The bigger the industry, the more powerful it’s smallest players. That saying is derived from John Naisbitt’s book, “Global Paradox,” and while it was meant to describe the global economy, it holds true for most industries as well – especially the music industry.
The music business is a huge multi-million dollar industry with hundreds of thousands of players. Big record companies can throw around huge amounts of money to make things happen for their artists, and as a result, super star acts seem to snowball out of control while smaller artists struggle to just get by. As an independent artist, its easy to feel trapped by your small size. You can feel like you can’t possibly get the same kind of success without the big marketing dollars and top-of-the-line production quality. That’s one way to look at it.
There is another way to see your situation. Instead of that depressing outlook, keep Naisbitt’s thoughts in mind. The bigger the industry, the more powerful it’s smallest players. This means that the most powerful player in the music industry is YOU – the indie musicians, indie labels, and music entrepreneurs. Power doesn’t have to mean money, influence, or even fame. Power can be the driving force behind the industry – the force that brings about new ideas, the force that paves the way for the future of the industry.
Big companies can’t be as creative with their business. When there’s that much money being thrown around, safety is key. They stick to the tried and true for the most part. If they try something new for the release of their top artist’s album and it flops, they will miss out on the millions of dollars in sales that keep their business running.
The small players, on the other hand, don’t have as much to lose. A musician just starting out can experiment with a new album release strategy or promotion campaign. A music entrepreneur can start a business around a completely new concept that the big players are afraid to experiment with.
More often than not, its the smaller players that come up with the new ideas that drive the music industry forward. After they have been proven, these ideas are adopted by the big companies and artists.
Don’t look at your size in comparison to this massive industry as an inhibitor. Instead, view it as a freedom. You don’t need to be afraid to experiment and try new things. YOU are the driving force behind the music industry.