It is fun reading and lots of magazines are picking up this info as in Details. You're reading Billboard and have your copyrights filed. Shop around for a good inexpensive functional recording studio. Don't spend a lot of money - this is to showcase your material and your band. It's a good idea to talk to the people running the studios for the best rates possible and let them know that you plan on returning to make a more professional sounding demo after you've been performing for a while.
People are flexible and are willing to give new bands a break.
Next month we'll talk about the booking process. If you have experiences you'd like to talk about regarding any particular clubs, send a note. If there are songwriter associations in your area, drop in. Make sure the vocal comes out clear and strong - you're selling your song, not recording equipment. Record three of your best songs.