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How to calculate the monetary value of a piano lesson?

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How to calculate the monetary value of a piano lesson?

There are many people with musical interests who wish to learn to play instruments on a daily basis. Both as a hobby and for professional reasons. That is why if you know how to play piano professionally, you can start to work giving piano lessons to other people. To help you with this, today we will be explaining how to price piano lessons.

Factors to take into account when pricing piano lessons

Entering the world of music lessons is no easy task. You need to be sure that you have all the musical knowledge you need to start teaching music lessons. In addition, preparing for piano lessons involves planning not only the learning strategies, but also the costs of the lessons in question.

While you can start by looking at the prices that other private piano tutors charge, it is best to do the math on a case-by-case basis. Since only you can determine how much time and money you need to invest in order to become a piano tutor.

Teach piano lessons

For that reason, when planning the cost of this, you should take several factors into account. All of them should be considered according to your personal case so that you can get the most out of the job. Therefore, below, we will talk about the main factors to take into account when pricing piano lessons.

Your academic background counts

The main factor that should influence the cost of your lessons is your academic background. If you have an academic degree that certifies you as a music or piano teacher specifically, your lessons will be worth much more than someone who gives lessons as a beginner.

This is not to say that for a beginner this is not a good job. You can always demonstrate the experience you have with the lesson itself. However, as long as you have a professional qualification you should always be able to show it.

The instrument to use

On the other hand, you should consider whether the instrument to be used will be placed by you or by the student. If the student places it, this will be perfect. But, if you have to place it yourself, this implies an extra expense on your part.

If you already have your own piano, everything is perfect. If you plan to have lessons at home, everything will be fine. But if you are just starting out and don't have your own piano, you will have to make an initial investment that you will have to recoup with the price of your lessons.

Your student's goal

Now, you should know that your student's goal with piano lessons also plays a fundamental role. It is not the same to teach piano to a child who wants to learn as a hobby, as it is to teach it to an adult who wants to learn more professional techniques. This is something you should always take into account when pricing your lessons.

Commute costs

It is also essential that you take travel costs into account. Whether you are travelling in your own car or by other means of transport. These are expenses that should be covered by the price you set for your private lessons. However, if it is the student who will come to your home, you can omit this.

Profit margin

Last but not least, it is essential that you add to all of the above the profit margin or percentage you wish to obtain from the classes in question. Only in this way will you be able to obtain the monetary remuneration that makes this idea an excellent work option.

price your piano lessons

Also, remember that if you decide to work professionally, you will have to declare the private classes. For this, many people use the help of a professional accountant and this is an extra expense that you also have to cover with the cost of your classes.

Estimated price you could value your piano lessons

If you would like a list of estimated costs you could put on piano lessons, we can help you with this. Of course, remember that it becomes very important that you choose the price according to the above mentioned criteria. But, in order for you to have an estimate, we will leave you a list from which you can be guided:

·         For online classes: From 10 to 30 euros per class.

·         Classes for children: 10 to 15 euros per class.

·         Classes for teenagers: From 15 to 25 euros per class.

·         Classes for adults: 20 to 40 euros per class.

Want to find interested students quickly?

Now that you know how to price piano lessons, you will certainly have a better idea of how to budget for this. Now it's time to find students interested in piano lessons to start working with. To do this you should advertise your services in the best possible way.

If you wish, you can advertise your services as a private piano teacher on our WeSmartly website. This way you will be able to reach a larger number of interested students who will contact you to hire your services.

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