A record label leverages its financial resources, industry contacts and business knowledge to develop, market and sell recorded music products.
Did you know that even if you do not have an appealing voice to sing and make money that you can still make money from the industry?
If you are an entrepreneur and you love music, one of the easiest ways of making money from the music industry is to start your own music label; and the truth is that it is not difficult to start your own music label from the scratch in any part of the world.
As mentioned earlier, one of the very things that you would be required to bring to the table is to first and foremost have the knack for music.
And then all other things would fall in place as it were.
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Those who already have a thriving business in the musical scene know that talent is very key in making it big. This is irrespective of whether you are a performing musician, a studio manager, a disc jockey, et al.
Owning a record label is basically about helping recording artists release their music album or singles to the general public and the process starts with agreeing on a deal or contract and then writing out the music lyrics before entering the studio to start work.
If you have decided that you really want to own a record label, then it becomes really expedient that you begin to plot a graph on how you want all the things that you hope for your business to come to pass.
One of the ways that you can do independent record label business plan free by having a good business plan in place. You can write a business plan with an already made template. Check below for a sample record label business plan.
It is easier for a record label to attract influx of upcoming artists if the record label is well established and recognized. Record label that are just starting out would have to go out there to search for music talents that can help launch them out. The truth is that it is a win — win situation when a record label discovers a good music talent.
The music label will help promote the recording artist and the recording artist also will give publicity to the record label.
The global revenue of the music industry is estimated at 15 billion U. Statistics has it that in the three largest markets in the music industry, measured by the revenue they generated were the United States of America, Japan and Germany.
Hence it is no surprise that the top three record labels who dominate the music industry in the globe are all headquartered in The United States of America.
Recent statistics from the IFPI revealed that overall global record industry revenues dipped by just 0. The biggest offenders for the fall were an 8. Single track downloads declined by In the early years of the recording industry, record labels were just the leverage any music artistes need to become successful in the music industry.
This is why upcoming artistes or music band sourced for good recording label to sign a contract with. Well it is important to note that most upcoming artistes or even establish artists ensures that they engage the services of an entertainment lawyer to help them negotiate the terms and condition of the contract.
From past experience, no artist wants to sign a contract that will enslave them. With the advent of the internet, it has now become pretty much easier for music labels to increase their range of operations.
A music label with a large follower on social media platforms can easily promote artists under their label. All they need to do is to release free downloads on their website.
One good thing about starting a record label is that even if you decided to start it in the United States of America, your market will not be restricted to artists in the U.
Many thanks to the internet that has made the world a global village. All you need to do is to strategically position your record label brand on the internet.
The fact that revenue is nose — diving in the industry does not in a way stop some record label from declaring profits year in year out.
The factors that is responsible for encouraging entrepreneurs to start their own music recording label is the fact that they can easily become an instant celebrity on the global stage if they can successfully produce a world class music artist.
An AIM Guideto Starting an IndependentRecord Label What to expect when setting upyour own record label If you have developed a good business plan, and feel that your label will safely make a profit, then option for small independent record labels. SULC is a government-funded scheme to provide. Mt. Hood Records music recording producer business plan executive summary. Mt. Hood Records is a start-up home business that aims to become Portland's premier regional recording label. They will represent and promote local bands, produce, and distribute and retail music CDs. BAND TIPS: Setting Up An Independent Record Label then don't even think about going in to business. Running a label is a full time job (on top of the full-time job you may well have anyway). Most importantly, it requires A business plan includes proposed marketing and promotion of your product, and also its costing.
The trend in the music industry is that most recording label companies are now leveraging on the internet to spread their tentacles and increase their revenues; they know that it pays not to concentrate only in the U.
They are now more concern in spreading the marketing of their record label to the rest part of the world. Our Target Market When it comes to music, there are no exemptions to who you can sell to. Different genre of music appeals to different group of people. Christians generally will prefer gospel music, older people naturally prefer countryside music and highlife, youths prefer pop, reggae, rhythm and blues et al.
That is basically how the market is segmented. But when it comes to sourcing for recording artist to sign on to your record label, you will probably get a good catch from the 16 — 35 age bracket. They are the group of people that are that are ready to music career. People outside that age bracket are either too old to start pursuing a music career or they are too young to consider pursuing a career as a musician.
Over and above, our target market cuts across people of different class and people from all walks of life. We are coming into the industry with a business concept that will enable us work with both established music artists and upcoming music artists in the United States and in other countries of the world.
In other words, our target market is the musicians and aspiring musicians in the United States of America and subsequently other parts of the world.Write a business plan detailing all finances, functions and aspects of your record label business.
The U.S. Small Business Administration offers free business planning and start-up advice on its.
The Record Label Business Plan has been for many years an essential tool for thousands of serious music entrepreneurs who decided to take their music serious, and to the next level by starting to plan their next big step into the music business either for themselves as an artist, or by discovering and developing other artists. Free Record Label Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below. A Sample Record Label Business Plan Template. Record Label / Music Industry Overview; In recent time in the music industry, a larger percentage of recording artists have become increasingly dependent on record labels to promote them and increase their consumer base.
BAND TIPS: Setting Up An Independent Record Label then don't even think about going in to business. Running a label is a full time job (on top of the full-time job you may well have anyway). Most importantly, it requires A business plan includes proposed marketing and promotion of your product, and also its costing.
Record Label Business Plan. Posted on December 19, by admin FREE MUSIC BUSINESS CONTRACTS › Posted in The Biz Tagged with: Business Plan, Record Label.
Leave a Reply Cancel reply. Your email address will not be published. Required fields are marked * Comment. Name *. Mt. Hood Records music recording producer business plan executive summary.
Mt. Hood Records is a start-up home business that aims to become Portland's premier regional recording label. They will represent and promote local bands, produce, and distribute and retail music CDs. Jun 27, · Write a business plan. This is needed on many levels.
First and foremost, you will build the framework of your label: how you plan on finding and developing talent, your marketing and promotion avenues, how you understand the market and the competition, how you plan on financing your venture, and how you intend on making %(15).
Thank you for purchasing the Record Label Business Plan Template. This Template is designed in professional business plan format and includes components such as a MISSION STATEMENT, EXECUTIVE SUMMARY, COMPANY DESCRIPTION, INDUSTRY ANALYSIS.