One of the things I'm looking forward to in Austin is finally meeting my longtime music pal Mark Gunn in person. He's a smart indie musician who has posted a lot of great promo ideas online over the years.
In an article called The Price Is Right, Marc gets pissed about people who suggest that indie artists should charge no more than $10 for their CDs. He writes, "How do I say this nicely ... That's Bull Sh*t! It's hard enough for us to make a decent living selling CDs, but to sell them for $10? Unless you have less than 10 songs, don't listen to 'em."
Marc continues, "Will more people buy the [lower priced] CD? Well, probably ... a few. But you know what? If people like your music, they WILL pay $15 for a CD! Surprise, surprise, surprise. They may hesitate a bit, but they will eventually buy it, and when they do, it will mean so much more to them. Don't be fooled. You are a professional. Now act like one."
Great attitude. In the article, Mark also points out another great reason to raise your prices: A higher price point allows you room to discount your CDs from time to time. This makes your fans feel good because they got a deal -- and you still make a few bucks.
-Bob
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