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Here Is How Others, Just Like You, Have Made a Lot of Money By Starting A Record Label
Copyright (c) 2006-2023 Ty Cohen
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!!
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9 Extremely Easy Ways to Make Your Indie Record Label's Sales SIZZLE!
Written by: Ty Cohen |
Distributed: 2006-06-14 |
Word Count: 746 |
Page Views: 4596
| Votes: 23 |
Rating: 2.09
Today, record labels that have consistently been successful face
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Written by: Ty Cohen |
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Many years ago people believed that the only way you could make
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Don't tell me you never thought about owning your own Indie
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Distributed: 2006-05-19 |
Word Count: 601 |
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One of the greatest changes to take place in the music business
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Written by: Ty Cohen |
Distributed: 2006-05-03 |
Word Count: 0 |
Page Views: 2438
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Since it is so difficult to get a contract with a big label and
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Written by: Ty Cohen |
Distributed: 2006-04-18 |
Word Count: 0 |
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Virtually every recording artist, started out on a small
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That's the spirit. You are going to have to take some of that
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Written by: Ty Cohen |
Distributed: 2006-03-31 |
Word Count: 0 |
Page Views: 1771
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Rating: 0.50
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Word Count: 0 |
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