My two centavos
steve.h said:
I've got my own thoughts on this matter. Personally, in the market/times we're in right now, I'm trying to play to the kids. Meaning, ~75% of 'em could give a shit about actually owning a CD (iTunes anybody?). Add on top of this the "myspace effect". You're starting out competing with millions of other bands whose material is just as easily accessible as yours.
Personally, I'm gonna give away high-quality versions of all of the songs on my band's next CD, as well as sell 'em on iTunes, as well as have CD's available. The first two options are pretty damn cheap, so why not do 'em? I've got a shitload of other bands out there trying to get the same people to listen to their music; I'm going to make it as easy and effortless as possible for kids to listen to my music as humanly possible.
Sell CD's at your shows!
Steveh here brings up a good point. I think you want to know your audience or, at least, what age demographic would find your music most appealing. I think it's safe to assume that the younger generations are more technical/computer/Internet saavy, so they would probably prefer to download music into their personal players, iPods, Mp3s etc, and listen to hundreds of songs nonstop rather than 10 to 20 and then have to change the CD. So if the younger generations are your audience, cater to them.
Giving away mp3s as a way to make yourself stand out in a crowded crowd of musicians is a good idea as long as you heavily promote your CD as well. However, I don't know if I would give the entire CD away for free as downloadables. Maybe just a select few tracks. If you selectively give away mp3's you could tell your audience something like, "these kickass songs here are just the tip of the iceberg, wait till you get a load of our CD!!!" Then again, the thing about giving away a select few free mp3's from your CD is that people might think, why would I want to buy the CD when I have the highlights in my mp3 player? The rest of the CD is just filler. People might assume that you used your best songs to hook them in and since they already have your best songs, why buy the rest of the CD?
At least, that's what I would think. I don't know. Does brand loyalty, or band loyalty, play a factor here if you are a new unheard of band?
If you are just starting out and you have no or little fan base, giving away mp3s could be a risky tactic. Elton John could give away his entire new CD as downloadable mp3s and he would still sell millions of CDs. Why? Because he's Elton John. There are people out there who would pay a lot of money just to watch Elton John sip tea. Why? Because he's Elton John. But if Elton John wasn't Elton John and just another myspace musician trying to sell his CDs I think he would be very selective as to which songs from his CD he gives away as mp3s. Perhaps, write an additional two or three songs that are not on the CD and give those away as free mp3s. Then tell your audience, "there's more where that came from!"
But then again, what do I know? I do New Age/Neo-classical/Ambient styled music so I thought that my target audience was a little older and more apt to buying CDs. Well, I seem to be selling more downloads than CDs. At this point, I don't think it would be fair to my fans who paid for downloads to start giving them away for free to somebody else.
Another thing to consider is, do you play gigs? I think most bands that play in front of an audience, sell the majority of their CDs at their live shows. I don't play live which, I think, is why I sell more downloads then CDs.
But then again, I could be right.