Space requirements:
To give guitar lessons from your home you are going to need to set up a music studio in your home. You can set aside a small room in the basement and turn it into a music studio or you can turn a spare bedroom into a music studio. Since it is just going to be you and one student at a time you are not going to need a very large room, you just need to think about how the guitar is going to sound in certain rooms when making your final decision.

Time requirements:
How much time you spend giving guitar lessons is going to depend on how many hours you want to work a day. How much time you spend working is up to you because you are in charge of scheduling your lessons. The one thing to think about is that with guitar lessons they should be private lessons so that your students get your individual attention, which can help them focus better on what they are doing. You need to keep this in mind when scheduling your lessons because you don't want to overlap your lessons. More advanced players might want one or two hour lessons, while beginners will probably only need one-hour lessons to start.

Income potential:
5 - Giving guitar lessons is a great moneymaker, especially if you are giving out private lessons. By giving private lessons from home you can make anywhere from $50 to $100 per lesson. How much you can make is going to depend on the supply and demand. If there are a lot of guitar instructors you will need to lower your price per lesson to be competitive with other instructors. If you are, the only instructor around you can charge the higher price. Just keep in mind that the top price you can charge is also going to depend on the area that you live in.

Keys to success:

• You are going to have to be skilled with the guitar, if you have no idea on how to play the guitar than you are not going to be successful at giving guitar lessons. In order to teach lessons you will have to know everything that there is to know about guitars, including the different types of music and techniques that you can use.


• In order to be successful with guitar lessons you are also going to need to advertise your business. One of the best ways to advertise your business is to print up fliers or business cards and either pass them out around town or post them in local locations. You can also talk to local music stores to see if they would be willing to spread the word about your new business or allow you to leave business cards for customers to pick up if they are interested.

• Perhaps the biggest risk that you face when giving guitar lessons privately is that your students are not going to show up and won't even bother to tell you ahead of time, they simply become no shows. If this happens, it is going to affect the money that you make, unless you take certain steps to prevent it. The best thing that you can do to prevent this is to have a contract drawn up that states music lessons will need to be paid for in advance and the only time that a credit is issued is if the lesson is cancelled 24 hours in advance or if you have to cancel the lesson.