Back in the early 90’s, I gave up the pencil-rewind cassette playing Walkman and purchased its successor – the Sony Discman. Dang, that thing was cool. All I needed was something to actually listen to. I had heard about the amazing 12 CDs for $0.01 (or was it $1?) mail-order offer from BMG Music, from a friend who had taken advantage of this jaw-dropping deal previously. Twelve weeks later, I had Stone Temple Pilots (Core), Dr. Dre (The Chronic), Meatloaf (Bat Out of Hell II), and <gulp> The Bodyguard soundtrack in my mailbox. My musical tastes were… eclectic, to say the least.
Over the next decade, I proudly grew my musical catalog to over 100 CDs. Then college and a T3 ethernet connection, paired with Napster, entered in to my life. I “sampled” a few songs. Discovering new and re-discovering old songs individually at the click of a button, without having to run out to the store and buy entire albums, was fabulous. However, the catalog was hit or miss, littered with junk and viruses, and the audio quality if you were lucky enough to find the song you were looking for, was absolutely horrendous. The music industry quickly squashed Napster over copyright concerns, but times were a changin’.
Pandora also started becoming popular, but your ability to select and stream your favorites was pretty limited. Still, a great tool for music discovery. iTunes exploded in popularity, but the music was drm-protected and you were limited to the confining Apple ecosystem.
A few years and another 100 CDs later (at this point, I am up to about $3,000 in CD expenses), digital music started to turn the corner. Amazon and WalMart led the push in to drm-free mp3 downloads. There was cost involved, but the audio quality was indistinguishable from CD’s. It was a great way to cut the costs of owning music in that you could just purchase your favorites versus album filler material.
Years later, Grooveshark, LaLa (before Apple bought and killed it), and Spotify came along, and the rest was history. As long as you had an internet connection and could stomach a few ads, you could build playlists from millions of your favorite songs and listen to them for free.
That brings us to today.
As music consumers, we have more choices than ever, but we are clearly still at a point where you do not have 100% “on-demand” control of what you listen to (uninterrupted), without purchasing the music or paying a subscription fee. If you are like most people and your preferred device to listen to music is via a mobile device, this can be particularly inhibiting. There are premium on-demand subscription services that will allow you to select from and play all of your favorites, high quality, ad-free, and device agnostic:
- Spotify Premium: $9.99/month
- YouTube Music Premium: $9.99/month
- Pandora Premium: $9.99/month
- Amazon Music Unlimited: $9.99/month
- Apple Music: $10.99/month
Notice a trend in pricing? An industry standard has clearly been set. And it isn’t exactly cheap.
If you mostly want to listen to your favorite songs and playlists and have already spent hundreds or thousands of dollars building a catalog of them, adopting this new membership model can be horribly inefficient from a pricing standpoint.
So here’s what I have done:
1. Consolidate: I’ve ripped and uploaded all of my CD library plus individual mp3 downloads (mostly from Amazon digital) to YouTube Music. The audio quality is outstanding at 320kbps, and you can store up to 100,000 songs, for free. Once your catalog has been uploaded, you can download or stream the songs of your choice to any Android device or play them on a web browser.
2. Discovery: I use Spotify and Pandora (mostly Spotify) to discover new music and re-discover old music that I love and had forgotten about, using their radio features and Spotify’s browsing capabilities. I don’t care if I run in to an ad here or there, so I use the free versions.
3. Purchase: For great songs – you know, the ones that you skip others to get to in your playlist – I purchase. Since I’ve already built up a catalog of favorites, over the years, I already had most of them. When I started this strategy two years ago, I spent about $100 to beef up my collection. And this past year, it dropped to around $20. Maybe this is a sign of me getting old and cranky, but truly great new songs are seemingly far and few these days. If I like a new song that I’ve discovered, I’ll add it to my Spotify playlist. If that song stands the test of time, I’ll purchase the mp3 from Amazon (usually $0.99) and add it to my YouTube Music account.
For the old stuff I want to purchase, I’ve done it in one of two ways:
- if it’s an artist that has a deep catalog I love, I’ll purchase a greatest hits album, used, on EBay or Amazon for $1-5. This gets me 10-15 songs for just $0.10 – $0.20 a piece. Much cheaper than buying individual mp3’s
- if it’s a 1-3 hit wonder, I’ll just purchase those songs individually on Amazon
Here’s what it comes down to:
- my back catalog of favorites, I already own.
- my forward catalog of true favorites numbers far less than 120 per year (equivalent to a $120 annual subscription to one of the premium music services)
Every year, I’m saving money.
There are additional bonuses to this strategy as well:
- I own all of my music and nobody can take it away from me. The premium subscription services do not have 100% coverage and content partnerships come and go. I am not a prisoner to business dealings.
- I am immune to further price increases. $9.99 is the starting point, but what will each of these services cost 10, 20, 50 years from now? Buying and owning the music now protects me from certain price increases. It’s an inflation hedge!
- There is rapid consolidation within this industry. If I own the music files, yeah, I’ll be a little bummed if a service is bought out or otherwise shuts down, but at least I won’t have to re-build my library from scratch.
The one downside to my strategy is that I don’t get to discover new music, while on the go, unless I flip on a radio (yes, radio stations do still exist). But I can live with that, particularly since I sit at a desk all day, giving me plenty of time to discover.
I can also see generations now growing up with 100% digital streaming and no CD catalog. For these folks, it might actually make a lot of sense to just dish out the cash for a premium service. However, the economics could still work out for mp3 acquisition, with some planning.
<side-story tangent> A few months ago, I’m waiting at the bus stop when a young guy, probably about 19 years old, walks up and stands next to me. He then proceeds to pull out what looked like a brand new Sony Walkman, pop in a fresh pair of AA batteries and look it over in amazement while pressing the various forward, rewind, and play buttons. From there, he pulls out a 1980’s Lee Iacocca book on tape, STILL IN THE WRAPPER, opens it up, and pops it in to the Walkman. The whole time, I’m mesmerized. My first thought was, “Is this a dream, and in it, I’ve overlaid the year 1984 on to my commute?”. My second thought was, “Am I in a prank show?”. My third thought was, “Is it actually possible that hipsters now look at Walkman and cassette tapes as hip?”. To this day, I still have no answer. Kids, do yourself a favor and never EVER touch a cassette player. You are not missing anything.
Anyhow, I thought I’d share how I have kept my music listening costs down and how others think about this and the strategies used. Would love to hear the cheapest way you have found to listen to your favorite music, uninterrupted. Fill those comments up!
I discovered today Amazon Prime has free music streaming, I am in the first month free trial and am listening to it at work. They have preset playlists grouped by genre or you listen to their mp3 albums. Membership is $99 per year.
Ha! I’m pretty sure my first BMG order was the exact same as yours.
Didn’t they use little stickers or stamps? I remember those being pretty annoying.
This reminds me though that I need to do a major clean up of my music collection.
Yeah, the stickers sounds familiar. Looks like those guys exist, albeit in a different format: http://www.bmg.com/
I remember their “deals” got progressively worse over the years… then the internet happened.
Let the kids try out a tape player. They can learn the joy that we used to have at slowly pulling a tape out of the workings when a roller sucks the tape into the machine. Or the thrill of using a cassette where the glue has become unstuck and the case is in two parts with rollers and tape wanting to escape (Almost as much fun as 8-track rebuilding).
It’s kind of like, “I used to walk 10 miles through a foot of snow to get to school.”
These kids are soft!
If you like a song on youtube you can use this site to convert the video to an mp3 or other formats:
I am a garage sale junkie and find many CD’s with “classic rock” (Clapton, Stones, Beatles, Fleetwood Mac, Led Zep, etc.) for 50 cents to a dollar, each. I have never bought one that did not play correctly. (I did buy a “club CD”, (self made), and in a Rod Stewart jewel case-always open to verify!)
I can only guess that all of these rockers have downloaded their music and sold off their CD’s for cash. What a deal! Less than 5 cents a song! I even buy duplicates to trade in at CD stores!
I also like spotify, but have a multi-CD changer in the car for long trips.
Keep up the good work!
I have found the best way to find free music is the local library. I am able to checkout the CD, import it into my iTunes, and return it to the library the next day. Most libraries have a catalog which you can search for your favorite artists and request their CD’s be sent to your home branch.
Leaving out the “uninterrupted” part, I’m still going w/ the radio. I then use a converter to get the audio song off of a YouTube video.
I thought importing CD’s to iTunes is great until I “lost” them all “because they were stored on my computer” (iTunes help said), and, though they still appeared on my iTunes list, were not playable anymore after I was assisted in “wiping” my computer by Mac Help because of app glitches. I hope the music was saved on the external hard drive I backed it up to before wiping, but I don’t think I’ll still be able to play them on iTunes. Any advice?
Great article. I think we who grew up with the LPs-Cassettes-CDs-mp3 and so on…. have been evolving in our music accessibility pretty much the way you describe it. I’m in the middle of passing my CD and mp3 collection to iTunes, still undecided on what streaming service to go with. Your article is very helpful. Cheers
Learned a lot today. Thank you
I used to use Amazon to buy the individual songs for 0.99. Now, I use spotify free and once in a while spotify will offer you special pricing for coming back like 9.99 for 3 months. I use Pandora Plus for $5.00 and if you watch an ad you get a few on demand songs. And of course, I use youtube!