SMARTISTU'S MUSIC BUSINESS ACADEMY THE METHOD ACTION PLAN PILLAR 3 SUPERFANS BUILD YOUR ARTIST'S [SUPER]FANBASES MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 PILLAR 3 SUPERFANS BUILD YOUR ARTIST'S [SUPER]FANBASES In this pillar, you’re focusing on building audiences of raving fans, or, what we call “Superfans”, for each one of your artists. There are millions of little “secrets” and “tactics” and “hacks” for growth through marketing. And in the music industry, that will look different for each artist and their personal brand identities. But the overall artist marketing pillars generally remain the same no matter who you are. As a manager, you don’t need to be a marketing expert. You don’t need to know all the tactics. What do you absolutely need? You need to be an expert at knowing your artists. And you need to know the overall system for how artists are marketed. As well as how to facilitate the marketing process and oversee the experts doing the marketing. In this pillar we walk you through all of this and reveal the second part of The SmartistU Method: The 6 Pillars of Artist Marketing: RPMsss. Let’s go! MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 MILESTONE 1 Do you know the concept of SUPERFAN and the 6 Pillars of Artist Marketing RPMsss we use to attract these SUPERFANS? If your answer to this question is yes and you can check off all the boxes below, then you can move on to the next milestone. ACTION TASK 1. Review and Complete the SUPERFAN RPMsss section below SUPERFANS & RPMsss In the music industry, we have this term, called ‘superfans’. The term has increased in popularity in other industries including in the online thought-leader world, online coaching world, and content creator/influencer world. But us music industry people like to take credit, as music artists and entertainers/actors are the OG’s of having a “fanbase” and therefore “superfans”. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 Superfans are the fans that go out of their way to follow everything the artist does. They know everything the artist is up to. They know when an artist is going to release something before everyone else does. They know every single song on the album before a single is on the radio. They go to as many shows/concerts as possible. They purchase several merch items if not every single merch item the artist sells. They purchase the vinyl. They purchase the meet and greets. Your artist does not need millions of fans or millions of dollars to be successful. They need a few hundred or a few thousand SUPERFANS. The first goal here is to earn a comfortable living. Being a full-time artist (and full-time manager) and earning a comfortable living, is a success. Sure, you may want more than that, and dreaming big is important and valid, and attainable. But we must start somewhere and realize success is more feasible than, say, needing millions of fans. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 Kevin Kelly popularized the “1000 true fans” theory. In other words, your artist only needs 1000 superfans to spend on average $100 per year on your artist and their products, in order to earn $100,000 per year. Kelly says, “The number 1,000 is not absolute. The actual number has to be adjusted for each person. If you are able to only earn $50 per year per true fan, then you need 2,000. (Likewise, if you can sell $200 per year, you need only 500 true fans.) Or you may need only $75K per year to live on, so you adjust downward. Or if you are a duet, or have a partner, then you need to multiply by 2 to get 2,000 fans. For a team, you need to multiply further. But the good news is that the increase in the size of your true-fan base is geometric and linear in proportion to the size of the team; if you increase the team by 33% you only need to increase your fan base by 33%.” Additionally, for this math to work, you need to be earning this money directly from the fans. In other words, these numbers don’t add up if you’re signed to a label or a publisher and the money is filtered through them. This is not to say to not have a label or publisher. If you are signed to either or intend to, that’s great. The math will just be different. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 GET CREATIVE: Brainstorm with your artist(s). How and what can they create in the next year, that would allow them to earn a total of $100 from one person, in the next year? (Again, adjusting the math as needed). MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 GETTING IN FRONT OF THE SUPERFANS Ok so you understand Superfans and how much you need to earn from them, but how do you increase your [SUPER]Fanbase? You must get your artist in front of more people. More eyeballs. More ears. Via marketing and advertising. Here at SmartistU, we call this: THE 6 PILLARS OF ARTIST MARKETING RPMsss (pronounced RPMs) 1.RADIO 2.PLAYLISTS 3.MEDIA 4.SOCIAL MEDIA 5.SHOWS 6.SYNC These are the 6 main ways to get your artist's music and performances and brand and name… in front of more people. Every year, your game plan should include marketing strategies within all 6 of these areas. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 ARTIST MARKETING RPMsss RADIO Radio is still one of the single fastest ways to grow your fanbase. Is it more challenging to attain radio airplay, especially commercial airplay, than the rest? Yes. But it shouldn’t necessarily be wiped off the table. You can still come up with a college radio plan, and yes, you can even still come up with a commercial radio touring plan, without the songs being added to rotation. PLAYLISTS We all know how quickly getting added to a popular playlist can increase your artist's streams, and therefore potential new fans. Radio directors also look to playlist stats to help them make decisions on which songs to add. Your annual plans should absolutely include playlist pitching or obtaining a playlist promoter, to rank your artist up on Spotify, Apple Music, etc. MEDIA You’ll notice we have a media section and a social media section. MEDIA, in this case, means major media and traditional media such as TV and major publications including print publications or major blogs, and even podcasts. Your annual plans should include a traditional media plan. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 ARTIST MARKETING RPMsss SOCIAL MEDIA Simultaneously the “easiest” and hardest! We all know how easy it CAN be to reach mass audiences on social media, but we all know how challenging it can be at the same time. Whether it’s Instagram, TikTok, Facebook, or whatever else, you can’t just be throwing stuff at the wall. You need a plan. SHOWS These days, shows can also include digital/streamed shows. There are SO many ways to get paid to perform (even via Instagram and TikTok and YouTube) without being in person now. Nonetheless, the goal is to have an IN-PERSON performance and touring plan each year. Not just for fan building sake, and not just for revenue sake, but also so your artists can become better and better performers. SYNC Sync is generally the most intimidating when in reality it doesn’t need to be. Your annual plan should absolutely include a sync plan. Aka, finding music supervisors and getting your music placed in film scenes, TV show scenes, and advertisements. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 EXTRA RESOURCES MBA MEMBERSHIP DASHBOARD Watch and re-watch all our expert coaching classes for some inspiration and gold nuggets in each of the 6 RPM pillars. SMARTISTU.COM/COURSES/MEMBERSHIP --PROFESSIONAL MUSIC MANAGEMENT MODULE 07: GAIN FANS & MAKE MUSIC THEY LOVE Lecture 1: Gaining Fans Brief Lecture 2: Earning More with Less Fans Lecture 3: Creating Amazing Music & Merch Lecture 4: Direct-To-Fan Marketing 5: BONUS Coaching Class: Working with Songwriters, Producers, and Publishers to Make Better Music MODULE 08: MARKET & MONETIZE YOUR ARTISTS MUSIC WORLDWIDE Lecture 1: Booking Shows & Tours Intro Lecture 2: Getting Your Artist Started as A Performer Lecture 3: Booking A Tour Lecture 4: Negotiating Show Deals Lecture 5: Drafting a Tour Budget Lecture 6: Advancing Shows Lecture 7: Tour Planning Timeline Lecture 8: Getting Your Artists Songs on Streaming Playlists Lecture 9: Getting Your Artists Songs on The Radio Lecture 10: Getting Your Artists Songs in Film & TV Lecture 11: Getting Your Artists in Media & Blogs SMARTISTU.COM/PROFESSIONAL-MUSIC-MANAGEMENT MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 MILESTONE 2 Do you know what (all) your artists’ goals are in career and life and how they fit into your Artist Cycle for the next year to two years? If your answer to this question is yes, and you can produce the completed documents below, move to the next Milestone. At this point, you should already know your artist and their brand and their identity quite well. If you haven’t yet, go back to Pillar 2 (A&R) and complete the Artist Onboarding Checklist. This will help you collect some pertinent and necessary information before completing this Milestone. ACTION TASK 1. Review and Complete the following Artist Goals section for/with each of your artists ARTIST GOALS Just as you did in Pillar 1, have your artist complete the Abundant Hustler Goal Setting workbook. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 If they are not interested in goal setting in all the areas of life, at the absolute least, have them write down every goal they’d like to achieve in their lifetime with their career. And then try to ballpark when these could realistically be achieved. Anywhere from next month to 40 years from now. For inspiration, use the 6 RPMsss Pillars to come up with goals in each area. RADIO PLAYLISTS MEDIA SOCIAL MEDIA SHOWS SYNC For example, under SHOWS, this could include any agent signings, whom they’d like to go on tour with, how many shows they want to perform per year, what their dream stage set looks like. Etc. Have them dream big, write down what they want in their entire lifetime, and then narrow it down to what is feasible within the next two years. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 ACTION TASK 2. Review The Artist Cycle section Once you know where your artist is already at (onboarding), and you know their goals, and you have a better idea of what is feasible within the next 2 years-you can then plop these goals into your next “Artist Cycle” or “Album Release Cycle”. Yes, albums are still very much “a thing”. And yes, you should still plan your overall strategy around the standard release cycle. SOURCE: HYPEBOT MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 THE ARTIST CYCLE A part of being a manager (or an artist), is understanding the common artist cycle, or album release cycle. The average cycle takes about 18 months total to complete and includes the writing and recording process, followed by the pre-release marketing process, the album release marketing, followed by tour marketing. And repeat. And repeat. In the diagram on the previous page, they are portraying that instead of spending all your marketing and promotions budget on a shortspan campaign directly upon an album release and only focusing on communicating with your fans during the album marketing phase, you should in fact be doing so all year round, all the time. You might hear the term “omnipresence” becoming popularized lately. This means being top of mind all the time. You’re marketing yourself/your artist essentially every day or every week in every possible way. THIS is how you gain fans and therefore… SALES. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 ACTION TASK 3. Review and Complete YOUR Artist Cycle section Your Artist’s Cycle Look at where your artist(s) are at right now with recordings and plans already in place. Create a general timeline for the next 18 months, and where you think you should be each quarter. Or start the timeline whenever your artist is ready to start working on their next (or first) album/singles. & REMEMBER … GOALS & PLANS CHANGE AND THAT’S OK! A DONE-FOR-YOU SUGGESTED TIMELINE Q1 = Songs written and recorded Q2 = Registering songs, releasing singles, fan teasers, fan anticipation, photoshoots, shopping music to partners/team, paying for marketing and promotion services, artwork design, marketing planning for a Q3 release, start planning for Q4 tour Q3 = Radio tours, Digital Streaming Provider visits, media days, interviews, creative partnerships, creation of music videos, lyric videos, release more singles, planning for Q4 tour, Q1 (next year) tour, Q2 (next year) tour Q4 (this year) /Q1 (next year) = Support Slot Tour or CoHeadlining Tour Q2 (next year) = Headlining Tour MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 MILESTONE 3 Do you have (all) your artists’ most up-to-date one-sheet(s) or media kits ready for pitching? If yes, and you can check off all the action items, move on to the next milestone. NOTE: At this point, you also need access to your artist's calendars (Google or iCal or other) so that you can schedule things for them. If you haven’t yet, go back to the Artist Onboarding Checklist in Pillar 2 (A&R) and complete this step. ACTION TASK 1. Complete or update your artist’s Media Kit/One-sheet In the music industry, we usually call them onesheets, but they are also referred to as media kits or press kits. You can either have BOTH, or you can combine them into one. The media kits usually have more of the social stats type info. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 Usually, you’ll want these in the form of downloadable PDFs, but it’s also helpful to have them in the form of EPK’s, Electronic Press Kits. Aka, a password-protected page on your artist's website. You can either have a graphic designer make one (someone you know, or hire someone on Fiver), or you can search for templates on Canva or Creative Market. Here is an example of a One-Sheet (not including social stats) on the next page. Go back to your Onboarding Checklist and collect all NOTEWORTHY points about your artist(s) and include them in your Media Kits. Now that you have your timeline planned and you have your story, your marketing pitch points ready, you’re ready to ramp up the RPMsss even more… with a TEAM. MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 EXTRA RESOURCES MBA MEMBERSHIP DASHBOARD Watch and re-watch all our expert coaching classes for some inspiration and gold nuggets. SMARTISTU.COM/COURSES/MEMBERSHIP ⊹ PROFESSIONAL MUSIC MANAGEMENT MODULE 05: DEVELOP ARTIST CAREER STRATEGIES Lecture 1: Developing Career Strategies Brief Lecture 2: Getting on The Same Page as Your Artist Lecture 3: Establishing Communication Strategies Lecture 4: Doing Business for Your Artists Lecture 5: The Artist Album Cycle Lecture 6: Creating Career-Long Goals Lecture 7: Creating Goals for Your Artists Next Album Lecture 8: Drafting Your Artists Album & Touring Cycles Lecture 9: Developing A Marketing Plan & Budget Lecture 10: Developing A Project Timeline MODULE 07: GAIN FANS & MAKE MUSIC THEY LOVE Lecture 1: Gaining Fans Brief Lecture 2: Earning More with Less Fans Lecture 3: Creating Amazing Music & Merch Lecture 4: Direct-To-Fan Marketing Coaching Class: Working with Songwriters, Producers, and Publishers to Make Better Music SMARTISTU.COM/PROFESSIONAL-MUSIC-MANAGEMENT MUSIC BUSINESS ACADEMY COPYRIGHT © SMARTISTU INC. 2022 CONGRATULATIONS! Laying these organizational foundations and projections will help you and your artists stay on the same page and reach your mutual goals together. You’re on your way to creating successful artists with die-hard SUPERFANS through a solid Artist Marketing RPMs strategy. This is an ongoing process with every artist you sign and with every album or single they release. Congratulations on getting clearer and clearer on your artist's brand and goals, and your marketing strategy to multiply their fanbases. Take a moment to celebrate. Come to The Green Room and tell us about this latest accomplishment. Next up, the T from M.A.S.T.E.R.Y: TEAMS!