The US government launched the Paycheck Protection Program (PPP) to offer financial support to small businesses impacted by the COVID-19 outbreak. However, many people, including DJs, are unclear about the requirements for PPP loans. Can DJs obtain PPP, then?
If they meet the requirements, DJs can apply for PPP loans, then the answer is yes. A DJ must operate a small business or be a sole owner with no more than 500 employees in order to qualify. Additionally, the DJ’s revenue must have decreased as a result of the pandemic and they must have started their career before February 15, 2020.
We’ve established that DJs are eligible for PPP loans, so let’s look at their sources of income. DJs frequently profit from a variety of activities, including live performances, retail sales, and music royalties. For the majority of DJs, live performances—where they are paid for gigs at clubs, festivals, and private events—represent their main source of revenue. DJs have suffered a considerable loss of income as a result of the epidemic, which has forced the cancellation or postponement of the majority of live concerts.
Because of this, pandemic-affected DJs can apply for PPP loans to pay their bills and maintain their operations. Payroll bills, rent, utilities, and other expenditures associated with running a business can all be paid for via PPP loans. DJs can establish the loan amount they are qualified for and how to use the funds by consulting with their accountants or financial advisors.
Regarding this, DJs can submit their music to labels in order to get money. One of the ways labels generate income is through music advances. A record label will provide an artist or producer an advance in exchange for future royalties. DJs can send their music to labels via a variety of means, including email, internet music services, and networking with other business people.
DJs can submit their music to several labels, including Blue Label Records. An independent record company called Blue Label Records is dedicated to finding and supporting up-and-coming artists in the electronic dance music (EDM) sector. On their website and on social media, they welcome music submissions. DJs who want to be signed by the company can submit their original music, remixes, and DJ mixes.
In conclusion, DJs who meet the requirements may be eligible for PPP loans. Live performances, merchandise sales, music royalties, and submitting their music to record labels like Blue Label Records are other ways that DJs can make money. The pandemic has been difficult for the music business, but with the aid of initiatives like PPP, DJs may continue to make and disperse their music.
Depending on the record company and their chosen form of communication, there are many ways to get in touch with them. Visit the label’s website and look for a contact page or email address instead as a good place to start. You may connect with several labels on their social media pages. Follow the label’s submission requirements and deliver only polished, high-quality recordings if you want to submit music to them. Record companies may take notice of you if you network and develop connections with industry leaders.