Starting a music label in 2023 can be an exciting and adventurous journey. Nowadays, it's easier than ever to start with it. In this blog post we show you 5 reasons why you should create your own label today.
Being your own boss and control over your music and branding
As the founder and leader of your own label, you'll have the opportunity to shape the direction and strategy of your company. You'll be able to release the music you love and believe in. With full freedom to design your own cover artwork, you have the opportunity to showcase your artistic vision and express the essence of your music through visual means. By putting thought and effort into your cover design, you can differentiate yourself from the competition and capture the attention of your audience.
Take the full revenue from your music
As a label owner, you keep a bigger portion of the revenue from your music, as you don’t have any middleman participating on the revenue share. However, it is important to know that there may be costs associated with releasing and marketing your music, such as recording and production costs, marketing expenses, and distribution fees. These costs need to be taken into account when considering the total income from your music. By carefully managing your expenses and maximizing your revenue streams, you can get the full return on your music as a label owner.
Release your music on your own schedule
Release your music at your own pace and don't depend on another label. In particular, larger labels have a long pre-planned schedule and sometimes you have to wait up to a year before releasing.
Give your unique music style its own platform
Giving your unique style of music its own platform is a great way to showcase your talent and connect with fans who share your passion for music. You may not be able to find a label for the genre of your music. With your own label, you can avoid this issue.
Step inside the industry and build your music industry knowledge
As a label owner, you have to dig into the music industry, which is a great thing in general for you as this helps you better understand the business and take away crucial learnings that can also help you succeed as an artist. To increase your knowledge of the music industry, you can start by educating yourself about the industry. Read books, articles, and listen to podcasts to learn from experienced professionals. Attend industry events and talk to people in the industry to build relationships and learn from their experiences. Finally, taking courses or earning a degree in music business or a related field can give you more formal training in the industry and deepen your understanding of the business side of music. By taking these steps and proactively educating yourself, you can expand your knowledge of the music industry and help your label succeed.
To begin your journey, you need to carefully plan and prepare. This includes researching the music business, determining your target audience and developing a unique brand and image for your label.
Ultimately, starting a music label in 2023 can be a thrilling and rewarding adventure. With hard work and determination, you can create a successful and thriving label that releases the music you love and connect with fans around the world.
Start your music label now with dig dis!