15:46 The 100 Most Creative People In Business In 2012 | |
72 - Jared Leto (Entrepreneur/Musician)How To Turn Ideas Into Businessesared Leto's first transformation was standard fare--from starlet-dating actor to starlet-dating prog-rock-band frontman. But his second shift was more noteworthy: As he found new ways to expand his band's reach, he spun off new businesses to help other bands capitalize on their hard-core fans. "The future of music is really exciting," he says, "especially if you're interested in a proactive, innovative experience." Leto has created three startups (so far). The "aha" moments and the companies they inspired:Engagement trumps numbersHis band, Thirty Seconds to Mars, once invited fans to submit photos
of themselves, for a chance to be on the band's next album cover; it
yielded 2,000 different fan covers. He realized, "I'd prefer 1,000
followers, friends, and fans that actually meant something, rather than
10 million that weren't engaged." Cater to your biggest fansLeto thought that VIP experiences sounded lame but tried offering
one. When 200 people signed up, he reconsidered their value: "These
people are our loudest voices online." Court a premium audience"Everyone who knows streaming said to keep the price low, to go for
numbers," he says. "But they're wrong. If someone is willing to log on
and use their credit card, that's a committed individual." Timeline
Photo by Benjamin Lowy | |
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