Earn Your Leisure

EYL #301: Cut Out The Middleman: How Artists Can Get Paid Directly for Their Music by Selling Straight to Fans

Jul 30, 2024

Mag Rodriguez and LaRussell join the conversation, with Mag highlighting the EVEN platform's innovative approach to music sales. LaRussell shares his impressive $27,000 revenue in 24 hours from his album release. They discuss the limitations of traditional streaming, emphasizing that artists can benefit significantly by selling directly to fans. The 'Pay What You Want' model and the rising Afrobeats market are also explored, showcasing how artists can reclaim lost revenue and build closer relationships with their audience.

01:04:18

Creator website

Episode guests

LaRussell

Mag Rodriguez

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The EVEN platform revolutionizes how artists earn by enabling direct sales to fans, significantly increasing their revenue potential compared to traditional streaming.

LaRussell's success on EVEN, making $27,000 in 24 hours, illustrates the viability of artists adopting direct-to-consumer sales models.

EVEN fosters stronger fan-artist relationships by offering exclusive content and experiences, enhancing fan engagement and community support for artists.

Deep dives

Empowering Content Creation and Business Management

Content creators often struggle with managing both production and the business side of their work. A comprehensive platform exists to help them take control of their content, brand, and income without the need for large teams or multiple tools. It provides an all-in-one solution that enables entrepreneurs to transform their passions into profitable ventures through online courses, membership sites, or coaching. Notably, it allows creators to keep every penny they earn, eliminating revenue sharing arrangements that often diminish artist earnings.

Intro

2min

Revolutionizing Artist-Fan Connections

3min

Revolutionizing Music Distribution: Direct Fan Engagement and Artist Support

4min

Navigating the Music Industry: From Artist Management to Music Tech Innovation

3min

Empowering Artists through Direct Sales

13min

Empowering Artists: Luminate's Role in Billboard Charting

2min

Direct Sales and Streaming Dynamics

21min

Empowering Artists Through Direct Sales

20min

In this episode of Earn Your Leisure, we sit down with Mag Rodriguez to discuss the groundbreaking changes happening in the music industry through the EVEN platform. Discover how LaRussell made $27,000 in just 24 hours by releasing his album on EVEN, and learn why artists are missing out on significant revenue by not selling directly to consumers. We explore how EVEN is the first direct-to-consumer music platform to report to Billboard and whether fans would pay extra for music from their favorite artists.

We delve into the staggering statistic that only 10% of people will ever have the chance to see their favorite artist live and how the "Pay What You Want" model on EVEN is changing the game. Rodriguez shares insights on the importance of demand before releasing an app, the underestimation of revenue potential in other countries by big corporations, and the impact of Afrobeats making $100 million in 2023, with only 2% of the revenue reaching Nigeria.

We also discuss the future of the music industry with the "Proud To Pay" model, EVEN's mission to increase revenue for the music industry, the challenges with music labels' 3-month payment system, and the lack of fan data for most artists. Learn how EVEN convinced Ryan Leslie to launch his project on their platform and ponder the possibility of a major artist releasing an exclusive album on a "Proud To Pay" platform.

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