Course Title Five Keys to Making Money with RMM. Five Keys to Making Money with RMM RMM =...

Preview:

Citation preview

Course TitleFive Keys

to Making Moneywith RMM

Five Keys to Making Money with RMM

RMM = Recreational Music Making

Five Keys to Making Money with RMM

Recreational Music Making

is simply defined as

MAKING MUSIC FOR FUN

Five Keys to Making Money with RMM

Questions to be Answered:

• Why should I do it?• How is it different from what I’m doing now?

• How/where do I get started?• What resources/people can help me?• What’s the most important thing to know?

Five Keys to Making Money with RMM

FIVE KEYS TO MAKING MONEY WITH RMM:

• SMELL OPPORTUNITY• UNDERSTAND THE DIFFERENCE• UNDERSTAND THE OPTIONS• USE AVAILABLE RESOURCES• FIND THE RIGHT TEACHER(S)

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

DO THE MATH:78 Million Baby Boomers20 Million Seniors75 Million Millennials (12-29) Teens & Young Adults

173 MILLION POTENTIAL CUSTOMERS

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

173 MILLION POTENTIAL CUSTOMERS

Gallup says 82% want to play an instrument = 142 million

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

173 MILLION POTENTIAL CUSTOMERS

Gallup says 82% want to play an instrument = 142 million

Most of them are afraid to try.

Five Keys to Making Money with RMM

82% of people want to play an instrument (8 of 10)

70% 60%

50%Let’s say 40% want to play the piano

Five Keys to Making Money with RMM

82% of people want to play an instrument (8 of 10)

70% 60%

50%Let’s say 40% want to play the piano

30%

Five Keys to Making Money with RMM

82% of people want to play an instrument (8 of 10)

70% 60%

50%Let’s say 40% want to play the piano

30%20%

Five Keys to Making Money with RMM

82% of people want to play an instrument (8 of 10)

70% 60%

50%Let’s say 40% want to play the piano

30%20%

10% (conservatively, say 1 of 10 want to play piano)

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

173 MILLION POTENTIAL CUSTOMERS

If only 1 in 10 wanted to play the piano,that’s 17 million prospective customers.

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

17 MILLION PROSPECTIVE CUSTOMERS

If your market contains only 0.1% (population 300,000)

that’s 17,000 interested piano customers in your area.

(17 million x 0.1% = 17,000)

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

17,000 PROSPECTIVE CUSTOMERS IN YOUR AREA

If you could attract only 5% of them per year,

the most serious ones, that’s 850 serious students in your store.

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

850 SERIOUS STUDENTS IN YOUR STORE

If 25% of them purchased an instrument,that’s 200 more instruments per yearthan you’re selling today.

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

DO THE MATH:200 more instruments x $1500 ave retail = $300K

sales

Population 300,000 = $ 300,000 salesPopulation 1,000,000 = $ 1.0 million salesPopulation 3,000,000 = $ 3.0 million sales

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY

DO THE MATH:200 more instruments x $1500 ave retail = $300K

sales

Population 300,000 = $ 300,000 salesPopulation 1,000,000 = $ 1.0 million salesPopulation 3,000,000 = $ 3.0 million sales

Plus lesson revenue

Five Keys to Making Money with RMM

SMELL OPPORTUNITY

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

– You say: “I’ve already got a successful teaching program”

Five Keys to Making Money with RMM

• SMELL OPPORTUNITY• UNDERSTAND THE DIFFERENCE

– You say: “I’ve already got a successful teaching program”

– Traditional Music Teaching (through individual lessons)

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

– You say: “I’ve already got a successful teaching program”

– Traditional Music Teaching (through individual lessons)– Most are teaching achievement (to top 1-2%)

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

– You say: “I’ve already got a successful teaching program”

– Traditional Music Teaching (through individual lessons)– Most are teaching achievement (to top 1-2%)

»Goal is a high level of performance

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

– You say: “I’ve already got a successful teaching program”

– Traditional Music Teaching (through individual lessons)– Most are teaching achievement (to top 1-2%)

»Goal is a high level of performance»Uses a structured curriculum with recitals

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

– You say: “I’ve already got a successful teaching program”

– Traditional Music Teaching (through individual lessons)– Most are teaching achievement (to top 1-2%)

»Goal is a high level of performance»Uses a structured curriculum with recitals»Teacher is the judge of success

Five Keys to Making Money with RMM

• SMELL OPPORTUNITY• UNDERSTAND THE DIFFERENCE

– You say: “I’ve already got a successful teaching program”

– Traditional Music Teaching (through individual lessons)– Most are teaching achievement (to top 1-2%)

»Goal is a high level of performance»Uses a structured curriculum with recitals»Teacher is the judge of success

Many students cannot thrive in this setting… and quit.

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

– You say: “I’ve already got a successful teaching program”

– Traditional Music Teaching (through individual lessons)– Most are teaching achievement (to top 1-2%)

»Goal is a high level of performance»Uses a structured curriculum with recitals»Teacher is the judge of success

Many students cannot thrive in this setting… and quit.

We’re missing the “rest of the iceberg.”

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

–RMM teaches enjoyment

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

–RMM teaches enjoyment»No stress

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

–RMM teaches enjoyment»No stress»Flexible curriculum and no recitals (solo playing always

voluntary)

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

–RMM teaches enjoyment»No stress»Flexible curriculum and no recitals (solo playing always

voluntary)

»Student is the judge of success

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

–RMM teaches enjoyment»No stress»Flexible curriculum and no recitals (solo playing always

voluntary)

»Student is the judge of success»Everyone succeeds

Five Keys to Making Money with RMM

• SMELL OPPORTUNITY• UNDERSTAND THE DIFFERENCE

– RMM teaches enjoyment– Reaches out to adults, seniors, singles & teens who just want to enjoy music (173 million prospects)

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

– RMM teaches enjoyment– Reaches out to adults, seniors, singles & teens who just

want to enjoy music (173 million serious prospects)– Taught mostly in groups (a key factor in its success)

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE

– RMM teaches enjoyment– Reaches out to adults, seniors, singles & teens who just

want to enjoy music (173 million serious prospects)– Taught mostly in groups (a key factor in its success)

»The interaction among fellow students is as important as the interaction with the teacher.

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE (SUMMARY)

RMM TRADITIONALEnjoyment Achievement

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE (SUMMARY)

RMM TRADITIONALEnjoyment AchievementNo Stress Performance Stress

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE (SUMMARY)

RMM TRADITIONALEnjoyment AchievementNo Stress Performance StressPrimarily in Groups Primarily Taught to

Individuals

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE (SUMMARY)

RMM TRADITIONALEnjoyment AchievementNo Stress Performance StressPrimarily in Groups Primarily Taught to

IndividualsEveryone Succeeds Not All Succeed (Many Quit)

Five Keys to Making Money with RMM

• SMELL OPPORTUNITY• UNDERSTAND THE DIFFERENCE (SUMMARY)

RMM TRADITIONALEnjoyment AchievementNo Stress Performance StressPrimarily in Groups Primarily Taught to

IndividualsEveryone Succeeds Not All Succeed (Many Quit)Huge Market Potential Limited Incremental

Potential

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

– Option 1: In-Store RMM Classes

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

– Option 1: In-Store RMM Classes» Need space for group lessons

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

– Option 1: In-Store RMM Classes» Need space for group lessons» Helpful to have a digital or acoustic piano lab setup

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

– Option 1: In-Store RMM Classes» Need space for group lessons» Helpful to have a digital or acoustic piano lab setup» Need to find the RIGHT teacher

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

– Option 2: Mobilize a Network of Teachers

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

– Option 2: Mobilize a Network of Teachers» Encourage teachers to teach RMM in their own studios

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

– Option 2: Mobilize a Network of Teachers» Encourage teachers to teach RMM in their own studios

» Other venues—churches, colleges, senior centers,

recreation centers, retirement communities, companies

Five Keys to Making Money with RMM

• SMELL OPPORTUNITY• UNDERSTAND THE DIFFERENCE• UNDERSTAND THE OPTIONS

– Option 2: Mobilize a Network of Teachers» Encourage teachers to teach RMM in their own studios

» Teach in other outside venues» Host “celebrations” and “Player’s Clubs” in your store

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

– Option 2: Mobilize a Network of Teachers» Encourage teachers to teach RMM in their own studios

» Teach in other outside venues» Host “celebrations” and “Player’s Clubs” in your store

» This can be your network or an independent network

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS

– Mobilize a Network of Teachers» Encourage teachers to teach RMM in their own studios

» Teach in other outside venues» Host “celebrations” and “Player’s Clubs” in your store

» Can be your network or an independent network » Doesn’t require a big facility or a lab setup

Five Keys to Making Money with RMM

• SMELL OPPORTUNITY• UNDERSTAND THE DIFFERENCE• UNDERSTAND THE OPTIONS

– Option 1: In-Store Classes (the best option)– Option 2: Mobilize a Network of RMM Teachers

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS•USE AVAILABLE RESOURCES

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook

Five Keys to Making Money with RMM

Recreational Music Making HandbookBy Brian Chung & Brenda DillonAlfred Publishing (Item #32783)$9.95 Retail

Designed primarily for piano teachers, but will provide valuable insights for piano dealers and retail salespersons.

Five Keys to Making Money with RMM

• Recreational Music Making Handbook– What styles of music will RMM students want to learn?– Should they be taught with the same materials and

methodology used to teach children? – Will they want to learn individually or in groups?– How can I teach a group with only two pianos?– What replaces recitals?– How does a teacher approach an outside facility?– How much should I charge for RMM classes? – What are the attributes of the best RMM teachers?

Five Keys to Making Money with RMM

Recreational Music Making HandbookBy Brian Chung & Brenda DillonAlfred Publishing (Item #32783)$9.95 Retail

WEBSITE: www.rmmhandbook.com

* Read yourself * Share with your in-store teachers * Share with independent teachers

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD

» Made possible by a grant from NAMM

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD

» Made possible by a grant from NAMM» Sessions taught to hundreds at MTNA Nat’l Conference

Five Keys to Making Money with RMM

• USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD

» Made possible by a grant from NAMM» Sessions taught to hundreds at MTNA Nat’l Conference

» Condensed into 4 hours of valuable “how to” training

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD

» Made possible by a grant from NAMM» Sessions taught to hundreds at MTNA Nat’l Conference

» Condensed into 4 hours of valuable “how to” training

» Features Debra Perez, Brenda Dillon, Autumn Keller

Five Keys to Making Money with RMM

•RMM Teacher Training DVD

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD

Contact Dave Beebe (Madeleine Crouch & Associates) Email: dave@madcrouch.com

Phone: 972-233-9107 Cost: $49.00

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD– RMM Documentary DVD

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD– RMM Documentary DVD

» Helpful for explaining the RMM concept to outside venues

Five Keys to Making Money with RMM

• USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD– RMM Documentary DVD

» Helpful for explaining the RMM concept to outside venues

» View at: www.pianonet.com (click Recreational Music Making tab)

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD– RMM Documentary DVD

» Helpful for explaining the RMM concept to outside venues» View at: www.pianonet.com (click Recreational Music Making tab)

» Can be ordered from the National Piano Foundation (Dave Beebe)

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES– Recreational Music Making Handbook– RMM Teacher Training DVD– RMM Documentary DVD– Curricula and Face-to-Face Training

Five Keys to Making Money with RMM

• CURRICULA AND FACE-TO-FACE TRAINING

BRENDA DILLONCurriculum: Piano for Fun and

FulfillmentDistinctive: Teaching with Two PianosWebsite: brendadillon.comPhone: (919) 381-5683 Email: brenda@brendadillon.com

Five Keys to Making Money with RMM

•CURRICULA AND FACE-TO-FACE TRAINING

Five Keys to Making Money with RMM

• CURRICULA AND FACE-TO-FACE TRAINING

BRENDA DILLONCurriculum: Piano for Fun and

FulfillmentDistinctive: Teaching with Two PianosWebsite: brendadillon.comPhone: (919) 381-5683 Email: brenda@brendadillon.com

Five Keys to Making Money with RMM

• CURRICULA AND FACE-TO-FACE TRAINING

SCOTT HOUSTON Curriculum: Play Piano in a FlashDistinctives: The PBS presence of “The

Piano Guy”“Lead Sheet” based

Website: playpianoinaflash.com Phone: (317) 726-1901 (or Greg 417-353-1810)

Five Keys to Making Money with RMM

• CURRICULA AND FACE-TO-FACE TRAINING

Now has six 8-session courses, NAMM Booth 476

Five Keys to Making Money with RMM

• CURRICULA AND FACE-TO-FACE TRAINING

SCOTT HOUSTON Curriculum: Play Piano in a FlashDistinctives: The PBS presence of “The

Piano Guy”“Lead Sheet” based

Website: playpianoinaflash.com Phone: (317) 726-1901 (or Greg 417-353-1810)

Five Keys to Making Money with RMM

• CURRICULA AND FACE-TO-FACE TRAINING

DEBRA PEREZ and WILL BAILYCurriculum: Musical MomentsDistinctives: Proven Success in a Retail Store Setting

Specific Outreach to Teens Website: everylifeneedsmusic.comPhone: (361) 851-0400

Five Keys to Making Money with RMM

• CURRICULA AND FACE-TO-FACE TRAINING

Five Keys to Making Money with RMM

• CURRICULA AND FACE-TO-FACE TRAINING

Five Keys to Making Money with RMM

• CURRICULA AND FACE-TO-FACE TRAINING

DEBRA PEREZ and WILL BAILYCurriculum: Musical MomentsDistinctives: Proven Success in a Retail Store Setting

Specific Outreach to Teens Website: everylifeneedsmusic.comPhone: (361) 851-0400

Five Keys to Making Money with RMM

•USE AVAILABLE RESOURCES (Summary)– Recreational Music Making Handbook– RMM Teacher Training DVD– RMM Documentary DVD– Curricula and Face-to-Face Training

Five Keys to Making Money with RMM

•SMELL OPPORTUNITY•UNDERSTAND THE DIFFERENCE•UNDERSTAND THE OPTIONS•USE AVAILABLE RESOURCES•FIND THE RIGHT TEACHER(S)

Five Keys to Making Money with RMM

• FIND THE RIGHT TEACHER(S)– A teacher MUST embrace the RMM philosophy

Five Keys to Making Money with RMM

• FIND THE RIGHT TEACHER(S)– A teacher MUST embrace the RMM philosophy– Not based on a teacher’s level of education

Five Keys to Making Money with RMM

• FIND THE RIGHT TEACHER(S)– A teacher MUST embrace the RMM philosophy– Not based on a teacher’s level of education– Trying to apply the “traditional approach” doesn’t

work

Five Keys to Making Money with RMM

• FIND THE RIGHT TEACHER(S)– A teacher MUST embrace the RMM philosophy– Not based on a teacher’s level of education– Trying to apply the “traditional approach” doesn’t

work– Look for a type of person rather than a type of teacher

Five Keys to Making Money with RMM

• FIND THE RIGHT TEACHER(S)– A teacher MUST embrace the RMM philosophy– Not based on a teacher’s level of education– Trying to apply the “traditional approach” doesn’t

work– Look for a type of person rather than a type of teacher– Upbeat, energetic, positive, relaxed, friendly, caring

empathetic, organized

Five Keys to Making Money with RMM

• FIND THE RIGHT TEACHER(S)– A teacher MUST embrace the RMM philosophy– Not based on a teacher’s level of education– Trying to apply the “traditional approach” doesn’t work– Look for a type of person rather than a type of teacher– Upbeat, energetic, positive, relaxed, friendly, caring

empathetic, organized– Can be a salesperson – but, if not, assign one to each

class

Five Keys to Making Money with RMM

• FIND THE RIGHT TEACHER(S)– A teacher MUST embrace the RMM philosophy– Not based on a teacher’s level of education– Trying to apply the “traditional approach” doesn’t work– Look for a type of person rather than a type of teacher– Upbeat, energetic, positive, relaxed, friendly, caring

empathetic, organized– Can be a salesperson – but, if not, assign one to each

class– Students who enjoy RMM classes will continue (and tell

friends)

Five Keys to Making Money with RMM

FIVE KEYS TO MAKING MONEY WITH RMM:

• SMELL OPPORTUNITY• UNDERSTAND THE DIFFERENCE• UNDERSTAND THE OPTIONS• USE AVAILABLE RESOURCES• FIND THE RIGHT TEACHER(S)

Five Keys to Making Money with RMM

Brian Chung 310-631-1771 (x870)bchung@kawaius.com

Thriving RMM Dealers:Amro Music, Memphis (Rick Jefferies: 901/323-8888)Dollarhide Music, Pensacola (Bill Dollarhide: 850/494-9898)Foster Family Music, Bettendorf, IA (Christi Foster: 563-355-0647)Lacefield Music, St. Louis (Kathy Krubsack: 314/845-3760)Piano Gallery, Corpus Christi (Matt/Debra Perez: 361/851-0400)