As the health of the recording industry continues to deteriorate, live shows have taken precedence as the focal point for a new music industry. Fans want unique experiences, and after all, an album is just a copy of a performance -- whereas a live show cannot be duplicated. Sure, video or audio of the show can be recorded and distributed, but the experience of being there cannot be copied.
These days, many artists are saying the recording is less like a product and more like an advertisement for their live show. This doesn't mean that your albums are any less important. In fact, the sound and look of your album matters more now than it ever did. Unlike the brick-and-mortar days of shrinking shelf space, in the Digital Age your album appears everywhere -- from blogs to webstores to social networks. It is a single, shining beacon of your uniqueness as a musical act in a vast sea of aspiring artists. You should still be putting maximum effort into the production of your CD.
That said, as an unsigned band you may not see a significant revenue stream from physical CD sales right off the bat. Like any start-up business, bands (like mine) are willing to invest a little money up front in the hopes of making a profit in the future; but many bands are mistakenly viewing their album as their primary 'product,' which could lead to a money-losing investment.
Independent bands are small businesses, but in 2008, this business is not about selling CDs. The 'product' is actually the band itself. CD sales will follow naturally if you can sell your band.
When hundreds, even thousands of albums are released every week, your needle in a haystack can easily go unnoticed, no matter how ingeniously crafted or well-produced it is. For a fan to pick you out of the crowd, there has to be a personal connection. In this way, fans are truly becoming more like 'friends.' And just like friends, they'll like you more if you like them back.
The relationship between fans and artists is what music (and the music industry) is all about. For independent bands, it's not about 'moving units,' it's about making connections.
Albums are gateways to establishing these connections. So are band websites and social networks. But as technology changes, one thing remains true: the best way to make a lasting personal connection is in person. Unlike the decidedly one-way experience of listening to a CD, a concert is a shared experience between bands and fans.
There are many reasons why your live show should be at the center of your band's business strategy, and not the least of which is that concerts offer the best revenue streams (besides ticket sales, fans usually prefer to buy albums and merch from you directly).
The live event is where the money is, and there will be many different ways to get there. For some artists, live shows are where they hone their sound, songs and image -- and almost everything that album embodies is a representation of their live act. For others, songwriting talent or studio production skills may be their strongest suit, and internet distribution may help them win live performance opportunities never before available to them.
Ultimately, it's the fans that will make you popular. If you want to make your money as a musician, your best bet as an independent band is to play every live show you can. Create a legendary concert experience that others will strive to live up to. Your fans will not just follow, they'll lead.
-- by Zac Shaw, GarageBand.com Newsletter Editor
[DISCLAIMER: the views of Zac Shaw do not necessarily reflect the opinions of GarageBand.com or iLike, inc. Zac's just a dude who gets to edit this newsletter. Although we do think he's kinda cool... sometimes.]