Showing posts with label artist subscription. Show all posts
Showing posts with label artist subscription. Show all posts

Wednesday, September 23, 2015

Bandcamp Launches Artist Subscriptions

Bandcamp artist subscription image
For many artists, having their fans subscribe to a monthly subscription is the way to go. That way the artist gets a fairly predictable income, while the fan gets exclusive content and first dibs on wide release content as well.

The infrastructure for putting that together can be a lot more daunting than an artist wants to deal with however, so platforms like Patreon have sprung up to make it easier. Now the widely use artist utility Bandcamp has launched it's own subscription service.

When this feature was originally announced more than a year ago, I wrote a blog post about why I didn't think it would work. It's certainly not for every artist and the post explains why.

That said, Bandcamp makes it fairly easy to incorporate a subscription into your BC site, as well as set the subscription price and tiers. It also makes it easy for the subscriber to receive newly released material as well.

Bandcamp charges a 15% commission plus a 2.9% processing fee, while Patreon only charges 5% plus a processing fee, which is something that every artist wishing to use the feature has to take into account.

Here's a video that describes the feature in detail.




Sunday, November 9, 2014

The New Bandcamp Subscription Feature And Why It Won't Work

Bandcamp logo image
Indie music aggregator Bandcamp recently launched a new feature that enables fans to subscribe to its artists for a fixed amount per year (like the $32 that the UK band Candy or artist Steve Lawson are charging). During that time, the fan gets access to all the material that artist or band creates. The fan also has the option of paying more than the subscription amount if they so desire.

While this might sound like a great idea and a good way for fans to support an artist or band, it's probably a feature that will benefit Bandcamp much more than any artist on the service. Here's why:

1. We're living in a different world than even 3 years ago. Fans are more interested in a song by an artist than the artist themselves in most cases. They can get the songs for free on YouTube or for a lot less money than subscribing if they already pay for a streaming service.

2. Most artists over-promise when it comes to future releases, but it's really difficult to turn out a lot of quality product over the course of a year and on a regular schedule. If the releases don't come as promises or they aren't as good as expected, the subscriber doesn't remain engaged. If there are fewer subscribers than anticipated (which is always the case), regular creative output becomes even more difficult for the artist.

3. Most artists concentrate on their subscribers or the non-subscriber fans, but not both. This leads to fan attrition rather than increasing the fan base.

4. You're competing against yourself if you expect people to buy your product on Amazon, iTunes, or  purchase a CD or vinyl. If they sign up for decreased subscription rate, that's a lot less money that you can get from someone who's already a fan and might be more willing to purchase on a whim.

That's not to say that subscription can't work in some cases (a jam band like Phish that's been around for along time and has a big catalog of recorded concerts for instance), but it's not a model that most artists will find useful, especially if you don't already have a large and well-established fanbase. The bottom line, Bandcamp may be trying to sell you on this feature, but it's not all it's cracked up to be.
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