How to get paid on time

If you have successfully moved from a per-lesson payment system to a tuition-based structure,1 you may still be left with the challenge of parents paying on time. There are many ways to tackle this issue, so choose what works best for your business.   Prepay in full The most effective means of ensuring that payments come to you on time is prep...
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How often should I raise tuition?

​In the last article, we discussed how to determine a reasonable tuition and make sure that your studio is profitable. Once you've determined this and set your plan in motion, however, you can unknowingly sabotage your plan if you do not also plan to raise your tuition regularly. In any business relationship, knowing what to expect and when to...
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How to determine your rates and profitability

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Implementing a tuition structure that yields a consistent monthly income will ensure a comfortable income only if the chosen tuition rate is reasonable.1 Whether you are just beginning to teach or have been teaching for decades, it is important to go through two evaluative processes regularly to ensure that your tuition rate is reasonable to you an...
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Three keys to making a consistent income

One of the unhealthy mindsets in our profession is the notion that piano teachers cannot make a reasonable or a consistent income. This is tragic because it is simply not true! Adjusting your business policy to ensure a consistent and reasonable income can be accomplished in three steps. Reframe how you think and talk about payments When we charge ...
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Studio policies for your sporadic adult students

I am a very happy and fairly healthy "Baby Boomer"—my father was a World War II veteran, and I was born in the fifties. We "Boomers" are your current and upcoming adult piano students. Why? Because we realize we have more to learn—we are excited learners. We are not isolated but are well read and intelligent—we are logical learners. We are wonderfu...
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Views: What Factors Do You Consider When Setting Tuition Rates?

The World Around Us: News and Views Helen Smith Tarchalski, Editor Charging appropriate tuition rates benefits all involved. I told Lionel that this is going to be very expensive, so he must follow directions and practice a lot. Piano lessons are very important to us, but we're not going to fool around when this kind of money is being invested...
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Piano Magazine is the leading resource for pianists, piano teachers, and piano enthusiasts. We bring you informative, interesting, and inspiring ideas on all aspects of piano teaching, learning, and performing. The official name of Clavier Companion magazine was changed to Piano Magazine in 2019.

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