Financing a Rap Album

I wanted to write about financing a rap album.  Traditionally, artists have gone through labels to acquire funding necessary to create and produce a major release.  However, the current industry is offering artists alternatives to labels.  This financial plan, available for download, allows artists to receive financial backing through private investment.  The entity provides funds in exchange for something of value, typically equity in the company or points on an album.  In exchange for this “value,” artists receive funds from an investor to record, press, market, and promote their album.  This is a contractual obligation, and does contain guidelines, restrictions, and safeguards to protect the investor.  

Feel free to download this sample financial plan, originally crafted for The Chopper City Boyz, or contact Andy Beal at realdeal.choppercity@gmail.com for more information regarding financial support for your album.  I hope this provides ample insight in the preparation and work that goes into financing an album.

When presenting this to an investor, you want to keep in mind that you are asking for THEIR money, you need them, they do not need you.  If you are presenting your offer, give them something they can sink their teeth into.  You must have numbers that SHOW them how you will earn them their money back.  You want to create a feeling or security, assuring them that their money is safe and in good hands.  A good financial plan will describe the entity or artist you are selling, describing in detail how you plan to penetrate the market and beat your competitors.  It will also include a implementation plan.  Layout for them exactly what you are going to do, dat-to-day, week-to-week, and how that is going to lead to a successful project.  Do not forget to include a short bio of key personnel.  Investors want to be sure that the right people are on board before they sink a couple hundred thousand dollars into the music business.

I would love to help artists out if they are looking for assistance in this area.  Please email me if you are interested.