7 Strategies for Building a Music Studio Business Model That Crushes the Competition
Do you dream of owning a successful music studio business that stands out from the competition? The music industry can be tough to navigate, but with the right strategies, you can create a business model that crushes your competitors and attracts loyal clients. In this article, we've gathered seven proven strategies for building a music studio business model that is both profitable and sustainable. From effective marketing techniques to innovative strategies, we'll show you how to differentiate your business from the rest and create a brand that resonates with your target audience. So, whether you're just starting out or looking to take your existing music studio to the next level, read on to discover how to build a business model that sets you apart from the crowd.
Start with what instruments you can teach. I’m a horn player but also accomplished at piano. So I offer lessons for both piano and horn. And since horn is more of a speciality instrument, my studio is filled with mostly piano, although it is starting to become more even. Let’s say you play violin, you could potentially also teach viola, cello or bass, and possibly guitar. Vocalists, just because you are a tenor doesn’t mean you can’t teach other ranges. Think of this as a way to open up how many more students you can teach, meaning you are that much closer to having a full studio.
Determine the teaching level you are comfortable with. You don’t have to be an advanced player at any instrument to teach beginning level lessons. My beginning teacher only taught through intermediate lessons. I switched teachers when I became too advanced. You do have to have specific skill sets, like being able to read the notes, rhythm, counting and such, you can read more here how teaching helps to increase your own musicianship, and as long as you are proficient at the basics you can teach beginning levels.
Decide what age groups you intend to teach. You don’t have to teach just young kids, you can teach any age you want from the youngest to the oldest. I personally don’t start students younger than 6, and generally I suggest boy around 7 but it’s based on the maturity level of the child. A good rule of thumb I like to use too, is if the child can read and write their ABC’s.
Decide how you are going to market yourself. Are you an after school only teacher or can you teach during the day. This will determine where you will post openings in your studio. If you are able to teach during the day, homeschool students are going to be where you want to focus your attention. They often do their activities during their school day. Or do you only want to teach in the afternoons, maybe because you have another job during the day?
What is your goal for each of your students to obtain? Are you wanting to teach future solo performers, church piano players, introduction to music/beginning skill sets to set them up for another instrument later on, hobby player? Have a firm idea on the type of students you want to attract.
Determine if you are going to teach in one place (renting a space, in your home) or if you are going to be traveling to the students. This will determine the geographical area in which you will teach. Good rule of thumb, keep it within a specific radius of your house so you aren’t spending all your time driving here and there.
What do you intend to get out of teaching private music lessons? And this is important because like any job there are going to be days you don’t really want to teach (yes it happens) and you will have to remind yourself why you are doing this. “ I get to teach today because ___________ (fill in the answer). When you turn the attention into, “I get to work with” instead of “I have to teach” and turn it into a service act makes all the difference on those days where you might be struggling trying to balance teaching with everything else you have going on in your life!
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Happy Teaching!