After doing several recording projects for clients, I realized how important a budget is for making an album.
An album budget can help an artist determine:
- Where you record
- How many songs and which songs you record
- Who you hire to produce, mix and master the album
- Who you hire to perform on the album
- Who designs the album artwork
- Who takes the album photos
- On what medium you release your album (digital only, CD, cassette, vinyl)
You get the idea – there are a million decision to make along way in making a great record and most of them (at the independent level) in one way or another are decided by money. An artist must recognize that decisions with monetary implications can dramatically affect the QUALITY of their final output. For example – if you go ahead and decide to make a 10-song album versus say, a 5-song EP, you may get more songs on the album but what if that means you can’t pay for a good mixing engineer, leaving you with a 10-song album of songs that sound like you mixed them in your bedroom (’cause you did). Maybe it’s better to spend more per song – and release a smaller quantity with better quality. These are factors you need to consider before heading into the studio.
With this in mind, I’d like to share a free tool with you called, the Recording Project Calculator. Built in Microsoft Excel, it’s a pretty simple spreadsheet designed to help you plan and budget for you next recording project. I would especially draw your attention to the Cost Per Song numbers. This factor can be very helpful when determining how many songs to record.
Without further ado, here it is. Simply click to download it. Recording Project Calculator