Business Ideas Part 1
This is the first part in what I hope to turn into a five part series spanning the rest of this week. In this series I will analyze a business idea that has popped into my head, showing you how you could get started with it, and hopefully showing you that it doesn't have to be difficult to come up with new ideas for your business. It will be my goal that you can start each of these businesses for much less than $100 and in some cases, it could be free. As usual, all of the ideas that I post on this blog are free for you to use, but if you do end up using one of them please let me know. I would really like to know how things are going for you.
My first idea comes from the fact that I play trombone, and I have to sight read occasionaly, especially when just starting a new piece. When learning a new piece I always find that it is much easier for me to pick it up if I have heard what I am supposed to be playing first. There are many websites out there that will let you hear sample music before you buy it, but unless you can find the exact song in the same key that you will be playing then this can feel like a wild goose chase.
That's where my idea comes in. If you play an instrument and are looking to make some extra money then this one could be for you. Offer your services to create an audio recording of what the piece should sound like for a small fee.
Now that we got the basics down let's look at some ways that we could monetize this. It would not be difficult to come up with a tiered plan that will give a recording of easy songs for $5, medium $15 and hard for $30. Depending on your level of skill it would be easy to rearrange this pricing structure. Also you could do a deal with a school and have a membership program for a monthly price. This might difficult to implement into a school because they are often so tight with budgets. While it might be difficult to implement into schools, this might be a great resource for private instructors who are just starting out.
If you don't feel like this is the right way to go of charging people to make the videos then you can implement ads into your videos so you will be paid multiples of what you would have made just charging the one price at the beginning.
If you don't know where to start with this business, then I recommend that you make a few videos of you playing the instrument of your choice and put them on your YouTube channel and cross promote them with your other social media platforms that you are using. Once you have done this then you can announce that you are providing a service to let you hear what your music is supposed to sound like. You don't even need a website. You can get the music by having your client email it to you, and then you can get paid with PayPal. Sure you might have to spend a few percent on PayPal's fees, but you are still getting paid to play music. What's even better is that you don't have to buy more music. You can just let people send you theirs. Once you have the music down you can record it and put that video on YouTube as well. You'll have another video up, and you will have gotten paid to do it. How fantastic is that?
Let's say that you have done this, and that you have gotten it as big as you think that you can possible grow your business. Now you start thinking about hiring some employees. You can hire someone for a variety of different things including doing the editing of your videos, so you can keep playing. Once you get busy enough you can bring in another musician and pay him a percentage to learn the music and record it. This way you are still getting more videos added to your channel, and you are starting to make money off of work that you didn't do. Now that is pretty awesome.
To get this business started there are only a few things that you will need. In this list is a camera, a computer for editing the footage, and an instrument that you like to play. At the beginning this doesn't have to be fancy stuff. You can start basic and just build your way up as you progress. If you want you can even record with the camera on your phone.
Well there you have it. A business idea that should be very easy to implement if you decide to go down that path. If you have any musician friends who are struggling to make ends meet, then please share this post with them and hopefully they can get well on their way to being profitable in their music career.