Start A Record Label! Do you want to start an independent record label of your own? Despite what you may hear from some disgruntled starving artists there is no better time in history to be in the music business! Never before has the means of distributing music been as easy as it is now. Couple that with the necessary information you need to make it BIG in the music business being readily available puts in you a Can’t Lose situation! Your dreams of starting a record label are closing now than they have ever been before! Let’s jump right into what you need to know to start your own record label. For starters you need to understand the proper structure. In order to get a major label or distributor to give your independent label a record deal you must have the proper structure in place. By structure we mean do you have a “REAL” marketing team for promotions, A&R (Artist & Repertoire) person, product placement and planning department? If you don’t have a clue what I am talking about don’t feel bad as many people feel the same way. Unfortunately understanding this structure is vital to your ever being able to get a major label or distribution deal! You will never get money from a major company if you don’t have these pieces in place because without them your label will undoubtedly fail. Most new label owners think gathering some of the homies from the block sticking them in a wrapped van on rims and having them pass out t-shirts with your name and face on them is promotions! WRONG! That may have worked 10 years ago when you were only looking to sell units in your neighborhood but in todays Internet savvy world you will be lucky if you sell 20 units like that! What about product placement and planning? Who’s going to get your music in the hands of the right people, plan your tour dates, shows and in-store promos. These are all things that you must have in place on paper before you ever get to the point of having Sony, Universal, Interscope etc give you a $1 million dollar deal. Once you have some sort of structure in place you must have your legal paperwork in order and a sole proprietorship or dba won’t get it! You will need an llc or s-class corporation so that you have a corporate veil of protection for yourself, your artists and your partners like the record label and distributor.
Again many new label owners forsake this and want to try and wait until the last minute but this ultimately ends up costing them time, money and quite possibly a million dollar deal because they weren’t prepared. The easy way of doing this would be to visit www.Legalzoom.com and get your company set up however for most people it’s best you contact your local music attorney and get them to assist you with doing this. This serves 2 purposes as you get to work with someone already in the business with contacts and you get to ask questions regarding the business and quite possibly make a connection with someone they may know who is looking for a new label or hot artist. Now that your structure is in place and you set up your entity you are now ready to begin signing artists! But before you turn into Puffy and start signing acts left and right have your music attorney put together what we in the industry call a “1-pager” which is a contract along with your long forms. With these things in place you are now ready to blow up in the music business! Now for most people reading this we discussed here in this article is totally new information and quite honestly you would like some help with implementing this information, right! You can get an entire in-depth education on the details of what I have shared with you here by visiting the first ever of it’s kind: www.TheHipHopSchool.com – Here you will be introduced to everything you need to know to make MILLIONS in the music industry and prevent yourself from getting jerked by a label like so many of todays artists. Starting your own record label can be financially rewarding and gratifying however like anything else if not done the right way you could end up regretting the decision for the rest of your like. This informative article has been brought to you by www.UCanMakeBeats.com in conjunction with www.TheHipHopSchool.com