I recently read on Hypebot that the Sonicbids band Officer Roseland (whose music I rather dig) offered to pay fans $1 to download their album. The band offers two choices: “TAKE” where fans are paid $1 through PayPal to download their new album; and “GIVE” where fans can make a donation to a charity (Mr. Holland’s Opus; which we also give money to) and download the album.
Obviously, this drew strong reactions from folks — controversy is an age-old marketing trick — who feel the band is devaluing independent music, etc. I am not sure what I feel about it myself but here are a couple of thoughts:
- PayPal made a multi-billion dollar business by paying people $5 to join the site back in the day;
- ING Direct used to pay customers $100 to open an account with them;
- Nike and Adidas pay money to even amateur athletes for the privilege of giving them even more free stuff (shoes, shirts, etc.) to wear;
- Plenty of companies will pay you money to use their products just to tell them what you think;
What’s my point? Paying folks to use your product, service, etc. is not in and of itself insane — provided that you have the means of making the money in other ways. I’m just not sure if this should apply to music.
Panos
“Panos’ Brew” is Sonicbids founder/CEO Panos Panay’s weekly (or more) post about whatever happens to be on his mind. Look for musings and observations on entrepreneurship, the state of the music business, his experiences with members, interesting things he’s seen in his travels, or just about anything else.
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