I mentioned Lili’s music previously and I know that she’s hard at work trying to promote her music and to fulfill her dream of performing live to large audiences. Anyways, just found out that Lili is now on SellaBand.

SellaBand is an interesting concept:

For the first time fans and Artists can be in business together. Therefore each Artist issues 5,000 so called Parts. Parts cost $10 (plus transaction costs) each. Together Believers have to raise $50,000 to get their Artist of choice in the studio. At any point before your Artist has reached the Goal of $50,000, you can withdraw your Parts and pick a different Artist. You can even get your money back. It’s your music. It’s your choice.

In some ways it’s almost like share trading. You buy shares in the business (in this case the music) and help to promote the artist. If you have friends that may like the type of sound that you are believing in, then it can work out quite nicely.

Help your Artists of choice to raise $50,000. You can do this via communities such as MySpace or simply by enthusing your friends.

Once all the finite shares (parts) are sold something great happens.

Once an Artist has reached the Goal and has raised $50,000, it is no longer possible to buy Parts from this Artist. Only these 5,000 Partholders will be in business with their chosen Artist.

Once your Artist has raised $50,000 SellaBand will assign an experienced A&R-person to this project. Together with a top Producer, your Artist will record a CD in a state-of-the-art Studio. During the process you will get an exclusive sneak preview of this exciting process.

As a Believer, you will receive a special package at your home address, including a limited edition of the CD. Play it loud and use it to promote your Artist.

There’s even more to it. Refer here for the details.

Anyways, I believe in Lili and I’ve purchased 10 parts. If her music interests you then I encourage you to become a believer too.