Olive said:
. . . in your opinion, is there a market out there for low cost demo recording? Say for smaller bands that want there music recorded and to have their own cd, but can't afford time at a pro studio? Something to sell at their gigs and show their moms. Essentially offer a decent product at a reasonable price.
Or should you just admit to yourself that you do this cause you like it and accept the fact that a home studio is basically a sink hole for time and money?
Interested in your thoughts and opinions.
Brad
A little of both, actually.
In order to make something like this work, you've got to have a unique gift for recording . . . a unique gift for business, and for networking. Basically, what you're talking about is going in to business for yourself as an independent contractor or whatever.
The obvious downside to it all is that it takes a lot of time before you can develop a steady enough client base in order to support yourself . . . and it takes a lot more money to operate the business than you might think. Starting a business, no matter how small or modest -- is going to cost some $$. No way around it.
And unfortunately, as I'm sure you've guessed, you're not going to make a lot of money with a low-price strategy and serving that particular market. For one, your clients aren't going to be loaded. The referal business you get from them -- mostly their friends -- aren't going to be loaded either.
In the long run, the only strategy that will work with that business model -- and with any kind of low cost model -- is to ensure that you're busy . . . constantly. And in oreder to ensure that you're constantly busy, you have to advertise and get your name out there. Which again costs money. . . . which you're not going to be making a lot of, unfortunately, with a low-cost strategy.
Ultimately, if your goal is to actually make enough money to have a somewhat normal life, you need to look at other audio-related avenues besides music or bands. These aren't necessarily going to be glamorous or fun things to do day-in-day-out. Think audio books, producing low-budget radio comercials . . . or sound design for independent films. Find something unique, like recording glee clubs or church choires -- Which again places you smack-dab in the middle of a market that basically has little to no money to spend.
It's a tough gig, and I'll concur 1000% with everything Ronan is saying. He's really straight-shooting on this one.