Open On Sunday’s Market Development Partner Program is a lucrative opportunity for connected people in the music industry to earn significant commissions in the growing music catalog sales market.
The following is from Open On Sunday, a company DMN is proud to work with.
With streaming music revenue stabilizing and data tracking improving, catalog acquisition is one of the fastest growing sectors in the music industry. But before a successful deal can be struck, both sides must first come together and work out mutually beneficial terms.
Most successful acquisitions begin with an introduction, often conducted by someone who knows both the seller and the potential buyer of the music catalogue. Open On Sunday offers these “well connected” individuals the opportunity to make tens of thousands of dollars by joining their team as a Market Development Partner or (MDP).
A Sunday open MDP is not a traditional broker who often does little more than sit back and collect a “finder’s fee” after the initial introduction. In contrast, an “Open On Sunday” MDP guides the seller through the entire business process from start to finish.
The first job of an MDP is to help the prospective seller request a free quote on the Open On Sunday website. This includes securing and uploading all required PRO documents and other statements and agreements for analysis within Open On Sunday’s proprietary pricing engine. If the catalog owner accepts the offer, the MDP guides the seller step-by-step through the simple closing process until the deal is signed and the money is transferred to the seller’s bank account. The MDP receives a substantial sales commission for its involvement throughout the deal process.
Open On Sunday’s Jasmine Love talks about her experience as a Market Development Partner of Open On Sunday.
“Being in the music industry and having so many contacts and relationships, it just made sense to become an Open On Sunday MDP,” Love said. “I was actually able to use my network to increase my net worth while also improving my relationships, giving music catalog owners the funds they needed in a short amount of time,” Love added. “Who would have thought that calling my network would result in six figures for me? Of course I’ve been on the phone a lot more since then and I’ve been very well looked after!”
The MDP program is just another example of how Open On Sunday is reshaping catalog buying with innovative ideas that are changing the landscape of the industry.
“Becoming an Open On Sunday Market Development Partner is all about who you know and your ability to convert your connections into money,” said Malcolm Thompson, Co-Founder and President of Open On Sunday. “The MDP program is ideal for individuals who are looking for it. Build a career in catalog purchasing while earning substantial commissions,” Thompson said.
Open On Sunday was founded in 2018 and has so far completed more than 70 transactions across all music genres. Notable names include the late blues legend BB King and songwriter Liz Rose of Taylor Swift, who was inducted into the Songwriters Hall of Fame in 2023.
For more information on becoming an Open On Sunday MDP, visit Visit the site here.