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Thursday, May 10, 2007

CROWDSOURCING

To succeed as a recording artist or band these days it is essential to promote your music online. But breaking your way into the recording industry is far from easy. Luckily there is a service that helps you to do just that by tapping into the phenomenon of crowdsourcing.

Sellaband taps into the crowdsourcing model by turning the fans and listeners of bands into their product evangelists, asking them to invest in a band or artist they take a shine to, and take the word to the streets.

Browsing the Sellaband website listeners are asked to invest $10 or more towards the $50,000 needed for the band to record and distribute their music. They are also encouraged to spread the word to their friends and online contacts, to propel their chosen artists towards their recording opportunity.

But what's in it for them?

Well, besides the warm fuzzy feeling of helping talented musicians achieve their dream and the limited edition CD of the final recording there is a perhaps even more interesting opportunity to make some money on the side. Every single investor, or 'believer' that backs a successful band will take home a small cut of the profits made by them.

For the recording artists themselves, not only do they get to record and distribute their music with professional recording industry support and guidance, they also get to take a 50% cut of all ad-revenues made from the free downloads of their music.

Read all about it here



[Resource http://www.masternewmedia.org/audio_&_music_publishing/music-promotion/record-promote-finance-your-music-with-sellaband-20070507.htm]