Business At A Glance
Startup Costs: Under $2,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No
Business Overview
If you know how to sing, play guitar, piano, drums, a wind or stringinstrument well enough to teach others, then what are you waiting for?Capitalize on your talents and earn a great full- or part-time incomeby teaching customers how to play your instrument of choice.Classescan be conducted one-on-one or in a group format, from your home, atthe student’s location, from rented commercial space, or in conjunctionwith community programs, continuing education, or even at anestablished music store. Expanding the business requires nothing morethan hiring other experienced musicians to teach students. Fees aresplit’basically, you find the students, your instructors teach theclasses, and everyone profits. Lesson rates will vary depending onclass size, skill level, and instrument, but on average, group lessonscost students $10 to $20 per hour, and one-on-one lessons in the rangeof $40 per hour plus the costs of instrument rentals or purchases,course materials, and sheet music.
The Market
Adults or parents of children who would to learn how to play a musical instrument.