Starting you own digital music label

[quote]tommyt (11/4/2009)[hr]I agree with you guys. It’s seems very likely that the very top 10 on Beatport can generate these types of sales. I don’t think it’s far fetched at all. someone should find out the traffic or hits that beatport recieves on a average day. Then you could probably guess at to what their sales could be.[/quote]



sure thing, im not saying every top ten is going to generate high cash levels after all if now tracks sold one week and the highest was only 50 copies then obviously that would still be the top ten for that week. beatport do however release rough estimates sometimes on the front page saying how many copies have been sold

never said you were a asshole howie, as far as the post thats just how i felt, i would of worded it differently , no big deal, I was just letting you know how I felt about it, feel free to call me out if there is something you don’t like about my comments that i post


Jons numbers don't seem too unrealistic too me. Only thing i'd say is that sometimes the top spot will sell near the same as the rest of the top ten put together. I'd imagine from 6-5 would be in the 2000 to 5000 sales range with the rest of the chart tapering off quite steeply.

I wonder where we can find this info out? I'd love to know their sales figures!

i know a guy who hit the top ten on trackitdown and although he sold 3 times as many units on Beatport he didn’t even get anywhere on their charts, im sure its the same with itunes. if you hit number one on itunes im sure as fcuk that you’ll be laughing all the way to the bank :slight_smile:

Thats what I meant too. I have heard that when a track first comes out and it goes to the top of the charts, that’s when the big payday is. It is all downhill from there. You still get paid, but its a little… little there. The big check is from the first 2 weeks of sales.

[quote]howiegroove (11/4/2009)[hr]Thats what I meant too. I have heard that when a track first comes out and it goes to the top of the charts, that’s when the big payday is. It is all downhill from there. You still get paid, but its a little… little there. The big check is from the first 2 weeks of sales.[/quote]



I suppose like any other chart, the number of sales will determine your position of course - along with comparison to others. You can still sell a ton of units and not achieve a decent chart position on some online stores.



You can sell 10,000 units on a site like Beatport and most likely hit the number one spot, but on a more ‘mainstream orientated’ music site like iTunes you could sell the same amount and not touch the Top 100.



As Howie pointed out about the first couple of weeks can be the most crucial in sales for most, but I guess this could vary as well. A popular track can sell thousands of copies and hit the top spot straight away, but after that track could gradually (or quickly) drop out of sight. Another track can sell a reasonable amount, enter a Top 30 position but remain there for several months selling the same amount (or more), just over a longer period of time.



Obviously other factors like this determine chart positions as well - your own sales, comparison to the competition’s sales, all those sales in comparison per week. Ok, not being seen at the number one spot might give you little less publicity or attention, but that doesn’t instantly mean your doing badly or the track lacks popularity in any way, it could just mean others are selling more at the time.

[quote]howiegroove (11/4/2009)[hr][quote]mat1 (11/4/2009)[hr] From that figure, 17.5 percent VAT is paid to the government by the shop, so subtract £1.93 and you have a net of £11.06. …dealer price is £7.37, of which 17.5 percent VAT is paid to government by the distributor… net to the label is £5.09, of which 17.5 percent VAT has to be paid to government…In my case it used to be 17.5 percent of what I received, excluding VAT…if you are not VAT registered, you will be paying 60p plus VAT (70p) per copy for manufacturing, £200 plus VAT (£235) for glass mastering, and £1000 plus VAT (£1175) for your adverts and flyers. But you will still only be receiving £5.09 from the distributor. What’s more, if you did want to increase the price to earn more, in order for the label to receive an extra £1, the retail price has to go up by £2.80!"[/quote]



One of the most important things I just learned from this article is how much the British get SCREWED. I feel bad for you guys. Why I pay 7% tax on my purchases, I will never complain again. Ever!!! I promise! :crazy:[/quote]



Howie dude! Believe me you don’t wanna know the rest. I’ve actually considered relocating within the next couple of years because of the way the UK is now. Aside from VAT I could add a whole string of other percentages and deductions tax-wise to the above that would most likely take up the entire page. :smiley:

I dont think howies figures are not far off… a top 5 on beatport could earn you 2k+ per week so depending on how long it stays in the top 10 you could easily make 5-10k over a few weeks. getting there is the hard part.



the ministry annual compilation used to generate 30k per track 5 years ago… not sure what thats like now but its still good money.



a nation uk tv add could generate around 150k for a top track - thats where the moneys at.



I had a track used as background music on a day time tv program for a few weeks that earned me 8k



There money to be had… the prob is a lot of its luck and can be hard to sustain regular income. When i did music full time i struggled to have a sensible life… one month id have tons of cash (and blow it all) next month not a pound for beans and toast. I wasnt a good saver! :wink:



Other major problem was that even when i had a success the PRS/MCPS could take over a year to come through. although, i still get random prs money every year for stuff i did yonks ago… great wee summer/xmas bonus.

A few bits of advice:



Do a lot of research

Be prepared to spend a lot of cash(artwork/promotion/web design etc)

Make sure you have a lot of spare time to run it

Finally, good tracks are essential