Want to start an online songwriting business from scratch? Or do you need a sample songwriting business plan template? If YES, then I advise you to keep reading.
There is no doubt that you have probably heard so many beautiful songs with great lyrics. Many of these songs have won almighty Grammy Awards and have gone as far as evergreen because, when listened to, they sound as fresh as the first time they debuted on the charts.
Did it take you a while to stop and ask if these singers really wrote the songs themselves? However, the reverse may be the case for songs you have listened to and on which ‘hell’ he said, “what a terrible lyric this is.”
If you’ve criticized the lyrics often or continued, or if you can rehearse over and over again how well you can write lyrics and there’s a good chance you’ve got a talent for songwriting, which means you’ll have to maybe think about doing this business.
So how can you start your own songwriting business? Here are some tips to help you get started with songwriting.
Starting a Composition Business – Sample Business Plan Template
1. Conduct a feasibility study
It is very important and necessary to conduct adequate research on what you will be faced with before taking any action. It helps to know the complex information you need to seriously start your songwriting business. Browse the Internet to find out how you can do this. Determine what you might need for this. You can also buy books on the subject so that you fully agree with what this type of business entails.
2. Examine the ropes
3. Get to know some musical instruments
This will come in handy if you are learning to play certain musical instruments. tools. You can do piano, guitar or drums for beginners. This will put you in a better position as you will be able to please your customers if they know that besides writing lyrics, you can also compose a melody. By doing this, you can be sure that much more than working with established stars, you will be able to work with a host of new talent who could go a long way in attracting attention.
4. Obtain the name of the company
It is very important that you find a name for your business. Take a pen and paper and find as many names as possible. When you have about five or more, it’s time for you to limit yourself to the last two. Remember, this name should be catchy and represent your songwriting business. After that, you can finally choose the name and the name you want your business to call
5. Register your business
Now that you have a name, it’s time to go through the necessary registration and documentation in the appropriate circles. Depending on the situation in Nigeria, you can independently go to the Corporate Affairs Commission office and get the relevant documentation. As in other countries around the world, it doesn’t take a lot of money to register your business in Nigeria. You may want to decide if this will be a sole proprietorship or a partner business.
6. Buy a computer
In order for you to advance in songwriting, you may need to purchase a desktop or laptop computer. Writing songs requires a computer environment, so it cannot be negotiated. You may also need to be aware that high speed internet access is very necessary. The Internet would be useful in this sector because its use cannot be overestimated.
7. Create demo CDs
Now that you’ve learned how to play musical instruments, you can also create a demo version of your lyrics and melodies. You can accomplish this even more by making multiple copies of your demo CD and distributing it to potential customers.
You can distribute it to movie companies, music companies, and TV companies. You can also use social media to promote your marketing. For example, you can email potential customers, or you can also tweet music stars representing who you are and what you offer. This also applies to future talents.
8. Hire an expert
Remember, you are a beginner who is just trying to find your foundation in the industry. At this point, it would be very important that you hire experts. You may need to visit several studios in town where they have top notch production skills. This is so that you understand what they have come to master. You have to be prepared to learn the ropes as you sit under the care of this expert, watching everything that goes on.
The songwriting industry is a silent business. Study the lifestyles of those who wrote for musical legends and you will find that it is worth venturing into this type of business. However, remember that it takes hard work. This is because no one has succeeded in building a successful business without working so hard.
Make your hard work your motto by starting and growing your own songwriting business and you’ll be glad you really did.