Build up your confidence and experience through performing live as often as possible. Songwriters and bands seeking attention from major record companies already need to have a large following of fans; when you can show a label you bring guaranteed sales to the table, it's a powerful bargaining chip. They will be far more likely to sign you.
Get into a quality recording studio and make an album (or at least a demo of four to six songs). Nowadays, it is relatively inexpensive for artists to self-produce and release their own album. You can not only shop this demo around to record companies, but you can also sell your CDs at live shows, on your website and through retail outlets to earn extra income.
Hire a talented artist to design your CD cover art. Record company executives and A&R representatives often say that unique or especially creative cover art will cause them to listen to an unsigned artist's CD. It is one creative way for new artists to catch the attention of label executives, according to Island Records founder Chris Blackwell.
Find an investor or sponsor for your music. This is becoming an economic necessity in today's music business. Unless you are independently wealthy, you will need some capital to pay for the cost of CD recording, manufacturing, promotion, instruments and sound equipment, touring/travel costs and merchandise such as T-shirts.
Increasingly, artists who come to a record label already with strong financial backing are more likely to get signed to a record deal. The record label does not have to assume all the financial risk for the artist if the album fails to meet sales expectations.
Don't waste time and money sending your CD to record companies yourself. Most unsolicited submissions go directly in the trash. Most industry insiders agree that having a contact inside the label or a well-connected manager are the only ways new artists can get heard.
Have your manager or agent submit your CD or demo to the major labels and set up auditions for you. A skilled manager with friends in the industry should have A&R reps from the major labels return his/her calls, listen to your music and/or come see your band play live.
Strike while the iron is hot. Timing is critical; A&R reps hear so many bands, they may forget all about you if you wait too long to follow up. If the label displays interest after hearing your demo, visiting your band's website, attending one of your gigs or just watching your performance video on YouTube, it's time to push for an audition or at least a lunch meeting with the label rep.
Prepare for your big audition. Practice hard with your band or sing with backing tracks; ensure your delivery is smooth and confident. Rehearse in a mirrored room, if possible, or videotape yourself so you can improve your moves. Choose your wardrobe for the audition well in advance. Make sure you not only look your best, but that your clothing allows you to move freely for dance moves.
Go into the audition with an upbeat, positive attitude and do your very best. Don't take any criticism personally; the most professional thing you can do is thank that person for helping you better yourself and your art. Respect his expertise from years of music industry experience and happily derive the benefit of his input.
Follow up after the audition and have another meeting or lunch with your manager/agent and the label rep. If the label is interested in offering you a deal, have an attorney experienced in entertainment law review any contracts before you sign (see Resources).