Starting and running a label

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alongwaltz
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Re: Starting and running a label

Post by alongwaltz » Mon Oct 20, 2014 9:37 pm

People who run their own label, what do you list as your title? Owner? Manager? Founder? Creative visionary?

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Trev
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Re: Starting and running a label

Post by Trev » Mon Oct 20, 2014 10:28 pm

alongwaltz wrote:People who run their own label, what do you list as your title? Owner? Manager? Founder? Creative visionary?
On Facebook I'm currently down as the 'Fool' at Odd Box Records.
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alongwaltz
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Re: Starting and running a label

Post by alongwaltz » Mon Oct 20, 2014 10:53 pm

Yeah, I feel pretentious giving myself a formal title. I'm getting business cards printed for a fancy event I'm attending, though, so I feel like I need to decide on something.

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Trev
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Re: Starting and running a label

Post by Trev » Mon Oct 20, 2014 11:04 pm

alongwaltz wrote:Yeah, I feel pretentious giving myself a formal title. I'm getting business cards printed for a fancy event I'm attending, though, so I feel like I need to decide on something.
On my business cards I just have my name and the label name (amongst all the contact crap, too). No title.
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Re: Starting and running a label

Post by Carys » Tue Oct 21, 2014 8:22 am

Do you guys put the label on your CV?

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Re: Starting and running a label

Post by Trev » Tue Oct 21, 2014 9:01 am

Carys wrote:Do you guys put the label on your CV?
Nope. Saying that I would if I applied for a job where the 'skills' were relevant. But my day job is really not related at all!
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alongwaltz
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Re: Starting and running a label

Post by alongwaltz » Sun Jan 25, 2015 3:24 am

Say you press 300 copies of a new release your label's putting out. You want the band to take 100 copies to sell on tour. They cost about $4 each and you sell them for $6.

Do you give them 100 copies and make a note that they owe you $600 in the future?
Or sell them the 100 copies upfront for $600?
Or sell them the 100 copies for $400?

With my label bands tend to be in charge of recording (however they see fit) and I put up all money for mastering, art, and pressing. I give bands copies of the release once it's done and trust that they'll pass any profits to me when they sell. Unfortunately I'm now in a situation where I have a stack of tapes from one band collecting dust because they stopped playing shows shortly after I put out their EP. Then I have hundreds of copies of another compilation sitting around because only 2 of the 13 bands on the comp ever bothered taking copies to sell. Combined that's close to $2000 of debt that's weighing things down and seriously impacting my ability to put out future releases.

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Re: Starting and running a label

Post by fika_recordings » Mon Jan 26, 2015 10:00 pm

All depends on what you agreed at the time with your artists.

Typically, I'd be closest to your third scenario: bands get copies at cost price, but on a sale or return basis. If we're low on stock we'll ask for some back, if they sell less on tour than they expect we'll take some back, otherwise the copies are theirs to do what they wish with, and we'll either take money up front (and pay back for returned copies), take money when they return from tour for copies sold, or put that liability down in their accounts to be offset against their share of profits from that release/album etc campaign.

Not quite sure I understand the issue you've got though... did bands just not want to take their copies? Were they under any obligation from you to do so? If you need them to take x copies at $y to make the release financially viable, get that stuff down and agreed before the release happens.

If it's just $2k worth of unsold stock you've got left (we've all been there...), then there's other ways to sell records than at live shows... get them online, get them reduced or bundle up different records at a discount, get copies in to stores at favourable prices, swap stock with other labels to do more local distro... Getting some $s for that unsold stock gets you closer to the next releases than boxes gathering dust...
fika recordings // a diy indiepop cassette label // http://fikarecordings.com

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Re: Starting and running a label

Post by Trev » Mon Jan 26, 2015 10:13 pm

Bands usually get 10% of the press at Odd Box for free. Then if they need additional copies I sell them at cost price/wholesale (no sale or return here!).

I've got mountains of unsold CDs and records. It's the way it goes.
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