Usually when we think of a philanthropist, we imagine someone who ships money or supplies off to a far away nation. But Rand Rognlien is a different kind of philanthropist. After creating and selling a successful business,
The result?
MusicNomad.com—a virtual treasure chest of information and resources for Indie artists. Its tag line, "Where Musicians Go to Find a Home," says it all.
When I asked
My response, “What?”
His answer, “The main reason this site came about is not to make money and sell out. I want to help musicians. That’s the bottom line. I played in bands from the time I was 15 until I was 25. Then I had to get a ‘real job.’ I ended up creating a company that made cleaning products for cars and it did very well. I sold it and along the line, also got my MBA. Don’t get me wrong,”
“Most musicians don’t have a head for business,”
“After we find good companies for CDs, T-shirts, you name it, we test them out. If they work well, we go back and see if we can negotiate better deals for our members. And often we can,” he tells me. “Basically, we’re doing collective bargaining for artists. It’s like an insurance group for purchases.”
“So you’re like a Lending Tree, but for band resources?” I ask him.
“Yeah, but that’s only part of it,” he replies. “Here’s another reason why artists should come to our site and sign up. It’s free,” he laughs. “But beyond that and the discounts we can sometimes negotiate,” he goes on. “We’re like a virtual band manager without the fees. Even band managers and Indie labels come to us because of the huge compendium of resources we provide.”
If you check out Music Nomad (and I can’t imagine why you wouldn’t), you’ll also find he provides email updates on festivals and their submission dates, new features on the site, and general industry updates. It’s like having someone scour all of the news and information and deliver only what’s relevant for you.
When I ask him about the state of the music business,
As I examine
“Services are evolving like CD Baby, Reverb Nation, Sonic Biz and Music Nomad that help artists do all of that more easily. But let’s get real,”
“This new music business will require a new level of business sophistication,”
“That true, even if a band does have a manager,” I add.
“Exactly,” he agrees. “Bands need to learn to create a plan, set goals, create roles within the band where everyone takes ownership of part of the process and has a job description,” he says almost laughing at the notion. “Seriously, if that’s what it takes to be successful, why not?’
He then tells me of his recent experience at the Fruit Bats concert. “As soon as the show was over, the band had merch tables set up right at the front of the state and they sat there meeting fans, signing albums. They get out there and shake hands with their people. They use Facebook, Twitter and all of the tools to their optimum. And what we try to do is provide artists with best practices of what’s working. We look for examples of band who are selling a 1000 songs a week on iTunes and invite them to share their process, to provide a guide for others.”
When I ask him what would be his advice to bands, he pauses for a moment. “Really approach your band as a business and realize that music is just one component of that business. In that business you fans are your customers and you have to figure out what they really want and are willing to pay for. Become a student of the business,” he says.
“Write a plan that everyone’s aligned with in your band,”
“Look,”
It’s a great question that Rand Rognlien is answering every single day as he continues to update, develop, and evolve MusicNomad.com.
Want to follow MusicNomad on Twitter and get some great tips each day? You'll find them at: http://twitter.com/Music_Nomad
If you enjoyed this article, here are three more you might like “20 questions every band should answer,” “What you need to know about do it yourself music: part 1?” and “Before you record your music: part 1.”