Music Business Plan Sample

It takes relentless work ethic, long term vision, music industry expertise, non-stop hustle, entrepreneurial spirit, top-notch marketing skills, in addition to making dope music, in order to grow and succeed.To be successful as an independent hip hop artist in 2017, you need to set realistic goals and work your way through achieving them.

It takes relentless work ethic, long term vision, music industry expertise, non-stop hustle, entrepreneurial spirit, top-notch marketing skills, in addition to making dope music, in order to grow and succeed.To be successful as an independent hip hop artist in 2017, you need to set realistic goals and work your way through achieving them.

How will you maintain a good relationship with your target audience? Having a marketing plan will provide a comprehensive overview of all your promotional efforts and how they’re helping you reach your goals.

How do you plan to attract your target audience, engage with them and develop new fans?

As a way to diversify income streams, many independent artists also have side gigs in addition to their own such as graphic designing, producing, songwriting to make extra money.

You can also list all the music products you have for sale – for example, you might have three albums currently on i Tunes and Spotify.

You can also list all the merchandise you’re currently selling.

Do you have a particular pricing strategy for your products or services? How does your target audience value your products or services?

Your business plan should set realistic goals, address any issues early on, and develop a clear path for the future of your record label.

A solid business plan is also essential when you come to secure loans or new investment in the future.

Will you tour and promote via radio and podcasts after you release your project?

Will you be focused exclusively on social media or will you be mixing in face-to-face engagement as well? What portion will you be seeking from other sources?