Make Money Online Investing in Artists on Slice the Pie

Slice the Pie is a new website that allows anyone to scout new music artists and invest in their career.  This website gives new and established artists the ability to raise money directly from music fans and investors.  As an investor in a musician or band you are basically acting as the A & R person and it is your job to scout the best talent and find the best artists possible to help finance. 

Not only can you reap a decent share of the financial returns, should an artist’s career take off you can also get exclusive artist access, a copy of the completed album and even your name on the album sleeve.  There’s also a music trading exchange where investors can trade in and out of various artists.  (This exchange is for non-US residents only)  

As of now there is only a handful of artists to consider, but if this idea takes off, Slice the Pie could become a global marketplace where many musicians get their start.  If you check out the “fully financed artists” section you will see that 27 acts have already been fully funded.  Some of these acts have garnered a large sum of money to launch their career.  It will be interesting to see what percentage of Slice the Pie artists actually succeed and make a profit for their investors.  If you don’t want to invest in an artist, you can get paid to review artists as well.  The input received from music fans is obviously a valuable entity and Slice the Pie rewards you for this input!

 You can visit Slice the Pie’s website here:  Slice the Pie

Let us know what you think about this review of Slice the Pie, if you have compliments, complaints, comments or you think it is a scam – let us know by commenting below…

Best regards, 

Michael-John Wolfe 

Tags: make money online, residual income, royalties

5 Comments to “Make Money Online Investing in Artists on Slice the Pie”

  1. Murlu 19 June 2010 at 6:52 pm #

    This is really cool because I’m all for supporting new artists.

    Whenever possible I try to catch indie bands and DJs out at the parties because everyone needs a start somewhere.

    Hopefully it does take off like you say so we can get more music in our lives :)

  2. Anthony 20 June 2010 at 3:42 pm #

    I’m somewhat sceptical, it looks to be more of an educated gamble.

    Out of the top 10 “investors” for the week, the highest was “investing” somewhere under $50.

    From what I make of the terms and conditions, the maximum that this is likely ever going to pay off is a 50% return on your money. As if the artist signs a record deal there is mention that the record company can buy all contracts at a 50% premium, so there is really no chance of making any decent money from this.

    Any residual income is for a maximum of 2 years. To make your money back, from what I can work out, I believe that 10,000 albums need to be sold.

    If however you are a big music fan and feel like putting a bet on, then this could be a bit of fun. Not really a surefire way of building residual income though.

    Either way, interesting new concept and I will keep an eye on it :)

  3. George185 21 June 2010 at 8:39 am #

    This is an interesting concept. I would like to see a success story related to this if anyone has one.

  4. Bristolboy 21 June 2010 at 9:37 am #

    I used Slice The Pie for a while about 2 or 3 years ago so it is far from being a new website although maybe it is new in the US! Not sure if it is still the same as previously but for every song your listened to and reviewed (basically ticking a few boxes) you would earn a very small payment eg a couple of pence and once the level reached a certain level it was possible to get payout. However, if you were considered a good reviewer your earnings per review would increase. Also it was possible to instead of cashing out these earnings use them to invest in artists so that if they make it big you get a good return.

    Not sure if the pay per review still works, but if so it is a way of earning money (if rather low because of the small amount of songs that can be reviewed in a period of time and the low reward per song), but I suppose it gives you a good chance of finding a great artist.

  5. Bristolboy 21 June 2010 at 9:37 am #

    As soon as I posted my comment I went on Slice the Pie and realised that 21st June 2010 is their 3rd birthday!

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