What do I need to know about opening a Music/Recording Studio?

Question

Thanks for reading, I was just curious about how to earn a profit by opening a Recording studio for people to rent and also what are the important things I need to know. Thankss!

Answer 1

Nah, open a record store instead. You'll have about an equal chance of success.

Answer 2

Minimum $80,000 in equipment, the knowledge of how to USE all of it properly, $20,000 in advertising per year, and....a lot more than anyone with an idea and no background as a sound engineer can tell you.

Answer 3

have a look at how much good recording gear costs

then have a look at how much it costs to fit out a good studio

Answer 4

You need to know how expensive it is to open the studio and then you need to know if your area has enough musicians/bands with the cash to rent your studio. You also need to know how to produce and engineer music since most bands or singers will not have their own producers or sound engineers. Figure you will need $50,000 to $100,000 just for the recording equipment (mics, amps, pickups, sound board, etc.). If you plan on offering a full-service studio, figure another $25,000 to $50,000 on instruments (yes, professional studios have instruments for use).

Pricing is easy - call around to other studios in your area and get price lists. The studio I took lessons at charged $50 an hour for the studio and $50 an hour for the engineer. If you wanted the engineer to also produce, that was an additional fee.

Answer 5

Its really not a great way to earn a profit. Quality recording equipment can cost hundreds of thousands or even millions of dollars, and record labels have their own custom built studios, so the only people this would really appeal to are those trying to break into the recording industry. They're not really going to have the money to spend on hiring a recording studio, and given the proliferation of at home recording software, you're going to struggle to attract any interest.

Answer 6

I recorded myself urinating. If you open your recording studio, I’d like to make a record of it