HOW TO START YOUR OWN RECORD LABEL FROM SCRATCH - A HOW TO GUIDE
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Latest Breaking News - Business - Viewing: How To Start Your Own Record Label From Scratch - A How To Guide Tuesday, February 02, 2010 It might surprise you to know that many famous record labels were started not by wealthy music impresarios but by music-loving individuals with only a limited capital and a dream of recording bands they loved and bringing them to the attention of a broad audience. For example, Chris Blackwell started Island Records for just £1,000 in 1959; thirty years later he sold the label for undisclosed millions. So if you're interested to know how to start a record label, in particular how to start a hip hop record label, here are some tips to get you started. First, you'll have to draw up a business plan. A business plan is sort of road map that will define your business goals and how you will achieve them. The essential parts of the business plan include an overview of the proposed company, an analysis of the market, a marketing plan, a management plan and financial data such as estimated operating expenses, projected income and cash flow and a break-even analysis. Of course, you'll also have to pick a cool name for your label. The name will reflect the identity you want for your label while reflecting the kind of music you want the label to put out. For example, when P Diddy set up his record label, he called it Bad Boy Records to suggest the edgy nature of the Hip-Hop and R&B acts he signed, such as the Notorious B.I.G., L'il Kim, Faith Evans and Junior M.A.F.I.A. Of course, unless you started your label to make your own records, you will need to sign talent. By now, you should be familiar with the clubs where some hot but undiscovered talent may be performing. You can try approaching them to see if they'll sign with you, or talk to promoters who have talents who might be looking to record. However, this may not be an easy task, since you'll have to convince them that you can deliver for them. Once you've signed your first few acts, however, it will become easier to convince others to go with your label. After you've made your first record you now have to do the hard work of marketing them. Fortunately, the Internet has provided many cost-effective ways of bringing your music to the attention of your intended audience, such as by starting a Facebook page for your label and offering some tracks for free download or listening via streaming mp3s online.
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