"British consumers will likely spend more than £160 million ($312 million) on digital downloads this year, up by roughly 50% from the previous year, according to new figures published by ERA Digital, a division of the Entertainment Retailers Association trade body."
"A spike in interest for full album downloads is one of the catalysts for growth, ERA reports, a format which is forecast to account for £69.4 million ($135 million) in sales this year. Single track downloads will be worth an estimated £96.4 million ($188 million)." Read the full article -click here.
Over the past two years I've been aggressively encouraging independent record labels and recording artists to investigate the New Music Business Model and learn how to make money online. It is apparent that digital distribution will continue to soar. To position yourself to make money on the Internet you'll need a comprehensive list of digital distribution companies. The Los Angeles Music Industry Connection Ebook provides such a list. You'll also want to attend music conferences that have make money online seminars as part of their program.
The goal is to build your brand online and off as a music business professional. As you build your brand you'll want to direct people to your own website. On your website you'll have to sell something in order to position you to make residual/passive income -money while you sleep.
Here are a few ways you can make money online through your own website:
- Sell your music
- Sell merchandise
- Sell your ringtones
- Sell advertising space
- Click here for more ideas
- Click on image to view
Music Industry Connection, JaWar, Get Music Money
