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#1
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Hi all,
I have a question if you all wouldn't mind taking a second to answer - particularly those of you running MIDI / Demo / Backing track / other related businesses/hobbies. I've been considering starting a small business producing custom MIDI backing tracks (mainly as audio CDs for singers but also GS/GM MIDI files on floppy disc if/when required). I presently do some custom MIDI sequencing now & then as a hobby and everyone I've worked for has praised the quality of my work, saying I could go into business doing it by myself. What I'd like to know is what (if any) market research did you do before venturing into your MIDI business, considering there are numerous MIDI file - and now mp3 backing track - companies in existence today? And if you're not currently running a business/hobby in this field, what market research would you suggest doing? Any advice you can offer would be great. Regards, Chris |
#2
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Hi Chris,
First... good luck with the venture, this sort of thing can be a lot of fun! However, at least in my neck of the woods, it probably won't pay the bills, there is just too much really inexpensive competition. To be candid, I'm not sure how some of these places stay in business, except that by selling on the web they are able to sell the same backing track lots of times. Market research... I spoke with a number of open-mic night hosts and discovered that they were seeing more and more folks bringing their accompanyment on CD (we won't even go there!) I also talked to several other likely sources of clients, such as local music schools, dance schools, even the public schools. I was very fortunate because almost everyone I talked to was quite familiar with the marketplace, and could comment on cost and quality of what's out there, and how it was used. I also sampled some of the offerings on the web. What I learned: there is indeed a market for backing tracks based on popular songs current and classic. And that they better be pretty much dead-on copies. And that people were not willing to pay much for them. the quality from my sampling was all over the map, from "could have been the original master minus vocals" to "you have to be kidding!" Quality was not tied directly to price. OK, so I can't compete on cost, and quality doesn't seem to matter for a large part of the purchasing public... hmmmm.... I ended up taking a different approach, and I've only been experimenting with it for a couple of months, so it is way too early to determine anything other than I enjoy itG! First, I only do work where I can work directly with the artist. If you want to do this by mail order I'll happily point you to other services. Second, I will ocassionally try to clone a backing track, but I am much more interested in creating an interesting cover of the backing track. Third, it is a two part process, in addition to creating the backing track I record the artist against the backing track, so they leave with two tracks, one with and one without vocals. At least in my neighborhood this means I am working with kids from about seventh through maybe tenth grade preparing tracks for open mic nights, recitals, talent shows, etc. It's a niche marketG! But the kids I've worked with or will work with in the near future all share two important characteristics. First, they actually can sing... not to be overrated! And second, they are in this for the fun of it, at least for now, and while their parents may see dollar signs in the future, they aren't applying a lot of pressure now. (I guess I should add that the parents can afford the service, a third similarity.) And it has been a lot of fun for me... how many arrangements of X can you come up with? My first client actually had some interesting ideas about what she wanted to do with "Over the Rainbow", she was shooting for a cross between the original version and the Eva Cassidy cover. I'm glad I listened to her, it turned out well right up to the part where she needs to spend some time practicing cause she gets confused while singingG! I think it will turn out quite well when she gets it. I suspect you should also know that I fell into this little market quite by accident. A co-worker kept bragging about how well his daughter could sing. Eventually I ran out of excuses, and they came by the house. I had spent the previous evening rehearsing the "sorry, she's not all that good" speech, so I was nervous, but ready. Three notes into the first song I knew I wouldn't need the speech after all. So I did backing tracks for a couple of songs and then recorded her for a vanity CD her dad wanted to pass around. Later her dad asked for just the backing tracks for a talent show... no problem. Then he used the backing tracks for a local open mic night. And from that I got calls from three other parents looking for tracks for their little darlings. I'm not sure I could support my studio, let alone myself with this kind of work... but I have a good time doing it, and it makes for a nice change of pace. Kingy75 wrote: Hi all, I have a question if you all wouldn't mind taking a second to answer - particularly those of you running MIDI / Demo / Backing track / other related businesses/hobbies. I've been considering starting a small business producing custom MIDI backing tracks (mainly as audio CDs for singers but also GS/GM MIDI files on floppy disc if/when required). I presently do some custom MIDI sequencing now & then as a hobby and everyone I've worked for has praised the quality of my work, saying I could go into business doing it by myself. What I'd like to know is what (if any) market research did you do before venturing into your MIDI business, considering there are numerous MIDI file - and now mp3 backing track - companies in existence today? And if you're not currently running a business/hobby in this field, what market research would you suggest doing? Any advice you can offer would be great. Regards, Chris |
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