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I would tell you that you should send your track to medium, big, and small labels, but of course not to 80 billion of them. You never know who will like a song, so don't be afraid to send it to medium or big labels.
small labels may take a few days to reply to you, medium labels may take a month, that is if they choose to reply to you.
When choosing a label, make sure they know how to get your songs to the right people to promote. Do your research.
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