SellaBand creates an awesome platform enabling fans to invest in their favorite bands and get a piece of the profits in return!!! Yes, the passionate fans become the bands investors, marketing crew (word of mouth), and profits are split between SellaBand, the band, and the fans!!! How cool!!!
So how does it work: fans find artist they like on SellaBand.com. For $10, they can buy a share, or ‘Part’. Once the band sells 5,000 parts, SellaBand arranges a professional recording in top studios. Fans receive a limited edition CD of the recording and splits profits from CD sales, Ads, etc. Basically, the more ‘Parts’ you purchase, the more shares in a band you own from the 5000 available.
This strategy is a step up from Threadless.com’s vote-to-make-real method by allowing anyone to become an investment fan “brand sneezer” in a band they love and believe in! Otherwise, it’s just like the stock market for music fanatics. I’ve been through a few musicians tunes and found some really interesting sounds. Check out the site, listen to some musicians, and invest in the ones ya crave!
Here’s another interesting angle to music by the users!