TazzyOnline
Producer/Lyricist
Be creative! Lets get this thread going
money is always a issue I don't know any business person who doesn't watch his/her ROI
promotion and album releases should be took seriously
and
have a detailed plan formulated
months before music is even released
Be creative! Lets get this thread going
Looool that whole picture with beyonce and kim would actually get people talking.
But...
When money IS an issue...
That's when you need to be the most creative, don't you think?
I've burnt through lots of money on paid advertising with few results, and I've seen others do the same.
I just started working with someone right now who had spent $700 on Facebook ads;
In return, he got 1000 Facebook likes and 60 newsletter subscribers.
Not such a great return on investment.
Since you're giving me the freedom of creative license,
I'll decide to line my pockets with all of the money
and spread the news of my project via word-of-mouth to my new socioeconomically elite peers.
-Ki
Salem Beats
Facebook likes are worthless in my opinion anyway... Never concentrate on building your social media following people. WASTE.
Also, around $10 per mailing list subscriber can be a very good investment... Depends how well you monetise your mailing list though.
Spending $10 per subscriber is a serious problem.
If you assume that 10% to 33% of your subscribers read your emails and take you up on your offers,
you're spending between $33 to $100 for the first sale.
That's just bleeding out money.
To each his own, though.
Keep yourself informed of your ROI to keep honest with yourself about it.
-Ki
Salem Beats
If you're selling a product for say $300 to your mailing list/readership
Be creative! Lets get this thread going
I've got to stop you right there, and although you've acknowledged this in your edits after some careful consideration, it bears repeating:
We're in the music business.
We're very rarely selling a $300+ product, and when we do, it generally involves extra work.
This could be anything from creating a new beat to replace a beat license that was purchased exclusively,
starting work on a custom Soundclick layout,
sitting down with a customer to consult with him,
or whatever other custom-tailored work you do at high ticket value.
Obviously, you could come up with a ridiculous example of selling a house, car, successful business, yacht, or land.
Compared to the potential profit under these circumstances, $10 per each *highly qualified* subscriber is nothing.
However, with that in mind, keep in mind the implied context of your comment:
You're posting on FutureProducers.
$10 per subscriber is absolutely ridiculous, and anyone here who believes that's a good price is going to run out of money.
I know someone who's a producer and makes £500($850) pound off each beat. Is he "special"? Hell no... Through him I've met loads who would make that investment look fine when you see the figures they make annually. All in the music industry by the way. I think some have been on here (FP) at one stage or another too.
I also know someone else, (who I've signed to my label)... He makes between £200 and £1000 per sale. He is a Hip Hop producer.
You've got to remember, everyone on this forum have different circumstances (different music, different geographical areas, therefore different markets). You seem to recognise that everyone has different specialties... So someone who may also be a DJ could potentially earn much more than you as they can get gigs. So why don't you understand that the high earners CAN have such a high ad [snip...]
At $10 per subscriber, it may take quite a bit of advertising to find a buyer who is willing and capable to regularly make $850 purchases.
In ABSOLUTE terms (not relative to the amount of money you're making), $10/subscriber is ridiculous, regardless of whether you're still able to salvage a profit.
Even if you're making enough money to offset the cost, you could be making MORE money by simply keeping the extra money you'd otherwise be throwing in the trash.