I'm not sure I even understand what a label is for anymore. I know a few bands that have signed with well known indie and metal labels. Starting out, they release a CD and the label promotes it. Then they get them on a bigger tour around the US. Only then their van/bus breaks down and they are setting up things on the net for donations to fix their vehicle so they can tour.
Maybe its me but it seems to me, why would a big label sign you, only to leave you dead on the side of a road while doing your first tour for your first CD with them.
What do labels even do anymore? I am just guessing they are loansharks that will distribute your music worldwide for a price and give you money to record a album, knowing you will have to pay it back.
This is just my take mind you, but I am just lost at what a label is even for anymore.
I've heard that tour support is becoming harder to come by, but why a label would leave you stranded on the side of the road is beyond me. I suppose it's possible that the label has given up on the band, that the band has a poor relationship with the label and doesn't know who to call, or that the label is a fly by night operation. FWIW, I don't personally know anyone who has been left on the side of the road. Things break, and occasionally a show is missed, but being left to figure it out on your own is out of the ordinary.
As for what labels do, they invest in the product, absorb all the financial risk, connect the dots between contacts, and only make money when the band makes money. When you think it through, unless you've got some kind of serious trust fund, an investor (e.g., a label) is the only way to record and tour at the mid and upper levels.
Yeah, there are plenty of bad stories out there. Labels, it seems to me, can help get you to the next step. I mean at some point, my sons' band will do well to dump me as a manager. I hope I have the guts to push them off. But, they have to want it, and that's a whole different thread topic.
For me (and this is me at this point in history), a label would have to put offers in front of me and an attorney to show me some good scenarios and not "best case" scenarios. The scenarios, with their support, would have to help the band take a significant step in exposure, sales, promotion, booking, etc... Otherwise, why do it?
Why not just continue networking like you have been? Then that'd get you to 6K units,... and then 8K? At that point the "record deal" would become sweeter for the band! And it may even include a road worthy van or (GASP) a bus!
A label is unlikely to (won't) provide you with specific scenarios in a contract. If they do, they're pretty bad with contracts and probably not worth getting involved with. Anyone can talk a good talk about what they'll do for you. Check on the histories of their other artists and, if you can, speak to some of their ex-artists.
To a legit label, the difference between 5K and 8K units is virtually nothing, so I wouldn't count on that improving a deal in any significant way. If they're serious about investing, negotiating an advance for an E-350 and trailer should be a no brainer, even if you've only sold 1 unit.
As for a bus, don't count on it. They're expensive to buy, even more expensive to maintain, and if one of those breaks-down while you own it, you're often looking at 5 figures in repairs or a 6 figure paperweight. Leasing buses should be avoided until it's not tenable to tour without one.