Tuesday, August 19, 2014

Music Business/Law Tips - "House Concerts"

For a touring band that maybe is new or needs to fill in some gap dates, house concerts are a great way to stay busy, make new fans and generate income. Normally house concerts are promoted by a fan/host and will happen at a private home or backyard. Due to sound restrictions such shows tend to be unplugged/acoustic oriented. Make sure to get a few simple things in writing with the host, such as: (1) the band gets to keep all the merchandise and other donation monies fans pay at the show, (2) the host is liable for any damage to property or person on the premises, and (3) the host will provide food and drinks to the band. Ben McLane Esq Benmclane.com

Sunday, August 3, 2014

Music Business/Law Tips - "Business Plan"

If an artist is independent and is seeking money to record and promote an album project, they will need to create some sort of “business plan” to entice an investor to back the project. There is not one way to go about it, but any proper business plan should include the following basic sections: -Bio on the Artist -The amount of funding being sought -How the investment will be used (i.e., recording, touring, staffing, promotion) -A market analysis of the artist’s genre/niche (i.e., rock, pop, country) -How the artist plans to earn income from his/her career (i.e., sell records, tickets, merchandise) -Financial projections on the return on investment (be realistic and note cannot guarantee success) Ben McLane Esq Benmclane.com