Hello there,
I've been having a bit of a challenge coming up with an idea for a business that doesn't require a large infusion of investment capital but at the same time has the potential to generate up to $200k per month (as per the Millionaire Fastlane book) at some point.
I'm a musician myself with a saxophone website and a successful saxophone instructional info product to my name. I see that there are quite a few "learn how to play guitar" sites, as the guitar is BY FAR the most popular instrument to learn online.
My thought was to create a membership website that would sell not only guitar videos, but also videos for piano, singers, drums, violin, flute and really any other instrument. I would only use excellent music instructors who would produce high-quality videos on their own, and license them to me for 4 months, after which point they could sell the videos on their own website and nowhere else. In exchange I give them exposure they wouldn't get otherwise and a very high percentage of each video sold (maybe even 90-ish percent to entice them at first).
Questions:
Very curious to get your feedback if you have a moment.
Thanks!
Doron
I've been having a bit of a challenge coming up with an idea for a business that doesn't require a large infusion of investment capital but at the same time has the potential to generate up to $200k per month (as per the Millionaire Fastlane book) at some point.
I'm a musician myself with a saxophone website and a successful saxophone instructional info product to my name. I see that there are quite a few "learn how to play guitar" sites, as the guitar is BY FAR the most popular instrument to learn online.
My thought was to create a membership website that would sell not only guitar videos, but also videos for piano, singers, drums, violin, flute and really any other instrument. I would only use excellent music instructors who would produce high-quality videos on their own, and license them to me for 4 months, after which point they could sell the videos on their own website and nowhere else. In exchange I give them exposure they wouldn't get otherwise and a very high percentage of each video sold (maybe even 90-ish percent to entice them at first).
Questions:
- With a ton of hard work, do you think that a massive virtual shopping mall of music instructional videos could one day generate $200k per month?
- What do you think it would take to cause a high-level music teacher to create a well-produced instructional video on their own?
Very curious to get your feedback if you have a moment.
Thanks!
Doron
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