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
Inventory Liquidation
Every cloud has a silver lining. When other stores close shop, you can buy their products wholesale.
Wine Shop
Drink to your health and to your business.
Lighting Shop
It's time to shine some light on your business startup.
More from Business Ideas
More Than 75% of Americans Have Side Hustles During the Holidays — Here Are the Most Popular Gigs This Season
Many people expect retail prices to climb, and they're getting creative to save their wallets.
He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'
Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.
Subway's CEO Steps Down Amid a Major Transition for the Sandwich Giant
John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure.