Tuesday, July 24, 2007

The magic quarter

It is not a magic coin that I'm talking about in the title, as it could have been in these HP times, but about the percentage of Sellabands that have risen above $0 in parts. Many believers, the Sellaband team included, have wondered what type of person or band would enlist on a site like Sellaband and not be prepared to shell out $10 out of their own pocket, or even their parents', grandparents' or friends'.
My bigger amazement however, is about the fixed statistical nature of this group of artists... since I started recording these numbers on the 21st of April their percentage of the total number of artists has been almost exactly 75%. You might think this changes over time, but no: even of the artists that sign up today, only a quarter will ever get going on the road to 50k.
The statistics: The bandwidth of artists with at least $10 on their account is between 24.95% and 26.05% of the total. One percent at this moment is about 46 artists, so this whole variation is only about as much as the number of artists that sign up in three days... Such numbers never fail to amaze me... (VB)

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