You found a client? Congratulations! That’s a huge first step. Now you want to grow your business a bit more. You want to turn it into a more substantial income. This doesn’t have to be difficult or frightening. It’s just going to take some vision and effort.
My best piece of advice for new studio owners is to reinvest your profits. Don’t go out and immediately buy a new TV, stereo for your car, or anything else like that. Buy something useful to your business. That could be a new microphone to fill a gap in your existing mic locker. It could be a better preamp. It could even be something big like a new recording interface or computer.
Reinvest those profits and improve your studio. As your studio gains new gear and new clients, you’ll slowly be able to charge more or be more selective about the clients you work with. You want to become a desirable studio in your local market. The first step is to have the necessary tools to command attention from artists in your city.
Always reinvest, and you’ll be on your way to a bigger and better studio business in no time.
If you are still struggling to find clients for your studio, check out this incredible guide to marketing your studio. Click here to find out more.