Music sales is a huge business for sure, even if digital downloads and piracy are being blamed for poor sales of traditional music formats.
A study performed by Vasant Dhar and Elaine Chang from the NYU Stern business school suggests that the amount of blog traffic a band or musical group gets directly relates to how well the music will sell. The study looked at over 108 albums over eight weeks. The study looked at blog results from “legitimate” blogs, which was determined by the number of Technorati links a blog has. Sales figures from albums were taken from Amazon.com sales ranks.
Those two sources for study information may be looked down on by critics, but the study does lend some weight to the power of bloggers for music sales. What the study authors found was that blogs had more effect on the sales of music that any other online or mainstream publications.
BetaNews reports that when more that 40 “legitimate” blog posts were made for an album that sales were three times higher than average and five times higher than average for mainstream labels. The study also shows that if blog posts about an album exceed 250 posts sales of the album were six times higher than average.