Russ On How To Make Money Without A Record Label

Russ On How To Make Money Without A Record Label

Shoutout to Russ , he’s always giving us free game in his interviews on how to move as an artist that got a lot of money off of his music independently

If you can do for yourself what a label will try to do for you, DO IT YOURSELF

It’s cheaper

You get ALL of the income from your music if you own it

You also don’t have to deal with the potential issues that signing a deal brings

At this point, with all of the access we have to information, money, and social media, you can do for yourself what a label will do and gain all the proceeds from your hard work

I charted #1 on iTunes with no help from a label, you can too

I give you all the game on how to make money as an independent artist in my Music Marketing Course

Credit: The Breakfast Club

2022 = Discipline.

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200K THE HARD WAY

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[TRUEROOTS]

It’s smart. He’s using the credit to make more money they promotion. Credit is only good if yu using it to make more money

[NightOwl]

This guys is giving out too much information. Protect him

[ChaceBonanno]

When I told my rapper friends with absolutely no credit scores about this, they literally laughed out loud. Majority of wannabe rappers are so ignorant to the business. The idea of taking a loan is actually funny to them, because they don’t even realize that an advance is just a loan, so in their minds they’re just gonna get rich overnight one day when one of the songs they released with zero promotional budget gets the attention of a record label who just pays them a bunch money to make more music.

[IamJalayaaa]

This is BUSINESS credit guys not personal credit

[ChaceBonanno]

Whether they call it a line of credit or advance, either way you go, you’re just getting a loan.

You can pay like 2-10% interest to the bank depending on the terms and when you got your loan.

Or you can surrender your masters, publishing, the majority of your royalties, creative control, etc.

If you get a loan from the bank, the money is not taxable. If you get the loan from the record label, it’s paid to you in the form of a cash advance on your royalties, so the income is taxable despite the fact that you will pay the label back for them to recuperate.

Tax rates are between 10-37%. Even if the label let you keep 100% of your masters, publishing, royalties, etc. and took absolutely nothing in return, it would still cost more because of the taxes. For example, if you got a $1M advance from a label, you’ll end up paying about 33% in taxes. If you went to a bank today for a loan, you’d pay somewhere around 4%.

[jesssss]

Artists, don’t be dumb. Fund your own careers (ask bank for loans). Don’t sign record deals (you will be in debt to the record deal equally as the bank). Don’t use distributors( ex.Spotify). Pay for publicity yourself (radio spots, magazine shoots, billboards) . Otherwise you are giving control to others. Just hire your own team.

[BTotty_Music_Reviews]

Difference is if a label loans you the money the risk is on them if the project fails. They are stuck with the bill. If you borrow from a bank, you have to pay it back even if the project fails.

[joseayala]

I can't get approved for a 300 dollar capital one card

[Chiro_ASMR]

No income taxes on the loan money. Smart move if low interest rate

[Lunar.cipher]

As a new artists please don't try it if you have no connections. And I'm not saying don't go independent. It's actually the best route to be an indie artsist but you gotta understand music business and put your mouth where your money is.

[slimzona]

Let’s makes sure we point of that he was already up millions by the time he thought of this

[huey]

Bruh I’m like “why baby tron talkin like that “😭😭

[hurricnike]

Dawg NFTs have been a HUGE blessing, I’ve already made thousands as a TINY artist with less than 200 YouTube Subs at the time of writing this🤘🏽🤘🏽🤘🏽

[saint_diego]

Dorian, thank you King for the videos. The advices are priceless.
All the way from South Africa PTA

[SoulRhythmentertainment]

Thankyou for sharing. Solid solid advice

[MrWatts]

This is what priviledge sounds like try saying yo bank give me half a million dollars and tell us how that goes lol

[slapstrumentals]

You must have a registered LLC first guys! Establish some business credit.

[xogemofficial]

Why it’s sooo important to build your credit

[SizzySaint]

My credit score is 700. Buddy makes it sound easy...

[Bishop]

It’s smart and makes sense but you have to have a wave already! You build your name through social media and YouTube while building your credit at the same time then when you want to drop the album you can get that line of credit. You cut out the whole label, managers, and etc out. It’s brilliant and idk y or how up and coming rappers ain’t think of it