Bill,
Thanks for a well-considered reply. A few thoughts:
1. While your music may not be "geared" to younger fans, I have a 14 year old Rush fanatic and a 10 year old Yes fanatic who might surprise you. Don't dismiss younger fans…you're doing yourself disservice, even if that isn't your core/target audience. If they like you, don't make it hard for them to become to acquire your music legally. If its easier for them to get it illegally, its bad for everyone. Also, you'd be surprised at how many younger music fans feel compelled to pay for music. Better to give them a chance to do so, right?
2. If you've done your homework on what format works best for your audience, you're several steps ahead of a lot of artists. That doesn't mean there aren't some who might want either lossless or higher res than CD quality if indeed they are older. You may be right that iTunes isn't a good solution for you as far as sales, but Bandcamp might be worth considering. It certainly can't hurt. Then again, you've done the homework so you would know better than I. More importantly, if you're offering the album digitally directly from your site, you've got that base covered.
3. If the songs are longer than 7 minutes, they can't be "unbundled" from the album. And for the shorter songs, if someone is only interested in one song and wants to pay a buck for it but doesn't want to buy the whole album, why not let them give you their money? If they become a fan, they become a potential future source of revenue. Looking at it solely from revenue from one song from a single transaction is a short view.
4. They key point you are raising is the lack of time and resources. The life of a working player (to use a Frippism) is difficult enough from a music standpoint…add the burden of being a digital marketing strategist to the equation and there just aren't enough hours in the day. That's the kind of work my company does, albeit on a larger scale.
5. The iTunes conundrum is interesting…I've had several clients make the decision to put their music on iTunes but not because they think they'll make money. They believe that a few sales on iTunes helps with getting them into the stream of "customers who bought _____ also bought _____" which helps with search results and recommendations, affiliating with artists that they believe help with their branding. Their ultimate desire to engage fans enough to get them to sign up to mailing lists, Twitter, FB etc to ultimately get them to put money into a webcast, live download, merch or ticket. I know the "music as loss leader" approach is like waving a red flag in front of a bull to some around here but IT CAN BE effective for an artist who tours regularly. I'm not advocating for or against this because each artist has their own situation.
6. I disagree with your final point about what is or isn't true about a "a lot of the Prog bands we discuss". There is such a wide spectrum of artist needs and approaches to the marketplace that I think it's dangerous to generalize…your strategy may work well for you and if so, I think its great to share that knowledge so others can benefit from it. But an artist who is making similar music but has a different approach to touring may benefit from a COMPLETELY DIFFERENT strategy when it comes to their digital music offerings. Or an artist who releases music more frequently may have yet another strategic approach where a subscription type setup makes sense.
But I think this is a fantastic conversation.
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