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Exactly How To Start a Record Label is quickly becoming what many wanting to get piece of the music industry pie are looking to learn.

Hey, with the global music industry being a $48 billion dollar per year business, independent label production being a $12 billion per year industry, and many record label owners becoming the focal point of this money-making industry, if you can quickly and efficiently learn the ins-and-outs on how to start a record label you'll no doubt be tapping into a gold mind that grows by leaps and bounds every year.

Now, you have to have an honest view of what starting your own record label business entails: there is no overnight success in this field. This is because you stand to compete against major labels and other independent record label producers.

However, if you know what you must do to make this happen, in a step-by-step format, there's truly nothing that can stop you from reaching your goal, nothing but yourself.

Keep in mind that 99% of those wanting to get into this field simply have the desire, but they don't have the knowledge.

They just know the type of music genre they'd like to get into, etc., but they don't know the first step into physically making it happen.

Here are some questions, factors, and qualities you must have to Starting a Record Label:

Money To Start A Record Label:

Yes, this is the a big one, if not "the" big one. Make an estimate of what you would be selling and how much you would charge for it.

Ask yourself these questions:

• If you are going to employ outside artistes, how much are you going to pay them?

• After payment to them and estimated costs, what is it that you are going to make for each CD that you sell?

• Estimate these figures.

Type Of Business Your Record Label Will Be:

You must "incorporate" your business to cover yourself legally. You, you'd like to get right into the recruiting of musical talent, getting your name out, and start spitting out records to the market.

But before any of that can happen, you must be legally backed. You don't want your record label to take off, and then all of a sudden the government or some individual come knocking on your door serving you with some type of legal papers because you may have violated some type of law.

Cover yourself.

There are several forms of business that you can incorporate:

• sole proprietary

• partnership based (if you go with this type of incorporation all the terms and conditions of partnership should have been drafted as agreement stating the liabilities and responsibilities of each of the partner)

Then, you must go on and obtain a business license, which can very easily be done from the city or county business license office.

Other Factors To Consider To Start A Record Label:

• The distribution of the music itself.

• The managing of the recording.

• What name you're going to select to call the record label, and how to legalize that as well at Registrar of Deeds office in your state.

• The bookkeeping.

Qualities You Must How To Start Your Own Record Label:

You must be a very passionate person at what you're doing and be able to promote yourself, the record label, and all of the talent.

Again, these are just some of the questions, factors, and qualities that you'll need to either answer or have in order to start your own record label and claim your piece of the $48 billion dollar per year pie!