Explain to me how netlabels fit this "business model" exactly? Netlabels give away the music, and sell... what? How does the word "business" apply here?
Well, for my business model I am using netlabels to bring in listeners and help develop and foster new artists. When the websites bring in a large amount of visitors, profits can be made off of advertising. Using this source of income I plan to produce physical releases that hopefully a percentage of the monthly visitors will purchase. So in a sense, I am giving away music to sell music. I am also in the process of diversifying my 'genre' portfolio by creating new labels with new musical scopes. This allows me to release more material in different genres, increasing the potential profits and profit income to fuel future physical releases.
Please note, I am not a big fan of advertising (Dark Winter has been ad-free for over 5 years) but if it will help me create physical releases I am on board with it. I have been working on the best, cleanest, and non-obtrusive way to do this.
Best,
Nathan
www.bunkdata.com
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