Hood records is an unusual but sustainable business model for a record label. Creating a professional, wellwritten business plan is the best place to start when setting up your own independent record label. Hip hop industry secrets revealed 1introduction putting out your own records and starting your own record label sounds very scary and overwhelming. This is an actual record label business plan you can use as a template to develop a workable plan of action and success for your label. A label used as a trademark or brand and not a company is called an imprint, a term used for the same concept in publishing.
There are t is important to create a brand and create rapport with customers that buy under that brand various musicians music. Thank you for purchasing the record label business plan template. How to write a record label business plan free template. This record label is what the future of music business. The record labels of the future are already here forbes. How to start a record label creating a business plan in 5. Founded in a basement in 1979, epic develops software to help people get well, help people stay well, and help future generations be healthier. Apr, 2011 being an independent recording artist vs working with a major record label dan shafer duration. Hood records is a portland based record label for a select group of portland based bands. This is because there are diverse things that you may be looking to start, and when you do start out, you can be sure to make good money in it.
How to write a record label business plan sample template. Starting a record label business record label means a record brand name company name such as sony true dream records. The best thing to do is set up a plan and find out what music genre you wish to work in and if you plan on doing things solo. Not all canned plans will work for the record industry, in fact probably very few will. Understand the business and do as much research as possible before jumping in. Record label business plan financial projection sample. The record company music label business plan startup and operating course, provides an extensive set of template, example and sample documents for starting and running a record company music label business and contains lectures on how to customize them. They will represent and promote local bands, produce, and distribute and retail music cds.
Starting an independent record label with no money sample. Nch software download free software programs online. It should be noted that there is no special software required to use these templates. File plan manager provides advanced management capabilities for retention labels, retention label policies, and provides an integrated way to traverse label and labeltocontent activity for your entire content lifecycle from creation, through collaboration, record declaration, retention, and finally disposition. Executive summary your executive summary is a snapshot of your business plan as a whole and touches on your company. The years of experience maintained in both the business and creative sides of record company operations will enable dja to generate profitable revenue immediately. The fully integrated music royalty accounting, label management and promotional system for record labels and distributors.
You will really understand the record label business, your competition and your customers. If youre looking to start a record label, youve come to the right place. No matter how big your plans or what kind of goals you have, no one is going to start a record label and become as big as artista records overnight. This document is uneditable, so youll need to create a copy in order to use this template as a guide and edit it for your own business plan. Whether youre creating a few personal gift tags or a full set of product labels, youll find the right canvas for your project. Hood records has adopted the business philosophy that for long term sustainable growth it will be more successful for the label to sign up just a few bands and promote them equally than to sign up a bunch and hope one is a commercial success, enough to float the rest of the bands. But their track record spoke for itself and we believed in. How to set up an independent record label bizfluent. Hundreds have used it, and ive received some amazing success stories of the funding and investments theyve been able to acquire as a result. How to start a record label creating a business plan in.
Record companies known as record labels because albums have a label indicating which company produced it take on a lions share of the work of the music industry. As with business plans, this marketing plan will evolve to show more detail and tools to better. The company plans to produce artists on four separate record labels. They sign, develop, record, promote, publicize and sell music. Organization of a record label how record labels work. Ampsuite offers an all in one system giving you all the tools you need to manage your digital music business. To assist you to get started with creating a business plan, try out the record label business. Record company business plan mission statement, executive.
If you are just beginning your record label business, or if you have not completed some parts of it, you will want to make sure to start spinning the deals in the right direction. Independent record labels can take off without a business plan, but youll need one eventually, so why not write one now, when itll benefit your business the most. Just because a record label has a name doesnt mean it will succeed. The secret to success, however, is in the business part of the record label. In recent time in the music industry, a larger percentage of recording artists have become increasingly dependent on record labels to promote them and increase their consumer base. As recording software becomes more affordable, starting your own music label is now a viable, lowcost business opportunity for music enthusiasts. You have always been there for me even when my assignment was last minute. In fact, you will find a simple confidentiality statement in. Label marketing plan below you will find a brief marketing plan devised for record labels who release consistent releases.
An imprint is sometimes marketed as being a project, unit, or division of a record label company, even though there is no legal business structure associated with the imprint. Make use of the ideas and formats, not the content. Writing a recording studio business plan sample template. These labels cover a broad spectrum of the music industry, from jazz, to contemporary.
As a new record label artist, you should also think about whether you will sell physical or downloadable content. Elements of a business plan creating a business plan for your record label. The fully integrated music royalty accounting, label. I could not have accomplished it without your help. My business plan is to set up a music record label 7th records that will be based in lagos, the capital of nigeria. Setting up an independent record label is incredibly easy. Jun 11, 2002 the point of a record management program is to give users the ability to retrieve records. Video webinars start a business subscribe books my account. The record label is multifaceted entertainment company that is currently. I want to record label business plan software take this opportunity to say thank you very much for taking record label business plan software this educational journey with me.
Access your free record label business plan template. How to start a record label business startup jungle. Of course, all those things happen before the album ever gets into the store. It will be a source document for future expansions and a bible that you and your associates will go back to. Overview of file plan manager microsoft 365 compliance. Create a tried and tested business plan that works, craft a logo that doesnt suck, get a unique label name that hasnt been registered on every social platform and get a distribution deal where you keep 100% of the royalties. The first step in setting up any business is to create a viable business plan. Your business plan will also need to explain how and where your records will be sold, and provide some background on those involved in running the label, listing previous work experience and positions held at other labels, for example. Use this free record label business plan template to quickly and easily create a great business plan to raise funding andor grow your. Music record label business plan template with example. Your business plan will also need to explain how and where your records will be sold, and provide some background on those involved in running the label. Raybuck, jack, an independent record label business plan 2018. A sample record label business plan template industry overview. Record label business plan financial projection sample sources of income dexterity record label company is established with the aim of maximizing profits in the music industry and we are going to go all the way to ensure that we do all it takes to attract music artists that will sign under our record label.
Based on the business model canvas, a conceptual tool proposed by osterwalder and pigneur 2009, this article will attempt to analyze these new options, showing the differences between the independent artists business models back then and now. This has been written based on our experiences with the plan proving to be successful for a labels growth and development. Download one of nch software s many free software programs in the audio, video, business, graphics, computer utility and dictation space for windows or mac. Get into the independent record label business from the entrepreneur list of mediapublishing business ideas. Graphic design professionals know how to communicate in a visual language. Remember to create a name for yourself and choose one that embodies your label. Youll definitely need one if you want to apply for grants or loans, and its a good idea to have one if you ask people to invest in your business. Well start with key record label industry fundamentals like how big the market is, what the key segments are, and how revenues and profits are generated. Dec 29, 20 how to start a record label creating a business plan in 5 min. Running a record label has always been highrisk with an unknown reward. Special attention will be given to the situation of the brazilian market. May 01, 2004 if you decide to purchase business plan writing software, be sure it conforms to your unique label and what you want to achieve with it. Hood records is a startup home business that aims to become portlands premier regional recording label. It will be a corporation whose major focus will be to capture the very talented but financially handicap artistsbands.
One of the most essential parts of setting up your record label is getting your finances into place. Music recording producer business plan sample executive. Record label business plan software marketing plan term. This record label is what the future of music business looks like. Putting together a business plan for your record label is a worthwhile endeavor. Record label in a box has everything you need to set up and run a successful record label as a business. Why you might want to start a record label newmusicbox. How to write a record label business plan free template back creating a professional, wellwritten business plan is the best place to start when setting up your own independent record label.
Owning a record label is basically about helping recording artists release their music album or singles to the general public and the process starts with agreeing on a deal or contract and then writing out the music lyrics before entering the studio to start work. Oct 15, 2016 the record labels of the future are already here. T he company didnt have a name yet and we didnt see a business plan. If you follow the record label business plan template above, by the time you are done, you will truly be an expert.