Bandcamp, an online music store and promotion platform, have issued very interesting summary of their activity. We actually buy more music while looking for illegal downloads online.
Very interesting blog, check it out:
A few months ago, we began tracking the starting point of every sale that happens on Bandcamp. In the course of looking at the data (which we’re using to help us plan out what to do next), we’ve noticed something awesome: every day, fans are buying music that they specifically set out to get for free.
For example, just this morning someone paid $10 for an album after Googling “lelia broussard torrent.” A bit later, a fan plunked down $17 after searching for “murder by death, skeletons in the closet, mediafire.” Then a $15 sale came in from the search “maimouna youssef the blooming hulkshare.” Then a fan made a $12 purchase after clicking a link on music torrent tracker What.CD. Then someone spent $10 after following a link on The Pirate Bay, next to the plea “They sell their album as a download on their website. You can even choose your format (mp3, ogg, flac, etc). Cmon, support this awesome band!”
We see these sales as proof that Bandcamp can effectively compete with filesharing and other free distribution platforms by a) giving fans a clear, easy way to directly support the artist, and b) offering them a better user experience. Our favorite recent example of this was an $8 sale that started with the search “milosh flac -torrent.” So here was a fan looking for a Milosh record, wanted a high quality flac, but didn’t want to have to sift through a bunch of torrent sites. And that led them right to Bandcamp, and right to putting money in the artist’s pocket. Beautiful.
A little more uplifting info to ring in the new year:
- In the month of December alone, Bandcamp artists raked in more than one million dollars in music and merch sales (bringing the total to-date to $12.6MM).
- 22% of those sales happened because of Bandcamp, driven by things like tags, the home page, recommendations, and search.
- 40% of the time, fans pay more than the asking price for name-your-price albums.
- 53% of all purchases are made by fans located outside the U.S. (Check out the countries in this recent snapshot of the live sales feed.)
When we first launched Bandcamp, the conventional wisdom was that music retail was moribund, and that artists’ futures were all about those terrifically lucrative tours you guys go on, supplemented perhaps by trickle-down advertising revenue generated by millions of listeners enjoying your tunes while doing their best to ignore ads for toothpaste. Fortunately, it appears there’s still a thriving community of fans who understand that the best way to support the artists they love is by handing them money. We aspire to present this truth as clearly as possible, and provide a service that respects both the integrity of the artist, and the intelligence of any serious music fan. Thank you for being a part of it!