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Promoting your teaching studio

Products


Setting the right fee

The temptation is to keep your price low...don't fall for this.

Setting your fees too low is one of the worst things you can do to promote your studio

It’s one of the toughest decisions you’ll have to make, but is one that can have a tremendous bearing on your ability to attract students. How much should you charge for the lessons you provide?

The temptation is to keep the price low, particularly if your studio is establishing itself. To ensure that when people call you, they are pleasantly surprised by how modest your fees are compared with other teachers they may have spoken to.

Don’t fall for this. Setting your price too low is one of the worst things you can do to promote your studio. You have to remember, you are a service provider, not a retailer, and when people hear your price, they will make assumptions about the quality of your service. So if your lessons are $8 for half an hour, when most other people seem to be charging $15, the caller will start to wonder why you’re so cheap.

In fact, if most other people with similar qualifications to you are charging $15, you should be charging $17. Your price is part of your lobby, and the ticket will sometimes say more to prospective students about your studio than all your copy writing combined.

Think how you would react as a potential client. Let’s assume that you were getting your house painted. Most quotes came in at around $1500. One comes in at $950. Another at $1700. Ask yourself right now—who do you think the best painter is likely to be? Knowing nothing about them except the price, it’s hard to shake the feeling that if you wanted the best job possible, you should at least talk to the painter that charges the most.

Whether or not you actually go for the $1700 job is a separate question, and might be a function of your own financial limitations, but the fact will remain that part of you will wish you could have afforded the premium service—and if you go with a cheaper option, every tiny blemish will have you regretting that you didn’t spend the extra.

Well guess what. Parents who are conscientious enough to be contemplating music lessons in the first place are usually conscientious enough to want a first rate job, and they’ll be quite prepared to pay a couple of extra dollars per lesson to make it happen.

And those odd parents who are think they can save a couple of bucks by going somewhere else? You’re better off without them. When the first question I hear from a parent is "how much are the lessons?", I have lost interest already, because I know their priorities are suspect.

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