How do I start my own guitar company?

How to Start Your Own Guitar Company

1. Consider the dynamics of your new guitar company.
2. Assemble a business plan.
3. Apply for a business loan, unless you have enough money to finance the endeavor.
4. Hire an accountant to help you set up your new business accounting system.
5. Lease your storefront and warehouse.

Is it possible to make a guitar?

Building your own guitar isn’t without it’s challenges, but they’ll be less daunting if you know what to expect. Time – Building a guitar is not an afternoon’s project. Finding and acquiring parts will take time. Drilling, routing, cutting, gluing and sanding all take time as well.

What do you call a guitar maker?

A guitar luthier is a skilled craftsman who makes and repairs guitars. Like most careers in the music field, the work of a luthier isn’t something you can learn overnight.

Do guitar shops make money?

How does a musical instrument store make money? A retail musical instrument shop buys at wholesale prices and then marks up the price by an average of 40\% to sell to consumers. For example, the wholesale price of a quality guitar might be $300 and that guitar would sell for $420, giving the store $120 in profit.

How do I become a luthier?

Attend a Luthier school and get a degree or certificate. You can also apprentice with a more experienced Luthier in their workshop. You’ll learn how to repair, design, and craft instruments. You should have skills in woodworking, design, and performance.

How much does it cost to open a guitar store?

Inventory investment can be very significant and an average store will carry about $50,000 to $100,000 in inventory.

How much do guitar sellers make?

According to a CNN Money article on Guitar Center, a national music store chain, its salespeople are paid minimum wage that go with commissions and bonus earnings. The CareerBliss website says salespeople at Guitar Center make $30,000 to $39,000 annually, far above minimum wage earnings.