Million Media

See Things Differently

The Difference Between Music & Everyone Else

Having worked in both music and non-music sectors, a key difference is becoming apparent. Music companies, and I include promoters as well as record labels, place virtually no value on Engagement. Which is strange when you consider how relatively easy it is for them to get.

What I mean is, other industries will pay for the acquisition of site registrations, requests for information, mailing list sign-ups or referals. But ask a label or promoter and the only thing that matters to them is whether someone buys a CD or ticket. There seems to be no acknowledgment of the role engagement plays.

When I did sales we learnt about AIDA – Attention Interest Desire Action. To gain a customer you were required to guide them through the four stages. But the difficulty for a marketing agency is what little value labels and promoters put on each of these.

If I can get you a Facebook fan what is it worth? Or a mailing list sign-up, a MySpace friend or a YouTube play? In other non-music sectors I get paid for this, but in music it appears to count for little.

A major problem is that labels and promoters have to share the Lifetime Value (LVT) of a fan. If my marketing gains the artist a fan they could either spend their money on a CD or a ticket. In which case, neither the label or promoter will pay so the other gains. So neither pays for engagement, only the end sale.

Which leaves the artist.

Will they pay me to acquire fans by arousing attention, interest & desire?

Actually, the more accurate question is, will their management?

Most managers are adept at bringing in revenue, never paying it out. For artists to benefit from digital marketing they must realise that engagement is worth paying for.


About Neil

Neil Cartwright founded Million Media in 2006 with the aim to help people understand digital marketing and use it to their advantage. The vision hasn't changed but the technology has.

2 comments on “The Difference Between Music & Everyone Else

  1. thomas grogan
    July 7, 2009

    very well written. what tools or mechanisms do you suggest using to get fans/followers or various social networks.

    it seems like, for an artist, if you can package your content(music, video, digital media) with the functionality to go viral (a widget with sharing capabilities across multiple networks) it is a start, but how do you capture and retain that engagement?

    • millionmedia
      July 7, 2009

      Constant drip feeding of news & content. It’s a new form of marketing and I have a half written post about it – keep checking back.

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This entry was posted on June 10, 2009 by in marketing.
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