i would look into the history of MARS Music. They were a music chain that went out of business a few years ago. I do remember they did rent out a music room for bands to practice in. They sold cds, t-shirts, instruments, guitars, etc. I don`t remember them having food or drinks. Not sure I`d want that combination around potentially $2000 bass guitars.
You idea does sound intruiging though. I`m in a band and would definitely check that out. On a slow night you could have open mic night for bands and/or karaoke performances.
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No Eternal Reward Will Forgive Us Now for Wasting the Dawn.
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i wanna open a music store
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Hello everyone...let me start off by saying what a great find this site is.
blackdeath020202...it`s great to see someone from your age group seeking out advice "before" you jump in with both feet.
From my own experience of working directly with the musical accessory / instrument dealers and distributors in this industry... the best advice I can offer you at this stage is to get your feet wet by actually working in a local music store if possible. This hands on approach will give you a better understanding of everything from customer service, employee relations,
marketing, purchasing etc...it will compliment any biz schooling as well.
One of the main voids in this industry is service. The "honest sincere" type...I don`t mean high pressure sales tactics that some stores hit you with the minute you walk through the door. Help "educate and assist" the customer...if he or she feels comfortable with your "caring and knowledgeable" approach, you will have a loyal customer for life.
You can also get a feel for the industry by attending trade shows like The NAMM Show...this is not open to the public however, if you`re working at a music store, you should be able to get a pass...most aggressive store owners attend this show. Also, a couple of good `zines to be reading are Music Trades Magazine and MMR (Musical Merchandise Review)...a wealth of info.
Have a great day...
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Never accept a no from someone who doesn`t have the authority to say yes!
http://www.ScratchPadUSA.com
Don`t let all the admin stuff deter you!! good luck with it! i want to know how it turns out!
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I was so poor when I was growing up, that if I`m not a boy I would have nothing to play with. The Hungry Jar
I would like to know if I can get a blanket license agreement for my library to sell online!
i guess i`m next to chime in on this conversation. i have a close family member that makes LOTS of money. he teaches people how to invest their money, and he`s wanting to do some business ventures of his own. One of those is that he wants to open a music store in CO, in which their are around 3 universities in the area, as well as a well know n ampitheater where concerts are frequently performed. he wants me to run it, with me gaining 60% profit in about 5 years. he`s basically willing to finance my dream.
what pitfalls do i need to look for and be aware of in opening this type of business.
where/whom do i contact about buying instruments in bulk
how do i find people for repair services and such?
thanks
kelsey
what pitfalls do i need to look for and be aware of in opening this type of business.
where/whom do i contact about buying instruments in bulk
how do i find people for repair services and such?
thanks
kelsey
Actually, now instead of the whole library, I think I`ve narrowed it down to a few selected compilations. They seem to be the "rage" at the moment. I hope to just license a few CD`s, the rights may be expensive, anyone got an idea what maybe one song could cost?
A good place to start would be the The Harry Fox Agency. www.HarryFox.com
"In 1927, the National Music Publisher`s Association established HFA to act as an information source, clearinghouse and monitoring service for licensing musical copyrights. Since its founding, HFA has provided efficient and convenient services for publishers, licensees, and a broad spectrum of music users."
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Never accept a no from someone who doesn`t have the authority to say yes!
http://www.ScratchPadUSA.com
"In 1927, the National Music Publisher`s Association established HFA to act as an information source, clearinghouse and monitoring service for licensing musical copyrights. Since its founding, HFA has provided efficient and convenient services for publishers, licensees, and a broad spectrum of music users."
"With its current level of publisher representation, HFA licenses the largest
percentage of the mechanical and digital uses of music in the United States on
CDs, digital services, records, tapes and imported phonorecords."
Best of Luck,
Joe
-------------------------
Never accept a no from someone who doesn`t have the authority to say yes!
http://www.ScratchPadUSA.com
Hi Kelsey
Location, location, location...Do your homework on the towns demographics regarding competition e.g.; the number of music stores already in the area, are they full service...meaning do they support all musicians from school band to garage bands, do they provide music lessons, instrument repair, school band equipment rentals etc...go to these stores and see what, if anything you could improve on. Do they have an online presence to bring in additional sales. Also take into consideration any of the big chain stores like Guitar Center and Sam Ash that may be in the area...there is a lot of work involved and this is just a tiny sample of the questions you need to answer first.
As far as finding all the top distributors that can provide you with every imaginable product you would need...that`s the ez part and when you get to that level I would be more than happy to provide you with that list...also, you need to subscribe to industry publications like Music Trades Magazine and MMR magazine... these are essential resource publications.
Best of luck on your venture,
Joe
Location, location, location...Do your homework on the towns demographics regarding competition e.g.; the number of music stores already in the area, are they full service...meaning do they support all musicians from school band to garage bands, do they provide music lessons, instrument repair, school band equipment rentals etc...go to these stores and see what, if anything you could improve on. Do they have an online presence to bring in additional sales. Also take into consideration any of the big chain stores like Guitar Center and Sam Ash that may be in the area...there is a lot of work involved and this is just a tiny sample of the questions you need to answer first.
As far as finding all the top distributors that can provide you with every imaginable product you would need...that`s the ez part and when you get to that level I would be more than happy to provide you with that list...also, you need to subscribe to industry publications like Music Trades Magazine and MMR magazine... these are essential resource publications.
Best of luck on your venture,
Joe
-------------------------
Never accept a no from someone who doesn`t have the authority to say yes!
http://www.ScratchPadUSA.com
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