We had the pleasure of attending the SanFran MusicTech Summit on Monday to help further establish an ongoing, Northern California based music and music technology marketplace. This was a convergence of "the best and brightest minds in the music and technology industries" according to event producer Brian Zisk of BuzzMakers. Since we know a lot of you out there are musicians, we thought we would take this time to share a little of what we learned, who we met and where we see this industry going.
There were 15+ sessions to attend throughout the day with over 60 speakers. Sessions included Leveraging Data to Generate Revenue, Building Social Networks Around Music, Live Entertainment Services, Licensing, Funding, Open API and Innovative Companies. There was so much going on at the same time, the moto of the day for our group became "Divide and Conquer" (not to be confused with the moto of our company which is "never leave your wingman").
Things We Learned About:
The importance of a Community Manager
As a musician or a band, you need to give your fans the opportunity to gather and communicate with each other via forum or some other platform they feel comfortable with. This may include many of the social networking platforms such as Friendster, MySpace, Facebook, etc. In addition, it may include many blogging and microblogging utilities such as our very own TypePad, Twitter, Pownce, Blogger, and many more. In order to manage all of this communication and really establish multiple avenues of communication with your fans, you need at least one person to handle this and speak with a consistent voice and message. Thus, the importance of a community manager.
The importance of Marketing
Like it or not, a band is a business. Just as in any business, you need to market your product in as many ways possible to as large an audience possible within your particular demographic. One of the ways available to you is to give your products away at a discount... if not free. Give away some free MP3s or tickets to your shows. Find ways to interact with your community and gain their trust. Make your fans your evangelists and make them feel as if they're a part of the revolution.
The importance of Diversification
While MySpace and Facebook are the go-to social networks, make sure you are on other sites like iMeem, Buzznet, Friendster, and LastFM. This is something that your community manager will be managing, but the direction you give your community is important. Understand that there are multiple ways to interact with your community outside of just the big two. In fact, you may discover that your fanbase is more prevalent on Friendster than Facebook. Don't be afraid to expand your horizons. Or as our mother's always said: don't put all your eggs in one marketing basket. Ok, so maybe mom didn't have the word "marketing" in there.
Who We Met and Had To Mention:
- Charles Feinn, President & CEO of MixMatchMusic - The new music community created by musicians, for and about musicians.
- Jeff Roberto, Director of Marketing at Friendster - The grandaddy of social networks is making a comeback. Don't count them out just yet.
- Sean O'Connell, President of MusicAllies - Marketing, promotion, design & strategy.
- Matthew Gonzales, Biz Dev Director for Zvents - Discover things to do.
- Jon Luini, CTO of VirtualVenuesNetwork - Artist to audience distribution platform bringing the show to a small town near you.
- Carnet Williams, CEO of Sprout - The quick & easy way for anyone to build, publish & manage widgets, mini-sites, mashups, banners and more.
- Deva Santiago, VP of Talent for SearchMe - See what you are searching for.
- Stephen Weisz, Founder & CEO of InTicketing - Premiere technology company providing ticketing & e-commerce solutions for bands, venues & festivals.
- Matt Goldberg from Volume11 - Music management trends & tools in the digital era.
- Theda Sandiford, Founder & CEO of ThedaDOTCOM - Blog about technology trends, the entertainment industry & how we consume media.
- Corey Denis, Co-Founder of ReapandSow - Planting music in your mind.
- Chuck Fishman, Manager of Media & Ent. at Cisco - Media solutions group.
- Greg Ruff, Founder of WhiteSpace - A market innovation strategy focused consulting firm.
- Rachel Masters, VP of Strategic Relationships from Ning - Create your own social network.
The day came to end with a great cocktail party sponsored by SeeqPod, Friendster and LyricFind with DJ KnowOne spinning for the crowd. It was a great day and we are very happy with all the new friends we made. See you all again next time!
Coming Up Tues: Featured Cartfly
Photo by: mona@monalong.com includes Katie Fox, Justin Brommel, KnowOne, Kurt Collins