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There is, of course, a huge, random sector of the net that is not manipulated by power gatekeepers, but the masses never get exposed to that sector because of it's diversity, size and content. You create your own compartmentalized bubble of influence within this sector, and 50 or 100 people pay attention, if you're lucky. It's almost impossible to bust out of that low-level gigantic cluster F of data to a larger audience, partly because of its inherent characteristics, and partly because access to the upper level sectors is limited by how much marketing money and know-how you can invest.
Ok, what are we talking about ? If you're the next David Guetta, if you sound "top 40" enough, maybe you should keep your tracks to pitch to the right people in the industry, or at least people who know people who know the right people... But, we are speaking about "underground" elctronic music. I know very few "power gatekeepers" that will invest (even time) into this kind of niche market. Even if you can find a label, how does this transalte in terms of exposure ? 100-200 tracks sold on beatport ? And of course next to no money after the label took its cut.
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True, but I'm wondering if something like Bandcamp is a waste of time. I still want to be selective where I put my music out. Bandcamp may be less for exposure like Soundcloud, and more for selling. I could be wrong. I do love the simple interface of Bandcamp.
I dont see anything bad working with bandcamp or CD Baby or any other way to distribute your music... as long as you don't mind to invest a little time doing it.
Have a nice artist page. It doesn't need to be fancy but informative about your concept, what you can offer as an artist and how to book / contact you. Then have some tracks( or samples) available for free on your page (soundcloud / youtube links) and a clear link to your album on Bandcamp, iTunes or whatever for people who want to support you.
Of course, have a nice press kit (virtual or not) you can send to blogs / website / press that are relevent in your genre. And a selection of tracks to pitch to some DJ.
You don't need to fire all your shots. Release a couple of free tracks and an EP or a 10 tracks album if you have a stock of 20 tracks. You keep 10 tracks if a label contacts you and want unreleased material. Don't forget you can have a Bancamp release and still find a label whishing to have a distribution only deal.