
Music industry shows us how to discover more value in our products
By Nial Adams
My close friends will tell you that I’ve a rather eclectic (or perhaps that should be eccentric!) taste in music. I grew up as a young teenager on a diet of hard rock and heavy metal. Then I discovered the beauty and complexity of classical music and fell in love with composers like Tchaikovsky, Mahler, Rachmaninov, etc.
Broadening my tastes even further as young adult I went all retro and spent my time soaking up the likes of the ‘Stones, the Doors, Clapton, etc. Now my tastes have changed even more and my iPod carries a complete mix of everything from indie, pop, dance, house, trance, blues and some very obscure ‘world-music’ but my real passion lies with ambient trance and in particular any of the amazing work by Simon Posford, a genius of acoustic/electro ‘ambient psy-trance’… no seriously!
So why am I telling you all this? Well, here’s an interesting lesson in marketing that I’ve just been massively impressed by.
Younger Brother, a music project by Mr Posford and Co, are about to cut a new CD but have taken a very different route to market; you might have even become aware of it before. It’s called Pledge Music and this is how it works; before the CD is actually recorded the artist asks their followers and fans (their community or ‘tribe’ in marketing terms) to pledge what they will commit to buying when the new CD is released. It’s a form of pre-selling, if you like.



