how do i start my own record label?

Question by Laker since’91: how do i start my own record label?
i really want to start my own record label and sign artist. i have a few very diverse , talented artist that are friends of mine that work for free and i promote them at parties and all, but i want to make everything legit and official with contracts and an official label thats totally mine. what do i need to do to start this up and what fees do i need to pay. i am willing to put out $ 1000 to start. im 17 and i have a job at bestbuy. i make a reasonable amount of money and i want this to happen. this is not really a game to make a millions of dollars, this is a dream i’ve wanted to accomplish to put out quality artist that deserve to be heard by everyone. i have a good ear for all types of music and i write, but i just want to have a label that is solely mine to sign GOOD artist. i am begging for a serious answer and guidance, please. your help will be greatly apprieciated

Best answer:

Answer by Brenda M
The question is really about how to start a business… there are many things to consider.

Being an “agent” for other artists involves contracts (lawyer)
Are you going to build a studio ? or rent other studio space to have your artist record? what is your distribution marketing going to look like ? ~ how are you going to market your artists ?

Ask your parents if there is someone in their lives that has started and built a company. If yes ~ go and interview that person and talk to them about your idea in confidence. A good mentor in your life right now would be wonderful for you.

Study closely and do research (in depth) about a record label that you find interesting. See what worked for them and what didn’t work for them.

Ask your artist friends what they would expect of you as the record label company in representing them.

Love your enthusiasm ~ don’t let anyone extinguish it. There is great need for talented artists to be represented well.

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