Found an interesting article in today’s newspaper:
A new investment trend is turning up the volume for music fans. Bandstocks.com is a UK-based website where punters can invest in stocks to help bands showcased on the site raise enough cash to record their next album.
The article goes on to mention SellaBand.com, a similar site.
Here’s the SellaBand story as I understand it: ‘investors’ hear a musician/band that they like, buy “stocks” in them, and when enough people buy enough stocks ($50 000 worth!), the musician/band records their album. ‘Investors’ get a limited edition copy of the album, and a cut of the profits. I’ve signed up as a musician. I’m not sure if I’ll be hitting the 50 grand mark any time soon, but it can’t hurt to try, right?
I’m also interested in making money (aren’t we all) at this site, I realise that I’m not going to make a living out of it, but I’m sure one would get a kick out of investing in someone who ended up making you a profit. Kinda like gambling; you know you’re not going to make any money but it’s fun to just try and see if you do.
I’m still poking around the site to find out what it’s all about, but have already created a profile and uploaded three tracks. I put up “Faridabad”, “Fish On A Stick” and “Helmut”. Here it is: http://www.sellaband.com/maxiewawa/
Like I said, I’m still nosing around at this site; I think that if you’d like to invest you’ll need to sign up. Not sure if they take PayPal, but they probably do… everyone seems to at the moment, don’t they.
Hopefully I’ll get a bit of a clearer picture on what they’re all about soon, and will be able to make an earnest pitch to everyone to try and get some of your hard earned money.