Many newcomers to the music industry aspire to run their record companies efficiently, but the lack of proper software can hinder this efficiency. Without the right tools, company growth stagnates, breeding discouragement. Starting with the right programs is essential; otherwise, you risk exhausting your initial investments.
Managing a record label is complex, with challenges ranging from finances to social media. Running the Music Money Makeover Show and a publishing company on the side, I've tested various software tools to bring you the best for your label.
Plan:
Catalog Management
Royalty Management Software
Your Music Distributor
Microsoft Excel or Apple Numbers
Finance Management
QuickBooks Online
Social Media Management
Metricool
Analytics
Chartmetric
What if I can’t learn all of this software?
Yes, you can! If you want to succeed, you will learn how. When you can't do these tasks anymore because you're expanding and time is limited, hand things off to your assistant, in-house admin, manager, accountant, or social media manager.
I just want to make music. Won’t this take away from that?
Music doesn't sell itself. Doing things for yourself with these applications won't take as much time as you think, especially if you utilize them in the beginning when you have no traction.
All of this costs money?
All of this software put together on a monthly basis costs you one Saturday night a month! Besides, it takes money to make money, right? And… scared money doesn’t make any money, right?
Get Busy
Learn the software, put a plan together, and get moving!
Check This Out!
If you're a music creative or executive looking to build your label or publishing company in 60 days or less, grab the 60-Day Record Label Course and get it done today! You’ll gain the ability to get real funding, avoid contractual pitfalls, and keep the middleman out of your pockets. Click the link below to get started now! If you’re skeptical, grab the free guide, "10 Ways to Increase Your Record Label Profits," which comes with a free split sheet download.
That Ends In Success
Establish an order of operations so your label will run smoother
Speed up the flow of money so you can make more profit
Monitor analytics so you can make better projects for more cash flow
That Ends In Failure
Wallow in confusion
Create more headaches and roadblocks
Stifle future growth
Conclusion
Transform from a DIY record label into a fully functioning record label that works for you to build a lasting legacy. By embracing and mastering the right software, you can streamline operations, enhance your creative output, and achieve the professional success you've always dreamed of.
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