Monetising Your Advocate Community – The Final Step of the Banders journey
It’s time to monetise your new community of advocates. First, lets recap this series on Advocates from the past few weeks:
We started by figuring out how to ask your fan community for support when promoting your music. Then we moved on to how we cultivate valuable advocates by involving fans in building your digital story and showed you just how valuable they can be in the long run. Finally, we illustrated how mobilising your advocates can supercharge your word-of-mouth reach and drive your organic growth.
Now, its time to talk about how to create a sustainable artist business by serving and monetising this new advocate segment that you can continuously building through Banders.If served effectively, this core segment could become 80% of your total revenue. The possibilities when it comes to how you service and monetise that segment are endless; anything from traditional ways of offering exclusive access and limited edition merch to developing new exciting products and services that makes your advocates spend real money. You will be surprised to learn just how many different revenue streams are available for artists!
The best way forward is dependent on your brand and what type of community you want to foster. The first step is figuring out what is exciting for your existing fans and advocates, and we are here to help get you started on that journey.
Follow this link to signup for more insight on how to establish sustainable success: bit.ly/BandersCommunity