So, with all of that in mind I have a hpyothetical for you.
It occurs to me that a person cannot steal your car if it is still a pile of parts in a factory in Windsor and you cannot download an album that hasn't been made yet. So what if the album went on sale before the band went into the studio. What if the band went to the core of their fan base and said
$15 will get you a copy of the album as soon as it's done - before it's on iTunes or in stores.
$25 will get you a signed copy of the album
$40 will get you a signed copy of the album, and an invite (free admission) to the CD release party (or to any single show on the tour)
$60 will get you all of the above and a limited run T-shirt available only to people who take this option.
Now let's say your 100 biggest fans take the $60 option. Another 100 take the $40 option, 200 take the $25 option, and 400 people take the $15 option. Bearing in mind that you have to actually produce all the stuff you've offered (not to mention the arthritis from signing 400 CDs) that gives you $21,000 before you've even gone into the studio.
Now this is just a hypothetical. Some bands will do better than this, some won't do as well. All of it will depend on the artists ability to connect with and communicate with fans and to continue to build that fan base ('one fan at a time'.) It would probably be a good idea, for example, to keep your fans informed. Give them the occasional update on how things are going. Maybe an advanced preview of what it might sound like (an early .mp3 for people who have already bought the album).
The goal though, I think, would be to get to a point where you've broken even on the CD before it's even finished and you're broken even on the CD before anyone can possibly download any of it.
2 comments:
Wouldn't offering signed albums every time decrease the utility of the novelty of the autographed album?
It's an okay idea, but the point of those albums is that they're hard to come by and you usually have some story about why they're signed. You got up earlier than everyone else, you got there first, you were at an actual signing, etc.
Not "you ordered it for $10 more". I don't know, I just don't like it personally. Makes special edition items much less excited and far less rare.
I also have it in my head for some reason that no one would pre-order before the band even gets in the studio. Maybe the ridiculous fanatics, but I tend to get really excited about an album just before it comes out because I know I will hear it very soon.
Just my thoughts. :)
Hi Nikki,
I think alot of this depends on the band and the person. The prices and items above were just one hypothetical example, exactly what was offered and for how much would be up to the artist to figure out, and obviously I wouldn't buy in for every band I like, but for some I definitely would (especially if I knew my pre-order was how they were paying for making the CD).
For example Natalia Yanchak has been writing about how well the new Dears album is coming. I'd certainly order that now if I had the option.
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