Fund Your Favorite Band and Make a Profit (Maybe)

|
Fund Your Favorite Band and Make a Profit (Maybe)
Image Credit: Holly / Flickr
Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
Advertisement

Imagine being able to profit share with your favorite bands when they release new music. So you get new music from a beloved artist and, if it does well, a little something back. It’s a win/win, right?

That’s the premise of a new startup called Loudfund. Based in Atlanta, Loudfund allows fans of under-the-radar kind of bands to have a direct financial stake in their favorite artists’ careers.

What’s the ROI on investing in music?

For as little as $100, you can get in the ground floor of a promising band’s career. “The terms of the campaign are decided by the artists themselves…[and] several of the artists on the startup’s “beta roster” have chosen to split profits 50/50,” according to The Atlanta Business Chronicle.

Loudfund essentially lets a band fund and distribute their music, thereby eliminating the need for a traditional record company.

My take? It’s likely you’ll lose all the money. But if band turns out to be a big hit, you’ll be happy they sold out because you get the money!

Make no mistake about it, this is high risk investing. Do it because you love music, not because you want to make a profit.

VIDEO: T-Mobile offering unlimited free music

Advertisement
Clark Howard About the author:
Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust. More about Clark
View More Articles
  • Show Comments Hide Comments