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HOW THE FUCK DO I MAKE MONEY??! - Coggle Diagram
HOW THE FUCK DO I MAKE MONEY??!
Brand loyalty.
Creating trust between the consumer and supplier
Creating trust through positive experiences
Cost-Value= Purchasing Behaviours
If the Cost is larger than the
perceived
Value that a consumer gains from purchasing, they
will not purchase
Either Crate a high value or find a low cost
Give different price point options : Low, Medium, High. This way you can hit most target consumers
You must create Additional Value
Find what your audience values in their life
Connect it to your music and what you have to offer.
Don't just sell your fans products, give them an expereince
How do you design an experience?
User flows and dream scenarios where you imagine the audience with your product
Not through streaming
Find alternative Income streams
After a live show, add a virtual tip jar through pay pal
Merch
Shows (when they come back)
Personally made items
What other skills do you have >?
Make profit from that
Be freinds with your numbers
Keep track of your expenses and cost of running your music business
Dont be afraid of accounting
Wave: for invoices
Honey books" for free lancers
Make logical and appropriate purchasing decision
2nd Degree Thinking.