Marketing Masterclass – w Dave J Mason

Marketing with Dave Mason

Brother strut – marketing funnel; capture someone and nurture them into being a fan

The purchase funnel, or purchasing funnel, is a consumer focused marketing model which illustrates the theoretical customer journey towards the purchase of a product or service. … Awareness – the customer is aware of the existence of a product or service

http://marketing-made-simple.com/articles/purchase-funnel.htm

Identify revenue streams:

Where money is coming from (less about selling albums) e.g. Subscription fees.

Membership business is good, money consistently coming in.

YouTube ads, 1 channel could earn more than other channel the same. Good source of income.

Customer segments; demographic your music is aimed at.

Tailor your marketing at those people.

Key partners/joint ventures

Other people/artists who have a reach to other people.

Costs

What does it cost for my business to exist? Hiring rehearsal room, driving, website, ads, phone bill for contact. Fine detail of how much it costs to run business – whether you break even.

General Notes

Understanding that the narrative and branding of you is important in how the band will be perceived, how you make people feel.

The 80/20 (Pareto) principle: 20% of work accounts for 80% of results.

The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

— http://www2.latech.edu/~box/ase/papers2011/Ankunda_termpaper.PDF —

  • Principle of opportunity cost.
  • Re-marketing: cheap and effective.
  • Garry Vaynerchuk.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s