If you are passionate about music, then you might as well consider a career in recording music. This will work best more so if you have experience in recording or have worked in a recording studio. Imagine a career that enables you to help artists fulfill their dreams and succeed in their careers. This kind of business will not only earn you the extra dollar; you will also get a sense of fulfillment.
It’s important to say that this job is also not a walk in the park, but with the right preparations and mindset, you can make it. The most important key is to invest as much time as possible preparing, studying, and learning the ropes to succeed.
If this business has always been on your mind, then you have come to the right place. In this post, we are breaking down for you tips you need to know to start, run, and succeed in operating a studio recording business. Let’s get into the details.
Skills Required To Run A Studio Recording Business
The most important skill that will take you to the next level in any form of business is passion. First, ask yourself if you are genuinely committed to this course before you start because, the truth is, you will work long hours with too much work, too much pressure, and sometimes no pay. It can only take a passionate person to keep it running even under such circumstances.
You also need to be experienced as a producer; this will come in place if you plan to record lots of bands. You need to have some basic understanding of mixing techniques and also know what it takes to make the best sound on a track.
You also need to be a people person; otherwise, how will you face clients that might potentially give you their business? There is no way you can attract people to your business if you do not know how to relate to them. Do you have proper time management skills? Can you market your business? If so, then you are good to go.
How To Finance Your Studio Recording Business
If you have finances, fair enough, but if you are short on money, then you might think of ways to finance your business. It’s not as hard as people make it sound. You need to be realistic about the needs of your business and consider the following.
- Utility bills
- Cost of premises
- Cost of consumables
- Wages for your employees and even yourself
- Paying for professional services like accountants, and so on
If you are starting from scratch, the following are the items you will need to start your business. With that in mind, you will need approximately $50,000 to $70,000, depending on the state you live in and how much the equipment costs. You will have to buy the following items.
- Microphones and stands
- Studio monitors
- Patch board
- Mixing desk
Choosing The Best Location For Your Business
Your recording business location can make or break your business. You need to be strategically located in a place where your target clients can easily find you. If you can find space in a commercial district, fair enough; however, to ensure that neighbors won’t complain of the noise coming from your studio, consider using acoustics to act as soundproofs.
If you plan to run a professional studio recording business, it’s essential to take time and study the industry. You should figure out how you will succeed before you open your premises. As such, do your due diligence, ask family and friends who have done this business before how they managed, and take a leaf.