Online music is experiencing a phenomenal success. With MP3, a myriad of websites such as Napster, Mininova, Kazaa proved that music on the Internet has a future. The online music store has the advantage of providing users with a wide selection of music. This leaves plenty of room for new busniesses wishing to specialize in specific types of music such as electro, hip hop, or any other kind.
SKILLS REQUIRED
A music center is not only the sale of items of music and instruments online, we also provide useful information to customers. For this, you need to be familiar with the types of music and instruments.
COST TO START BUSNIESS
The initial cost to start the busniess from 4 to 20k dollars. These costs include: a computer, administrative software and e-commerce, a printer, a scanner and a digital camera. Your website should be designed, developed and hosted. Other costs (not included in those listed) will be advertising your website.
SKILLS REQUIRED
A music center is not only the sale of items of music and instruments online, we also provide useful information to customers. For this, you need to be familiar with the types of music and instruments.
COST TO START BUSNIESS
The initial cost to start the busniess from 4 to 20k dollars. These costs include: a computer, administrative software and e-commerce, a printer, a scanner and a digital camera. Your website should be designed, developed and hosted. Other costs (not included in those listed) will be advertising your website.
NUMBER OF EMPLOYEES TO START
It depends on how you start that busniess, but it can be a full time job for one person. However, if you want to provide a more substantial number of services or sell larger volumes, you should increase the number of employees accordingly.
INTERNATIONAL POTENTIAL
Using the Internet, you have access to the global market. However, high shipping costs and different musical tastes between different continental markets can limit yourself to your own continent.
BUSNIESS ASPECTS IMPORTANT TO BE STUDIED
You must have competitive prices because your customers will look for the most attractive prices on the Internet. Beware of sites like AMAZON.COM or CDNow.com that offer good discounts. Sites such as MP3.com allow downloading of music on the client computer, so burn them to a CD, have an impact on the sales of CDs online.
ONLINE MARKETING TECHNIQUES
- You can organize the weekly contest on your site for free music articles. You can ask visitors if they want to be notified of the outcome of the game by e-mail. This will keep them coming back to your site.
- Develop a strategy based on exchanging links. Generate the largest possible number of links to your site from other sites.
- You can put on the front page a product that would change every week. This will allow customers to return to visit your website regularly to see what has been put forward.
- The launch of a strategic banner advertising on the websites target market would be a great way to increase the number of visits to your site.
- You can use a newsletter for you to advertise and keep consumers interested aware of your services.
ADDITIONAL INCOME
You can expand your busniess by selling products such as t-shirts, hats, and other items.
It depends on how you start that busniess, but it can be a full time job for one person. However, if you want to provide a more substantial number of services or sell larger volumes, you should increase the number of employees accordingly.
INTERNATIONAL POTENTIAL
Using the Internet, you have access to the global market. However, high shipping costs and different musical tastes between different continental markets can limit yourself to your own continent.
BUSNIESS ASPECTS IMPORTANT TO BE STUDIED
You must have competitive prices because your customers will look for the most attractive prices on the Internet. Beware of sites like AMAZON.COM or CDNow.com that offer good discounts. Sites such as MP3.com allow downloading of music on the client computer, so burn them to a CD, have an impact on the sales of CDs online.
ONLINE MARKETING TECHNIQUES
- You can organize the weekly contest on your site for free music articles. You can ask visitors if they want to be notified of the outcome of the game by e-mail. This will keep them coming back to your site.
- Develop a strategy based on exchanging links. Generate the largest possible number of links to your site from other sites.
- You can put on the front page a product that would change every week. This will allow customers to return to visit your website regularly to see what has been put forward.
- The launch of a strategic banner advertising on the websites target market would be a great way to increase the number of visits to your site.
- You can use a newsletter for you to advertise and keep consumers interested aware of your services.
ADDITIONAL INCOME
You can expand your busniess by selling products such as t-shirts, hats, and other items.
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