Canadian Music Trade - April / May 2020 | Page 24

Canadian Music Trade’s 2020 RPMDA Convention “Not-a-Preview” Retail Insights from Would-Be Presenters By Michael Raine As you may gather from the title, this was supposed to be our annual preview of the RPMDA Conven- tion – you know, the one where we discuss all the enlightening educational and fun so- cial events that await the few hundred print music dealers and publishers who will gather together in a confined space at some hotel, most definitely not keeping six feet apart? It’s also the annual preview where we get some insights from a few presenters to share with the folks here in Canada who won’t be crossing the wondrously open border to the United States to join their colleagues. Well, you know what happened. The RPMDA Convention, like every other gathering, big and small, around the world was cancelled because of the COVID-19 pandemic. Nonetheless, before the convention was cancelled, Canadian Music Trade spoke with three planned conference presenters about sessions that we thought would be especially interesting. And, convention or not, those conversations yielded plenty of valuable insights and best-practices for print 24 CANADIAN MUSIC TRADE retail success. So, consider this our first (and hopefully last) RPMDA Convention not-a- preview! CMT: So, what do you mean by the “Sil- icon Valley way” in the context of music products retail? Innovation and Growth – The Silicon Valley Way (but without the tech!) With David Friedman of Ficks Music Friedman: Unlike most in this print music world, most of my professional career has been in tech and a lot of that has been in high-growth startups and venture-backed startups. Some have succeeded wildly, like Venmo, and some have failed horribly, like ones you haven’t heard of [laughs]. When I came into this arena – and I am a musician but not professionally and not seriously – it was more an exploration into e-commerce… What I learned in doing those startups over and over again is that failure is not an absolute concept. It’s how you failed and it’s why you failed. There are good reasons to fail and there are good ways to fail. Because, when you’re really innovating and changing and you’re really trying to do something that you’ve never done before or maybe nobody else has done before, the unknowns are so vast. So, how you manage that process and how you think about it really impacts if you’re going to fail and how fast you fail. This isn’t the whole Facebook thing of “just break things to break things,” but the speed