At some point - we all need more income.
Just a few years ago, I was in this situation. Within a very short span of time, our dog had expensive (!) medical problems, my husband took a significant pay cut, and my son was diagnosed with Type 1 Diabetes. It was completely overwhelming.
While I was grateful that our dog made it through, my husband didn't lose his job, and our son was still alive, it was absolutely one of the hardest times in my life. Both emotionally and financially.
I remember one day, finishing up a piano lesson, and feeling good that something was going right. My students were doing fantastic and it felt like I was making a difference in their lives. Plus - I was having fun!
At that very moment that I decided I needed to transition from "hobby to career." Seriously - I remember actually making a decision. I just "decided" and then I got to work.
You can do it too!
I know it's only January, but NOW is the time to start crafting a plan if you want to earn more money this summer.
Here are 4 things you can do to UP your income:
1. Start a referral policy
When I needed to get more money, the first thing I did was enlist the help of my current families by offering a referral credit.
But there was a twist.
Parents are busy. They won't hurry to pass your name around unless you give them a really, REALLY great incentive.
This blog post details exactly how I made a referral policy work for me. Try it. You have nothing to lose.
2. Offer summer Camps
Parents want their kids to do fun activities during the summer. Why not offer a piano camp? It's fun AND educational.
Better yet - If you offer a MUSIC camp instead of a piano camp, your students could bring a friend and you could really UP your profit. (Some of those kids might have so much fun that they actually register for piano lessons.)
Check out this post and this post for tips on how to have a successful summer camp. (And of course this is a wonderful resource!)
3. Teach online lessons
You probably know that online lessons are great for make-ups, but they're also a fantastic way to build your studio.
With the power of the internet, you can literally teach students across the globe!
One warning - Don't fall into that trap of thinking you should charge less money for online lessons. Why would you? You still have the same qualifications, lessons are the same amount of time, and you're teaching the same material. Don't lower your rate. In fact.....
You might consider charging a higher rate. That's what I'm doing right now. Yep, my Skype-only students actually pay MORE.
Why? When I lived in Dallas, my rates were higher. After we moved to a smaller city, I needed to lower my lesson fees, but I kept my Dallas students at the same rate even though they transitioned to online lessons.
Online lessons could certainly be a game-changer if you need more money. Definitely consider this option if you want to build your business. (If you're uncomfortable with this, Online Lesson Academy will help!)
4. Consider adding Lab time
Piano labs are a win for everyone. YOU earn extra money, while your students get more learning time.
All too often, teachers rule out piano labs because they worry it'll cost too much to implement. That's not the case at all!
The truth is that labs can add extra income - with no extra time or expense on your part. Learn all about here.
If you're serious about making more income in 2018, I hope these ideas help you out. Remember - NOW is the time to start making plans. Summer will be here before you know it!
Hi there! I'm Tracy Selle. A Christian wife, mom, and author of 101 Piano Practice Tips. I'm also a piano teacher and founder of Upbeat Piano Teachers.