An online music store of one's own

Music fans continue to play an ever-increasing role in the music industry, as we've chronicled on numerous occasions before. Similar to GoodStorm's MixTape and Mixaloo, a new London-based service lets music fans have a hand in selling the music they love.

At People's Music Store, music fans can set up their own online storefronts for recommending and selling their favourite music. Creating a store is free, and while owners don't get paid with money the way they do on MixTape and Mixaloo, they do earn free MP3 downloads. People's Music maintains a licensed catalog of a variety of electronica, rock and other types of DRM-free music for shopowners to sell. When someone visits a store on the site and buys music based on the owner's recommendations, the owner gets rewarded with points—equivalent to 10 percent of the retail price—that can be redeemed toward music at other stores on the site. Artists and labels, meanwhile, are paid a full cash royalty for every sale. Labels represented on the site include Warp Records, Ninja Tune, kranky and Domino Records; artists include respected names like Squarepusher, Boards of Canada, Autechre and Amon Tobin. Pricing begins at 99p per standard track and GBP 7.99 per standard album.

If there's anything people love more than having their say, it's being rewarded for that input—not to mention a chance to earn the respect of countless like-minded twinsumers around the world. Next, People's Music Store plans to begin including user-generated audio content for sale through its storefronts as well, according to its FAQ—now that could really be music to prosumers' ears! ;-)

Website: www.peoplesmusicstore.com
Contact: info@peoplesmusicstore.com

Spotted by: Murtaza Ali Patel