You can have it shipped right to your door without having to leave your home. Sam Ash also has well-trained sales associates who are extremely knowledgeable about their products. Here are the absolute best places to buy used guitars online. Best Online Guitar Stores. You have found the perfect business idea, and now you are ready to take the next step. If you’re doing some research online before you buy and decide on a specific model, color and configuration, then buying online is the way to go. They offer free shipping for most items, which really adds up considering how large and cumbersome some musical instruments can be to ship. Musical instrument stores sell new and used instruments to customers. It will help you map out the specifics of your business and discover some unknowns. From my experience, I noticed that the big advantage of buying used guitars online on eBay is that prices seem to be significantly lower than other platforms. eBay is VERY buyer-focused. However, brutal pricing competition and increased loss of market share to online sellers make it difficult to become profitable immediately. In addition, most states require musical instrument businesses to obtain a seller’s permit. When registering a business name, we recommend researching your business name by checking: It's very important to secure your domain name before someone else does. An exciting opportunity currently exists for a full service musical instrument retailer in Albuquerque. They also have all of the gear and accessories you would ever need including amplifiers, pedals, strings, picks, straps, cases and more. Whether you’re looking for a new guitar or a used one, you’ll surely find the right one somewhere on this list. It is easier to help customers if you know how to play the instruments and can make good recommendations based on personal experience. A CO confirms that all building codes, zoning laws and government regulations have been met. Convenience-  Obviously, purchasing a guitar online is much more convenient. If you plan to lease a musical instrument store, If you plan to purchase or build a music instrument store. Choosing the right name is important and challenging. After a major renovation, a new CO often needs to be issued. There’s an incredible selection of musical instruments on eBay. Marketing expense could be budgeted at $2,000 per month. Entrepreneur Quiz: Do You Have What it Takes to Succeed? Our unique marketing schemes include “You Play, We Pay” (whereby a portion of instrument sales and rentals are donated to local school band programs) and “100% Money Back” trade up programs, where customers receive 100% of their purchase price toward upgrading their instrument within one year. Online shopping has obviously exploded in recent history across all industries, and musical instruments are no exception. I hope you enjoyed this post. This helps you separate personal and business expenses by putting your business' expenses all in one place. 9 Steps to Start your Musical Instrument Store, Read our guide to find the best small business credit cards. Exploit the many weaknesses of our local and national competitors to differentiate ourselves from them. In addition, you will get a two-year warranty for every brand new guitar you purchase. Using dedicated business banking and credit accounts is essential for personal asset protection. 800-449-9128. You will need to have enough staff working in the store so that customers do not feel neglected. A strong brand will help your business stand out from competitors. Based on his experience at other local music stores, David Moore conservatively projects sales of over $500,000 in the first year, increasing to almost $700,000 by year three. This separates your personal assets from your company's assets, which is necessary for personal asset protection. ... Why Shop With Us? Get more ideas with our Business Ideas Generator. Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down. LLC formation packages usually include a free year of registered agent services. Your business plan can look as polished and professional as this sample plan. It also builds your company's credit history, which can be useful to raise money and investment later on. Some manufacturers will loan the instruments on consignment to help a new store get up and running. First and foremost, your job is to sell musical instruments and accessories. This way, there are no surprises. You know exactly what you’re getting. We will have the largest selection of School Band and Orchestral instruments  in New Mexico, and will use that advantage to separate ourselves from the competition. Although there are a number of musical instrument retailers in this city of over 500,000 people, there are currently only three very small school band and orchestral instrument dealers; these stores have small selections and short hours.