I attended an online Music Biz Association webinar last week presented by Mark Mulligan. Mulligan is the author of the Music Industry Blog, Managing Director of of MIDiA Research and “a media and technology analyst of more than 15 years’ standing and one of the leading voices in music industry analysis.”
I really like Mulligan’s blog posts because he is a music industry wonk, something I can only aspire to. His work is original and thorough. He often presents his research findings at music industry conferences.
One of the ideas Mulligan presented in this webinar is that music itself is no longer a revenue-generating product for musicians. This has powerful implications for the average musician’s marketing strategy and tactics.
Because music is so much in abundance now (due to the digital democratization of both music production and distribution) it has effectively been commoditized down to zero price, so that makes it hard to make a living as a musician.
This is not a new idea, of course. The effect is even more pronounced for emerging artists or artists with niche appeal.
So what is a starving musician to do to keep themselves going?
[Tweet “Musicians, find your popcorn”]
Mulligan proposes that artists should follow the marketing model developed in the early days of the cinema (theater) business.
Here’s the basic idea (from a 2014 post on Digital Ascendency on Mulligan’s blog):