So, yes I’ve been inspired to launch yet another project. It never gets old, right??
Dan Norris, CEO of WPCurve.com and entrepreneur/author wrote a book called “The 7 Day Startup: You Don’t Learn Until You Launch”. In this best-seller, Dan talks about the many businesses he started and the lessons learned along the way. The culmination of his journey is a blueprint for starting a business in 7 days. Now, I’ve started several businesses and 7-days seems ridiculous. However, after reading through the book and understanding his approach, it makes a ton of sense. Especially, for businesses that are internet-based where you can get a ton a feedback in a short amount of time.
So, I’ve been thinking about this new project for some time and after talking to a few people in his Facebook group, I’m launching this new idea.
What’s the idea? Since that is the purpose behind “Day One” in Dan’s blueprint.
My ideas is this: stock music membership site
What is “stock music?” It’s the background music you hear in many different mediums when something is playing in the foreground. For example; TV Commercials, intro music for podcasts, music behind product videos, etc.
The producers of these works usually have a musical connection somewhere. They either have a roster of music producers who they can tap for custom music. Or, they search online marketplaces, such as audiojungle. Or they hire a musician and co-produce a customer piece of music.
Well I happen to have hundreds of recorded works that fit into this category. Some of the recordings will be used for actual songs that I will put on a future album, but those are the “special” ones. 90% of the songs ideas are snippets. So, why not offer these as stock music? Seems like a viable idea and it’s exciting to considering putting these pieces of music out there.
There are several unknowns at this point:
- will I be able to generate enough traffic to the site to sell anything
- how much time is required to finish these recorded works to be usable
- should I offer them with Creative Commons License or standard copyright?
- how should I price the membership? annual or monthly? lifetime?
- should I sell tracks individually?
I will be answering these questions and many more over the next 7 days!
Here are my notes from going through the “nine elements” exercise: