Step #5. Register a domain name and build a web site.

We have reached the point where having a web site for your record label is an absolute necessity. Its like a fax machine -- who doesn't have a fax machine today? As music fans increasingly turn to the Internet first to discover new music, your domain name will become an increasingly valuable company asset. Your web site should have all pertinent contact information for the label, a release schedule, links to artist sites, as well as an email sign-up list. There's plenty of services that register domains, but we recommend sticking with well-established companies such as Network Solutions (www.networksolutions.com) or Register (www.register.com). After establishing your web presence, order some business cards with your web site and e-mail address featured prominently.

Go to Step #6: Start signing artists and pressing up records.