Once in a while you come across a catch that you just don’t want to let go off. You’ve seen it before, and you know what it is, but because what your seeing is so different to the rest of what’s out there that you can’t bring yourself to not liking it. Cut Records has one of those catches, and the catch is this – it’s a free music record label.
Right now, there is so much free music available online – more than you can poke your proverbial stick at. So doing something different definitely helps you to stand out. What Cut is doing is pretty smart – get a quality product (music) catalogue together, make sure that the sound of each individual release matches the overall label’s feel (brand), wrap-it-up in a nice stylistic package, and then make it available for the consumer to digest. But with expectations of the product being free, can one still gain a reward? I believe you can. Radiohead did. Now I know that they had a bit of a head-start because of their name, but what In Rainbows did show us was that people were (and still are) willing to pay for music, even when it’s out there for free. And as years went by, I realised that the idea of having music on a physical medium is not dead – it actually seems to be gaining feet. I’ve noticed that the latest trend in the indie/underground music industry is to release both digital and vinyl versions of each release, with some labels going as far as giving the mp3 away for free with every vinyl purchase. This strategy is catching on, as more and more consumers are willing to fork-out the extra dosh for the vinyl simply because of what the vinyl does. Someone said that people buy cars not so much for the ride, but for the perception that the car will create in peoples minds about the driver – a classic product personality association. The same is happening with vinyl – it’s the medium of choice for anyone that wants to be perceived as a music lover. Digital music is worthless; it’s just data that is sitting on a hard-drive. It can disappear as quickly as it came. A physical release on the other hand is something that is a bit more tangible – you can show it off to people, you can create a physical (turning into emotional) bond with it, and achieve pride in owning it. The fact that most of today’s vinyl comes in limited pressing ads to the aura of the product being “special”.
With this hunger for the physical growing, Cut could very well move into the physical/vinyl product sphere. Their product is great, generating very positive press. The free pricing model is certainly affordable (the “Pay with a Tweet” option is fantastic – let the consumer spread the word about the label/product to their friends), and the overall presentation/packaging of the product/brand is well executed. As more fans jump on the label’s bandwagon, offering limited edition paid vinyl/CD or other physical medium versions of the free digital music could be a profitable proposition. In the meantime though, let the music keep on coming.
Cut is definitely onto something here.