How to Start your own independent record label

Starting an independent record label, like starting any other business, requires a well-conceived plan with clear goals. Check out this tutorial and learn how to take your love of music and turn a profit.

You Will Need

• A business plan

• Money

• A name

• A band or artist

• A recording studio

Step 1: Write a business plan

Write a business plan to demonstrate to potential investors that you know what is involved in running a label.

Step 2: Raise capital

Put together a budget, and raise the capital necessary to form and run the business. Funds can come from personal savings, loans from family or friends, bank loans, or investors.

Step 3: Choose a name

Choose a name for the label.

Check with local, state, and federal laws to ensure the business is properly registered.

Step 4: Contract a band

Contract an artist or band that makes great music and record their album.

Pick a band that is willing to tour. A record label suffers if the band does not tour.

Step 5: Contact the press

Submit the band's record to the press four months before the release date. This increases the chances of getting a review around the release date.

Step 6: Send press to distributors

Send any press about your label or its bands to music distributors.

Step 7: Make the album available

Have the album available in stores and online so the fans who didn't buy one at the concert can get an album with little hassle afterwards.