Anyone heard about Indiescover
or already joined it? I think it's still only in a pre-launch phase, but they seem to be already taking on artists.
I don't want to bad-mouth them before they're even up and running fully, but I don't really get the draw or attraction of this to an artist..not with the rates their charging. From what I read on their site, you get 10 free uploads and then it's £0.50 per track per month from there on..and even though they say you stand to make a lot from sale, past experience has shown this is not the case for most.
Basically, the artist has to pay, like I said, $0.50 per track per month.."excl 2.9% + £0.20 Stripe card processing surcharge"..whatever that comes to exactly..then the artist gets 90% from all sales.
They stream your music in MP3 or WAV formats and offer sales of the same to the listeners / fans, starting at £1.00, as well as offering a a feature similar to crowdfunding, where fans can pledge as little as £1 up to anything per month to the artist they follow.
It seems if you upload 10 tracks, then it's going to cost you at least £5.00 a month to keep those tracks up there, and even with sales, you're not really getting that much back. To be fair, my math might not be spot on here, as that bit about the extra charges is a little vague, but I take it a meaning the following..
Up load cost £0.50 and then £0.50 each month there after. On top of the initial upload cost you have a surcharge and card fee that rounds the total cost to you for an individual track upload up to £0.71.45 If you sell that track once, then after paying their 10%, you come out with £0.18.55..so you obviously need to be selling in order for this to be worth while.
It all sounds like a good idea, but maybe I'm, missing something, as the way I see it is if you don't make the sales, then you either have to delete tracks and that means you're out of pocket having already paid out to upload them in the first place..or you end up locked into paying £0.50 each month for each track uploaded..and that will eat into any profit you do make from future sales.
The service seems to work on the back of its own "chart" system, that is meant to "top" those artists that are most popular in the system..meaning the chart can't be rigged, but rather reflect what the members are listening to..
Anyway, I just thought I'd post about it here and see what the rest of you guys and girls think about it. Do you think it's worth it? Could you see yourself using this? What do you think?