Nimbit Goes Global and Lowers Sales Commissions
July 2, 2013
Nimbit®, a PreSonus® company, today released a major multifaceted update to its direct-to-fan sales and promotion platform.
While Nimbit now delivers more, it costs less—much less. Commissions on sales transactions have been reduced from 16.5% for all accounts to 10% for Nimbit Free and Plus and a miniscule 5% for Nimbit Premium accounts. And unlike competitors who only offer low commissions on digital goods, these rates also apply to sales on physical goods as well. For example, if you sell a $10 CD with a Plus account, your commission will only be $1; sell it with Nimbit Premium, and your cost is only 50¢!
Another long awaited new feature to Nimbit is the shift to a Direct Pay model, where subscribers get paid directly, via PayPal, as they make sales. This is the music business version of instant gratification!
The updated service also adds a much-requested self-fulfillment option for physical goods. Nimbit previously picked, packed, and shipped all orders for physical products like CDs, vinyl, and t-shirts from their U.S. warehouse. Now subscribers to Nimbit Plus and Nimbit Premium have the option to ship products themselves from anywhere in the world. Nimbit will continue to offer complete fulfillment services as an option in Premium accounts.
Localized Currencies and Stores
Nimbit is now international! This update enables musicians around the world to sell in their local currencies. At launch, the following currencies are supported:
- Australian Dollar
- British Pound Sterling
- Canadian Dollar
- Czech Koruna
- Danish Krone
- Hong Kong Dollar
- Hungarian Forint
- Israeli New Shekel
- Japanese Yen
- Mexican Peso
- New Zealand Dollar
- Norwegian Krone
- Polish Zloty
- Singapore Dollar
- Swedish Krona
- Swiss Franc
- U.S. Dollar
In addition to support for local currencies, Nimbit subscribers can set their storefronts to display in English, French, German, and Spanish. Support for additional currencies and storefronts in other languages will be introduced as needed to meet customer demand.
“Musicians around the world all need a way to create a supportive relationship with their fans, and that starts with the ability to sell direct,” commented Nimbit co-founder and president Phil Antoniades. “By adding local currencies and native languages to the Nimbit platform, we’re giving more artists around the world a deeper connection to their fans.”
What is Nimbit?
Nimbit provides the easiest way to sell and promote music, merchandise, and tickets to fans on Facebook, Twitter, and your Web site while building a supportive fan base.
- Sell MP3s, CDs, merchandise, and event tickets through beautiful stores for Facebook and your Web site.
- Drive sales and grow your fan base with sharable promotions for Facebook, Twitter, and email that feature music and video players, personal messages, free downloads, and discounts.
- Get additional funding with an in-cart "tip-jar" for purchases and free downloads. One in 20 transactions on Nimbit receive support averaging $7.80.
- Get discovered by selling music on iTunes and getting placement on Spotify.
- Understand your fans and build your business thanks to enhanced analytics and sales reporting.