Music Lessons Ecommerce Website
Asking Price: $100,000
Wanting to assist music teachers in establishing a client base without the time and financial investment usually involved in building up their own home studio along with the desire to earn a living with more flexibility, the owner created a business to bring students and music teachers together. Having realized that higher income families seem to want the convenience of home delivery, she saw the need for this type of service with regard to music lessons. With that understanding and her goals in mind, she created a niche business that allowed students to hire music teachers to come to their own home for lessons. Today, this website offers private and group music lessons on all instruments in students' homes nationwide. The owner spends 40 hours per week managing the business. The teachers are paid as contractors and are responsible for teaching the students, reporting attendance, communicating with the student/parents. Students are charged a higher rate per lesson than the rate the teacher is paid. The difference between the amounts student pay and the amount paid out to teachers is the revenue generated by the website for its services of bringing students and teachers together for in-home lessons. This business is run from a home based office, is easily relocateable and can be operated from any location with internet access. The site has excellent SEO, large repeat business and is highly scalable in that it takes essentially the same work and overheard to provide service for 20 customers or 2,000 customers. All of these aspects along with its potential for growth, make this an exceptional opportunity for a buyer to acquire!
|Location||USA, Texas (Tarrant)|
|Home Based Business||Yes|
|Seller Finanacing Available||No|
Building upon its established foundation, there is lots of room to expand this business. Some ideas for future growth include: sell instruments on the website or become an affiliate for a music instrument business, continue and add to the new opt-in newsletter to maintain marketing to leads and start social media campaigns.
While there are some competitors in this industry, some of this website’s competitive advantages include its automated enrollment system which allow students the ability to pick their own teacher and schedule appointments with them online, thorough screening process which brings in qualified teachers and having apprentice teachers to offer some discounted rates.