General Business

July 01, 2009

Secrets of a 20-Year Music Career

Nkotb3 The blond in the photo to the left is my friend Celeste.  The photo to the right is also Celeste, about 20 years ago.  Celeste

What's changed in her life?  A lot...

What hasn't changed?  She's still crazy about New Kids on the Block.  In fact, the only reason that photo to the right made it out of an old photo album is because she used it as part of a contest to win backstage passes.

On this tour, she's going to see the group in St. Louis, Memphis, Dallas, and Houston.  But it's how she's going to see them that I find interesting.

Here are a couple of photos from her trip to last night's show in St. Louis...

Nkotb1

Nkotb2

What kind of person would decorate a car like this and drive hundreds of miles to see a show?

A superfan!

Let's face it... The music business is changing.  It's easier than ever to download music for free, and while there are a lot of new and exciting ways for musicians to make money, album sales isn't necessarily one of them...at least when it comes to "casual" fans.

That's why it would be a smart strategy for you to work on developing relationships with fans who will buy your highend stuff again, and again, and again.  Fewer fans, more money.

You're probably heard the "1000 True Fans" argument, which says you can make a pretty good living if you've got 1000 people spending $100/year with you.

It's true.  You can make a good living with "1000 True Fans."

But what would happen if you focused on developing "500 Superfans" who would spend $300/year with you?

You've just increased your income by 50%, even though you only have half as many fans...

What if you could do both though?  What if you could have "1000 True Fans" and another 500 people who would spend much more than average?

And what if you could have these relationships for 10 or more years?

You can...but you have to work on creating a solid foundation you can build upon.

My question to you... What are you doing to develop these "superfan" relationships?

Post comments below.  I'll also be adding my own ideas over the next few weeks, so subscribe to this blog to make sure you don't miss anything.

June 30, 2009

I Love This Woman!

Dolly Parton makes me proud to be from Tennessee. Not only is she amazing at both music and business, she is a total class act.

Any musician interested in establishing a rock-solid, long career, should really study what she's done and use it as a blueprint.

I suggest taking a look at her entry in Wikipedia and checking out the video below for starters...

More videos from Dolly...

Are there any artists you feel handle business well and also do a good job of managing relationships with fans? Post 'em below!

April 27, 2009

The Importance of Your Name (and Your Band's Name)

Just received a short video reading from numerologist Melani Ward with her thoughts on me, based on my name and date of birth. If you're interested, here it is...

Those of you who have really studied music theory have surely noticed the ways everything about music fits into a nice box.  What we call "music" is totally based on math and numbers.  Because of this, numerology was a pretty easy buy-in for me.

Whether you believe in numerology or not, people do judge us and react to us based on our names.  Several studies, such as this one, have been done on the subject.  Companies spend big money coming up with the perfect name for their products.

I could write a book on the importance of naming your band.  If you want to hear the subject discussed with major players in the industry, check out some of the "Demo Derby" segments during episodes of Music Business Radio

Your name sets the stage for things.  A name like "Kill the Unborn" pretty much sets the expectation for the kind of music you perform, so don't try and be cute by playing something soft and sweet.  A good name should have convergence with everything else about you.

Can it work the other way around?  Is there more to this than meets the eye?  You tell me.  Also, if you've had some band names that didn't work, I want to know that too!

Leave your thoughts below...

April 13, 2009

Why American Idol Works

Just got an email from a friend, who also works in music marketing, with some comments on demo and performance critique, which I feel are worth posting here...

"The reason American Idol works is because Simon Cowell doesn't barf up a bunch of bullshit compliments every time daddy's little girl gets up to sing karaoke.  When he DOES compliment someone, it means something.  This whole 'let's just love and support everyone's awesome ideas no matter what' philosophy seems better suited for a corporate team building exercise than a legitimate music business event."

I agree.  Your audience knows if it's good or not.  The only people who don't are those too close to the music...the performer, the writer, relatives, people on the payroll, etc.

Unfortunately, we often surround ourselves with an "inner circle" of people who are way too close to give us a non-biased opinion.  It's like getting all of your "news" from Rush Limbaugh (or Michael Moore).

I encourage you to take a look at the people you're surrounding yourself with and look outside that group to make sure you're getting the whole story.

Want a professional review of your music?  Send me something, I'll play it on Music Business Radio, and have my guest critique it.

Send CD and bio to:

Tuned In Broadcasting, Inc.
ATTN: Music Business Radio
1310 Clinton St. Suite 200
Nashville, TN 37203

And feel free to share any thoughts on the subject below...

January 16, 2009

Twitter Bites Man in Ass

Guy does a presentation for FedEx at its HQ in Memphis.

Guy makes a post on Twitter about how Memphis sucks.

FedEx finds out about the post.

Guy looks like an idiot.

Read the full story here.

Thoughts?  Post 'em below.   

January 03, 2009

Health Insurance - Make the Investment Now

Just got another email from a musician who is looking for donations to cover medical expenses...

I'm not here to pass judgment on people, but I am here to give advice.  That advice today is for you to make sure you have health insurance.

A basic policy shouldn't cost you more than $150/month.  Yes, you can afford it. 

Health insurance is a cost of doing business.  Don't burden your fans and other musicians with your medical expenses.

Don't have any medical expenses?  That's what everybody thinks...until something happens.  I get from uninsured musicians trying to pay down their medical bills almost weekly.

Even a short hospital stay can cost you $15,000 or more.  Don't let something like that stop your music career.  Get a quote for health insurance, get coverage, and stay in the game.

If you have suggestions on where musicians can get inexpensive medical coverage, please post a comment below.

November 13, 2008

Interview with David Hooper - Part 2

This is Part 2 of an interview I did for  Millbrook High School senior, Alving Garcia, who is currently working on a  research project about the music industry.  Part of the project involves interviewing a professional in the field.

Posting his questions and my answers here, so MusicMarketing.com readers will benefit.

Part 1 is here.

6. Do major labels only sign individuals are do they sometimes sign entire independent record labels?

If they want an act, they'll sign (or buy) an entire label to get it.

This kind of thing happens all the time, in the music business and elsewhere.  When MTV wanted Jessica Simpson for a reality show, part of the deal was that they had to do a show featuring her sister as well.

7. If major record labels do buy indie record labels, would the indie record label work under similar conditions as an individual being signed?

It depends.  Sometimes everybody is canned and a new staff takes things over.  Other times, people from the indie will go to work for the new owner.

As far as conditions, that also varies.  I've seen "mergers" which let the smaller label run as it always has, including staying in the same office.  Other times, everything is moved. 

8. Does the above commonly occur or does this happen rarely?

Deals are being made all the time, but none of them are the same.  So whether that is common or not really depends on how you define it.

With that said, I think various "deals" are becoming more and more common, since there are so many options for creating, recording, distributing, and promoting music these days.  For example, a record company might make a deal with a mobile phone company to handle one aspect of distribution, but work with another company to handle something else.   

9. Do you think that the digital age will have a positive impact on the future of the industry?

Definitely.  It's getting less and less expensive to release new music and make a profit on it.  This is going to allow more music to be released.

These days, it's fairly easy for the average band to record an album.  Depending on the style, you could record something as quickly as a weekend...or even a day.  Not everybody can, but a lot of bands do.

This stuff isn't perfect, but that's not the point.  It allows bands, musicians, songwriters, and labels to release new recordings quickly, cheaply, and easily.  Digital releases can be an extremely profitable income stream.  It's also great for the consumer, since they can purchase music that would otherwise be unavailable, because it's too expensive to release traditionally.

10.  How do you see the music industry 10 years from now (larger and more profitable or decreasing in sales)?

I think it will be fine.  People were worried about the movie industry when home video came out, but the movie industry is larger than ever, with things like Netflix, pay-per-view, cable television, and digital distribution outlets, such as iTunes.

Video games blew up when the technology to play them at home advanced.

Bottom line for the music business is that content will be king.  We don't know how things will be distributed, but we do know there will be a need for music.

Right now, we're promoting music via video games, movies, television shows, and ways nobody would have every imagined would be so important, even just a few years ago.  I'm sure new opportunities for music promotion as well as new income streams for musicians and songwriters will be developed.  Things like this have a tendency to work themselves out.

November 12, 2008

Interview with David Hooper - Part 1

Was sent some questions by Millbrook High School senior, Alving Garcia, who is currently working on a  research project about the music industry.  Part of the project involves interviewing a professional in the field.

Posting his questions and my answers here, so MusicMarketing.com readers will benefit.

This is Part 1 of 2.  More tomorrow...

1. What do you specialize in within the music industry?

My specialty is marketing.  I work to help bands, musicians, songwriters, and other music businesses or music business people sell more product, get more people to shows (or other events), and make more money.

However, like a lot of people within the industry, I've been involved with various other aspects.  I currently do a lot with music publishing and licensing as well as broadcasting (see Music Business Radio).  I started my "business" career doing radio and street promotion.  Before that, I was a musician myself...although I've always been better at marketing music than playing it.

2. What advice would you give to a student entering the music industry as far as the education goes?

The best education for anything, not just the music business, comes from actually doing it, not reading about it or watching other people do it...although those things certainly help.

Most people know how to drive a car.  Many have been to a "Driver's Ed" class.  That's great.  But what you learn in a classroom isn't nearly as important as actual experience behind the wheel of a car.

Personally, I studied commercial music at the University of Memphis in Memphis, TN.  Graduated in 1995 with a BM.  It was a good experience, but having a degree isn't necessarily going to help you be more successful.  Most of the people I work with didn't study music (or music business) in college and several of them didn't go to college at all.

With that said, I feel college is a good choice for most people.  Even if you don't graduate, it's still a good transition from "school to work."  I'd suggest almost everybody go, get an internship as soon as possible, and get the best of both worlds.

3. What is your opinion on the current state of the music industry?

I feel that this is the most exciting time to be in the music industry ever.  The changes we're seeing right now when it comes to creating, recording, distributing, and promoting music are incredible.

When I started doing music promotion, one of the techniques we used to get people to hear new music was to set up an answering machine on a phone line and have people call and listen a quick recording of the music.  Today, you can send an entire high-fidelity song, not just a sample, within seconds thanks to the Internet.  It's more more effective at getting the word out about new music.

And this is just one example...

The problems is that there are musicians now, as well as managers, booking agents, and other music business people, who were never around to experience the "old days" before promoting and marketing online was so cheap and easy.  They look at it like, "Hey, this is free, so why not throw this promotion against a wall and see if it sticks?"

This has lead to a lot of "promotion" out there which doesn't work.  Yet people still do it, because they think it's not costing them anything.  But it's costing them plenty in opportunity cost.

So it's a mixed bag...  We have some good tools available to use, but people are using them nearly as effective as they could be.

4. What sort of help do you provide to aspiring producers trying to get their foot in the door to the industry?

I do work with producers, but more from a marketing perspective...helping them to get new clients and grow their production businesses.

If you're looking for advice on how to produce, you should check out Steve Fishell.  He's been at the helm of a diverse array of projects over two decades, including work with Willie Nelson, Mavis Staples, Pam Tillis, Little Richard, Emmylou Harris, The Dixie Chicks, Radney Foster, The Duhks, Charlie Major, and The Mavericks.

He received a Grammy in 2005 for his producing work on Beautiful Dreamer: The Songs of Stephen Foster.

His new project is called Music Producers Institute and he actually takes people into the studio with him as he produces a record.  It's a very cool experience and one you can't get many places, if anywhere.  I've certainly never heard of anybody else doing something like this.

5. Is there anything that you did during your career that you regret doing and would change if you could?

I've certainly made decisions in the past that I wouldn't make today, but that's part of learning.

Something that has helped me tremendously and that I recommend to all entrepreneurs, whether they be in the music business or not, is to outsource any task that it's not absolutely critical that you do.

For example, if you're a musicians and you need a flyer for your next gig, it's not the highest and best use of your time to design that flyer, run copies of it, or put it up everywhere.  Let somebody else do that.

Your job as a musician is to make music and put on a good show.  These are things that can't be outsourced.

Flyer design can be done by a friend who is good at graphic design or art.  Can't think of anybody?  There are plenty of good people available online at sites such as Scriptlance. People from all over the world will bid on jobs you post, which lets you get a really good deal for quality work.

November 02, 2008

Using Current Events to Promote Your Music

This is a great example of what I was talking about a few days ago when I mentioned leveraging current events to promote your music...

Obamagig

Here's another one, which isn't a direct promotion, but certainly does a good job of using a current event to bring attention to the group.

Keep the examples coming. Are there no McCain fans in the music business?

If you're doing something cool to promote your music, I'll post it here. And if you're doing something really cool, I'll feature you and your music on Music Business Radio.

November 01, 2008

Joe the Plumber is a Musician?

JoetheplumberBy now, we all know that Joe the Plumber isn't really a plumber...at least not a licensed one. And we know he'll actually be better off under Obama's tax plan than McCain's, because he doesn't make anywhere close to $250,000/year.

But did you know he's a musician?  Well, not a licensed musician.

Seriously, my friend Jim Della Croce of Pathfinder Management says that Joe the Plumber can sing and that he's "A complicated guy with a very dynamic personality."

Sounds like a good match for a country singer to me...  And Jim is a smart guy.  He's been in the business over 25 years and has worked with dozens of acts, including The Beach Boys, Bad Company, Badfinger, Eddie Money, The Clash, Leon Redbone, Night Ranger, Pam Tillis, The Power Station, Waylon Jennings, and Vince Gill.

But is all of this enough for Joe the Plumber to have a successful music career or even a successful album?

My questions to you...

1. Will anybody care?  After all, Joe the Plumber hasn't exactly done a lot to get all the attention he's receiving.  Is his current fan base loyal enough to wait around (and buy) an album from him?

2. As a working musician, how do you feel about "media stars" such as Joe the Plumber who suddenly get so much attention for their music?

Music Business Radio