Starting a Record Label: Getting Started
Many musicians that go beyond the creative process and decide to pursue making music as a career are intimidated by the business side of things. However, it is wise to proceed with caution, especially on uncharted territory. Furthermore, with that in mind, there are plenty of resources out there for getting your start in the music business. Additionally, starting a record label may or may not be within your best interest. Although, one thing is for sure – record label or not, you will need a music publicist on your side. Assuming you do intend on starting a record label, there are a few steps to getting started.
Starting a Record Label: The Basics
On your journey of creating your own label you will need to be fully aware of what you are getting into. This is a business. That means what you do moving forward regarding your label is filled with responsibility and professionalism. Signing artists means more than just locking them into a contract and representation. A good record label owner has built their brand on building relationships, artist management, access to studios, and a music publicist.
Most noteworthy, there are legal considerations that need to be addressed. As a record label owner, you must understand copyright laws, royalties, and publishing. Music lawyers exist for a reason it is recommended that you get acquainted with at least one. Be sure that you have your company’s name registered whether it is a corporation or LLC. Additionally, have professional contracts and paperwork drawn up as necessary.
For many artists, signing to a record label can be high up on their bucket list. Keep that in mind as you begin to work together. While an artist may represent your label, you also represent them. Build a roster of musicians that you hope to build a long-lasting relationship with. Listen to the artists concerns and desires and use your business savvy to create opportunity to grow the label and the artist.
Ultimately, your record label will be as strong as the cast you put together. Build relationships with professionals and always keep your artists best intentions in mind.