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should i setup a music studio as business? (points for best answer)?

i was wondering, in your opinion, do you think it would be a good idea to setup a music recording studio as a business?

right now im in college for a criminal justice degree and plan on making a career in law enforcement, but ive always been very musically inclined and just passionate about music in general. Dont get me wrong, i dont plan on abandoning my current carreer path (as a matter of fact i plan on doing both if the money and time is there) and i have no illusions about how hard it is to be successful in the music industry and how artist make money (what little there is left to be made).

i myself am a musician and make my own music. after hours of editing and sampling, etc, etc, i find that i actually enjoy the process of producing a record itself. so naturally i want to possibly explore the possibilties of setting up my own studio (perhaps one day a label). im prepared to invest as much money as necessary to do this, i estimate it would take at the least a 10-15 grande investment (not including leased office space, and yes i know what i will need to set up a studio). i live pretty close to raleigh north carolina and beleive i would probably set up somewhere in the research triangle. i also plan on being the sole employee / owner (maybe hire 1 or 2 people if i make money)

what i want to know is, how hard is it for a recording studio to make money? would it be hard to attract business in the raleigh area? and how much do music studios typically charge to work with artist?

I GIVE POINTS FOR BEST ANSWER!

4 Answers

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  • 1 decade ago
    Favorite Answer

    I'm actually thinking about doing the same kind of thing, however i'm approaching it slightly differently.

    I'm gonna just start with a rehearsal room, but in a building big enough to eventually hold a studio as well. Sit back for a year or so and see how many bands in my particular area I can draw to a rehearsal room on a regular basis or whether I'd need to relocate in order to find more business, how much money I'm making/losing, whether there's any studios nearby that might take business away in the future.

    I think 15k would be enough for a decent setup, but then you've got the issue of soundproofing rooms, maintenance, any extra security, insurance etc. it all starts to mount up.

    I think setting up a studio as a young, unproven producer would be difficult, because no matter where you live there's always gonna be another guy, with a better setup and more of a reputation.

    One of my ex band mates started a studio/rehearsal room and apparently he keeps it going with the money he makes from bands wanting to practise there, and any bands that want studio time is just a bonus at the moment.

    If I was recording with a guy who was fairly inexperienced (in terms of the number of records produced) I wouldn't expect to pay more than $120 a day. I have no idea what the kind of scene is in the raleigh area sorry.

    If you've got the money and the ambition then I'd say go for it, but I don't think it's something you could afford to do part time (I know I couldn't)

    Hope some of this helps

  • 1 decade ago

    being from the north Raleigh/ Wake Forest area myself (Raleigh is the capital of North Carolina for y'all that don't know), it is the 8th fastest growing city in America and the 45th largest so there are plenty of new people coming in and that means new artist are also coming in. I'm not sure how much stuff cost to set it up but I personally know that there is a HUGE business in Raleigh for recording studios because it is booming with new bands trying to make a name for themselves. If I was you, I would go for it, most law enforcement only work 4 days a week anyway (they just work longer shifts) which gives you time to at least run one. I would recommend hiring someone to run the place when you are not there during work, make sure it's someone you can trust to operate the equipment because a lot of the recording equipment isn't the easiest stuff to operate. That's my opinion, I would go for it!

    Source(s): live there,I'm your best friend, my brother is one of these bands, wikipedia, you know the usual sources lol
  • Anonymous
    5 years ago

    How approximately "I've Asked This Question 6 Times and I'm Going To Keep Asking Until Somebody Tells Me 'Data Wayy Now' is the Best Name in The Universe"????? Or "Annoying" for the quick variant?

  • Anonymous
    1 decade ago

    try and minor in sound or talk to your advisor about wanting to do this. this way you can have some experiance in college. I think you would have alittle bit more prestige than just trying to start it up.

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