How To Earn More Money Teaching Guitar
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Want to earn more money teaching guitar?
You're not alone.
And the good news is...
This guitar teaching article will show you how.
The first step to increasing your income as a guitar teacher is:
Recalibrate your expectations for what’s possible to earn when you teach guitar.
Here is what I mean:
Most guitar teachers struggle to earn even $40,000 per year. (And think that earning 6-figures per year is an unrealistic goal.)
EMAIL TO GET ACCESS
By submitting your info, you agree to send it to Tom Hess Music Corporation who will process and use it according to their privacy policy.
Meanwhile...
The top guitar teachers (like the ones I coach in the Elite Guitar Teachers Inner Circle)...
... they can earn multiple 6-figures per year, teaching guitar part-time.
How are they doing it?
Well, that is what this article is all about.
Here are 6 ways to earn more money teaching guitar:
Now, let’s unpack each one in more detail:
Secret #1 To Earning More Money Teaching Guitar: Teach Guitar In Groups
When you have multiple students paying you for the same hour, you can easily make the hourly rate of many doctors and lawyers.
Don’t believe me? Let’s try some guitar teaching math:
Take the median US doctor salary of $277,000 per year. (Source: Google.)
Given that many doctors work 60 hours per week (Source: Google) and assuming 50 working weeks per year, that’s about $93 per hour.
Meanwhile...
If you have just 5 (!) guitar students whom you teach in a small group...
And each of those students pays you $50 per lesson...
Your hourly rate as a guitar teacher is a cool $250.
With a guitar teaching hourly rate this high, you only need to teach guitar about 23 hours per week to make more than a doctor... while working almost ⅓ of the hours.
How To Attract Guitar StudentsLearn how to become effective
at attracting new guitar students.
Earn Big Money Teaching GuitarLearn 11 steps to take right now
to make more money teaching.
Why Tons Of Guitar Teachers FailFind out why most guitar teachers
are unable to make a good living.
Let that sink in.
Now, granted...
In this example, you’ll need a whopping 112 students to match the doctor’s annual income.
Which isn’t “easy” to get by any means.
And frankly, few guitar teachers even have the ambition to earn ‘that’ much money anyway.
That’s why many start to coast after getting just 40-60 students.
But if you DO care about earning a lot of money and want to earn more money teaching guitar…
You should know that your income ‘potential’ as a guitar teacher is freaking HIGH.
(And if you teach guitar in groups, you won’t have to work crazy hours to hit your financial goals.)
So, that is how the top performers in the Elite Guitar Teachers Inner Circle are indeed managing to earn even more than the doctor example above.
Some have reached this level in their 20s... after just a few years of EGTIC training... and they’ve done it WITHOUT taking on piles of student-loan debt like a typical doctor does.
Secret #2 To Earning More Money Teaching Guitar: Keep Your Guitar Students For As Long As Possible.
If I had a choice between getting 2x as many guitar students and keeping my ‘current’ students 2x longer, I’d choose the latter every time.
Here is why:
- Keeping guitar students longer instantly reduces the amount of stress and work that goes into running your guitar teaching business.
This means, you can focus more on teaching the students you have instead of constantly scrambling to replace those guitar students who quit. This makes it easier to turn your guitar students into better players and grow your business organically, through word of mouth and referrals. - It makes every new guitar student you acquire worth so much more in terms of lifetime value. (i.e. the amount of money they spend with you over the course of your relationship.)
- (Because of point 2 above) It allows you to spend more on marketing than other guitar teachers than you would if your average retention was less.
All this makes it much easier to earn more money teaching guitar.
Secret #3 To Earning More Money Teaching Guitar: Advertise All Year Around – ESPECIALLY In The Summer And When The Economy Is Down.
Yes, it is true that fewer guitar students look for lessons during the summer (and when the economy is down and many people are cutting back on spending), but:
- There are always ‘some’ guitar students who are looking for lessons. People never stop spending money, no matter what the economy is doing. This includes discretionary spending on entertainment, alcohol, vacations, smartphones, luxury cars and eating out.
Spending money on guitar lessons is no different. - It’s far easier to attract those (remaining) guitar students to you during the slower times because most guitar teachers (foolishly) stop advertising. This means you become the only guitar teacher on those students’ minds and it takes less effort to get them to begin lessons with you.
Not advertising throughout the year is one of the big reasons most guitar teachers never make 6-figures per year (and why so many struggle to earn more money teaching guitar).
Secret #4 To Earning More Money Teaching Guitar: Build Your Guitar Teaching Business Geometrically.
Most guitar teachers are trying to grow their business on hard mode.
By that, I mean:
They ‘only’ focus on acquiring more students.
But if that’s all you do, you’re ignoring 5 additional ways to level-up your income and help a lot more people.
These include:
- Lead generation (Getting potential students to contact you). This way, even if you get the same % of people to start lessons, your business grows faster.
- Getting old students to come back to take lessons with you again. This is typically much easier than getting brand new students. (Since your older students know, like and trust you a lot more.)
- Retaining your current students for longer – so you don’t have to constantly fill holes in your schedule just to keep your income from going backwards.
- Getting “pre-sold” referrals from your current students who come to you after seeing their friends become awesome players.
- Building your mailing list of guitar players who are not ready for lessons ‘right now’, but may be soon.
When you focus on all these areas geometrically (at the same time), you grow your business much faster.
You only need to improve a little bit in each area to see very sizable growth in your guitar teaching business and earn more money teaching guitar without working 100 hours per week.
Secret #5 To Earning More Money Teaching Guitar: Help Your Guitar Students Set New Goals As They Get Closer To Reaching Their Current Ones.
This makes it more likely that they’ll stay with you longer and (in the process) become more likely to refer their friends to you.
It also can give you ideas for creating new guitar classes for your current students and help you earn more money teaching guitar even while losing students… especially if you are building your guitar teaching business the geometric way.
Secret #6 To Earning More Money Teaching Guitar: Consistently Level-up Your Guitar Teaching Skills.
This helps you grow your guitar teaching business (and income) through word of mouth from your happy guitar students.
Here is a demonstration of what ‘leveling-up’ your guitar teaching skills looks like:
When you improve your guitar teaching skills, you not only turn your guitar students into better players…
You also increase your confidence to market yourself because you know how much you can help the struggling guitar students in your area.
Now that you know the basics of how to earn more money teaching guitar, the next step is to learn how to fill your guitar teaching schedule with eager guitar students and reach your income goals as a guitar teacher faster than you ever thought possible. I show you how in my eGuide: This Will Get You A Lot More Guitar Students. Download it today and discover the guitar teaching secrets most guitar teachers will never know.
Learn how to become a successful guitar teacher.
