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What "level" of a producer are you?
Are you looking to get a first release? Most of the time people looking to get a first release are not ready to be in the music industry.
However, if you are fine with sitting in your bedroom and making beats, and not taking this too seriously, then I wouldn't bother with getting too many things signed, since chances are you won't see a penny off of it.
My best advice, is to network locally, and online. Work with different people and get to know people. Make a website, and get some followers and establish some sort of presence. Get involved in local and online music scenes.
Once you have some sort of presence, go and establish some links to some more reputable trustworthy places and work off of that. Sending demos to XYZ label run by some punk is an exercise in futility and a waste of time.
Decent trustworthy labels tend to be either owned or operated, or heavily supported by a somewhat major artist.
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