Musical Instrument Sales
Startup Costs: $10,000 - $50,000
Franchises Available? No
Online Operation? Yes
Retailing musical instruments is a fantastic business venture for the musically inclined entrepreneur who's seeking a way to capitalize on their skills and interests. Ideally, this type of specialty retailing is best suited to a retail storefront. However, for the financially challenged entrepreneur, the business could begin on a part-time basis from home; as a joint venture with a like-minded retailer, such as a CD shop; or online. In addition to selling musical instruments, you can increase revenues and profits by providing instrument repairs, classes, rentals, and sales of related products such as sheet music. Also, be sure to establish relationships with schools, music teachers, associations and clubs in the community. This can be a fantastic way to promote your business, products and services quickly as word-of-mouth advertising and referrals really work.
The Market
Your customers are local musicians, parents who want their children to learn an instrument, anyone who wants to take up an instrument, and organizations that teach or play music and need a supply of instruments on hand (say, a church that needs a piano or a local music school that needs a drum kit).
Needed Equipment
Regardless of where you start up, you'll need a decent inventory and the ability to accept credit card payments. For repairs, you may need specialty equipment depending on your area of expertise.
Musical Instrument Sales Ideas
Lighting Shop
It's time to shine some light on your business startup.
Lingerie Shop
Put a swagger in women's steps by providing them with attractive lingerie.
Inventory Liquidation
Every cloud has a silver lining. When other stores close shop, you can buy their products wholesale.
More from Business Ideas
Her College Side Hustle Led to an Immediately Profitable Product That Sells for Up to $450 — and She Didn't Even Consider Herself 'a Business Person'
Dr. Amareen Dhaliwal's STEM tutoring gig in undergrad set her on the path to entrepreneurship.
This Entrepreneur Pranked Mark Cuban on National Television. The Shark Was So Impressed He Offered to Invest $640,000 — in Empty Boxes.
Ryan Walther, co-founder of prank gift box and gag gift company Prank-O, combined his passions for comedy and business.
He 'Accidentally Discovered' a Semi-Passive Side Hustle in College — Now He's on Track to Make More Than $500,000 This Year
When a lack of funding put a stop to Zach Downey's pizza vending machines, he stumbled upon another lucrative idea.