How To Open A Music Or Guitar Store pt2

[@0HORNMASTER0]

"Dont listen to someone who doesn't do what you want to do" Wow that right there man Thanks ha

[@DjissarHtown]

You're a great influence.. appreciate

[@ChristopherMichaelMusic]

thanks for the info! Thinking seriously of opening a music store in my hometown.

[@davidlockwood3782]

Nothing but respect for what you do Ryan. Competing with the huge nationwide retailers has got to be tough. Next time I am ready to make a purchase, I will call you first!

[@TheJoshSchneider]

Just watched both of your videos! Very Very informative! You explained it all so good! I am 32 years old. I have been playing guitar since 7th grade. I have a ton of gear. I don't have any business knowledge or music degree. I do have some sales experience. Your video is awesome. Thank you, there is much to look into and much to consider.

[@capiseric]

I can't tell you how much I appreciate these videos. I first found your KZbin videos through following Andertons and Rob and I was hoping you'd have something posted on how you came to own your own business. I'm happy to know a degree in small business and entrepreneurship is not required... Although I'm sure it wouldn't hurt. Greensboro Ga needs music and life and I'm going to "work my butt off" to make it happen. Thanks for the advice and encouragement.

[@nwsrcphotog]

Great video! Wonderful insights and suggestions!

[@CameronWeckerley]

Awesome, and realistic...thanks for taking the time to do this!!

[@joachimedras]

Great You said everything I Want to Hear Good job keep It up

[@eydiegarcelon8889]

Thank you for the videos! I have had a dream for years now, to open my own music store. Just tonight, decided to check out You-Tube and your videos were the first I came across. Very informative. Some new ideas, things to look into, etc. Thanks. Also wonder, after your 2 videos here... are there more?

[@e.l.weinstein1626]

this was really helpful. thank you so much!

[@RNAMusic]

Hey thanks David! Appreciate the kind words.

[@jasoncrump1886]

Appreciate your vids brother . Me and a friend of mine are about to get us a store going . 2020 it's on.

[@RNAMusic]

Best of luck to you! My advice would be really build out the lesson program and/or tech repair service side of things. Retail sales Alone is incredibly brutal, but if you can serve your local community with lessons and service that can be a huge revenue stream.

[@jasoncrump1886]

@@RNAMusic yes thanks man . We both play guitar and my buddy is actually taking home studio lessons now so we can get good at recording music too. Appreciate you brother.

[@Black-Jack-2022]

I enjoy your vedios. I would like to own a music Store.

[@RNAMusic]

Thanks! This is a few years old… I should probably do an updated version!

[@courtnrysalamone7677]

If I wanted to do lessons, but don't necessarily want to teach them myself, from a business standpoint, is it better to open up a few rooms in my building and rent them out to people who want to do lessons in my building, or to hire people to do the lessons in my building

[@RNAMusic]

Depends on how much control you want, financially probably rent out the rooms. Like stylist rent station in salons and barber shops. If you want any say in how they teach or treat customers coming into your facility, you’d have to hire them. Which costs more.

[@sidneysnottley6414]

Interesting vid - How about a vid on the 'hopefully' avoidable pitfalls - Traps for young players so to speak. .. Cheers.

[@benjiarehart2878]

Great video. I'm 53, and been thinking about opening a drum store for a few years. I've played for 40 years, and still love learning, and playing, and no, your never too old to learn. I appreciate your advice, it really is very insightful, and helpful. I appreciate the time you took, to help us who are thinking of chartering the unknown. I still need to do a lot more research though. Today is the first day that I've started seriously researching, and your videos are the first I've watched. Thx.

[@Xst0neX4]

nice video.. if you make another can you go more in depth with loan, or if youre selling music how to contact the right people, and financial .. thanx in advance keep rockin brotha

[@markcinelast]

thanx for your video, im enlightened. im thinking to start a music store in japan. im figuring out how much money will it takes, and searching for a company dealer. thanx man.

[@Guitars77OA6]

How long does it take to record a song and how much equipment would a person need to record.

[@CameronWeckerley]

Please make more!!!!!!!!

[@gerryalabado180]

very good info on both videos.....what about getting a grant as to fund start-up costs?

[@bennettmusiclabs9382]

Grants are a myth. its easier to win the lottery than to get a Grant

[@jameshenderson5945]

what type of business are you registered as? An LLC?

[@MrEmohdee]

ROCK ON

[@aldrichsaavedra9330]

👍👍

[@thelonghaul5214]

What kind of time-line do you think i can expect if i start out carrying a lesser known brand, to say carrying multiple brands, then more popular brands? for instance start off with chapman's, and work up to fenders? also should i focus solely on one department at a time? guitar and amps, then add bass, drums etc? plus peripheral accessories, straps, strings picks and the like? there is only one guitar store in the county, and i'm pretty sure they sell drugs out of it, their selection is awful! the only product worth buying there are the Yamaha acoustic guitars. they have some squiers, and a couple fender mustang series amps, and misc. used gear and pedals. they run a bicycle shop out of there in one corner. I'm thinking if a ran just a small operation to start i could easily stral the market, and then start working on youtube advertising, and set up an online store as well. what are your thoughts?

[@RNAMusic]

christaphor longstreet great questions. I wouldn't start with chapman personally, it's a huge cash investment up front and you will tie up a ton of money for not necessarily a high profit margin line. I would start with a more well known line that you do not have to order so many of at a time. Schecter, LTD, Washburn etc. Also I would invest in acoustics first. That was a mistake I made in the beginning starting with electrics. Acoustics out sell electrics by a fairly good amount. Guitars are more popular and easier to sell than drums so I would focus on Guitars and accessories like strings picks cables drumsticks drum hearts microphones straps tuners etc. accessories and Guitars first, then once that is profitable and sustaining itself you could move into drums themselves. When starting out avoid taking huge financial risks like massive buy ins. There are smaller but well known companies that will usually work with you depending on your location and size.

[@RNAMusic]

A brand like Washburn or Schecter make electrics and acoustics so that is something to look at. Fender and Gibson are huge financial commitments, and not always easy to work with.

[@thelonghaul5214]

thanks a ton, great info. i would just love to see a reall music store in my area. i love music, i've been a music bum since i was 15, and i'm 42 now. i'm not what i would consider a pro, but i'm a fair guitar player and good singer. would you include pedals as a part of that guitar peripheral too? and if i go acoustics first, would acoustic combo's and p.a. be a good investment as well?

[@stratomanyjm3725]

Im thinking of a used store wit guitars amps gear buy sell trade lessons repairs between my brother and i we must have 60 guitars and 20 amps to get started

[@GuitarZen83]

+stratoman YJM That's great. Have you started yet? Im thinking about doing the same.

[@tomholt3944]

Hi how much will it cost to open a small guitar store, roughly

[@bennettmusiclabs9382]

the best answer to that is just how successful do you wish to be and how fast do you wish to reach that goal. it appears that that Golden ratio is greatly dependent on how much work/time/money you pour into it. and where it gets really interesting is you can trade work for the money or money for the work or the time. but its MUCH easier if you have LOTS of money to start.. than if your working with very little cash and you try to make the difference by working more or putting in more of your time.

[@LeonTheTattooer]

What about bank financing?

[@bennettmusiclabs9382]

Ben there and done it.. its expensive to borrow and you ultimately realize that you;ve become the banks personal slave for several years.. but it can be done.. just don't delude yourself into thinking its gonna be "easy" iIT WILL BE ANYTHING BUT easy.

[@RobertBakerGuitar]

Comment test

[@RNAMusic]

Hey there. Well that's weird, I can reply to yours but not any others. There was a reply button under your name.

[@theunnownprodigy]

+RNA MUSIC Late response...only like 2 years lol...a few of the newer comments have the reply there, but the rest don't. huh.

[@CameronWeckerley]

+Ben Pinola My reply is super tardy too, but I really enjoyed the videos....!

[@Robstafarian]

Make with the details, man. Why are you holding out on us?