Determine the amount of money:
First and the foremost thing you should do is to determine the amount of money you need. This will really help you in deciding the number of investors in this venture. Be realistic and keep everything in mind while doing the math. How many hours you will have to spend in the studio? How much the music producer will charge? What is the cost of realising a CD? All these questions should be answered before taking any step.
Showcase your talent:
Now, when you have all the figures, it is time to showcase your talent and make others believe that you deserve their trust. You may choose a public location or just arrange a special gathering and perform in front of your friends and family members. The best way to advertise yourself is to perform regularly in the community theatre or clubs. This exposure will really help to register your mark.
You must not forget the basic purpose of your public performances. It is to make contacts and notify others about your plans. Make a list of your fans and gather the contact information. Send them emails about your upcoming performances and ask them to bring more people with them. Gradually, this exercise will increase your fan following and ultimately you will have more people impressed by your talent.
Invite all of your fans:
When you feel that there is enough strength in the contact list, you should arrange a special meeting. Invite everyone and tell them about your plans. Give them the complete details of your music project and ask them to contribute. Be realistic and do not ask much from them.
A lucrative offer:
Last but not the least, you should offer them a lucrative deal to entice them for the investment. You can make them share holders in this project. Ensure them that they will get the proper reward for their investment.