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28 May 2009

Sellaband: Another Online Money Making Opportunity for Music Lovers

Sellaband.com is an online community of aspiring new artists and music fans. It works pretty much like Slicethepie, in which its system works for both the artists and users as well. Sites like this are always good breeding ground to find new artists. There are lots of new music, new talents, plus you get to meet and socialize with other users as well. What’s cool is that you can also customize your profile/home page, upload photos, playlists, and blog posts too. 

What’s in store in Sellaband?

Signup is totally free. You can sign up as an Artist or a Believer (Sellaband users are called Believers). 

Artists need to raise at least $50,000 before they are able to do album recording, and this amount is actually reached through collectible contributions from music fans. Minimal investment for users to support their favorite artist is only $10. That’s why users are called “Believers”, because in doing so, you become a “Believer” of that artist. This is also called the “Buying Part”. The cool thing here is that, you can freely increase your contribution to that artist (before he reaches the quota), say give another $10 or $20, or you can move your contributions to another artist if you want to, or you can take your money back instead. Almost nothing to lose.
Sellaband also have an Incentive Program (loaded with prizes and items) exclusive for those who invested more than $10 in a particular artist. 

Besides money, there are other ways to help your favorite artist in their fund-raising. You can campaign them to your personal network and online communities, giving them more exposure.  
In return, if your chosen artist successfully raised sufficient support and recorded the album, you get the limited edition CD shipped to your address, or free album download instead. Also for every Part you bought (multiple contributions), you get 50% discount for every CD copy you’ll buy in the market.  

Plus Believers also get a share in the revenue on album sales. So naturally, it would be beneficial also to you to promote your artist’s record.  The more albums sold, the more shares you get. In fact, Sellaband claims that as much as 50% of net revenues went to the Believers during a 5 years time. 

5 comments:

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Mobile App Developers said...

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