The purpose of this roadmap is to demonstrate the potential journey to a successful musical record single release. In order to outline the details for such a campaign, an understanding needs to be met in regards to the music industry in general, and the genre of music for the said artist.
The entertainment business is a very profitable one, existing in an industry that generates billions of dollars a year for musicians, executives, writers and publishers alike. There are multiple avenues of growth regarding the business model of a successful company and the same goes for a successful artist.
In order to generate revenue as a musician, an aspiring artist has 5 basic forms of activity that needs to be mastered:
- Single Distribution
- Music Licensing
- Shows/Concert Tours
- Merchandise Sales
- Endorsement Deals
Each one of these is a separate stream of income that the artist can collect assuming they generate enough support from music consumers (fans) and industry executives.
Before the artist can generate income in the aforementioned fashions, a legitimate music platform needs to be established, along with, generally, a strategic marketing plan outlining specific target goals to reach in the music campaign, as well as a target release date. Without a complete platform, an artist suffers the potential for funneling money into a project that cannot be sustained. Liken it to a crew of sailors who attempt to throw out cargo to save a sinking ship, yet have not plugged the holes. Below are the following platform components that every musician should have before commencing on his or her career:
- Registered copyrights for all music
- Associations with relevant music publishers and licensors
- Active online presence
- Effective public relations support
- Relevant distribution platforms
Marketing and Promotion
Once these platforms are established and in effect, the artist can go ahead and promote their work! In order to do this, an effective marketing strategy needs to be implemented, as mentioned earlier. Without proper marketing, the artist will not gain the exposure he or she needs to convince music listeners to consumer their product via sales, or music licensors to implement their product for commercial use. In order to create as much exposure as possible, the artist should factor in the following marketing strategies:
- National, Regional and Local radio exposure
- Positive features and placements in relevant media outlets
- Collaborations with established artists or talented up-and-comers
- An effective college marketing plan
- Consistent interaction with fan base