Business Idea

Make A Handcrafted Drums Business

About

Makeing a handcrafted drums business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell handcrafted drums, or selling handcrafted drums online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$33B
revenue (monthly)
$2K
starting costs
$34.6K
gross margin
30%
avg product price
$125
time to build
10 months

About

Makeing a handcrafted drums business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell handcrafted drums, or selling handcrafted drums online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$33B
revenue (monthly)
$2K
starting costs
$34.6K

 

gross margin
30%
avg product price
$125
time to build
10 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $0 $7,000
Employee & Freelancer Expenses $151 $352
Website Costs $223 $7,215
Business Formation Fees $5,600 $20,400
Inventory Expenses $350 $14,750
Training & Education Expenses $0 $1,000
Software Expenses $162 $3,094
Advertising & Marketing Costs $0 $1,700
Total Startup Costs $6,486 $55,511

Successful Businesses

Business URL Rank
Musical Instruments Distributor Ireland, Irish Strings, Drums, Flutes, Harps online muzikkon.com #310,411
OCDP ocdrum.com #318,323
Modern Drummer Magazine moderndrummer.com #338,018
Steve Weiss Music steveweissmusic.com #376,665
Drumsticks, Drum Heads, Drums & Percussion lonestarpercussion.com #384,849
Memphis Drum Shop memphisdrumshop.com #436,463
Remo remo.com #489,470
SJC Custom Drums sjcdrums.com #500,048
Drum Forum drumforum.org #534,367
ddrum ddrum.com #917,235
CymbalFusion.com Drum Shop cymbalfusion.com #1,066,266

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required The cost to start a handcrafted drums business costs significantly less money than most businesses, ranging anywhere from 7,866 to 55,511.
Rewarding work Starting a handcrafted drums business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Meaningful business connections You never know who you will meet as a handcrafted drums business. This could be the start of an incredible business opportunity!
Quick build time The average time it takes to build your product is quick - typically around 10 months. This will allow you to bring your product to market faster.
Cons Description
Finding The Right Supplier Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Isolation Often times, as a handcrafted drums business, you typically work alone and do not have much face-to-face interaction with other team members.
Niche Market A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.
You may need to charge sales tax If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out [this article](https://www.thebalancesmb.com/do-i-need-to-collect-sales-taxes-in-my-state-398913)
Work can be repetitive You may find creating the same product over and over repetitive and tiresome. One way of avoiding this is to diversify product lines and revenue streams - this will keep things interesting!

Marketing Ideas

  • 1

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

  • 2

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.

  • 3

    Pay Per Click Advertising

    Pay-per-click (PPC) is a performance-based marketing method that allows you to show specific ads for services or products oriented to a very defined target, with the goal that the user visits your website or landing page.