If you have something unique that will ensure success, such as a link to a key industry contact, or opportunity, this is where you should list it. Finding the Right Record Label. They also use their powerful organizations to promote their artists. When it comes to choosing a record label, finding the right fit for your music career is critical. You should also look at your competition to see what they sell their music for online or in stores. But indies are actually pooling up resources (e.g., Merlin) to better represent their interests. Sign bands and acts that fit in with the particular image you hope to cultivate. A music business is a huge umbrella consisting of many job positions and departments working under it and the company follows a unique hierarchy structure of workers. Same goes for other music career opportunities. Start today, and spend just 15 mins working on your plan, you'll be surprised how much you will get done and you'll be in a much better place to start your record label. A record label registration protects your label from infringement and gives legal authorization to run the label as a business. These ambitions may or may not align with yours in the short or long term. How to Improve Your Mix with Field Recordings and Foley, 10 Social Media Tips For Musicians: How to Engage Fans, How to Get More Streams on Spotify as an Unsigned Artist, How to Make an EPK That Will Get You Noticed. Artist Relations Representative The artist relations representative keeps communication lines open between the label and its talent, according to a Berklee College of Music career overview. A&R people work very hands-on with the artists that they "sign." The best way to get yourself known is to build a website afterward. 1-2 Years-To have a steady flow of quality releases, building the labels reputation.-To have discovered and signed at least 2 exclusive acts to the label.-To have broken even on all costings. A&R representatives also communicate with the label's business department to ensure that all the paperwork associated with the project is in order. Register with your state’s revenue office for a Federal Tax ID. Some states direct you to the state’s website to fill out the form while others provide you with the form, which you mail after completion. PHONE Do you want to sign new artists? As a bare minimum your goals should aim to release at least 3 singles or EP’s in your first year if you are a DJ or band, and 6-8 records of you aim to sign artists to your label. Some people have a raw talent in either creating music themselves or finding the talent that can. You will need to have a room or a studio where you will create songs. Every business I have started has begun with a plan. Joe and Rich have been involved with dance music for a long time and have over 4 years experience in music production and running small music related businesses. Below are some qualities you need if you want to start and running a successful record label. It doesn't need to be fifty pages worth of the minutiae account details but it is important to write down what your goals are for the first 12 months. Although some record companies can expand to this scale, the best approach suited to smaller, independent labels are … This section will actually be written last. They also offer many other benefits that may be more important to the artist. Outline your business strategy for the first five years. A small company won’t have that option. Strengths and Opportunities: This is where you will list your strengths and opportunities as a record label. Find a name for your record label by coming up with a list of three to five names as backup names in case your first choice is already registered. use the hottest, “tentpole” artists to leverage bigger/better opportunities for the agency’s smaller ones. Follow along and edit each section as we go along. Independent record labels are small companies called indie or boutique labels. Strengths, Opportunities and Core Values. EMAIL. In this article we look at the eight elements that make up a record label business plan, and work through the template providing examples you can edit for your own record label. It’s an approach that’s best suited for massive organizations with many off-shoots and departments. They will have a better sense of what’s ahead than someone from an indie record label who may have less experience developing careers or are learning as they go.