Q: How did you pay for your recordings?
A: I have to be very honest when I answer this question. Everyone's situation
is different when it comes to resources, and I had an advantage. I don't have
a sweat-and-tears answer to this question because I was fortunate enough to
have some money in the bank when I started my first CD, courtesy of my
parents and grandparents. Together they had saved money for me over the
course of my lifetime and I was given those savings when I turned 21. I used
some of that money to start my producton company. And as much as I am forever
grateful for their gifts, I have to tell you the down-side: I was neither
hungry nor desperate for anyone else's help. If I had been, I may have been
more driven to find some more traditional source of funding like from a
record company. However, I was in no way independently wealthy. I had
resources but they were not limitless, so I had to raise some money.
My strategy was to do what other businesses do: develop a business plan and
sell it to potential investors. I figured out how much it would cost to
record Silence is Broken (studio time, musician fees, printing, duplicating,
etc etc), and after I did that I sent a copy of the business plan along with
a demo cassette of 3 songs to EVERYONE I'd ever known (and I mean EVERYONE!
You just can't be shy!!) I described the project, my dreams for it and my
financial needs and asked each person to consider buying an hour of studio
time for me at $60/hour. To my great joy, people responded enthusiastically
and before a month was over I'd been given over $8000 - well on my way to the
$10,000 I'd anticipated that the recording would cost. (It ended up costing
around $14,000 - and before you lose any more oxygen over that fact, remember
that later on I will explain in detail WHY recordings cost so much....)
I highly recommend that you artists and musicians who are reading this try a
similar approach when you do your first major project. What I discovered was
that my friends and acquaintances were and are excited by my wanting to
follow my dreams. They were so in to it that they wrote a check to support
me! This is important to comprehend. Be sure to be very explicit, careful and
honest about your request and you too might be surprised by the response.
Confession, released in 1995, was different. I couldn't use the same
fund-raising approach twice, and the savings my parents had given me were all
but depleted, so I simply sold the CD in advance. When I was mid-way through
recording, when I knew that in fact I would finish it, I contacted everyone
again, and asked them to buy the CD and told them that they would receive it
three months later. This time my mailing list was bigger and made up of more
than family and friends, but because I was asking for a $15 purchase VS a $60
investment, my "take" was relatively lower - a bit more than $5000.
Confession cost a little less than Silence Is Broken: about $13,999! OUCH!
Now, here we are today and Grapes and Seeds is just being released as I type
this and a lot has changed. First of all, my savings are truly gone! Nothing
like having a baby and stopping work to empty out a bank account! Best
decision I ever made, but that's another subject.
My husband and I realized soon after my son was born that the only way to get
this CD done was to be able to record at least some of it at home while he
napped. We invested in enough equipment to make that possible and I was off
and running. You would think that recording at home would have made the cost
of Grapes and Seeds less than its predecessors, but NOOOOOOO! I digress.
First I must tell you how it is that I did pay for it. (Or should I say, "am
paying"?)
I did two things: I opened one of those credit card accounts that offers you
a 2.9% interest rate on your loan for six months, AND, I sold chocolate
Grapes and Seeds CDs in advance (at Christmas time to maximize my selling
opportunity. Crass, I know, but this is a business, remember!). This time I
told my ever-faithful mailing list that they would get the chocolate CDs
immediately, that the audio CDs would come later, but that I needed their
money NOW! I am still evaluating the success of this strategy. I think that
it was creative and fun, and I did recoup the cost of the chocolate, but I
think that most of the people who bought the chocolate would have bought the
CD without the candy carrot, so perhaps I wasted a little time with the
diversion. The chocolate generated about $3000 in sales. I did learn one very
important lesson: it is easier to design and manufacture chocolate CDs than
audio CDs, and they taste better too!
For those of you who are counting, Grapes and Seeds ended up costing nearly
$15,000 even with the home studio. YOW!
And for the rest of you who are counting different numbers, you’ll see that
my income from these selling strategies went down instead of up over the
years. I've had to ask myself why, and try to be honest with myself about the
reason for that trend. This is the trouble with being an independent artist:
you have to evaluate for yourself why some things are working and some are
not, and sometimes that can hurt. In fact, a lot of times that can hurt!
Because I feel confidident that my work is getting better and that my shows
are more successful than in previous years, my assessment is that people are
waiting to see me live, or are waiting 'til the CD's done this time, or that
they simply don't like chocolate!
Q: Why do CDs cost so much? I heard they only cost a dollar or so to duplicate??
A:
The simple answer is that CDs cost so much because they are expensive to
record. True, it doesn’t cost much to duplicate them, but there’s a lot more
to it.
For instance, each of my three CDs cost about $15,000 to record and
manufacture. Initially, I pressed 1000 copies of each. Easy math. Each
individual CD cost me $15 to make. Needless to say, when you buy a copy of
one of my records for $15, I do not make any money. I simply pay off some
more of my debt. It’s only after I sell 1000 copies that I begin to earn
anything. And believe me, it’s hard to sell 1000 copies without any support -
and most independent musicians do not have support. By ‘support’ I mean a
booking agent, a radio promoter and/or a distributor. By 'independent' I mean
someone who uses their own money and muscle to get their music out to their
listeners.
In the case of Silence is Broken which I released in 1992, I did not begin
seeing a profit until the winter of 1998. The same is true of confession
which I released in 1995. I am happy to say, though, that at this point,
every time I sell a copy of either of those CDs, I average about $10 profit
depending on where the CD is purchased. Grapes and Seeds, just released, is
still very much in the red, although I expect it to turn a profit sooner than
the two earlier CDs. But let's do a bit more math: let’s just say that I
would like to earn $40,000 a year - a good and reasonable salary - I’d have
to sell 4000 CDs per year over and above the intial 1000 CDs that I would
have to sell to recover my costs; not an easy thing to do.......unless of
course, someone like you buys another copy.........
But I digress......