T
The General
New member
Been to all three, and in some areas the "n"-word is a no-no, and others it's the norm. Just like here in the US.
TDA
TDA
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I
illacov
Member
Any ways
To the guy that started this post...
to get a business is very very simple...going to the courthouse and applying for a dba takes all of 30 minutes and in NY State 40 dollars out your pocket or less...checking the registry for alike business names and signing off on your license.
You now own a company once you go thru with this.
You are able to employ people...and report their income taxes as well as write off things like interest on your mortgage if your business is located there among other things.
In terms of taking over the industry FUCK the industry.
Its a well known fact that plenty of people were making beaucoup bucks before they started working with the majors and went onboard either A to get more money or B to get the exposure and do less work.
In reality most of them should have stayed outside the game....because money makes all things possible.
Ludacriss could have stayed off of Def Jam and still had videos on tv as well as cds in stores...why?? Money
The profit sharing on an independent level can be beautiful compared to any other setup...Alot of indies dont run their companies this way but if you are in my position where you have people that are wanted by several companies...you can offer them things like 50 percent on sales for life and watch them twitch.
Oh but of course us small timers cant sell all that much product ...you know what?? AND?
Lets see... would you have a problem making 80,000 dollars USD in 18 months?? instead of $29,000 over 4 years?? Yes thats right..most artists dont get their royalties until YEARS after their album is sold.
But the sad part is that artist in the majors has got to at least go PLATINUM...to get that 29,000 dollars.
With the 50 for the company 50 for the artist scheme you're talking only 20,000 cds have to be sold for 8 dollars a copy in order for 160,000 dollars to be generated. Each entity...Company/Artist walks away with 80,000 dollars. Yes this roughly takes around 18 months to accomplish.. So that equals maybe 40,000 dollars in 12 months and 40,000 in the remaining 6. Who do you know that makes $40,000 in 6 months??
If you could find only 20 states in the USA where you could sell 1,000 cds...do you think you would have a problem finding them?
OK easy to say hard to accomplish...Bullshit. Prime example.. MIXTAPES...Mixtapes sell along the same lines. Why? Because they are easier to come by and the most important part...Mixtapes come to YOU. Most mixtape djs SELL ON THE ROAD. They dont pay stores to sit on their ass and market their product...they take those cds out and MOVE UNITS.
The sad part about the business is that the industry doesnt allow you to do this. You literally have to be at the mercy of the advertising/promotion machine they have in motion.
If you're independent you dont have to do that shit.
You can take your cds out and sell them.
Yes you have to travel.
But look at it this way. Returns on sales are IMMEDIATE...your artists could get paid once every 2 or 3 or 4 months or however you want to pay them and they can see the money coming in...along with yourself..
You could even offer your artists health insurance...yes it sounds dumb but do you know most major artists dont have BENEFITS??
KNOW WHY?
BK they're independent contractors...they are not employees of the record company that they work for.
Anyways..
thats basically how you start up a production company needless to say the company I run Mt. Olympus Records is 13 acts deep..we use 3 different producers and have 3 divisions of Hip Hop, R and B and Spoken Word..
If you want to learn some real information about the industry though dont listen to some of the cranks on this site man...go to www.MosesAvalon.com/url] the guy ...hat jackass fell asleep in management class??
To the guy that started this post...
to get a business is very very simple...going to the courthouse and applying for a dba takes all of 30 minutes and in NY State 40 dollars out your pocket or less...checking the registry for alike business names and signing off on your license.
You now own a company once you go thru with this.
You are able to employ people...and report their income taxes as well as write off things like interest on your mortgage if your business is located there among other things.
In terms of taking over the industry FUCK the industry.
Its a well known fact that plenty of people were making beaucoup bucks before they started working with the majors and went onboard either A to get more money or B to get the exposure and do less work.
In reality most of them should have stayed outside the game....because money makes all things possible.
Ludacriss could have stayed off of Def Jam and still had videos on tv as well as cds in stores...why?? Money
The profit sharing on an independent level can be beautiful compared to any other setup...Alot of indies dont run their companies this way but if you are in my position where you have people that are wanted by several companies...you can offer them things like 50 percent on sales for life and watch them twitch.
Oh but of course us small timers cant sell all that much product ...you know what?? AND?
Lets see... would you have a problem making 80,000 dollars USD in 18 months?? instead of $29,000 over 4 years?? Yes thats right..most artists dont get their royalties until YEARS after their album is sold.
But the sad part is that artist in the majors has got to at least go PLATINUM...to get that 29,000 dollars.
With the 50 for the company 50 for the artist scheme you're talking only 20,000 cds have to be sold for 8 dollars a copy in order for 160,000 dollars to be generated. Each entity...Company/Artist walks away with 80,000 dollars. Yes this roughly takes around 18 months to accomplish.. So that equals maybe 40,000 dollars in 12 months and 40,000 in the remaining 6. Who do you know that makes $40,000 in 6 months??
If you could find only 20 states in the USA where you could sell 1,000 cds...do you think you would have a problem finding them?
OK easy to say hard to accomplish...Bullshit. Prime example.. MIXTAPES...Mixtapes sell along the same lines. Why? Because they are easier to come by and the most important part...Mixtapes come to YOU. Most mixtape djs SELL ON THE ROAD. They dont pay stores to sit on their ass and market their product...they take those cds out and MOVE UNITS.
The sad part about the business is that the industry doesnt allow you to do this. You literally have to be at the mercy of the advertising/promotion machine they have in motion.
If you're independent you dont have to do that shit.
You can take your cds out and sell them.
Yes you have to travel.
But look at it this way. Returns on sales are IMMEDIATE...your artists could get paid once every 2 or 3 or 4 months or however you want to pay them and they can see the money coming in...along with yourself..
You could even offer your artists health insurance...yes it sounds dumb but do you know most major artists dont have BENEFITS??
KNOW WHY?
BK they're independent contractors...they are not employees of the record company that they work for.
Anyways..
thats basically how you start up a production company needless to say the company I run Mt. Olympus Records is 13 acts deep..we use 3 different producers and have 3 divisions of Hip Hop, R and B and Spoken Word..
If you want to learn some real information about the industry though dont listen to some of the cranks on this site man...go to www.MosesAvalon.com/url] the guy ...hat jackass fell asleep in management class??
T
The General
New member
illacov,
Finally! Commentary about the real subject here!
THANKS!
TDA
Finally! Commentary about the real subject here!
THANKS!
TDA
S
Single WOne
New member
Business start up
One word
OUTSOURCE!!!!!
To start you don't have to own nothing (studio). Build relationships and use other people stuff for a percentage. Save your money get registerd, Build a reputation, and there you go!
But I do suggest getting some kind of work station of your own to do your tracks with. That way you can prevent anyone from accessesing your masters
One word
OUTSOURCE!!!!!
To start you don't have to own nothing (studio). Build relationships and use other people stuff for a percentage. Save your money get registerd, Build a reputation, and there you go!
But I do suggest getting some kind of work station of your own to do your tracks with. That way you can prevent anyone from accessesing your masters