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
Janitorial Supplies
You can clean up by selling janitorial supplies.
Leather Fashions
Rope in customers by offering leather clothes and accessories with large profit potential.
Newsstand
Outdated, you say? In spite of online media convergence, classic print newspapers will never grow old.
More from Business Ideas
Leveling The Playing Field: Aziz Gamil, Co-Founder And CEO, Santra
UAE-based online marketplace Santra is helping home-based businesses and entrepreneurs to thrive in an ever-growing food industry.
Are You the Face of Your Business? You Shouldn't Be — These 3 Practices Can Help You Change Your Branding
In a smaller organization, the owner is often the "face" of the business. But while it is flattering to be in demand, being the face of the business is also dangerous. It can impact the owner's ability to grow the business and make it sustainable for the long term.
20 Side Hustle Ideas for Summer 2024: Part One
Instead of spending money this summer, prepare now to make extra cash through the following side hustles while still enjoying your free time.