You Need Guidelines To Setup A Successful Record Label – Who Would You Meet (Don Jazzy or Olamide?)

Record labels are companies that market recorded music and corresponding videos.
They engage in a wide range of functions in the music industry, including new artistes recruitment and development (known as A&R, which stands for artiste and repertoire), music publishing, and copyright enforcement.

In Nigeria, we have:

Davido Music Worldwide (DMW)
Mavins Record.
Starboy Entertainment.
YBNL Nation.
Chocolate City.
Penthauze Music.
and a whole lot more. However, the aforementioned are more popular than the rest.

Starting a record label takes a little strategic planning. To be successful, an owner needs connections, influence, and money. The only way to build all three is with a solid business plan.

What’s a business plan? It’s a document that explains how a company will run, and how it will make money.

The average startup cost of a record label is between $200 – $50,000. But, for large labels, the average cost can be from $100,000 – $500,000. This cost usually varies from country to country.

Lets assume you want to set up one in Nigeria and needed a strategic plan to succeed, who would you meet?

You Need Guidelines To Setup A Successful Record Label – Who Would You Meet (Don Jazzy, Olamide or Davido?)
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