I worked for an agency...and yes, they
charge 15%
My thoughts:
1. I like it...I'd do it
2. When trying to get sponsorship, the main
questions I get asked is how much and what
does the sponsor get in return?
I think the sponsorship rate should be set
as low as possible - unless you have some
glowing traffic figures to fight your
corner! Start off low-cost...it can always
be increased. But to start too high, then
have to reduce, would give the impression of
failing audiences/site popularity. Remember
some site memberships on the web cost less
than $50 per annum. With our anti-RIAA
stance, you may find many companies/people
reluctant to do business with us. We need
incentives..so we need to make it low cost,
simple to do and straightforward to operate.
Traffic figures - Does DM have such a thing?
Do we have a demographic breakdown? Do we
know where most members come from, their
age, earning capacity, profile etc?
Advertisers/sponsors tend to ask these
questions. Also if trying to encourage
"local" sponsors I think you will get the
argument that there will be a lot of
"wastage" on an international site. I.e. how
many companies local to me (UK) would get
any benefit from being high profile on a
site based in the USA with primarily USA
members?
3. Don't forget the general image of the
artist and their page. Any trouble or
unpleasantness on their pages will alienate
sponsors...so we need to be sure that anyone
taking part is responsible in their outlook
towards business and commerce in
general...and good at presenting themselves
publicly - otherwise they will kill the idea
for themselves and the site.
4. Anyone taking part would need a certain
amount of guaranteed promotion via the DM
promotional areas around the site to
increase traffic to their pages - nobody
would sponsor a "dead" page.
5. Monthly would seem too short to bother
with...most people don't what something that
they have to constantly do administration
for. 3 months minimum would be better. 6
months or a year preferable and more
workable for all concerned.
6. Has DM ever considered product
endorsements on site? Let's face it...we all
use mobile phones, guitars, mixing
equipment, computers etc etc. Why not have a
more global advertisement/sponsorship
agreement here that DM that the site
administrators could control? This would
combine advertising slots around DM with
promotional opportunities for artists. All
DM would need is a pic of the various
artists with the product concerned and a
line which says "X recommends X product". We
then run these "promo slots/endorsements" in
conjunction with the advertisers' own site
advertisments. Helps the artists and adds
credibility to the product. Standard fixed
rate for a whole advertisement/product
endorsement package per quarter, 6 months or
a year. Possible?
And lastly my emphasis, as far as this
website is concerned, is for added promotion
and exposure to my target
audiences...profitability is not a major
consideration (just a bonus). Making money
with our music is something we should
concentrate on away from the site. Websites
are largely for promotional purposes and may
disappoint if anyone thinks they will get
rich from any agreements we have on site -
this should be made clear to anyone who
participates. The site has its own overheads
and will need to make money for itself.
