Our company requires a security deposit, just like with an apartment.
Most contracts are written for a one year period, which protects that
time slot for the duration of the contract. This protects the programmer,
as well as the station. Since we started here 6 years ago,
we have several programmers who have been with us for years. Rates per
hour have a wide range, depending on a number of factors involved. For many
people this is the alternative that is often mentioned. The key, again, is to do
something unique to the market. I have turned down potential business before,
and I will do so again, I'm sure. If I get a phone call, and all that is asked is price -
99% of the time that call is not viable, and it will never happen.
You and your circle of friends and family may believe you have all of the answers,
but if the public at large doesn't agree, and you are under capitalized, your program
will fail. Again, for all of the wannabe's out there - radio is a business...
That said, if you really have faith in yourself, and your product - go for it!
Take a chance, and try to build something...