Five Steps to Protecting Your Music and Your Money
Author: Jeromie Frost
There are a lot of independent labels out there waiting to use
a talented musician to make quick money. The offers may seem
hard to refuse, especially if you are a struggling artist or
band that has struggled to get a record deal. A little money and
exposure may seem great for the moment, but you run a high risk
of getting contractually bound to that record label for the rest
of your life. If a better deal comes along later, you may not be
able to accept it, or you may get robbed of your rightful
percentages. All of this I learned the hard way. I was very
fortunate to be able to get myself out of trouble and get a
fresh start in the music business. I also took time to educate
myself through books and the experiences of others, as well as
my own, to conceive a plan on how to avoid a repeat of what
happened once before. This plan I believe will be very helpful
for you ambitious artists pursuing your dreams. It is put into
five easy steps, but make sure to read the details listed within
each step.
- Copyright your music
This is one of the most important things you can do to protect
your music. Take the time, fill out the forms. There have been
many instances where a person wrote a song and nothing ever came
of it. Years later a signed band steals their song and remakes
it. The original artist had it copywritten and sues the other
record label for thousands if not millions of dollars. Instant
riches! Protect your tunes.
- Understand what you really want from your music
Figure out whether you are looking to sell your songs to record
companies, or be the band and artist who performs the songs.
There is good money in just writing songs for other bands. Ask
for a percentage if that is your decision, because that will
generally make you much more money in the long run than an up
front payment. The only thing you sacrifice by writing instead
of performing is the fame and exposure. Also, determine how much
you stand behind your music. Are you willing to allow the record
company to make several changes to your songs and try to mold
you into "their sound"? How much do you believe in your product?
- Get a contract lawyer and agent
You need an agent to represent your band to the record labels.
This person doesn't need to be an established agent in the
business. It can be a friend or relative if they can talk
assertively and won't make any quick decisions without
consulting the band. The record companies only want to talk to
one person, not three, four, or five members of a band. It gets
too confusing for them and they don't have the time. Make sure
they are looking out for your best interests and not theirs. A
contract lawyer is especially important. Just call around and
find a local lawyer who specializes in contracts. When it comes
time to sign the dotted line, make sure the lawyer is by your
side. Don't sign any contracts or documents until you and your
lawyer have taken time to read them thoroughly and make a
decision. If a record company is rushing you to sign any papers,
walk away. Patience should be allowed to you if they are truly
interested. If they rush you, they are planning to manipulate
you.
- Promote yourself tirelessly
Artists have been discovered a number of different ways. Every
band has a different story. Use every media avenue you can to
expose yourself nationally. Unless you live in L.A., New York,
or Atlanta, local exposure isn't going to be enough. Think big
with your music!
- When offers are made, research them well before committing
Don't take the first offer made to you, only unless it's a major
record label and you researched what they offer very well.
Signing bonuses are nice, but long term percentages are most
important. Every artist gets a different percent with their
label. The longer you have been in the business, the better your
percents will get. Don't get too greedy. Aim high and let them
work you down. Twenty-five percent on the total profits on you
album is very high. Most bands don't get that. Remember, the
suits and ties are the ones who make the big money. Without
them, you are just selling CD's out of the back of your trunk.
If you don't write your music, your percentages won't be near
twenty-five percent. Singer/songwriters make more money.
Good luck as you venture into the formidable music industry.
There are several independent labels that are legit, but there
are thousands of them that aren't. Be careful and try to follow
these steps listed above. I hope you can gain good fortune using
these five steps.
About the author:
Jeromie Frost is a singer, songwriter and recording artist.
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