reinvestment
reinvestment
Hey all studio owners/ producers/ engineers
I'm producing my second record but it's my first gig to get paid for. I'm very financially conscious and I'm wondering how much of the money I make should be reinvested into gear/ tools that make my job easier, more efficient and hopefully make my recordings sound better. Does anyone know of a common percentage that they put aside for this?
Thanks!
cjac9
I'm producing my second record but it's my first gig to get paid for. I'm very financially conscious and I'm wondering how much of the money I make should be reinvested into gear/ tools that make my job easier, more efficient and hopefully make my recordings sound better. Does anyone know of a common percentage that they put aside for this?
Thanks!
cjac9
Are you relying on that money for personal rent, food, insurance, etc? If you meet all those bills already with another job and this is something on top of that, and assuming you have aspirations to move further and further into producing/recording, then I say invest 100% into equipment if you feel that you need new stuff.
- JohnDavisNYC
- ghost haunting audio students
- Posts: 3035
- Joined: Fri Oct 03, 2003 2:43 pm
- Location: crooklyn, ny
- Contact:
-
- zen recordist
- Posts: 10890
- Joined: Mon Jun 16, 2003 1:26 am
- Location: Charlotte, NC
- Contact:
You're original post is kind of vague, but have you considered reinvesting in promotion at all? Like making sure that people actually know about and hear your record so that it generates more interest and/or income for future "reinvestments." That's a big step that I see a lot of people leave out. Maybe you've got that covered already. Just checking.
Chris Garges
Charlotte, NC
Chris Garges
Charlotte, NC
I do rely on other income to pay rent etc. So I'll start considering reinvesting.
The band that I'm producing is very business minded and I expect the record to do well for the level they are at and that people will hear it. I'm going to let them worry with that end of things as I feel it's out of my job description.
Thanks
The band that I'm producing is very business minded and I expect the record to do well for the level they are at and that people will hear it. I'm going to let them worry with that end of things as I feel it's out of my job description.
Thanks
-
- buyin' a studio
- Posts: 980
- Joined: Sat Jun 03, 2006 10:38 am
Well, to take that promotion idea in a different direction, how about investing some of the money that way? You could ask the band if you can use clips of songs as demo or portfolio material, to show off your skills.
Also think about advertising in your local weekly, business cards, and a website. These all cost money, too.
Also think about advertising in your local weekly, business cards, and a website. These all cost money, too.
Who is online
Users browsing this forum: No registered users and 95 guests