Few musicians have the luxury of independent wealth or the backing of a record label with enough cash to cover the cost of recording. Most musicians have to work really hard to raise cash in order to head into the studio. This is especially the case if it is your first recording.
Before you start raising money, you should have a budget for your recording and know exactly how much you need to raise.
Here are some creative ways to raise money that have worked for me and they can all work for you too if you invest the time and energy to do them properly.