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.
Gun Shop
Here's a great market to shoot for.
Lingerie Shop
Put a swagger in women's steps by providing them with attractive lingerie.
More from Business Ideas
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.
7 Practical Tips for Running Multiple Businesses Successfully
Thinking of starting additional businesses alongside your existing ventures? Learn some practical tips for successfully juggling multiple companies from this insightful blog post.
He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'
Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.