If you love teaching piano, then maybe it's time to think about starting a full fledged studio. Operating a piano studio can be quite fulfilling both financially and socially, especially for someone who can benefit from working at home. You could even expand into a building with a teaching staff, if you work hard and create a great product.
Things You'll Need
- Business credentials
Form your business. Because of tax purposes, even if you are teaching from your own home you should register your business. If you are planning on hiring other teachers it becomes even more important to set up your business correctly from the beginning. This also allows you to have a separate bank account for your piano studio to not only help keep your personal and business finances straight, but also to give you legitimacy with your clients.
Decide on a curriculum. Deciding on your piano curriculum is one of the most important factors in starting a studio. First make sure that you have all the knowledge needed to teach your chosen curriculum before trying to teach your students. If not, consider hiring other teachers for your more advanced students. Try to find or create curriculum that is unique from other studios in your area to attract more students.
Promote your business. No one is going to take lessons from you if they have never heard of you. Consider running printed ads or hiring high school or college students to hang door hangers on the homes near your studio to get the word out. You number one way to promote your business is by word of mouth. Make sure that you create a program, as well as an environment, that is both successful and professional to get as many referrals as possible.
Decide if you are going to expand. Once you have a good base of students you may want to consider expanding. If you are teaching from home you may want to look into small commercial real estate. Maybe you want to hire more teachers, or add more programs such as voice lessons or other instrumental programs. The more you expand, the more money you will be able to make.
Consider group classes. Group classes can be an amazing way to get extra students. Consider a preschool music class during the day or adult group piano classes at night.