- Step 1: Write a business plan Write a business plan to demonstrate to potential investors that you know what is involved in running a label.
- Step 2: Raise capital Put together a budget, and raise the capital necessary to form and run the business. Funds can come from personal savings, loans from family or friends, bank loans, or investors.
- Step 3: Choose a name Choose a name for the label.
- TIP: Check with local, state, and federal laws to ensure the business is properly registered.
- Step 4: Contract a band Contract an artist or band that makes great music and record their album.
- TIP: Pick a band that is willing to tour. A record label suffers if the band does not tour.
- Step 5: Contact the press Submit the band's record to the press four months before the release date. This increases the chances of getting a review around the release date.
- Step 6: Send press to distributors Send any press about your label or its bands to music distributors.
- Step 7: Make the album available Have the album available in stores and online so the fans who didn't buy one at the concert can get an album with little hassle afterwards.
- FACT: Did you know? The original record players used wax cylinders that were 4¼ inches long.
You Will Need
- A business plan
- A name
- A band or artist
- A recording studio