Just wondering how feasible starting such a business is. I'm in Toronto, so there are lots of bands. I know how to use a DAW and do basic recording. I have a bit of time to learn and build up a portfolio before I absolutely have to start making a little bit of money (6 months or so), and a bit of money to invest.
I see lots of youtube videos from Recording Revolution, and 6 Figure Home Studio. But I'm suspicious that these guys are really just making loads of money selling courses to people and promising that it's possible to start a business with $300 worth of gear. Sounds a bit too good to be true.
So - is it possible to start a home studio business and grow it enough to make a living? Or is this something where 99.9% of people buy a ton of gear and fail within a year?
Anything is possible but this is unlikely at best.
The people selling these courses probably do ok though.
Do it because you like it and maybe if your good at it and your good with people, you might make some money eventually.
Hey, I think you have a great idea; starting a business is always a good idea. Never keep stopping trying to make your ideas alive, in your situation is very important to promote your business on social media. Try to promote your Instagram and FB accounts first, describe your business, and set the prices accordingly. Remember that first, you need to have good pricing to get more clients as it is possible. According to the business courses www.prendo.com/leadership-challenges/leading-complex-projects that I did last year, low pricing at the start guarantees the competitiveness of your business.