There is so much talent out there that the record
labels canít pick up people fast enough. Really, if you
think about it, all it really takes is that one
incredible band that fans just flock to like sheep to
their Sheppard. Their CDs will sell like crazy and
you, little old you will be the one making all that
incredibly sick profit. Why shouldnít it be you, after
all? Why should it always be someone else? All you need
to know is how to start and run your own record label;
it is as simple as that.
So, what? What is it that you need to do? Well,
letís start from the beginning. You are definitely going
to need some dough of your own. There are a couple of
ways to get this, if you donít already have it. Assuming
you donít already have it then you can always borrow it.
Borrowing it is always risky but if you are here to
learn about starting a record label then I am
betting you are a risk taker. You can borrow it from a
bank, from your parents, from your rich grandfather, it
doesnít matter but you are going to need it.
Another option, which is always the preferred
way, is through OPMís or better known as other peopleís
money! Investor--that is the key word here. Find two,
three or better yet five investors who believe in you
and believe in what you are going to involve them in and
you will be set or at least on the right foot. You have
to sell them on the fact that you know how to start your
a record label. The only downfall is that you have to
pay them back a percentage of your profits but they
deserve it if you succeed at what you are doing.
Acquiring capital, cash or a loan is only the
beginning of the process of learning how to start and
run your own record label. Get your ideas and your
money situation together and you will have accomplished
the most important step in starting your own business.
You of all people know that not everyone is born with a
silver spoon in their mouth. You are definitely going to
have to work and plan and slave. But once you know how
to start and run an independent record label, then
you have no excuses. You just have to get out there and
get it done.
Ty Cohen, the
online music industry's most recognizable voice is
the former owner of a successful independent
record label, current owner of Platinum Millennium
publishing and nation-wide music industry seminar
speaker and panelist. He is also the author and
creator of over 40 best-selling music business
books, reports, courses, audio products and other
music industry "How to" resources", that have
helped tens of thousands of indie
artists like you to successfully find their
way in the music business.