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Article Teaser: A virtual Renaissance is going on right now in the record label industry, because space, volume and distance are no longer obstacles. Recent changes in technology have opened the playing field to Indies.

Keep reading below...

Here Is How Others, Just Like You, Have Made a Lot of Money By Starting A Record Label

Copyright (c) 2006-2017

A virtual Renaissance is going on right now in the record label industry, because space, volume and distance are no longer obstacles. Recent changes in technology have opened the playing field to Indies. The Internet age has made life easier for Indie record labels. One can take orders over the internet, distribute songs in MP3 format, which makes it easier for street musicians, small rock bands, or Indie label owners to make their music available to the masses.

Recording equipment is decreasing in size and price daily. One can put together their studio right in their own home, or in a rented space, for surprisingly little money. Fully equipped studios for rent are also available in most cities. Priced at approximately $150 and up per hour, one can use a local studio without having to establish one of their own.

So why wait. Today, starting a record label is easier than before. With sufficient preparation on the industry, one should be able to break into and succeed in this highly lucrative field with confidence. How lucrative is the field, one may ask. Lets just say it is very lucrative. The global music market is approximately $40 billion to $48 billion in gross worth. Thirty percent of this worth belongs to the Indie record labels. That is approximately, $12 to $16 billion.

The Indie record label is not only attractive to entrepreneurs, but to artists. Artists signed by major record labels typically earn approximately $1 per copy sold. Whereas, an artist signed by an Indie record label typically earns approximately $5 per copy sold. The end result is more artists wanting to work with Indie records labels, which equal greater profits to the Indie record labels themselves, due to a higher volume of sales. Case in point, last year Indie record labels sold over 900 million units. Simply, being an Indie record label, one will have a higher rate of return, because the artist will see more profit per unit sold than they would if they were with a large record label.

Breaking into and succeeding in the Indie record label industry is becoming easier by the minute. Once one has established himself as an Indie record label, he should do the following in order to take his business to the next level: outsource the duplication master copy; find a major distributor to distribute your label; start your own studio; and scout for creative talent. Once one has accomplished, the prior four steps, than he is on his way to a lucrative business.

Just remember like any new business, there will be bumps in the road. That is why it is important to do your research beforehand so that you can prevent many bumps. Before starting your new Indie record label, make sure you have considered the following points:

1. Answer why would someone want to buy your music.

2. Prove that there is a current market for your music.

3. Learn the basics about copyright law.

4. Learn about mechanical royalty.

5. What is your goal for starting your own label?

6. Have you registered your new company?

7. Will you need any record producers/engineers?

8. Know beforehand where you will get financing for the start-up costs.

9. How will you market your label?

10. Learn the distribution costs.

11. Learn about the costs to manufacture CDs, etc...

12. How many copies will you need to manufacture per release?

13. Are "package deals" right for you?

14. Do you know how you will go about finding new acts to sign to your label?

15. Do you know of any graphic designers?

16. Do you have your own barcode?

17. Do you know how to write a music-marketing plan, a distribution one-sheet, and other promotional materials?

18. Who are your customers?

19. What specific information should go on the cover, back cover, spine, booklet, and on the CD itself.

Once you have answered the above, then you are on your way to starting your own Indie record Label. Have fun and good listening!!



About The Author: Shop Amazon - Top Gift Ideas
Ty Cohen is the acclaimed author of over a dozen best-selling music industry "How to" books and courses. Grab a copy of Ty Cohen's latest book title by visiting http://www.MusicBooksByTy.com and to learn more about starting or turning your existing record label into a world wide, profit pulling record label visit: http://www.TheUltimateRecordLabel.com/landing_page.htm Start A Record Label Today!

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Internal ID: #2877
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Word Count: 672

Total Views: 3161

Article Rating: 2.11 of 5
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Last Distribution Date:
2006-05-23 13:48:00






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