Seriously. This is a perfect time to be an entrepreneur. The economy is in a recession. The music business is in a transforming stage (if not dead already). Yet, there is still room for innovation. Believe me when I say, "This is the best time to enter the 'bizness.'" Turning a threat into an opportunity is clearly a way to prove your tenacity and shrewdness within the music business.
The Internet is seriously leveling the playing feild for independent success. You can just look at the "Internet rapper" phenomenon. There's a plethora of free music out there in the form of mixtapes, and some of them are better than full-length albums. This is the "threat." How do we turn this into an opportunty--how do we monetize? I can't pretend I know how to do this. But please believe I'm trying to figure it out. It may not be in the form of a traditional record label, but there is a business model waiting to be formulated that will benefit both the artist and the "bizness."
The Internet is seriously leveling the playing feild for independent success. You can just look at the "Internet rapper" phenomenon. There's a plethora of free music out there in the form of mixtapes, and some of them are better than full-length albums. This is the "threat." How do we turn this into an opportunty--how do we monetize? I can't pretend I know how to do this. But please believe I'm trying to figure it out. It may not be in the form of a traditional record label, but there is a business model waiting to be formulated that will benefit both the artist and the "bizness."
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