I don’t know about you, but I feel like things are getting more and more expensive and money is getting harder and harder to come by. As piano teachers, we don’t get raises every year, (neither do most workers these days). Many teachers are nervous about raising rates, in fact, many teachers I know have not raised lesson prices in years. This post will focus on 10 ways to make your piano studio more profitable without raising lesson rates. I’m not talking about a few dollars here and there. These relatively painless tips can increase the profitability of your piano studio by thousands of dollars per year.
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There are always questions coming up about piano studio policies. Recently I was asked to help draft a studio policy for the Arts Center where I teach. The idea was to come up with several different options and decide on which type of policy would work best for all of the teachers involved. I thought I would share these ideas with all of you.
In my home studio, I am much more flexible with my piano students. This is because I need to travel often to see my family in another state. Being flexible works for me right now.
The bottom line is all teachers need a studio policy so that everyone is clear about what is expected. As the teacher and studio-owner you have the right to set the piano studio policy that works best for your situation.
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We would all like to be THAT teacher. The best piano teacher. The fun one that everybody talks about. The teacher who’s got great students that are awesome players. The one who doesn’t need to advertise because she gets referrals galore from happy parents. I know some teachers like that, I had at least two teachers like that, and I certainly hope to be THAT teacher myself. Here are some things I notice about awesome piano teachers:
Awesome teachers want to be teachers. Great teachers love teaching and sharing music as much as, or more than, performing music.
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