Industry sector: Business services

Record label: Postage, stationery, advertising

You're likely to spend a certain amount both on promoting your business and on general postage costs - sending out invoices, paying bills by cheque and so on. Enter in your cash flow forecast the amounts you will spend on:

  • postage. You are likely to spend a certain amount on a regular basis, for example when sending out promotional material and recordings
  • business stationery such as letterheads, invoices and so on. Your local printer will be able to give you an estimate of how much a package of essential business stationery costs. You will probably pay for this in month one or two and then reorder as necessary later in the year
  • miscellaneous stationery items
  • advertising. In the course of promoting an artist you are likely to spend a certain amount on promotion, which may include sending out promotional copies of a song, offering free digital downloads, having posters printed, organising gigs or club nights and so on. You may also decide to advertise your label on a regular basis in the music press to raise its profile so that artists know that you exist. You're also likely to promote your label and your artists on social media

Once you have decided on your advertising strategy enter your estimate of the cost in the months in which you will spend the money.


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