Many indie labels skip this step at least initially but it is a good idea to have your record label set up as a legal business entity from the start. You cannot start a record label with absolutely no cash not if you actually want to have a functioning label.
As a recording whiz youll locate talent choose the songs.
How much it cost to start a record label. Record label business startup costs as little as 200 to get started at home to as much as 50000 for a recording space. What you make will vary with the content you sell and how many people buy it. Lets be clear up front.
There are a number of design agencies that will sit down with you and turn your thought process into a well designed well delivered entity and if this costs a bit of money but leads to a worthwhile pleasing user experience it could be the best money you spend at this point in the start up of your label. Find recording artists and a way to distribute music with ideas from a tv and video producer in this free video on record labels. Starting a small scale but standard record label company that can only carry out basic recording servicesstudio works in canada will cost from twenty thousand dollars to fifty thousand dollars 20000cad to 50000cad.
But you can start a label for less than you may imagine. Legal services 500 to 1000. The cost to start a record label can range from hundreds of dollars to hundreds of thousands of dollars depending on knowledge of the record industry and business connections.
Some labels work with publicists music promoters booking agents and others to increase awareness and spur record sales radio play and ticket sales to live shows. You will need to be an actual legal business if you want a business bank account or credit card and it certainly makes tax time a lot more manageable. According to the recording industry association of america music influences every culture on our planet to the tune of 38 billion annually with the us.
How much do record label businesses make. Promotion typically a few thousand dollars. If you are successful enough you can make between 20000 to millions of dollars per year.
The trick is realistic expectations and most importantly being willing to roll up your sleeves and get your hands dirty. Recording industry accounting for a full one third of the world market.