ymr company meeting - online marketing
DESCRIPTION
Monday, November 8th the focus of our company meeting was Online Marketing. For more information, see the blog at http://www.youthmovementrecords.org/blog/online-marketing-company-meetingTRANSCRIPT
COMPANY MEETINGONLINE MARKETING
& MANAGING YOUR PRESENCE ONLINE
November 8, 2010
The Usual
Sign In Grab Snacks
Icebreaker
Who are your favorite artists and how do you keep up with them?
Teach Me How to Dougie!
What’s New? Status of Current Projects
Next Member of the Month: Alex (Emily)Music Video: Watzreal (Dan)Holiday Party, December 10th Video: YMR Vision + Donation (Diaris)Mixtape Meeting! - Friday 11/12 at 5PM (Diaris)Partnership with KDOL & Cal (Jake)Filming play at Malonga Center next week (Dan)
Performance OpportunitiesAMP Book Release event at La PenaOpen Mic at Mama Buzz
Other AnnouncementsCan still apply for GRAMMY Camp – see YMR blog
Did You Know?
Without marketing you don't have a business, you cant make sales, can’t develop a fanbase or database, and you will not have a long term income. It’s essential for you to market your music if you want to make money in the long run.
Media Share
Check out this Billboard feature21 Under 21: Music's Hottest Minors
Check out this video of Justin Bieberhttp://www.youtube.com/watch?v=KBnS_38
1BXo
Online Marketing
Information courtesy of Daniel Aguayo of Digipendent.com
State of the Digital Union Anatomy of a Modern Musician Fans Dream Team Revenue Digital Toolbox
40% of music was bought digitally in 2009
1 billion Youtube vids watched daily
20hrs of content uploaded every minute
175k new blogs create daily
Facebook users = 500million
45million daily status updates
Myspace users = 120million
50 million tweets per day (600 per second )
State of the Digital Union
Can you blog?
Fans don’t want to Just connect with your music….
True fans want YOU to connect with THEM!
Create your own Dream Team
Manager(s) Lawyer Promo team P.R. Distro (physical/digital) Radio promoter Web design Booking agent
Misc: Publisher/manufacturers/video/label, stylist etc…
The 3 Stages of Development
Alert, Connect, Sell
1
•Creating awareness
2
•Making Connections
3
•Monetizing
REACHFan sites, blogs, music services, TV/Radio/Film, total impressions
ENGAGEMENTPlay, share, post on Twitter, embed on blogs, word of mouth
ACQUISITIONEmail, Facebook friend, Twitter follower, fan club, street team
MONETIZATIONConversion, active paying fans, recurring revenue, capturing economic surplus
Discovery
Permission
Playing/Sharing
$£€¥
VARIABLE FRAMEWORK
HITS = how idiots track success
Revenue by Channel
Your Digital Toolbox
The Essentials
Discussion
Questions? What are your key takeaways from
today’s meeting? What do you still want to learn? What are the next steps in learning more
about this topic?
A Week’s Glance YMR . . . Workshop Schedule
Tuesday: ○ Music Production 5PM in Room 257○ Artist Development 5:30PM in Studio○ DJ Crew 5PM in Room 306
Wednesday:○ ProTools 5PM in Studio○ Freestyle 5PM in Room 316
Thursday:○ CLOSED! In honor of Veteran’s Day
Friday:○ Advanced Recording Production 3:30PM in Studio○ Mixtape meeting 5PM in Lab
Next Week at YMR
Company meeting: Topic: Independent vs Major Labels & Contracts