Friday, June 17, 2011

Artist Survival in 15 Steps


I attended another music business seminar at Music Industry Workshop, MIW, in Chicago, Illinois. This week’s guest speaker was Randy Chertkow, co-author of Indie Band Survival Guide. Randy led a discussion on marketing and branding, which appears to be one of today’s hottest topics in the business. Not only is Randy an adroit author, he is a gifted jazz musician and IT guy. He discussed successes via his experiences with his band, Beatnik Turtle. Beatnik Turtle has over 500 songs, which has been published via podcasts, television, and radio shows. Beatnik Turtle has been one of the very few bands to be able to release a song a day from their catalogue for a straight year. They have a website dedicated to just that, The Song of the Day.com. I think that idea is just brilliant! There aren’t many artists out there that can do that. In fact, there aren’t many artists out there that want to do that. If you know of any such artists, please place the link in the comments section below.

The precious gems I gathered from Randy were bountiful. Although the Internet is easily accessible via our fingertips, I will outline the prerequisites and essentials to an artist’s survival in 15 steps.

Step 1
The Song/Product:
An artist should establish their identity or brand via their song selections and genre of music.

Step 2
The Producer:
An artist should know when to obtain a competent producer, which can bring the best out of the artist. It doesn’t hurt to have a non-biased professional ear. Sometimes artists become too close to their own material.

Step 3
The Recording/Mix Engineer:
If an artist is a great producer, a good recording/mix engineer can optimize the song’s recording and mix. Even the best producers have their own personal recording/mix engineers who know how to aid and assist the producer’s direction of the song. Please note, this can and, perhaps, should be two different people.

Step 4
The Mastering Engineer:
Mastering is an art in itself. Don’t get a bundle of plug-ins and instantiate a mastering suite plug-in over the master buss and expect that you have mastered your album. It takes years to obtain this status. I implore you, let the masters be the masters. Read the credits of your favorite commercially released songs and utilize that mastering engineer.

Step 5
Manager:
Once an artist is ready for the public, a manager should be procured for consultations. A manager will validate the artist’s worth. Potential clients will take the artist more seriously. It also allows the artist to stay creative and out of heated negotiations.

Step 6
Booking Agent:
The agent books live shows for the artists. This is not the manager’s job, especially in the larger markets or cities. A manager will help with the consulting of the negotiations.

Step 7
Music Attorney:
An entertainment attorney will negotiate, to the best of his ability, any possible deals presented in favor of the artist’s intent.

Step 8
Publicist:
A publicist exploits the artist’s awareness via media and press. An EPK or an electronic press kit should be prepared for this stage.

Step 9
Web Designer/Webmaster:
Facebook, Twitter, and MySpace are assumed denominators. However, a formal web page should be established for additional presence. In fact, all websites should link to one another. There are many free templates out there to use, but a more tailored approach should be considered.

Step 10
Graphic Designer:
Different from a web designer, a graphic artist can create logos, banners, and favicons. The GD will be able to generate vector, jpg, GIFF, TIFF, and rasterized images for different uses. Chertkow emphasized, “All images should be placed in a ‘Branding Tool Box’ for artist’s ease of accessibility and distribution to potential clients.”

Step 11
Photographer:
An artist should have a set of high-resolution photos taken. Image is everything. The graphic designer should be able to enhance and touch up the photos.

Step 12
Video Director/Editor
Mostly every single has a video shot for it. With video distribution channels such as YouTube, Vimeo, and Viddler available, a great video can enhance the positioning of an artist’s brand. A video director and editor are two different positions. Not all directors are good editors and vice-versa. Do your homework!

Step 13
Accountant:
Once an artist begins to make a decent living from his or her art, then an accountant should be sought. Keep in mind, most of us our independent contractors. This means we have to file a 1099-MISC form at the end of the year. A good entertainment accountant will be able to itemize relevant deductions.

Step 14
Marketer:
A marketer is different from the PR. A marketer will be able to position the artist or band in front of their target markets. Research should be conducted to identify which markets are intended. Good marketers will be capable of providing services for SEO and social media publicity.

Step 15
Distribution:
The artist’s product and merchandise should be available for customer’s attainment via digital distribution, websites, live shows, and brick and mortar channels.

Thank you.

Name: Ricciano Lumpkins



References:
Chertkow, Randy. Indie Guide. Retrieved from http://www.indieguide.com/
Music Industry Workshop. Retrieved from http://www.miworkshop.com/
The Song of the Day. Retrieved from http://thesongoftheday.com/

Sunday, June 5, 2011

Independent Record Labels

This past Thursday, I sat on a music business panel at the Music Industry Workshop in Chicago, Illinois. MIW hosts weekly panels on various subjects ranging from publishing, royalties, independent versus major labels, distribution, marketing, promotion, production, engineering, commercial and college radio, social networking, accounting for entertainment, and record contracts.

I have sat on many panels as a guest lecturer and observed many others in my day. However, this particular day the guest lecturer was Louis Svitek of Wuli Records.
Wuli Records, distributed by Fontana/Universal Music Distribution, is responsible for discovering last year’s American Idol, Lee DeWyze. As I was discussing SWOT analyses with various students, Svitek entered the room with an aura of equanimity. He walked in with his guitar and computer. He said, “I’m Louis.” I greeted him and asked if was going to play guitar. He said, “No, I’m gonna educated today!”

Just a reiteration, I have been impressed by many, but this guy had something special about him.  The topic of discussion for the night was on Independent Record Labels. There is massive information regarding how to start and operate and independent label. However, Svitek presented a very feasible approach to the technique.

Nowadays, major label jobs are gone due to Internet; Major labels have downsized immensely. Independent record labels are the status quo of the business. A student posed a question, “What can I do to quit my day job and primarily start working in the business?” Svitek opened by saying, “Hey guys, just so you know, I still have a part time gig. I run audio at many different venues in the Chicago area. If you really want to be around this stuff find an internship at your place of desire” This is exactly what I preach when I sit on panels, “Please do not quit your day job.” Most people entering the music business want that magic button, which will allow them to quit their day job tomorrow.

The most impressive presentment by Louis was his outline of his marketing plan for depicting the release date. He stressed that the music needed to be good, completed, and first single needed to be selected. Although simple to follow, his marketing plan was very comprehensive. His marketing plan was segmented into different timeline phases (6 weeks, 4 months, and 6 months). Historically, it took two years to break an act. Svitek suggests if no upward activity occurs within 6-8 months of release, consider working another single, revise marketing plan to reach target market, or revisit finances to see if act is worth the continued investment.

Here are some additional highlights from his lecture:

  • ·       Before commencement, get consultation from a good entertainment attorney.
  • ·       Must have a marketing budget of at least $20-30,000 USD-Do not need all at once.
  • ·       Have an EPK (Electronic Press Kit) and One Sheet prepared for artist’s prospective gigs or radio play.
  • ·       Procure Eblasting company (His suggestion is to use AlmightyMusic.com) By the way and a little FYI, Don’t ever do a blast on the weekend-Do it on Mondays.
  • ·      Get on iTunes= estimated 64% of all digital distribution sales
  • ·      Look into obtaining licensing deals for main singles via music supervisors and ad agencies.
  • ·      Register with ReverbNation= Wuli Records obtained 7000 followers in two weeks
  • ·       If existing artist, NEVER forget your fan base=they will buy upcoming albums
  • ·       Use Jango Radio
  • ·       Maximize social network tools such as Impressions on Facebook and Twitter (Tweet upcoming events-free promotion)
  • ·       Use Google Analytics to aggregate
  • ·       Get a good publicist
  • ·      Marketing with the Street Team (Posters-Learn & Use QRCodes on all promo material)
  • ·      Scanners by SquareUp.com (Take 2.7 percent per transaction) at show.
  • ·       Base projections on from a realistic approach. (5000 CDs @ $10=$50k). These are realistic numbers to an investor, but be prepared to give a lot of free goods. Plus an independent can survive from these numbers.
  • ·       If searching for an investor, Svitek put 25 business plans together and pitched them to 25 different people, then got 3 bids
  • ·       Let the investor make a higher percentage and make his money back.



His closing words were, “You have to take a risk. It’s all a risk. If it’s what you love-do it!
 “Do the Research!” Then do it!
                    
Thank you for reading

Ricco Lumpkins
  


references:
Fontana Distribution (June, 2011). http://www.fontanadistribution.com/

Music Industry Workshop. (June, 2011). Retrieved from http://www.miworkshop.com/.

SquaredUp.com Retrieved from https://squareup.com/

Svitek, Louis (June, 2011). Wuli Records. Retrieved from http://www.wulirecords.com/