I have wanted to know the answer to this question for a long time. After finding some information on the blog “Information is Beautiful” I got some clarity. Here is my video telling it all. Transcript is below.
Transcript of the video below.
What’s up (laugh) What’s up everybody! This is Jewell aka Quepea. Coming at you with another episode for tips, on being an Independent Artist.
OK, this one I take no credit for this article; but I just have to share it with you, and do some commentary on it. Because I think it is very important that you out there the independent artist or anybody else entering in the entertainment business, have a clear understanding of how much money can you really make, by putting your music or movies or whatever you have out there on the internet.
Now this particular study was done specifically for CD’s; or CD’s that are released online like mp3’s and so fourth. I am going to shoot over here and give you a screen shot. Alright, so what you are looking at here it’s called Information is Beautiful. Here you go; if you look up here; follow my little mouse, you see that this is the website. I am going to have this link down at the bottom. And the questions was posed “ How much do music artist earn online?” So, you know I read the article and it was really refreshing and enlightening to really get an understanding of what it takes.
Now I am going to say that, um this isn’t pinpointed, or it is not exact. It’s general information that they can get based on sales data and all this other stuff. If you understand retail and big business and all that kinda things. You understand that each week reports go in and about how many sales were here or there and the third. And somebody is always keeping statistical data.
So this report was put together by that. Now I am going to click back over here on the chart. And you will see here is says “For solo artist to earn US monthly min. wage”. Now they say US monthly minimum wage is one-thousand, one hundred and sixty dollars. (pause) Yeah Right, Anyway. Psss they kill me with that sh&t. So let’s move on. You see right here, Self-pressed CD’s, if they sell for nine dollars and ninety nine cents, um and you sold one hundred and forty-three units. The artist is going to get about eight dollars per CD. Now if you are an independent artist out there and you actually create CD’s on your own, using your own computer or whatever. If you watch this video send me a comment, I really want to know if this is true.
I mean are you really making eight dollars for every nine dollars and ninety-nine cents that you sell. I mean you don’t have to tell me. But if you would be like ah yeah that is pretty close or something like that; that would be cool. Um I am doubtful. And I am doubtful because, um I understand the words of expense. You know there are expenses when you create a product from nothing to something. You know you have to gather raw materials, there is an expense for those raw materials you got to put them together, the labor to put them together, all that other stuff; it’s probably not figured into this cost. But um the biggest part of this that I wanted to share . When they start talking about iTunes and Spotify and Rhapsody. Let me shoot over here. And you will see right over here and it says album download from Napster, iTunes, it sells for nine dollars and ninety-nine cents you would have to sell one-thousand two hundred and twenty-nine units, in order for you to even come close to making minimum wage. And that is at you getting ninety-four cents per every unit sold. Yeah right. And amazon you would have to sell twelve-thousand; now this is just a track, a ninety-nine cent track. You would have to sell twelve-thousand three hundred and ninety-nine in order for you to even come close. WOW! That is huge.
But my favorite is Spotify. Real quick before I run out of time. Four million fifty-three thousand one hundred and ten units, you would have to sell to come close to minimum wage if you were on Spotify. Think about it. Is it worth it? Are you gonna make money? I don’t know, something to think about there independent artist.
Posted by Jewell aka Quepea