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Making a disc is not a bad way to go, but these days you'll probably get better results by setting up a band page on reverbnation, myspace, facebook, and sonicbids. You can then build an electronic press kit and email it to people. It's cheaper than making discs and the venue managers like to see that a band has a social media presence to help promote gigs. You'll be able to reach venues that otherwise wouldn't even be aware of your band.