How much do you charge for studio time? Care needs to be taken when you are considering the amount per hour that you want to charge for studio time.
This subject matter will not get into copyrights or royalties because right now your main concern is getting artists into the studio and making some foldable cash.
Determining how much do you or should you charge for studio time has nothing to do with what kind of equipment you have. Although great studio equipment is necessary to do the job, labels and artists truly do not connect with gear.
When you hear a beat or melody, you can tell what instruments are being played. However, you can not see what type of equipment you have within your studio so the price per hour will always be the main attracter.
Major producers in the music industry are sought after because of their track record of producing hits. Yet what is rarely talked about is the emotional connection that the artist felt while listening to the track before choosing said producer.
You see, your success as a music producer depends on your own personal talent. It depends on how much heart and soul you put into making your music. That is what music artists and music fans hear. That is what makes the connection. The instrumental that you create is what makes you dance or brings tears to your eyes.
When music artists connect with an unknown producer’s beat the first thing that is normally thought is who made that beat.
The price that you charge for studio time is always the second thought and if the price is too high, you will book less studio time.
The majority of indie artists have an extremely tight budget. Not to say that you don’t but as a producer, your number one rule should always be to never let garbage music leave your studio.
If you are charging $100.00 to $150.00 per hour, you may get a few artists in the door. However, what you will also get in this scenario is bunch of music artists booking studio time and rushing through the session because they are focused on the clock.
You can not allow this kind of unprofessional, unfinished, unmixed and unmastered music to leave your studio. Your studio’s name is at stake and so is the perception of you as a music producer.
It does not matter that the music is good if the artist on the track sounds bad. You and I both know that you can listen to a song and tell when an artist is rushing through the lyrics or when a song has a ton of punch-ins.
To avoid this type of situation simply lowering your price per hour for studio time can work wonders.
It is a well known fact that music artists and producers overvalue their music. There is not anything wrong with being proud but it is also factual that this type of thinking is caused by a rush to get rich mind-set. A career as a music producer may be the wrong job for you if you are looking to make fast money.
Although you are working at your dream job, you must still treat it as a real job. You know how to make money producing but do you have enough experience to keep yourself in business.
Great music gets your name out there but low recording prices gets musicians in the door. You need to find the perfect balance between the two in order to succeed.
So how much should you charge for studio time. The ultimate decision is yours but I would suggest that you charge $20.00 to $35.00 an hour until your name or recording studio’s name is well known and I do not mean just well known locally.
It is also a good idea to have a meet and greet with all new artists wanting to schedule time at your studio. This works wonders for relieving recording pressure and stops clocking watchers.
To keep things flowing smoothly so that you are able to work with numerous artists during the day, let music artist know that you expect them to be ready to record when they arrive.
Encourage artists to practice their lyrics and music religiously before they come into the studio. Sure, the artist may require a few takes but not nearly as many as an unprepared artist does.