How Much Does It Cost To Start A Record Label

As you start your record label you are going to need to determine what genres of music you want to deal in how much startup money you will need and how many employees you will need to hire. You will need some money behind you to really get going but dont write off your ability to do a lot of work in house to save money.

Answer How Much Does It Cost To Start A Record Label

How much do record label businesses make.

How much does it cost to start a record label. Promotion typically a few thousand dollars. What you make will vary with the content you sell and how many people buy it. As a recording whiz youll locate talent choose the songs.

Recording industry accounting for a full one third of the world market. Legal services 500 to 1000. How to start a record label.

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. This can go up to as much as 500k for a mainstream big studio budget. A successful record label will seek out new talent pay for the recording and mixing of albums underwrite.

It will be distributed globally for 1 year for about 40 150 depending on the options you choose. 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.

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. 10k is bare minimum basement price for a full album 50k 100k is reasonable. 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.

Record label business startup costs as little as 200 to get started at home to as much as 50000 for a recording space. As you can see when it comes to starting a record label with no money it all comes down to careful cost management. The music industry is changing rapidly there is always a need for forward thinking record labels.

If you are successful enough you can make between 20000 to millions of dollars per year.

How Do Record Labels Turn A Profit Recording Connection