Buy Myspace.com in 2005 for $580 million dollars and sell it in 2011 for $35 million like Rupert Murdoch. That’s how you lose $545 million bucks.
Yeah I know, MySpace hasn’t been relevant since 2011, until today.
They just made international news because they lost over 50 million files from 14 million musicians when they migrated servers yesterday.
14 million fools are up in arms… why?
They were reliant on someone and something else for their success or lack thereof. It’s 2019 for God’s sake, if you’re banking on MySpace to drive your success you also probably sell 8-track tapes at your merch booth during live shows.
Musician or not, there’s a HUGE cautionary tale in this for you…
You’re poised to lose a lot of money if your brand is living in the past like MySpace and it’s users.
If you blame software, anything or anyone else for lost files, opportunities or lack of results you’re blaming the wrong person. Look in the mirror.
There’s an old saying in the Navy SEALs “One is none, two is one.”
Let me explain, if you’re in combat and your fire arm doesn’t work, you’d be wise to have a back-up on you.
Like a SEAL, you need to have a plan, have a back-up and be ready to execute either one at a moment’s notice.
It’s part of having a system.
Do you have a S.Y.S.T.E.M. for your daily processes like time management, marketing plans, expense reports and the like? Yep S.Y.S.T.E.M. is one of those fancy acronyms meaning:
Why are these musicians up in arms about MySpace losing their content? Because they’re better at the creative side of their operation than the business side. You know, BIZ-NESS… the side that actually makes and saves ya’ money.
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