Fellow music teachers, have you ever wished there was someone you could approach for specific advice on maximizing the earnings and efficiency of the niche market of private lesson teaching? Look no further! I give you your new career guide: David Cutler’s The Savvy Music Teacher.
Having just finished this book, I was extremely impressed with the author’s ability to relate and expound upon the daily struggles of private teaching combined with the provision of various strategies for financial and personal improvement. At times I found myself turning pages with the excitement of a Harry Potter novel!
The book outlines a clear goal: Become the most impactful music teacher possible while earning a yearly salary of $50,000 to $100,000. Is this really possible for us private teachers? I can say, without hesitation, that if you were to aggressively implement David Cutler’s strategies into your financial model of music teaching, you would be well within this figure.
How many unorganized or un-savvy music teachers do you know living week to week, with no concept of their financial future, or present earnings? This sad situation can even sometimes lead to musicians leaving the music field entirely. If this describes you or a teacher you know, this book will be a lifeline for changing your views on earning and managing money, as well maximizing impact on your students.
Even if you consider yourself a highly organized teacher without any more room for financial expansion, this book will outline additional financial avenues you may have not considered, or overlooked, that will enhance your current earnings.
The book is divided into two halves. Part one outlines seven distinct streams of income available to private music teachers. It then outlines detailed steps on how to integrate these into your life, or how to expound upon them. These numerous streams include:
Additional (miscellaneous services)
If you believe you are already implementing these elements into your small business of music teaching, you will be surprised by the many avenues available you may not have considered in each chapter. Specifically for me, I always see a significant drop in earnings during the summer months. I’m teaching as many students as I can, but it is never enough. This book proposes a detailed process on establishing summer camps, and clearly outlines the large financial benefits this type of event can have on your summer earnings.
If you feel many of these categories are not realistic to you, you may be surprised at how easily you will be able to generate extra income from the author’s suggestions. True, not every teacher may be able to integrate every stream into his or her lifestyle, but even getting just a few streams of music income going besides private teaching can really have a positive effect on your bottom line earnings.