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Post by Lucretia on Jan 16, 2007 20:13:41 GMT
I'm having a big clearout at the end of January. As far as I'm concerned that's the last chance for a grand total of SEVEN on my current list, one of whom has been on Sellaband since day one and who at one time had well over $1000 (I believe it was more like $2000 at one point), but hasn't bothered to do ANYTHING with his profile since uploading and has been losing money steadily for a long time now as a result. At least 3 of the others in those 7 have never thanked me or responded to any message I have sent.
A further 4 are "under threat" but as they have shown a few signs of life recently, will likely make it past the end Jan. deadline and be given one final chance.
As with the artist where I have removed parts previously, someone on my list of belief or someone in my watch list will gain for every part I take out of one of these lazy lot.
I think it's a real shame that I had to start the watch list in the first place because I was one of those prepared to be first to believe, but if I had invested in all the artists I have listed there as soon as I decided I liked their music, I would be looking at a much larger problem than the one I'm currently staring at.
I don't believe in keeping money in artists who are doing nothing when there are artists out there who are clearly fighting for every last part. It's doubly not fair on those artists who are working when I'm such a prominent believer anyway.
I will never shuffle my money around in artists for any reason other than this, and I'd like to think I give more than enough chance and warnings to those where I do take it out.
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Post by WalterM on Jan 16, 2007 20:55:00 GMT
I think sellaband should remove artists that are inactive for the period of a month and refund the money to the believers.
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Post by mystimayhem on Jan 16, 2007 21:30:32 GMT
I think you should give the artist 60 days. If they show no signs of life during that period, their account should be suspended along with the band's name, so they can't log in again as that name. But I think as a curteousy to artists, a person should tell an artist WHY he or she has moved parts. Because for me, I am very active, and I take the time to personally thank each and every single person that Believes in me, sends me mail or posts a comment. So I would like to know, from the Believer's standpoint, why they would remove their part, so if I made a mistake...and displeased them in some way, I could be aware of it and do better in the future. Otherwise... I am just lost and confused as to why the part was removed. And yes, the beauty of this site is that investors should be able to move their money around the artists like stock market gurus, but again, I would just like to know what I did to make that person not Believe.
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whaley
Somewhat Sellaband addicted
Posts: 265
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Post by whaley on Jan 16, 2007 22:02:20 GMT
I have taken away parts from Cubworld a few days before his big rush. Not because of him (I ended with 5 parts and also bought his demo cd from cdbaby) but because I felt my limited money was better spent on as many good artists as possible than on one who was at that time obviously going to make it anyway. Still it was a hard decision, and I sent him a message to explain my reason because I absolutely didn't want to make him think he had done anything wrong.
I have also taken 1 of the 2 parts I had in Danny Vera because he is not at all working on his Sellaband experience, only one time has he sent a 'sorry I'm busy' message.
I'm not sure if I want to completely retract myself from any artists. I kept some 'spare parts' ;-) this time for when I need them. I hope I will never need to use the refund (or whatever it's called) button.
I do invest in bands that quite frankly I don't expect to make it any time soon, but don't consider that wasted money because I really do like the music they make and want to at least give them the chance, and the publicity.
Feel free to respond, I'm still trying to find 'the right way' myself and find this discussion very interesting.
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Post by EmpireOfOne on Jan 16, 2007 22:40:01 GMT
I feel kind of the same way as whaley on this issue. I only had 5 points in cubworld because I wanted to use my funds to get some of my other favorites out of the dark depths and into the top few pages where they can get more viewers. There MAY come a time when I actually reduce parts in someone as they hit the top, but if their cd breaks even (which I hope they do) then I could just recycle those funds into more parts for the newer artists instead.
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Post by mystimayhem on Jan 16, 2007 22:48:51 GMT
As an artist... this concept is very odd to me... it seems as though Believers like to use their money as a way to get artists on the front page. From an artist's perspective, I would prefer people to invest in me because they want to put their money towards a good cause, towards someone that they know will use it. If I knew that my Believer's weren't REALLY investing in me... they were just trying to boost my ego by placing me on the charts... that doesn't really do me any good in the end when it actually comes to getting an album done... I don't care about the charts as much as I care about ACTUALLY hitting the 50k.
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Post by EmpireOfOne on Jan 16, 2007 23:03:01 GMT
Nobody hits 50k sitting on page 85. By making the charts and top pages a priority, your believer is saying, "I want everyone to see you and believe in you". That is MORE than an investment in you, it is a wholehearted endorsement and not an attempt to boost your ego.
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Post by mystimayhem on Jan 16, 2007 23:20:57 GMT
Is the goal on Sellaband to get on the front page? (Thanks for everyone's input)
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Post by EmpireOfOne on Jan 16, 2007 23:34:33 GMT
Mysti, sometimes you confuse me greatly. How do you get to 50k without going through the front page?
The object for every believer is to make sure their favorite artists get to 50k. As long as you get to 50k I'm happy. But as a believer I also have limited resources. I have to use those resources in the best way possible to make sure that ALL of my favorites hit 50k, not just 1 or 2 of them. One efficient way of doing that is to push your artists into the spotlight as fast as possible so that other believers will see them and join you in getting them to 50k.
Imagine you are a new believer...you show up with your cash, who do you believe in first? Well I just signed up, I don't know anyone, I'm going to listen to the artists on page 1. Oh I like 2nd person, let me buy a part. Next I go to page 2 and spend a few parts, Now page 3...oh got another one here!!
Now I'm out of parts!! I guess those people on page 4-158 will just have to wait until I save up some more money!!
So with that scenario in mind, if I'm a believer, I want my favorites in the top few pages. Because catching those new believers is the only way to hit 50k.
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Post by mystimayhem on Jan 16, 2007 23:38:07 GMT
Empire of ONE.--- IM ALWAYS confused!!! lol
If Believer's only care about getting their artist to the front page, and then taking their money out once they are up on the front page... then the Believer's focus isn't getting the artist to 50K- it's getting them exposure on the front page.
Which inadvertently makes this a competition.
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Post by EmpireOfOne on Jan 16, 2007 23:42:58 GMT
Ah...see your problem is to assume I'm taking my money out once they hit the front page...NOT TRUE!! I would only do it when they are almost to 50k, and probably not even then unless I had a prior arrangment with them.
That last week, cubworld was guaranteed to make it. At that point it is time to celebrate, and to turn my focus onto getting my NEXT artist up there and launched. I didn't actually take money out of him, but I took my new parts and put them into someone else...I could have helped with the final push to 50k, but once I knew he'd make it I was ok to let others have those last few parts.
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Post by mystimayhem on Jan 16, 2007 23:44:30 GMT
Actually, I wasn't referring to YOU specifically, Empire. I was addressing the Believers that ARE doing this, because it has been mentioned before on Sellaband that they do this.
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Post by mystimayhem on Jan 16, 2007 23:45:47 GMT
Ah...see your problem is to assume I'm taking my money out once they hit the front page...NOT TRUE!! I would only do it when they are almost to 50k. That last week, cubworld was guaranteed to make it. At that point it is time to celebrate, and to turn my focus onto getting my NEXT artist up there and launched. I didn't take money out of him, but I took my new parts and put them into someone else. Why wouldn't you want to keep your money in them all the way?
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Post by EmpireOfOne on Jan 16, 2007 23:51:59 GMT
If I had infinite money I would...absolutely!! But I don't have infinte money. I have only these few parts, and dozens of artists that I want to see hit 50k. I have to use what i have in the best way I can to make that happen.
Now if my artist in question (lets say Mysti Mayhem) is going to return me a LOT of money, then I'll keep all my parts and use that income to support my other musician friends :-)
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Post by EmpireOfOne on Jan 16, 2007 23:59:12 GMT
Remember that this model for investment is unproven. It works great at 1 part/believer for 5000 believers because everyone gets a cd for their $10. Nobody has seen this 'investment' work at 10,50,100 parts per believer. But without more believers it takes that kind of sizable investment in order for the artists to hit 50k.
Once we see Nemasea and Cubworld actually generating some real world income, I think you'll see a lot more large investments get placed and stay throughout the entire 50k. It is simple confidence in the process that needs to be gained.
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