I’ve been an admirer of Seth Godin for a while. His book “Small Is the New Big,” (among others) is one of the seminal publications of the so-called Web 2.0 era. Godin periodically weighs in on the music business, (I think I mentioned this fascinating dissection on the future of the radio industry before) and what he has to say is invariably smart, on point, and a few laps ahead of the field. Some of what he says may appear stunningly obvious, but it’s amazing to me how little of it has been understood – or, more to the point, embraced, by the music-biz world at large.
So anyway, let me commend to you his Music Lessons blog entry posted earlier today. Godin’s 14-point manifesto-for-music-in-the-digital-age (starting with Point Zero!) is the first “must-read” of 2008, to my mind. Here are a couple of memorable grabs:
2. Copy protection in a digital age is a pipe dreamIf the product you make becomes digital, expect that the product you make will be copied.
There’s a paradox in the music business that is mirrored in many industries: you want ubiquity, not obscurity, yet digital distribution devalues your core product….
Most items of value derive that value from scarcity. Digital changes that, and you can derive value from ubiquity now…The solution isn’t to somehow try to become obscure, to get your song off the (digital) radio. The solution is to change your business.
You used to sell plastic and vinyl. Now, you can sell interactivity and souvenirs.
3. Interactivity can’t be copied
Products that are digital and also include interaction thrive on centralization and do better and better as the market grows in size (consider Facebook or Basecamp).
Music is social. Music is current and everchanging. And most of all, music requires musicians. The winners in the music business of tomorrow are individuals and organizations that create communities, connect people, spread ideas and act as the hub of the wheel… indispensable and well-compensated.
4. Permission is the asset of the future
… Permission is an asset to be earned. The ability (not the right, but the privilege) of delivering anticipated, personal and relevant messages to people who want to get them. For ten years, the music business has been steadfastly avoiding this opportunity.
It’s interesting though, because many musicians have NOT been avoiding it. Many musicians have understood that all they need to make a (very good) living is to have 10,000 fans. 10,000 people who look forward to the next record, who are willing to trek out to the next concert. Add 7 fans a day and you’re done in 5 years. Set for life. A life making music for your fans, not finding fans for your music…
5. A frightened consumer is not a happy consumer.
I shouldn’t have to say this, but here goes: suing people is like going to war. If you’re going to go to war with tens of thousands of your customers every year, don’t be surprised if they start treating you like the enemy.
There are 13 more equally thought-provoking points in Seth’s manifesto. Take a moment to read the whole thing. I’ll return to point 2) in a little while.