In the music industry, a new pattern is moving to the cutting edge. It is called electronic music retailing. Understanding what a digital music store is and just what they can do for your band is important to the new documenting artist.
To become concise, a digital music store is a company that makes it feasible for musicians as well as singers to put their songs in front of a large online target audience for sale. While using mp3 format, you can report your music, add it to a retailer then sell your recordings to followers around the world. Popular music analytics consist of Amie Street, 7Digital, iTunes and EMusic.
While the retailing program has existed for a number of years, it's popularity and cost is quickly soaring to new heights. To illustrate the need for these shops, HMV bought a half interest in 7Digital at the end of 2009. These people paid $12.6 million dollars for the privilege of owning half of this popular UK dependent retailer and saw a 16% increase in their sales from the previous 12 months.
Those tend to be big figures but what do they mean to the recording designers? They imply that the music industry has seen that digital songs downloads would be the next influx in media. Recording artists no longer have to deal with expensive overhead that leaves all of them paying the documenting companies to create their tunes. Using a home recording studio and a little tech savvy, the independent documenting artist are now able to create, upload and sell their music online through a digital music retailer to see long term income in the form of royalties every time their own song is purchased with a retailer's clients.
The digital songs retailer offers recording designers with a ready to use fan base composed of thousands of people along with a hands away approach to product sales. The designer provides the retailer with the content their customers look for. It's a Win-Win scenario all around.