Sellaband might just be the new approach to revenue generating needed in the ailing music industry, but for bands and their fans directly. It’s great to see technology shaking the proverbial tree in this industry.
How Sellaband.com works is that you check out a whole bunch of bands and choose that which you like. You then pay $10 to a band via sellaband, they take that $10, and once it’s totalled $50,000 (due to 4,999 other people liking them aswell) they record an album. If they go big, you share in any royalties.
Another cool thing about Sellaband is that they call that particular section of their users that invest in the bands Believers rather than the drab term users. Cool!
