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Are you a musician, music producer or artist looking to release your latest single? If so, congratulations! Releasing a song can be an incredibly exciting and fulfilling experience. But before the fun really kicks off, there's one important consideration that needs to be made: setting your marketing budget for the release. This might feel overwhelming--especially if it's your first time releasing music--but don't worry. In this blog post, we'll walk you through all the key steps of budgeting for a successful song launch so that you can come out with more fans than ever before! Let's get started…
A question we get asked often is “what is the proper amount of money to spend marketing my release?” The answer to this question is there is no “proper” amount. Each artist is different and their path to their goals is different.
There is however a rule of thumb within the industry for both small and large artists:
Match your marketing budget to your production budget
So if you spend $5,000 recording then a good place to start is to match that with your marketing efforts.
The theory behind this is that you have made an amazing work of art that you are proud of, wouldn't you want to spend the same amount getting people to hear it as you did creating it?
If you spent all that time and money making something incredible, then you have to put the same effort and resources to get it out into the world and make sure your fans hear it. On the flip side, if you didn't invest in your project, it's unlikely that a heavy marketing investment is going to help, as the product isn't there in the first place.
Now with that being said any amount invested is better than none, and more importantly if your actions and efforts aren’t measurable then don't spend the money.
The important part of marketing your release is to remember that there is no silver bullet, what works for one artist won't necessarily work for the next. You have to collect data to see what is working for your particular release. Then you can reflect and make adjustments for your next release.
So ensure that your budgeted marketing activites will allow you to measure the success of your campaign and allow you to make improvements for the follow up.
Budget a bit tight? Don't have enough set aside to match your production budget?
In that case, put in some sweat equity! Getting friends to play/favourite/share your song is still the best thing you can do. There is nothing wrong with calling in favors for your friends and family or local business owner to support your music in any way they can.
Ideally, your efforts should add up to the equivalent of your production budget if you were to hire someone else to do them for you.
Above all else, it is important for you to be proud of your release and promote it organically!
How can you expect them to support something you aren't extremely proud of? When someone takes a look at your social media pages they should be able to tell that you create and release music and if you have anything new out?
Make sure your messaging is consistent and clear. And above all pray to the algorithm gods that your music gets heard by the right people. Doing so will help your release go that much further
If you want your release to be successful, make sure to spend as much on marketing as you do on production. And don't forget - take measurable actions so you can tell what worked and adjust for the next time. You've got this!
If you need help planning and budgeting your release, hit us up - we love talking about music marketing!