Serendipity just brought together two great points that will make any social media marketer think.
Electronista wrote about a report signifying a new trend among record labels: opting out of new subscription based services such as Rdio and Spotify. Long story short, a lot of plays is not being correlated with a lot of revenue. In fact, it’s quite the opposite.
My friend Paul from Black Lab (a great Indie rock band) recently wrote a post that sums up his arguments as to why the band’s music wouldn’t be available on Spotify. Once again – getting paid is important. Money lets you feed a family and have a roof over your head.
Then I saw a retweet from @FauxMusicSupe (a parody music supervisor account) that summed it all up. In this brave new world, where marketing metrics are indeed shifting, sometimes exposure is getting too much credit. Too much exposure, without actual business goals being achieved might fool you for awhile, but eventually it will kill you. You can’t eat air.
How are you capitalizing on exposure to actually make money?