Thinking of starting Bitcoin based Music Store! Ideas needed!

[The Sceptical Chymist]

Great idea, and I'd totally support it, though I think as people mentioned here you'd have trouble with the licenses.  How about really small, local bands that aren't on labels or are on small labels?

If you could find me Bouffant Jellyfish's Little Red Riboflavin, I'd pay $3 in bitcoin just for that one song.  It's from the 90's and is so hard to find. 

Good luck with the project if you decide to launch something.

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[dynoman]

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 !

Thanks, this is a good concept.

Not to take anything away from your idea perhaps following on from Pabs thought's that Songcoin would be a good fit for your business. I could back up some Beta testing with a body of coins to get you started rather than worry about throwing expensive Bitcoins around.  Let me know if you're interested.

Cheers

DP - Songcoin Dev

 

[Patatas]

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.

Already in talks with few artists and record labels .Have spoke to most of them and they seem to be quite interested .They said however we want strict security against illegal downloads and privacy .Some of them even accepted bitcoins as method as payments for their artists !

[AndySt]

I think that the orientation of only one kind of payment for musical composition is not the best option. Also it all depends what kind of musicians you can agree on cooperation because many of the services on this lost and ruined.

[Pollak]

I think that the orientation of only one kind of payment for musical composition is not the best option. Also it all depends what kind of musicians you can agree on cooperation because many of the services on this lost and ruined.

Try to go with a broad orientation of genres. Diversify your content with more and unique  artists.

[Pab]

 Hi i met some people on tweeter,thay are making great thing, indie music artist,there are good chance that thay will partnership with songcoin,thay have some money and thay are crazy good marketers
sending you pm