The old business model for selling musical instruments is being shattered, thanks in large part to the Internet and the large retail chains.
The opening of many online stores selling musical instruments is good news to music lovers as you can now better compare prices as well as look at customer reviews.
Here are a few examples of online stores selling musical instruments:-
Music, formerly known as Brasswind and Percussion Trading is currently one of the popular stores that retails musical scores, instruments and accessories to wind bands ranging from primary schools to professional ones.
Alamo Music Center, a store selling musical instruments, is the site for viewing custom-made instruments of Marclay’s design: a drum set that has been altered with cymbals and drums positioned at heights corresponding to their tonal qualities and a customized 12-foot long accordion.
A good music instrument store will offer deals on the hottest music gear. Music123 is one such store that has a wide selection of musical instruments and musical equipment.
Craft Central, is a site that contains information about musical instruments and other related products. Products include wind instruments, keyboard instruments, musical accessories, amplifiers, cases, DJ equipment, guitars, electric guitars, microphones, percussion instruments such as drums, snare drums, string instruments and much more. Over 25 different manufacturers among these products. The site has over 700 different products currently available.
As an alternative to selling musical instruments as an employee of a business, you may want to consider starting a business of your own.
You will find that there are good profit margins selling musical instruments and you would be making money selling something you know and love.
Retailing musical instruments can be a great business venture for the musically inclined entrepreneur who’s seeking a way to capitalize on their skills and interests. To be successful in a musical instrument business, you will need to do your research on the following – competitors, wholesale suppliers and distributors, business location, source of funding, product delivery methods, business policies such as refunds, warranties just to name a few.
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.
To supplement your income from selling musical instruments, there are complementary ways to do this by offering 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.