Good question. It s a question that many people in the music business for years have been asking themselves too. I would avoid any business that is tied to the sale of masters (the actual recordings). If you can raise some money there is still money in music publishing because there are more synchronization opportunities than ever before (placing music in film, tv etc) but there are also more people vying for those placements than ever before. There is still money in touring and music merchandise (tee shirts, keychains etc) so that makes starting a music merch company possible and or being a club promoter / booking agent etc workable.There is also a never ending group of musicians who need help getting their music heard and placed but this group tends not to have the deepest pockets.Forgive me that wasn t much of an answer but will hopefully give you something to think about.Very best of luck,Rick
opening a record shop. there s one near me that could do so well, but its on a tiny street so no one even knows it exists. i only know of it because i happened to get lost when i was trying to find the tattoo parlour (which i never did find lol). anyway, lots of people still collect them and they can sell for a lot o money. so i would definatly recommend that. then you could expand the business by having a tattoo and piercing parlour out back. or have a cafe within the shop thats music themed. or you could turn the upstairs into a small music venue. something like that.help with my business plan please?? its on my questions on my profile. i cant post links lol :):)
