In Music Marketing for the DIY Musician, self-made artist and entrepreneur Bobby Borg outlines the best business methods to help up-and-coming musicians effectively achieve their goals. In this article he wrote for Echoes, Bobby emphasizes the importance of “measuring” in the music marketplace. Read more here!
Want to increase the effectiveness of your music promotions? The importance of measuring when marketing your music can’t be ignored.
A student recently approached me with a complaint that only six people showed up to his live performance. He sent out an email to 1,000 names, posted on a few social networks, and told his friends and family. Feeling like a promotion loser (his words), he was ready to call it quits.
But after using some basic analytical tools, we quickly discovered that fewer than 10 of the 1,000 people on his list were opening his emails. We focused on re-writing his emails with catchier headlines, more benefits, and a specific “call to action.”
At his next gig, not only did 628 people open his email, 66 people showed up and paid. That’s a pretty strong increase!
So make no mistake, marketing your music – in fact, any marketing – is not about “doing things,” it’s about “doing the right things.” This is the essence of marketing measurement and why it is so important to your career.
How to measure
Measuring is the process of creating systems to collect, analyze, and act on information that is relevant to the goals of your marketing plan. These “systems” can include anything from using web analytical tools (like the ones on Facebook and YouTube that tell you the geographic regions in which people are most interested in your music), counting your sales every night and analyzing thoroughly why you experienced an increase or decrease in revenue, or just asking people at your gigs, “How did you hear about us?” In the latter case, if no one responds with, “We saw your ad in the paper,” then you had better stop placing ads in that paper. It’s that simple!
What to measure
You can measure virtually anything you want. For instance, measuring your customers’ awareness of your brand, and whether you’re at the “top of their minds” when discussing a certain category (such as “local bands in L.A.” or “studios in Nashville”) can be helpful in determining the success of your public relations strategies.
Measuring your fans’ attitudes about your products and services can help you determine their level of satisfaction with you and their likelihood to recommend you to friends and family. And paying attention and measuring how well your products and services perform in each of your distribution outlets can help you see where you’re generating the most sales and where you’re wasting the most time.
Read the rest of the article here.