Business At A Glance
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No
Independent music labels have become a mainstay in North America, andthe rise in numbers of independent music labels rest solely with thecreation and subsequent popularity of the internet.
Independent musiclabels now have the ability to level the playing field with theirlarger and better financed competition by marketing new bands,performers and music online. Furthermore, never in the history of musichas there been such a wide variance of musical styles available to suiteveryone’s musical tastes–everything from jazz and hip-hop toelectronica and good ol’ rock ‘n’ roll. The key to successfullystarting and operating an independent music label will rest squarely inyour ability to secure the right musical acts and performers to sign,market and promote. The startup costs are high for this uniqueentertainment venture, but the profit potential is also very high.
Your customers are music-lovers all over the world. But you’ll alsoneed to attract the attention of performers and stores that might sellthe music.