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Technology has leveled the playing field for almost every industry. In fact, you can be someone who starts part time from home and builds a business dynasty. You can start small and knock out some of the biggest names in your industry. Technology has made it easy for anyone with a strong work ethic, good materials and a mentor to succeed. For many years now the music industry has been a good old boys club. Getting record deals, recording studio time and air time was a big payola game where it was about who you knew or how much money you had to pay them for their services.

The recording studio business has always been one of the hardest industries to break into because of its glamour and rock star lifestyle. Now, because of technology recording studios are starting out by being built at home and becoming a big reliable business income that has a new name. These recording studios are called homegrown recording studios because people who have wanted to work in the “who do you know” recording studio business could now build one from home and begin booking bands to record part time. As this business began to grow, the owner moved from part time to full time making thousands of dollars each week.  Read more...

If you are a business owner or manager and are currently playing music in your venues or considering implementing music on hold, you need to be aware that the music you use must be licensed, or it will be considered illegal use of copyrighted music. If caught, you could be facing steep fines or possible legal action. The music industry is coming down hard on businesses that are unaware of or disregard proper licensing of copyrighted music, as is evident by a recent series of crackdowns on over two dozen venues in Seattle who failed to pay royalties on music they were playing. (ASCAP) The American Society of Composers, Authors and Publishers, says that these venues have been performing copyrighted music without permission. ASCAP is now actively going after local businesses that have not been paying to use copyrighted music. According to their web site any music that is played outside a direct circle of family and friends is considered a public performance; this includes restaurants playing background music or commonly known as in-store music, DJs and music on hold over phone lines.

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Now you can also start a business of your own for less than you might think. There are still good profit margins with musical instruments. Generate good money selling something you know and love. To be successful as a musical instrument business, you need to start out knowing as much as you can about every aspect of running your business.

BUSINESS OVERVIEW
Retailing musical instruments is a great 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.

CHOOSE MARKET
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