That’s what I think
Let’s assume I have a starting sum of money to launch my business. (Anyone can say exactly how much should I have?)
Let’s also assume I’m an aspiring sound engineer, my sister is an aspiring musician too (gets good results), my friends are musicians as well. So we see there IS a studio with all essential things within it (pro equipment, stuff). Let’s go ahead.
We do all formalities like registering, signing contracts to turn it all legal.
Then we start working on our projects.
Let’s imagine we recorded a real masterpiece – our first Record Label’s CD.
Then we think of that notorious Promotion. What we do? Firstly we register our materials within the copyright office and affiliate with one of the performing rights organizations. We offer our hit songs to radio stations and those guys think its their format and do a try. Let’s imagine we get somewhere some more money to shoot the first video (as a support) for our ‘child’. And… Bingo! People like it. They request it all the time!
Yeah, it didn’t take too much money but you see – if it’s good, its good (we just created the very great hits!).
As people are interested they want to listen and to see and just to know more ‘bout our ‘product’. So we get connections in television, the press. We get more and more royalties (a pleasant thing, right? )
So why not sign a contract with an agency booking gigs and perhaps tours? We know our project is successful enough to invest more money for deriving benefit in the future… You see and so on and so forth…
Finally we have: money, credits, Name and experience. These are essentials for getting power as a Record Label. We don’t stop but keep investment of our creativity, experience and money in other projects. We grow more and more and can afford guiding our own RL’s departments…
Ain’t a greatest-bestest road to a full-fledged Record company? So you see the biggest part of success depends on those ‘Hit songs’… and some starting money and… may be something else? Share Your thoughts.
And if you think I’m just a naive 18 –years-old girl that goes crazy from her dreams, in all 100 per cent you’ll be right.
PS: and please forgive my English, OK?
Cheers,
Sasha