Musical Instrument Supplies Business

The musical instrument supplies business will become an online supplier of all major musical instruments, parts and accessories.

 

  • Description

Description

 Market Research

Musical instruments refer to tools or devices that are used to create musical sounds. Musical instruments are made up of materials such as wood, metal, string, and non-durable materials. Some of the most commonly used musical instruments are guitar, piano, wind instruments, keyboard, and percussion.

Analysts forecast the global musical instrument market to grow by revenue surpassing USD 18 billion during the period 2016-2020.

There were over 50,000 people monthly in Australia searching for various musical instruments.  This included 27,000 searches for guitars, 9900 searches for violins and 8100 searching music stores. Worldwide there were over 246,000 searches for musical instruments with 1,500,000 searching guitars.

Please Note: The data shown above is derived solely from the Google search engine and does not consider search data and volume from other search engines.

The Potential

The musical instrument supplies business will become an online supplier of all major musical instruments, parts and accessories.

The business owner will be able to supply both consumers and businesses in Australia and various other countries with both pre-branded and with custom branding and packaging.

Profitability

Using the search data above, we take the sale price of a typical acoustic guitar being $200. Purchasing this directly from our Manufacturer will cost approx $70, giving this product a markup of approx 190%. Therefore, if profit is $130 and you converted 0.1% of the 27000 monthly searches for guitars, your revenue will be $130 x 270 (Sales) = $35,100 / month ** Minus Advertising Costs.

** Please keep in mind that any potential earnings or income mentioned is general in nature and dependent on a variety of factors. It is to be used strictly as a guide only.

*** Profit potential also doesn’t include other forms of advertising that can be employed by the owner such as B2B email mailouts, Facebook & Instagram Marketing, Online support groups and more.

Suppliers

Suppliers for this business have been sourced and verified for this business from multiple countries and have been trading for over 5 years. Minimum stock order requirements are very low and certain products have no minimum requirements.

Our import team will always negotiate and liaise with suppliers to enquire that not only are products are of the highest quality, but pricing is always excellent including shipping costs.Furthermore by designing your own custom packaging and stationery, brand awareness will drive higher levels of traffics and sales.

If carrying your own stock or branding is not something that is essential, then this business can be operated solely on a drop ship basis which doesn’t require the operator to hold any stock. This alternative model for this business allows for products to be directly shipped to customers without carrying any stock.

Our system provides  automatic stock level updates, in-built supplier verification system and one-click ordering from various supplies from a marketplace consisting of over 10,000 suppliers.

Inclusions

  • Domain Name Research & Suggestions
  • Transfer & Ownership of domain name.
  • Professionally Designed Logo
  • Australian Developed Ecommerce Ready Website.
  • Custom Designed Website Graphics
  • Page Content Writing
  • Product Import Management
  • Reliable Supplier Contacts
  • Supplier Liaison and Price Negotiation
  • Product Catalog Setup & Import
  • Product Category Set up
  • Import of 200 – 350 Products
  • Transfer of Hosted Database
  • Set up of New Hosting and Transfer
  • Built-in Advanced Drop-Ship System
  • Automatic Supplier Score Feature
  • Custom Stationary Design
  • Ownership of all master graphics, banners and logos.
  • Instagram Business Account
  • Facebook Business Page
  • Custom Facebook Marketing Campaign
  • Google AdWords Campaign
  • Ebay Shop Integration
  • Accounting Software Integration
  • Site Speed Optimization
  • Search Engine Optimization
  • Multi Currency Converter
  • Custom Designed Facebook Adverts & Banner
  • Stripe / Afterpay Payment Setup
  • Paypal Payment Setup
  • 50+ Hours of Marketing Training Videos
  • Personal 1 on 1 Training Sessions
  • 12 Months of Support by Email, Skype and Phone
  • Lifetime Business Technical Support

More Information

For more information and to answer any more questions you may have regarding this business opportunity, please do not hesitate to contact us .