What do you want to become?
But even with the simplest of recording studio set-ups, expertise is paramount to success. Mobile recording studio business plan 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.
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.
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.
Small Business Administration provides resources for business plans and other start-up advice. 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. 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. 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. 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.
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. 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. Things Needed Local business permit and state tax registration certificate Recording space Marketing materials business cards, forms, stationary, brochures Web site optional Tips There are many types of recording businesses.
Some are set up to record single artists or bands, while others cater to orchestras, recording audio for film or television and other markets. Partnering with established record labels and producers can help build your business credibility and provide a regular income stream.
Consider catering to specialty markets to increase your chance of success. Examples include bands, acoustic solo musicians, karaoke recordings, electronic music artists and hip-hop beat creators.
Warnings Flexible and extensive studio equipment and space will allow you to serve multiple markets, but will also increase your financial risk due to the larger investment.
Always collect a deposit when booking recording time and require payment in full upon completion of the session. Never allow recordings in any form leave the studio until full payment is made. Consider accepting credit cards as a payment option to eliminate the risk of bounced checks.Recording Studio Business Plan – Financial Projections and Costing.
The cost of setting up a recording studio business to a larger extent has reduced from what it used to be; many thanks to the advancement of technology and perhaps the internet.
These days it is now easier to see people set up recording studios in their house.
This article chronicles the business decisions I made from the start of my recording studio business alongside thought process and client facing methods I have developed over the years, with the aim of helping those considering starting a recording studio business or those in the early stages of running a recording studio business.
Jan 23, · Hello, I'm writing up a business plan for a small mobile recording setup. However, I can't seem to find any Recording Studio business plans to reference.
Create a Business Plan in minutes using a step-by-step template. I recently did a 4 hour recording session at a local studio that has two setups - large studio and small.
The owner says he books between 35 and 70 hours per week . An Innovative Recording Studio Goes Mobile The best artists in the business want to lay down their tracks at Allen Sides' Ocean Way Recording.
Now he's taking his state-of-the-art studio expertise to them.