Just saw this one come through as a comment to an earlier post...
i have a radio promotion company wit distribution thats willing to give my company 75 percent of the retail price and take my single and promote it to the national chart radio stations i just need somebody to invest into my company
Not exactly sure if he's talking about radio promotion company that is going to charge him 75% of the normal cost of promotion or, considering he mentions distribution, if there is some other kind of deal, where he's able to keep 75% of the retail price of albums sold. Either way, my point is this...
You can't really expect somebody to invest money in your business if you're not willing to invest your own money (or at least time and sweat equity) first.
Now, it's quite possible that this guy has put a ton of his own money into his music business, but the comment above, which I've posted in its entirety, doesn't let people know that. And even if he hasn't invested money, I'd still like to see something which says he's invested time and effort...and let's me know I'll get something in return for my investment.
A better pitch...
David-- I've got a band which plays music similar to New Order and Joy Division. We've pressed 3000 CDs and sold about 2500 of them, mostly via live gigs. Right now, we're doing about 6 shows per month and we work 10 different markets, with a plan to increase to 15 markets via gig swaps and college radio promotion. Looking for somebody who would like to invest in our band with a loan of $5000, which would enable us to finish our current recording project, which is in progress, and step up live gig promotions. This person would own a percentage of master recordings for our new album and, depending on the agreement, we could pay back the loan as early as 18 months.
Just a rough idea of something, which is more specific. And this is all it would take for you to get the money you need from friends, relatives, or others you already know. No reason to go with somebody who is already in the music business, although it may make it easier for you to sell the idea.
I'm not looking to invest money in bands specifically, but I'm always looking to invest money in something where I'll get a return on my investment. Most people are. Find them and go for it.
With that said, it will probably be better for you to just get a straight loan. No reason to worry about handing over a percentage of your copyright.
Use what I said above and take a look at this service...
okay,but the answer is not satisfactory enough.how can i market my artistes albums and beat piracy,thanks,nice site.
Posted by: adeoye | April 25, 2008 at 10:09 AM
haha oh I get this stuff almost every day - most usually from rappers, hip hop guys.
Usually comments on myspace like "can u plz help us?"
recently I was a little stern with someone who txted me wanting to enter into a revenue sharing arrangement which I regret now, but surely anyone with an ounce of professionalism would initiate such a contact by email or phone and would at least introduce themselves.
hey that last top 10 list post was awesome too man, cheers!
Posted by: Matt @ Kurb | April 28, 2008 at 06:18 AM