How To Build Your Guitar Teaching Business And Earn More Money
The mystical teachings of jesus right now means you are currently unsatisfied with how much money you are earning as a guitar teacher (or you are ready to take things to the next level). With this in mind, you are certainly not alone. Here is the bleak reality for most guitar teachers:
1. Many guitar instructors have a hard time making ends meet in their guitar teaching business and make less than 35k annually.
2. Most people who teach guitar have no experience teaching highly skilled students.
3. The overwhelming majority of guitar teachers achieve little success and only teach for 1-2 years before quitting to work in a different profession altogether.
On the other hand, there exists a small percentage of highly successful guitar teachers who:
1. Make a minimum of 6 figures each year in their guitar teaching businesses.
2. Quickly turn their guitar students from mediocre players to highly skilled players.
3. Are able to add extra value for their students because they have extra time, energy and resources to put into their guitar instruction.
4. Generally work no more than part time hours every week.
At first, most people are shocked to hear about the above points. As someone who has trained countless people to develop successful guitar teaching businesses (by joining the elite top 1% club), I know all of these things to be true.
Additionally, the majority of guitar teachers out there do not fail because they are necessarily ‘bad’ at teaching guitar. Instead, they fail because they believe in the ‘common knowledge’ they have heard being perpetuated by other unsuccessful guitar teachers. These approaches seem rational at first glance, but in fact are highly damaging for your guitar teaching business in many ways.
Here are seven commonly accepted guitar teaching approaches that guarantee failure:
1. Giving Guitar Lessons At A Local Music Store
Many guitar teachers think that it is easier to teach at a music store (rather than on their own) and make good money because:
A. They will have to do less work to find new students since the music store will do this for them.
B. You look much more professional teaching from a music store versus teaching from home.
Both of these points are 100% false. If you teach out of a music store you are highly likely to fail and here’s why:
- In reality, music stores do not have a strong reason to find new guitar students for ‘you’. Even if you work together with a music company, you will still need to come up with strategic ways to get guitar students and grow your guitar teaching business.
- Additionally, you make less money when you work from a music store because you must give a large percentage of your earnings to the owner. This makes it more challenging to earn a good living as a guitar teacher.
- To make things worse, music stores generally are very strict about the teaching formats they allow. In many cases, you are limited to teaching only private 1 on 1 lessons and not allowed to help your guitar students progress faster using other formats. This makes it harder to get big results for your students.
- Since you can’t get great results for your students, it will be very difficult to develop the positive reputation needed to grow your guitar teaching business to the next level.
The most successful and highest earning guitar teachers never teach out of music stores. Instead, they run their own business and hire other guitar teachers to work for them. If you want to make a great living teaching guitar, you must treat it like a business and learn all you can in order to improve every aspect of it.
2. Using All Of Your Promotional Efforts To Bring In ‘New’ Students
Most people assume that searching for new students is the most important part of promoting their guitar teaching business. Of course, understanding how to attract new students is very important. However, if this is the only factor you consider while trying to build your guitar teaching business, you will quickly come across these issues:
- Since you do not have a solid strategy for ‘keeping’ your students, you must invest countless hours into your promotional efforts due to the fact that the new students you gain only replace the ones you lost.
- You will only make slow progress at best to build your guitar teaching business (even if you get more new students than you lose current ones). However, you can achieve much faster growth by working in several different areas simultaneously, such as: student retention, student referrals and converting potential students into actual students.