How to open your music store

Selling musical instruments and related equipment is a rather specific, but promising business. Opening a music store will require considerable expenses, however, due to the demand for these products and the underestimation of the market, your investments can pay off very quickly.

You will need

• - a package of documents for registration as an IP or LLC;

• - premises for the store;

• - trade equipment (cash register, shop windows).

Instruction manual

1

Determine the future assortment, the criteria for choosing the premises for the store will depend on it. As a rule, a music store presents several types of acoustic and digital instruments, accessories for them, as well as sound and lighting equipment. You can limit yourself to selling, for example, only guitars and related accessories, thus saving on the area of ​​the store. However, keep in mind that the wider the assortment, the more categories of buyers you can attract.

2

Find the room where you will open the store. Typically, opening a store of musical instruments and sound equipment requires a spacious room, since instruments such as, for example, piano take up a lot of space. In addition, the buyer should be able to come up and try how the instrument sounds. A room for a music store does not have to be in a shopping center, you can rent a separate pavilion, but in a crowded place with convenient parking.

3

Having determined the assortment and choosing a room, issue all the necessary documents. If you are opening a store for the first time, you should entrust the design of a package of documents to a law or accounting firm. Formal procedures can take a lot of time, be prepared for this.

4

Having registered as an individual entrepreneur or LLC, buy the necessary trading equipment (cash register, display cases, racks) and search for suppliers of products. After comparing the working conditions, select those from whom you plan to cooperate. An important point in the contract may be the ability to work on order; this is especially important if the area of ​​the future store is relatively small.

5

In the business of selling musical instruments, the presence of qualified sellers plays an important role, therefore, approach the selection of sales personnel with special responsibility. Firstly, the seller in the music store must have the skills to play any instrument and understand the brands, and secondly, have sociability and goodwill. When hiring a staff, do not forget about the cleaning lady, security guard (if you plan to open a large store), an accountant.

note

If you plan to sell large-sized instruments (pianos, grand pianos), an additional plus will be the availability of goods delivery services in the city.

Useful advice

To advertise a music store and attract new customers, use methods such as organizing autograph sessions, concerts, renting individual instruments or equipment. In addition, the advantage of having your own online store.

How to open a music store