
By talontsiawd
Sun Sep 21, 2008 9:31 pm
Do you think an average person can make a record label?
I'm not trying to do this, i was having a conversation with a friend and it got me thinking. I was wondering what people's thoughts are, as well as wondering if anyone has done so and what there experiences are/were.
Basically, i'm talking about the work out of a home studio, minimal loans, minimal production costs, etc. But actually be PROFITABLE. Not make you just spending cash but pay your bills, allow you to to better your financial situation in real ways, etc, etc.
I was talking to a friend and I really think the "MP3 era", as negative as alot of it has been to the music industry as a whole, especially independant musicians, it brings opperternities (I think). For example, the quality of music really doesn't have to be as quality as it used to be. That allows for someone who has somewhat competent skills to make something the general public can listen to. Promotion stuff, it's iffy, i don't know that it would be a really viable resource or not. My own idea would be keeping the target market local still.
Then, we all know getting beats for an album can be had for almost nothing, many times nothing, and still be quality. Budget your production to $2000 or so. Then, presumably, someone involved would have the equipment to record, so it would just be the price to pay for recording, mixing and mastering. Obviously, someone involved may do this for free but that negates the idea of being a "true label", it is a business. Put about $1000 most there. Hopefully sell $2000 worth of CD's for whatever price.
That gives a $5000 budget. In terms of promotion, you would have to add some but people would have to perform, etc.
I've yet to hear a business plan from a small label (not that people should give them out freely), but i haven't even heard people touch on alot of this stuff and plan to be independant. Alot of people try to start a label with no intention of spending money, alot of people spend money to promote and hopefully get signed to a major.
I was just curious if people think you could still have a low budget label and survive. I personally think so but only if other people did it too. I want to hear oppinions.
I'm not trying to do this, i was having a conversation with a friend and it got me thinking. I was wondering what people's thoughts are, as well as wondering if anyone has done so and what there experiences are/were.
Basically, i'm talking about the work out of a home studio, minimal loans, minimal production costs, etc. But actually be PROFITABLE. Not make you just spending cash but pay your bills, allow you to to better your financial situation in real ways, etc, etc.
I was talking to a friend and I really think the "MP3 era", as negative as alot of it has been to the music industry as a whole, especially independant musicians, it brings opperternities (I think). For example, the quality of music really doesn't have to be as quality as it used to be. That allows for someone who has somewhat competent skills to make something the general public can listen to. Promotion stuff, it's iffy, i don't know that it would be a really viable resource or not. My own idea would be keeping the target market local still.
Then, we all know getting beats for an album can be had for almost nothing, many times nothing, and still be quality. Budget your production to $2000 or so. Then, presumably, someone involved would have the equipment to record, so it would just be the price to pay for recording, mixing and mastering. Obviously, someone involved may do this for free but that negates the idea of being a "true label", it is a business. Put about $1000 most there. Hopefully sell $2000 worth of CD's for whatever price.
That gives a $5000 budget. In terms of promotion, you would have to add some but people would have to perform, etc.
I've yet to hear a business plan from a small label (not that people should give them out freely), but i haven't even heard people touch on alot of this stuff and plan to be independant. Alot of people try to start a label with no intention of spending money, alot of people spend money to promote and hopefully get signed to a major.
I was just curious if people think you could still have a low budget label and survive. I personally think so but only if other people did it too. I want to hear oppinions.




