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

Wine Shop

Drink to your health and to your business.

Lighting Shop

It's time to shine some light on your business startup.

Gun Shop

Here's a great market to shoot for.

More from Business Ideas

Starting a Business

Plant Lovers Are Making $11,000 a Month On This Fully Remote Side Hustle

Do you have a green thumb, an internet connection and some hours to kill? If so, this side hustle could be the perfect way to grow thousands of extra dollars a month.

Side Hustle

This Former Microsoft Consultant Started a Side Hustle After a Frustrating Vacation Experience — It Hit $250,000 Fast and Makes Millions Now

When Nicole Smith met up with her best friend in Paris and struggled to get good photos of them together, she knew there had to be a better way.