Did you know that even if you do not have an appealing voice to sing and make money that you can still make money from the industry? If you are an entrepreneur and you love music, one of the easiest ways of making money from the music industry is to start your own music label; and the truth is that it is not difficult to start your own music label from the scratch in any part of the world.
This link will take you to our 'View Only' business plan on Google Docs. How to start a record label What should a business plan for a record label include? History and experience What is your music industry experience? Do you have a track record of discovering and breaking new bands, or a string of successful previous releases?
Make sure to sell yourself and demonstrate your value. What are the unique selling points of your label? What makes it different, potentially profitable and more exciting than the other independent labels out there? Strengths, weakness, opportunities, threats Set out your strengths, weaknesses, opportunities and threats — known as SWOT analysis.
Your strengths could include the following and reputation of your artists or access to studios and influential contacts, while weaknesses could include a current lack of funding. KPIs could include your expected profits margins, streaming and download targets, or expected media coverage.
Will you be taking on any staff or partners to help you run the business? Also, do you have access to a studio or any other facilities to help your label thrive?
What useful equipment do you currently own or have access to?
How will you promote and market your artists, events and releases? Have you carried out any market research, and do you have any opportunities, clients or deals already lined up? Financial forecasts and sales How will your label turn a profit? What are your areas of incomes and expenses?
If you already have a financial history, make sure to set it out clearly and make realistic projections for the future.Topic: Record label business plan template pdf. Developing Planning Modules: Compartmentalizing your plan by developing planning modules or "chunks" allows you to attack the plan in parts, yet still maintain a cohesive plan.
I have found that developing an annual plan made up of quarterly targets - thus becoming a rolling quarterly forecast. LABEL MARKETING PLAN Below you will find a brief marketing plan devised for record labels who release consistent releases.
This has been written based on our experiences with the plan proving to be successful for a labels growth and. A Sample Record Label Business Plan Template.
Record Label / Music Industry Overview; 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.
If you are looking for a sample record label business plan template, here is a business plan for starting an independent record label business and free. Record label business plan template pdf record company business plan mission statement executive summary pricing negotiating stock contract for a record label.
Record label business plan sample pdf Hood Records is an unusual but sustainable business model for a record label. The company has been founded by Hillary MacQuilliams as an.