May 1, 2008

Look At Free Music, Look How It Drives Web Traffic To You….

Duncan Riley

32 comments »

coldplay.jpg

Free music equals serious web traffic, at least that’s what Coldplay have found with the free release of “Violet Hill” on their website April 29.

According to figures release by Hitwise, the Coldplay website shot to the top of the rankings in the Bands and Artists category, with 52% of visits to the site coming via an email sent to registered fans. Exclaim News reports the single was download 600,000 times in the first 24 hours.

One song doesn’t make a revolution, and we’ve already seen experiments from other bands including Nine Inch Nails and Radiohead (the latter being a poorly executed publicity stunt). This sort of traffic does demonstrate some sort of tangible benefit for Coldplay, and therefore in favor of offering music for free. In Coldplay’s case they also insisted that those wanting the free single had to provide an email address, post/ zip code and country of origin; given just shy of 50% of those visiting the site for the free music weren’t registered fans, that’s around 300,000 new Coldplay fans now registered at the site (and still growing), 300,000 people Coldplay can now market albums, concerts and merchandise to.

See some of Michael’s posts here and here on the death of the paid music industry.

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  1. Siddharth

    Free things always attract more visitors and higher rank. Like free download or service and when we talk about free music it do very well for sure, like Yahoo! Music.

  2. Solacetech

    Let’s not forget these are ESTABLISHED acts, not totally new artists. Money is still needed to promote and build a fanbase. Music SALES will still be a factor for up and coming Music Stars…

  3. Paul

    In what way was Radiohead’s pay-what-you-like album a “poorly executed publicity stunt”? That’s the opposite of reality, based on all sensible analysis.

    http://blog.wired.com/music/20.....radio.html

    Anyone who’s arguing that they lost money to people who paid less than X (or even $0) is just not living in reality.

  4. RIAA

    Sorry but as usual web 2.0 “gurus” only understand a small portion of the real story. The economics of the current web simply don’t support a web 2.0 utopian view of content creation. Great content produced by a business requires real business models, not “put adsense next to it” business models. Adsense is by far the most efficient way to monetize reference content, and it simply does not, and cannot, pay enough to create expert, authoritative, edited content. A few rules:
    1. When people are in “listening mode” they dont give a shit about ads on the page.
    2. Perceived value is value. Paid content monetizes better then ad-driven content for content which is valuable.

  5. Jim McNelis

    i like it

  6. adm

    “poorly executed”? give me a break.

  7. EL JEFE

    Maybe Coldplay wins because their album was free, maybe because it was Coldplay. I don’t think this is a sound explanation for them being the leader.

  8. Sunil

    Everyone loves to go for something which is good and free rather than paying for it. No wonder why everyone is running for Google these days.

  9. Mike

    How is New Kids on the Block on this list with more market share than popular artists that are actually around today? This list is bogus.

  10. Morgan

    “300,000 people Coldplay can now market albums, concerts and merchandise to.”

    OK so now they can market free albums to 300,000, no revenue there since apparently no one will eventually pay for music.

    So t-shirts, stickers and concerts are the only legit source of revenue I guess, and if you’re a band that doesn’t perform live or sell your name on a t-shirt?

    I don’t know if these articles are here to sort of help people rationalize stealing via piracy or what. Because if it’s supposed to be helpful advice, it affects like maybe 5 readers that create music on the scale that this advice would even help if it were good advice.

    Everyone, I would imagine, is aware that free things drive traffic.Popular free things even more so. Thinking in Java, The Purple Cow thing, I mean none of this is news. But however many successes of ‘free’ will never mean there aren’t other completely legitimate business models for different kinds of artists or authors or whatever kind of content creator.

  11. Ryan Gutierrez

    @RIAA
    I think you’re missing the big picture here. I don’t think the author was saying that a business can make money putting out good content by just monetizing it with Adsense and the like.

    The real value of this promotion is the 300,000 or so new email addresses that Coldplay now has available to them to market to. What they should have done is put a link to pre-order the new album through Amazon or iTunes on the email address form and the confirmation page. That would have boosted their first week sales which would have gotten them even more press coverage and most likely secured them the #1 spot on the charts.

    Aside from the obvious benefits of a #1 album, you have the fringe benefits of marketing to those 300,000 new fans when it comes time for your world wide tour in support of that album. If Coldplay are smart, this is what they are already planning, evidenced by them asking for your zip/postal code.

    Once the tour is scheduled, expect them to segment their new 300,000 fans by zip code so that each fan is emailed a link to buy tickets to the concert that is closest to them in the days, weeks and months leading up to the night of the show. After they buy the tickets, you better believe a certain percentage of them will also be going home with a new Coldplay t-shirt, poster, keychain, bobblehead or what have you, so what started as giving away one free song can lead to an album sale, selling 2 tickets to a concert and selling a t-shirt, all just from one album.

    It’s pretty clear to me that the benefits of giving away music extend much deeper than most people realize at this point, especially those with no experience in the music industry and direct marketing.

  12. Ryan Gutierrez

    @Morgan

    I think you’re leaving out the profit margins associated with t-shirts and concert tickets. A $20 t-shirt costs AT MOST $10 to make, leaving $10 in profit, give or take. Compare that to a the $1.40 that David Byrne of the Eagles says most artists make from an iTunes sale (http://www.wired.com/entertainment/music/magazine/16-01/ff_byrne?currentPage=all). Then think about the amount an artist like Coldplay makes from a $50 ticket. Unfortunately I have zero idea how much they get from that, but if they get the same 14% from a ticket sale that they do from an iTunes album sale, that’s $7 per ticket x 5,000 seats in an amphitheatre x a 25-date US tour = $875,000 profit from ticket sales alone.

    I think anyone commenting and writing about the state of the music industry really needs to Steve Albini’s essay called “The Problem With Music”

    http://www.negativland.com/albini.html

  13. Aaron

    “poorly executed”? By what standards? The band made several million dollars in a few days and got the kind of attention that a band more than fifteen years after its first hit single never gets.

  14. sam

    duncan…

    you obviously have biases towards the “web 2.0″ koolaid!

    your comment regarding radio play, was along the same thought process as your former comment regarding “Prince”!! alot of noice, and very little actual rigorous substance/analysis.

    for whatever reason, radiohead stated that what they tried was not going to change the game, and it was a one time deal. as far as i can tell, if it had been wildly successful, from a financial standpoint, it would have been continued.

    you guys somehow believe that music/content should be free, and the artist should somehow fend for themselves…

    puhleze!!

    peace

  15. Frederick

    I would invite all the gurus in favor of web 2.0 so-called “free model” to think about the “brand value” of Coldplay. The only key is in the brand value.

    Let’s say for instance that my band, just created in a London basement, decides to give away its music. We will get no press coverage to support our initiative because no one will find it “cool” (it was so “cool” to see a major act as Coldplay with a big fat bank account giving away their music to the world and being “cool” is the first thing you need to get the press attention).
    We won’t get more than a few tens or hundreds of visits and free downloads because basically we are NO ONE for the audience.

    Coldplay’s major label had invested millions in the Coldplay brand before the band decided to quit. Now they pretend that, out of the blue, they could make a living out of giving away their production… nice try ;-)

    They’re a bit like spoiled children without gratitude towards their wealthy parents.

    The rules of business will never change:

    1° invest
    2° earn

    That’s it.

  16. liam

    Yes, giving free music away will drive traffic to you, but only if you have enough fans. And how to you get that many fans, by selling your music, touring and promotion etc… (The usual)

    So to give away music for free and make it a success, you already have to be a successful band.

    The only people you will impress and get to sign up is people who otherwise wouldn’t buy your music, but might just listen to it on the radio and like it. I think there is a very small percentage of this new traffic you will get from your free give-away that will actually go away and buy the album as a result.

    Most of the people who do buy the upcoming album would have probably bought the new album regardless of whether the last track was free or not.

    Overall I’d say a pretty pointless task unless you are famous enough for people to give a shit, and even then your only going to attract people who don’t like you enough to pay for your music.

    Having said this Coldplay are playing a few free gigs which they are paying for themselves, so I’m sure that the Free music was more a way of attracting people for the Free gig they have coming, rather than a way of generating more sales.

  17. Johnny Walker

    This list is totally inaccurate. What about other massive artists with massive sites like Linkin Park, Madonna, Mariah Carey, Carrie Underwood, or others? Metallica, Hannah Montana, My Chemical Romance, Slipknot, NIN, Rascal Flatts? Hitwise is a joke.

  18. Johnny Walker

    Oh and who the heck is Dr. Sam and the Frivolous Action Blues Band? Has anyone been to this site? Its a joke.

  19. Bill Gates

    And who is foolish enough to use there real name and email address? Doesn’t everyone have a Gmail address to use for getting free stuff without having to sift through tons of worthless marketing SPAM?

  20. Peter

    I’m another perplexed by the statement that Radiohead’s free release was a poorly executed publicity stunt. Clarification?

  21. Bruce Warila

    A free music strategy is a must for all artists. There are numerous reasons why FREE does not mean FREE forever. http://tinyurl.com/5hrcpq

  22. Peter Antypas

    I did this with the first album of my band three years ago. It worked. It got the band attention, local press and helped build the fan base. So I can argue (with proof) that this works for all acts that actually perform live, regardless of status. To build a b(r)and with little money, you MUST remove all obstacles to spreading the music, including the burden of making a purchase. If you have Sony behind you, you obviously don’t need to do that, but how many acts start there anyway?

    If anyone cares, the band is at http://myspace.com/diepilot. I no longer manage them.

  23. Bill Riley

    Look at Duncan Riley, look at how his posts drive drivel to your brain…

  24. -=Apostle=-

    How many bands have free music on Myspace that we’ve never heard of and will never hear? Some of the bands are probably good, but we won’t hear them until a label signs them, or they get some sort of exposure other than the free music they offer.

  25. Mike

    Radiohead provided low-quality MP3s from their site. That shows they don’t care about their fans and it was only a gimmick to get you to like the music enough to buy a better quality version.

    @9 Mike - New Kids On The Block just announced they’ve reformed, that’s why they have a spike in traffic. I’d guess that the buzz around Def Leppard’s new CD is why they have a substantial spot on the list as well.

  26. tywhite

    @9Mike– New Kids on the Block is BACK! New single goes to air in a couple weeks, and they’ll be performing on one of those morning shows as their first live performance together in 15 years. Not saying you should care…

    @Bill Gates–Who cares if people don’t put in accurate information? The people who do put bogus information would ignore the marketing anyway. It’s just another “opt-in” method–help the people who DO care find out more about the band, ignore those who ignore you.

    If you want a remarkable indie music success story with some mild similarities, look to The Format. They got dumped by their major label, put the severance cash towards making an album the way they wanted to, shunned later offers from other majors in favor of self-releasing, sold mp3s for $7.99 online (the one success story SnoCap had), debuted at #77 on Bilboard (highest ever debut for someone not on a label, if I’m not mistaken), and a year later gained even more fans by giving the mp3s away to anyone who joined their mailing list (many hundreds of thousands of downloads). Pretty impressive.
    If you want more on their tale, e-mail me at tyson.v.white at gmail.

  27. Jeff Cadbri

    I never buy music.

    I download free mp3 music from sites like http://kazooii.com/music

  28. russell_cross64@yahoo.com

    very good

  29. Andrew

    WOW! There are alot of ignorant and misinformed people replying to this post.

    The business model of FREE music is just beginning and will become the norm very very soon. The labels are on there last leg and the RIAA is starting to crumble. Artists (both established and unknown) will embrace the FREE model and discovery methods will increase allowing bands/artists to make money in all sorts of new ways…

  30. davidmaxwel

    Yes, giving free music away will drive traffic to you. Free things always attract more visitors and higher rank. I like it. I think it would be success in executing.

  31. Politics Apocalypse

    Last month I released Politics Apocalypse, a full length album using the creative commons licence attribution 3.0. This allows you to use the music however you please (including in commercial projects) so long as you give credit. Since last month we have had over 3000 album downloads.

    We accept donations, and we have a name-your-own-price CD; which is a unique concept where you can name your own price (starting at cost price) for a CD. We have had a couple of orders and heaps of positive feedback.

    The album is political post-industrial rock with an interesting mix of classical instruments, guitars, electronic beats, and a dash of aussie hip-hop.

    You can download the whole 11 track album for free at our website.
    http://www.politicsapocalypse.com

  32. Craigslist And New York

    These results are nice of course, but it’ s good to realise that the research was very small- scaled. Seven schools were observed, two of which as a control- group, and the other five were the schools that had a good music program. The author is also not very clear about the nature of the music educational programs that were offered. It seems rather plausible that learning to read music from paper will stimulate the abbillity to think abstractly, so would making music without learning to read notes have the…