Royalty Cuts May Be Coming From Proposed Changes

Spotify and other Digital Service Providers (DSPs) propose a cut in streaming revenue to pay the music artist less. 😞 Investing in the music industry is still a good idea, but not into streaming platforms.

This video discusses the proposed revenue cuts and briefly discusses how you should invest your money in the music industry as an artist, band, or Record Label.

Customer Relationship Management is the most powerful tool as a business, and if you are in the music industry, you are a business. 💼 Invest funneling your potential fans to your CRM, use sale funnel techniques to convert the potential fans to fans, and then to superfans. You build the relationship to gain influence and sales from these fans. Finally, distribute them to your content and platforms.

More to come on CRMs.


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