on Jan 21st, 2008Own Your Own Online Music Business - Start An Independent Record Label
If you have a desire to own your own online music business, one of the best ways to become profitable quickly and for very little cost, is to start your own independent record label.
I’ve come to the realization, after several years of working in the music industry that a lot of unnecessary money, time and effort are spent by people trying to make it in the business, only to find themselves at dead end after dead end. Hey, I’m not here to discount anyone’s success or burst anyones bubble, but I’d be lying if I said that I don’t just cringe at the thought of so many aspiring music entrepreneurs thinking that if they could just get that business loan or line of credit to build their studio, or if they could just send another resume to that major label, that they’ll get that big break they’ve been dreaming of.
Reality Check
There are people inside the big label industry who refer to their work as “Entertainment Slavery,” and from what I’ve seen (which just so happens to be TOO MUCH), I can’t think of a more accurate description for what goes on behind the scenes of this cut-throat business. With the emergence of digital downloading and online music purchasing, you can own your own online music business using various un-tapped online marketing and networking resources, and be up and running very quickly ,on any budget!
REAL People Are Generating Incredible Profits Using This Strategy
Start your own label. Did you know that you could reach “Gold” status (that’s 500,000 albums sold, by the way) on a “Major” rap label contract, and make as little as $39,000. Not exactly striking gold, eh? Yet, I know an independent hip-hop artist who made over $85,000 last year after he quit wasting energy mailing press kits out to every major label, and instead put his time and energy into launching his own independent rap label. Oh…I said “time and energy,” but forgot to mention “money.” Probably because he hardly had to spend any! He paid his $25 for a business license, bought a great record label tutorial program online for a whopping $45, and spent the rest of his time discovering creative ways to sell his music, mostly online. He also signed 2 other artists to his label, and other than the time he spent marketing their music, it really cost him virtually nothing to add these artists to his line-up. Yet, he made money every time they sold an album. He not only put himself in a better position as an artist, but his undeniable marketing success attracted other rappers who hadn’t been successful selling their own music. He could afford to give them generous splits on their music because he figured out how to run his label and nearly no cost, and keep his revenues high by discovering various untapped online marketing channels! The biggest benefit, aside from the money, is that he’s his own boss and doesn’t have to answer to anyone else when it comes to his content, marketing, or anything else related to his music. And in this business, such freedoms are extremely hard to come by!
The Bottom Line
If you want to own your own online music business without having to raise capital, build a studio, rent an office space and all of the other enormous costs that come along with such an endeaver, start an independent record label! As an Independent label owner, you have three major things to gain: your freedom (time and flexibility), money (no ridiculous “splits” with a major label and no middle man), and the ability to promote other artists and benefit financially from doing so. Everybody wins with a successful online record label!
Wondering where to start and need some guidance? Discover How You Can Own Your Own Online Music Business And Start Earning Profits Immediately With Your Own Record Label at: http://www.indielabelsuccess.com
