Is This A Business or A Game - Pt 3
(Rap Newswire) March 13, 2006 - Most important of all is the staff that SHOW OFF RECORDS must utilize to accomplish the type of marketing and promotion they will need to place product into the mainstream. Staffing should consist of a primary industry professional (consultant), an office Manager and at least 3 office workers all who should be computer literate. Duties will include communication between retail, radio, pools, clubs, publicity and industry contacts on a weekly basis. The ability to get promotional product out and to follow up on the product sent. And the ability to get information on upcoming shows, festivals, events, parties and station promotions, disseminate it to the staff and keep the lines of communication open between record label and ALL others.
Unfortunately what I am finding more and more of is the young entrepreneur who really only desires the fame and popularity associated with the entertainment industry and not the basic business acumen needed to initiate and maintain a viable entertainment business.
“BALLIN” has become a game of one up man ship to see who has the brightest “iced out jewelry”, biggest most expensive cars and the latest fashions. Who can market themselves into a major deal yet not have any professional team available to maintain a deal.
Recently I spoke at a conference and during a private networking session I was asked how to just “jump over” all that old fashioned business and go directly to having a major record deal. My response was that it would be really easy to do if you have met someone in the position of power at the major labels that wanted to immediately sign you and spend their money on making your career. The only issue I can see would be in how you will keep a deal of this magnitude without chosen individuals around you that know the business, have connections and will work on your behalf to ensure your continued success and well being.
In other words where is your trusted team?
Why not develop the business structure you will need now, acquire your trusted team, develop your database of industry connections and prepare yourself for success.
Here is a basic Record Label startup expense sheet based for a six (6) month plan. The difference between the two expense sheets is phenomenal.
Office Rent 9,500 Lights 1,200 Multi phone line with paging / intercom / hold system 3,000 5 lines with Account codes 1,500 DSL 600 Hardware
Microwave oven 200 Coffee Pot 50 Stereo system 1,000 DVD system with monitor 1,000 Copy machine 250
Computer (5 each) 5,000
Pentium 3 or better 40 gig hard drive 17” monitor Laser printer Multi function printer/ flat bed scanner / fax 3D accelerator Sound cards with speakers Microphone Video camera DVD / CD player DVD / CD burner Server system for marketing, promotion teams 5,000
Software Microsoft Office XP Professional 800 Right Track royalty / accounting 3,000
Salaries Professional Consultant 50,000 Office Manager 19,500 Office Workers (3) 39,000
Total 142,600
This does not take into consideration studio costs, producer fees and individual artist costs, but now you still have money to create product, test it, sell it, market and promote.
So my question becomes IS THIS A BUSINESS OR A GAME? Why venture into the entertainment industry if what you really want is your personal 15 minutes of fame. The duties of a record label are to produce, manufacture, market, promote, sell and collect monies on the music that is created by the company. Anything less is not a record company!
This article/press release has other parts. To located the other parts, click the name of the author located in the right column located under the contact information.
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Allen Johnston
The Music Specialist
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305-829-9010
Author: The Music Specialist
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