For those looking to start a recording business, there can be a sizable investment, depending on the type of operation. But even with the simplest of recording studio set-ups, expertise is paramount to success.
While modern computer-based home studios are much less expensive than in the past, a commercial recording venture requires professional grade equipment and facilities beyond that of a typical home setup.
Recording studio businesses make the bulk of their income by charging hourly rates for use of the studio and personnel required to run equipment.
Below is a list of how to Start A recording Business
1. Take courses in studio engineering at a music college or recording school. Alternatively, you may work or intern at a studio to gain the required knowledge and experience.
2. Prepare a business plan that includes the type of recording business you wish to start. Include the necessary equipment and space, the initial investment and income needed for operation and how you will market the business. The U.S. Small Business Administration provides resources for business plans and other start-up advice.
3. Design your recording space layout, based on the size and type of the operation, and search for commercial rental space in local classified ads or through a rental agent. If you plan to operate the business from home, inquire at your town hall as to the legality of operating the business in a residence.
4. Compile a list of the necessary equipment and purchase it from a music studio equipment retailer. Consider developing relationships and purchasing from local retailers, as they are a prime source for business referrals and will be able to provide personal service and advice.
5. Register your business name and obtain a business permit from your town hall, apply for a tax identification number from the IRS and a tax certificate from your state business office. If the business is structured as an LLC or corporation, file the necessary paperwork with the state. No special license is required to operate a recording business.
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6. Build and soundproof your recording rooms and set up your recording equipment. You may choose to hire a recording studio designer if you are inexperienced in room design and equipment set-up.
7. Purchase marketing materials, such as business cards, invoice forms, stationery and brochures, and pass them out to local bands, music stores and music schools. Consider a direct mail campaign to record labels and producers. Mailing information can be found in music business directories and online.
8. Purchase a domain name and web hosting package from an Internet company. A web site is optional, but may be helpful in marketing your business.
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