination of everything I’d learned about programming in 10 years.

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