Have you always dreamed of starting a music school? Here are some tips to help you open your very own studio.
In 2018, the music industry generated $51.5 billion! Music is bigger than ever. But that isn’t necessarily restricted to things like vinyl and streaming services.
Starting a music school is a profitable opportunity to foster a love of music in others while making some cash. Of course, that’s easier said than done.
You’ll need all the help you can get. That’s why we’ve compiled a list of nine tips to help you start your music school.
1. Come up with a Business Plan
Running a music school takes more than some instruments and studio space. You’ll need to treat it like opening any other business and come up with a multi-year business plan.
Be specific, especially when setting goals. Doing so will make finding financing much easier.
2. Enlist Some Help
You might think of yourself as a solo act, but you’ll need a ton of help opening your school. Reach out to some trusted friends and work together to build your school.
Not only will this take a ton of pressure off of your shoulders, but more help means more instructors and more instruments. In turn, that means more profit.
3. Location, Location, Location
If you’re setting up a physical school, picking the right location is the single most important consideration. Think about it: You’re more likely to get foot traffic in a busy shopping center than on a back road.
Look for areas with high visibility, and a community that fits your vision.
4. Spread the Word
If you’ve ever had to pass out flyers for an open mic or sell tickets to friends and family, you know firsthand that music and marketing go hand-in-hand.
Your best bet is to do a hybrid of digital and physical marketing. On the digital front, don’t be afraid to seek some outside help from a professional firm. They’ll have access to resources and tools that would cost you hundreds of dollars and years to learn.
5. Build a Portfolio
You’ll need to show off a bit to prove that you’re the right teacher for the job. Put together a portfolio showing off your highlights.
Don’t be shy. This is your chance to brag about your accomplishments.
As important as a physical location is, you can increase your profit by offering lessons online.
Aside from sheer convenience, offering online lessons let you cater to students all across the globe. It’s a great chance to expand your business.
7. Don’t Forget to Network
Musicianship doesn’t occur in a bubble. Make time to hang out with other musicians and music teachers.
They’ll help keep you inspired and may be able to provide some quick pointers that can save a ton of time.
8. Create a Fun Learning Environment
As strange as it might sound, studies show that certain colors have a big impact on a student’s ability to learn.
As you create your classroom/studio, keep it light and fun. Use warm colors and utilize open space.
9. Be Patient
Opening up a music school is hard work. There will be days where you regret your decision.
But trust us, if you’re patient and stick with it, you’ll find that being a music teacher is one of the most rewarding careers out there. Hang in there and focus on the good.
Share Your Love of Music by Starting a Music School
Starting a music school gives you and your fellow musicians an awesome opportunity to help others reach their potential. Follow these tips and you’re sure to have tons of students in no time!
And don’t forget, we can help. Get in touch today to find out how we can work with you to set up your very own Music Lab.
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Thank you and best of luck.