Canadian Music Trade - April / May 2020 | Page 28

Business Matters By Michael Raine What Drives Canadian Musicians’ Purchasing Decisions? We Asked Them… MI retailers make so many decisions based on what they believe their customers’ pur- chasing habits are, from how much and how often they spend to how they make the de- cisions that they do. So, in conjunction with CMT’s sister magazine, Canadian Musician, we surveyed musicians across the country to get a snapshot of their broad-perspective purchasing habits. The 150 respondents to the survey came from every province and we thank them for providing this insight. The distribution of product categories among the respondents was somewhat even, as each respondent was allowed to choose multiple categories. It’s no surprise that the most popular was guitars and re- lated accessories, with a quarter of respondents saying they regularly purchase within that category. It’s notable that “recording software and gear” was the second most popular product category, showing that home recording has become a major part of many musicians’ musical lives. From which of the following product groups do you regularly purchase gear or accessories? €24%€ Guitar €19% € Recording Software & Gear€ € 14% € Vocals€ €11% € Live Sound € €10% € Piano/Keyboards€ € 9% € Bass guitar€ € 8% € Drums/percussion € 2% € Other € 2% € Brass/Strings/Woodwinds € € 1% € DJ Equipment€ 28 CANADIAN MUSIC TRADE € We were a little surprised that “a few times a year” was the most common response – by a large margin – when musicians were asked how often they’re making purchases. Had the question been exclu- sively about instruments and gear, that would not be too surprising, but because the question explicitly included accessories, we expected it would be more often. How often do you purchase instruments and/or accessories on average? € 1% € Weekly€ €17% € Monthly€ €60%€ Few times a year€ € 12% € Yearly€ €10% € Less often