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The following article was published in our article directory on August 10, 2015.
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Article Category: Advice
Author Name: Lucas Jackson
Booking agencies secure work for clients they represent. These clients may be either entertainers, celebrities, models or musicians. The requirements to put up a booking agency vary depending on state laws. Some states require a business permit only while others require license and formal training.
Booking agents make income in three ways. They get 20% of the percentage from their client, receives a flat fee and gets 50% of the total percentage of the booking price. Relational skills and knowledge on the entertainment industry is needed in order to become a booking agent.
Steps on Starting a Booking Agency
Step #1: Decide which talent you want to represent before booking. Many agencies focus in two or three types of talent representation. These includes endorsements, musical performances and modelling stints.
Step #2: Set up your own office. Make sure it has a computer, printer, telephone, and fax machine (for "more traditional" negotiations with producers and event organizers). You can run a booking agency at home, but the area should be free from any household noise or distractions.
Step #3: Contact your local government for any information on getting the necessary license or permit to run a booking agency. File legal forms, get a tax ID number and pay the necessary fees.
Step #4: Consult a lawyer. The latter will do the job of drafting booking agency contracts. The ability to customize and modify contracts for bookings will be all up to the lawyer.
Step#5: Purchase stationery, brochures, fliers, business cards and other materials you need to promote your booking agency.
Step #6: Provide separate contacts between the buyer and your agency. This is for you to secure your bookings and have all parties involved sign (or return) the contracts.
Step #7: Send an invoice message to the talent for the amount agreed upon. The amount simply refers to the payment the talent will get from various exposures.
Step #8: Establish your agency as a Limited Liability Company or LLC. Contact the State of Departments in your area to know how this works.
Tips in Setting up A Booking Agency
Booking agents are sometimes misinterpreted for being greedy capitalists. In the end however, they will always be responsible for helping artists progress their careers regardless of familiarity. To become an effective booking agent without patting the back of big-time players, here are few tips:
Keep your business organized. Agents spend most of their time monitoring finances, negotiating contracts and coordinating schedules. When your business is organized, it won't be difficult for you to keep the entire booking process smooth.
Be persistent, polite and charismatic. Booking agents are born to look for ground-breaking ways in scheduling an artist's gig. However, that won't be possible without the three aforementioned qualities.
Generate a list of reliable leads. Booking agents will never know when they will meet someone who can help them achieve their goals. Hence, they create a group of contacts who can tailor their marketing duties.
Make sure the contracts you'll cover are very accessible to artists, organizers and anyone you want to get involved in the business.
Keywords: artist management, hip hop artist management, booking agent,hip hop managers,Booking Agency
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