Remember how many people are out there are approaching record labels. Be prepared to hear some rejection, and be prepared to not hear anything at all from some labels. Keep in mind that smaller labels don't have the kind of money to pay you an advance that will let you pay off all your bills - or sometimes even an advance at all. But the most important thing is, don't despair. Slow and steady wins this race. Keep playing your shows, writing your songs and letting people know you are out there. Every time you hit a bump in the road, just think of what a great addition that story will make to your memoirs.
Source : lovetoknow.com