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Author Topic: Thinking of starting Bitcoin based Music Store! Ideas needed!  (Read 2559 times)
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November 18, 2015, 12:25:37 PM
 #1

As we have iTunes/Beat-port where we usually purchase music I was thinking to start a bitcoin accepting music store where all the music could be purchased using cryptocurrencies. The.The structure of the store will be same as Itunes or beat-port but you'll have  your wallet linked with the music store which could be used to buy music.Any sort of ideas/suggestions appreciated !


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November 18, 2015, 12:33:17 PM
 #2

I like the idea, But don't you need like a license to the record label to sell their music? 

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November 18, 2015, 12:55:08 PM
 #3

I think this is a fantastic idea but i fear you will not be able to get anywhere with it due to licensing and so on.

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November 18, 2015, 02:40:29 PM
 #4

I would love for this to happen and fully support you ... You could make this for the bitcoin community so anyone whose singer among us, would make a contract with you and you be the publisher and seller on your website ... I will certainly unleash my voice talent when it's launched Wink

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November 18, 2015, 04:59:48 PM
 #5

I would start with local or small bands that have any decent following 100+ and offer them higher %'s than itunes and so on for music bought through your store. Not only would it promote their band to a new demographic it would also give you a chance to make some decent profits if a certain group does happen to end up doing well.



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November 18, 2015, 05:03:33 PM
 #6

Thanks a lot for all your feedback! Lets do this!


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November 18, 2015, 05:32:39 PM
 #7

I think this is a great idea, if you want to put the time into it.  First you need to contact the record labels and explain to them what you are building.  Work out a good arrangement with them, but only plan on profiting about 10%-15% on your sales at first, for you need to offer a great discount in order to be able to pull in the customers.  Next, do not try to get the newest music titles, unless you want to pay big, 2%-5% profit.  This is a tough business, but if done right, there is potential.



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November 18, 2015, 09:58:31 PM
 #8

I would start with local or small bands that have any decent following 100+ and offer them higher %'s than itunes and so on for music bought through your store. Not only would it promote their band to a new demographic it would also give you a chance to make some decent profits if a certain group does happen to end up doing well.

very good idea and what suggestion you can is very good , first try with your local bands and promote them like this you will create bitcoin awareness through them , because music industry is very big if we start this it will boost the promotion of bitcoin community. like this you can also give opportunity to the new music band which wanted to show their talent.

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November 18, 2015, 11:14:11 PM
 #9

As we have iTunes/Beat-port where we usually purchase music I was thinking to start a bitcoin accepting music store where all the music could be purchased using cryptocurrencies. The.The structure of the store will be same as Itunes or beat-port but you'll have  your wallet linked with the music store which could be used to buy music.Any sort of ideas/suggestions appreciated !

Is your idea becoming a retailer or do you want to sell the stuff legitimate by buying the rights of the music and sell it?
There is a huge difference in both things. The first is quite easy, the second needs a big initial investment.

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November 18, 2015, 11:16:23 PM
 #10

Cool idea OP but dont expect alot of sales, not allot of people will be using crypto to listen to music
Also, what do you mean when you say you will link the wallet?
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November 18, 2015, 11:53:41 PM
 #11

As we have iTunes/Beat-port where we usually purchase music I was thinking to start a bitcoin accepting music store where all the music could be purchased using cryptocurrencies. The.The structure of the store will be same as Itunes or beat-port but you'll have  your wallet linked with the music store which could be used to buy music.Any sort of ideas/suggestions appreciated !

Have you checked out BitTunes?
They do the exact same thing and have supporters
of musicians and such..

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November 21, 2015, 01:14:02 PM
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Like stated before, your major problem will be licensing. To bypass it, here's my solution : I think you shouldn't try to have your own music selling site. What would be better would be to resell iTunes music. Let's explain myself : I think it would be better if customers could pay you with bitcoins and then you'll buy their music in iTunes with fiat money, and then you would send them, but it's not really professional Undecided. If you don't like this idea, you could still sell indie music, since those artists will let you sell their music with a simple text contract.

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November 21, 2015, 08:45:13 PM
 #13

Like stated before, your major problem will be licensing. To bypass it, here's my solution : I think you shouldn't try to have your own music selling site. What would be better would be to resell iTunes music. Let's explain myself : I think it would be better if customers could pay you with bitcoins and then you'll buy their music in iTunes with fiat money, and then you would send them, but it's not really professional Undecided. If you don't like this idea, you could still sell indie music, since those artists will let you sell their music with a simple text contract.

There are plenty of sites where artist can sell their music etc. Perhaps you can team up with with one of the altcoins that focus on music; audiocoin, songcoin etc.

They have a userbase already and your website will getunique content from them.
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November 21, 2015, 09:57:20 PM
 #14

I work for Songcoin,project for Indie music artists.Licencing is huge issue,indie artist are the best.Problem isthat thay know nothing about crypto and there is hard to bring them.But idea is very nice,i will opost your thread to Dave Songcoin founder and lets see
Regards
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erickimani
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November 21, 2015, 11:58:54 PM
 #15

you will have to undergo a very long process of meeting legal requirements but it is a very good idea. By that people will be able to use their bitcoins and also the musicians will be more than happy to give you the deal. take it to the next level
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November 21, 2015, 11:59:38 PM
 #16

I work for Songcoin,project for Indie music artists.Licencing is huge issue,indie artist are the best.Problem isthat thay know nothing about crypto and there is hard to bring them.But idea is very nice,i will opost your thread to Dave Songcoin founder and lets see
Regards
P

Yeah it would be great if you work together. If something comes out, let me know, maybe i can help with the project.

I think it has a lot of potential. Just look what spotify did.

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November 22, 2015, 12:19:32 AM
 #17

I work for Songcoin,project for Indie music artists.Licencing is huge issue,indie artist are the best.Problem isthat thay know nothing about crypto and there is hard to bring them.But idea is very nice,i will opost your thread to Dave Songcoin founder and lets see
Regards
P

Yeah it would be great if you work together. If something comes out, let me know, maybe i can help with the project.

I think it has a lot of potential. Just look what spotify did.

Come to Songcoin thread.Soon will be ready beta  test for some unigue way promotion for niche digital currencys
Dave is colaborating  with  Spotify resident who is intersted in use blochain technology to disrupt music industry

I have posted that hread on  Songcoin thread.Sure Dave can give lot of precious advices and can be interested in further collaboration


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November 22, 2015, 09:31:58 AM
 #18

That is actually a great idea, everyone loves music Grin
The only problem i can see from this is that you might have is you need to battle with the music license to have an agreement to put the music inside the store
Which is not an easy job to do, they are kinda hard to bargain with Roll Eyes
But, if you did make the music store i will definitely try it Smiley

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November 22, 2015, 12:31:31 PM
 #19

How about streaming service for music playback and the possibility of donations musicians (and part of the money goes to support the service)?

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November 22, 2015, 06:27:12 PM
 #20

As we have iTunes/Beat-port where we usually purchase music I was thinking to start a bitcoin accepting music store where all the music could be purchased using cryptocurrencies. The.The structure of the store will be same as Itunes or beat-port but you'll have  your wallet linked with the music store which could be used to buy music.Any sort of ideas/suggestions appreciated !

AFAIK bitTunes is have a same features. but not really crowded.
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