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Taylor's dad got her daughter a label to help make her a star, but I think that Taylor might not have done as well if she went through typical music industry channels. Taylor wasn't a Rebecca Black kind of artist; she wrote a lot of her own music and was able to define her image as herself at a time when that wasn't common at that time.
Keep in mind she came up around the time the music industry has lost most of its revenue due to streaming. The music industry would have commonly invested in Taylor like artists a decade or two ago, but the economics of doing that wasn't there. Self promotion and funding also wasn't that uncommon, a lot of the rap around that time came out under the same model of artists promoting their own work before getting signed; Taylor just had more resources.
But even then, daddy buying an label would explain a one hit wonder, or maybe even a good album or two. It wouldn't explain Taylor's sustained success. Money only goes so far.