Showing posts with label Kevin Kelly. Show all posts
Showing posts with label Kevin Kelly. Show all posts

Wednesday, June 18, 2014

The 1000 True Fans Theory Explained

1000 True Fans image
In the latest version of my Music 4.0: A Survival Guide For Making Music In The Internet Age book I explain that making a living in music is considered the new success, as we shift our priorities to DIY. That said, the way that's accomplished is by have a group of core fans. In the following excerpt from Music 4.0, this "1,000 True Fans Theory" is explained.

"The “1,000 True Fans Theory” by Wired magazine’s “senior maverick” Kevin Kelly states that all an artist needs is 1,000 true fans to maintain a fruitful, if unspectacular, career, thereby relieving the artist of the need for some of the nastier things in life as a regular job. True fans are sometimes called superfans or uberfans, depending on whose theory we’re talking about.

Kelly wrote the following:
A creator, such as an artist, musician, photographer, craftsperson, performer, animator, designer, videomaker, or author---in other words, anyone producing works of art---needs to acquire only 1,000 True Fans to make a living. 
A True Fan is defined as someone who will purchase anything and everything you produce. They will drive 200 miles to see you sing. They will buy the superdeluxe reissued hi-res box set of your stuff even though they have the low-res version. They have a Google Alert set for your name. They bookmark the eBay page where your out-of-print editions show up. They come to your openings. They have you sign their copies. They buy the T-shirt, and the mug, and the hat. They can't wait till you issue your next work. They are true fans. 
The idea is that if each of the 1,000 fans bought $100 worth of product every year (the figure equals an arbitrary full-day’s pay), you’d have an income of $100,000, which, even minus expenses, can still represent a reasonable living for most artists. The trick, of course, is how you expand your fanbase to that magic 1,000-fans number (providing that you buy the theory, of course). 

Like most theories on such things, the detractors of the 1,000 True Fans theory point out several relevant issues. They are:
  • The $100,000 amount is the gross income and doesn’t take expenses into account. Expenses for any creative endeavor can be quite substantial and must be accounted for in any income assumption.
  • Even if you reach the magic 1,000-fan number, that doesn’t mean that each will spend $100 per year. That’s true, but remember that $100 is an average number. Some fans might spend $500, while others might spend only $20. Of course, you have to present them with the products and the opportunity to spend money. If you put out a single release and don’t tour, it’s unlikely that you’ll hit your target. If you’re touring, and a true fan attends three shows and brings five friends, that could easily account for $100 right there. And if you release two albums, a deluxe box set, and newly designed T-shirts, hats, mouse pads, and coffee cups, there’s an even greater chance that the true fan will just have to have whatever you’re selling.
  • Music 4.0 presents a worldwide marketplace, so 1,000 fans don’t necessarily have to reside just in the United States. Again, this is true and can lead you to believe that developing your fan base is a lot easier than it really is. Don’t forget that true fans in some countries such as Russia, China, and Mexico might not be paying anything at all and still be enjoying your work thanks to the prolific piracy that those areas are accustomed to.
  • You can expect some attrition of your new fans. Hopefully, the attrition of your fanbase will at least be offset by new members, and perhaps even grow some in the process.
  • Other artists are competing for the same fans. There’s always competition in the marketplace for every dollar, sale, and item. You must differentiate yourself and your product from your competition to make the choice easier for the fan. For sure, you’ll lose some fans during this process, but if done well, you’ll make that number up, and more.
While the total number of true fans actually required to make the theory work (is it 300 or 1,000 or 4,000?) may be in question, the idea is that you need this hard-core group in order to sustain your career. Whatever the number that you’re lucky enough to develop, be sure to take care of and nurture them, because they truly want you to."

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Thursday, April 21, 2011

Tips For Sustaining Your Career

I was honored to read that cyberPR expert Ariel Hyatt (who has written a number of great social media books) mentioned my Music 3.0 book as her #1 favorite music business book. She said, " This book is wonderful as it explains the CONTEXT of what in the heck happened in the music business and why. But Bobby doesn’t stop there. He next lays out a clear concise plan about what you need to know about to set yourself up for success. His philosophies are very much in alignment with Music Success in Nine Weeks and our books mention a lot of the same theories (1,000 True Fans) and suggestions (use the Internet or die in obscurity)."

Many thanks for the kind words, Ariel!

This seems like a good time for an excerpt from the book, this time from Chapter 6 entitled "The M3.0 Rules Of Survival," which also discusses the 1000 True Fan Theory. You can read more excerpts on my website.
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Sustaining your career in M3.0 has changed significantly from previous eras of music. The formula is simple; maintain your connection with your tribe. This could mean by frequent releases, blog posts, email blasts, tweets or anything else in social media, but you’ve got to keep your fan base engaged on a consistent basis. While long periods of time between releases (like 6 months or a year) are not recommended, they can be overcome by constant interaction by the artist. It’s only when communication grows cold that the tribe begins to dissipate.

A typical consistent communication schedule might be something like:
  • Tweets - a few times a day or every other day.
  • Blog posts - once or twice a week.
  • Email blasts - once a month with tour schedules, release schedules or just general info.
  • Music release - once every 6 to 8 weeks.
Online communication isn’t the only way to stay in touch with your tribe. Touring will always be a part of being an artist, and it’s an especially important ingredient to not only sustaining your fan base but growing it as well. The more you have contact with your fans, the more opportunities there are to reach out and touch them. Don’t forget some of the items mentioned in Chapter 4 like meet and greets, after-show parties, backstage passes and the like. Online and offline contact must all be part of the same strategic plan.

The “1000 True Fans” Theory
The 1000 True Fans theory by Wired Magazine’s “Senior Maverick” Kevin Kelly states that all an artist really needs is 1000 true fans (the members of his tribe) in order to maintain a fruitful, if unspectacular career relieving the artist of the need for some of the nastier things in life like a regular job. True fans are sometimes called “super-fans” or “uber-fans”, depending upon whose theory we’re talking about.

While the total number of True Fans actually required may be in question to make the theory work (is it 300 or 1000 or 4000?), the idea is that you need this hard-core group in order to sustain your career. Whatever the number that you’re lucky enough to develop, be sure to take care and nurture them, because they truly want you to.
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