Speaker Store

2 Speaker Store Success Stories [2024]

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Updated: July 23rd, 2024

Music enthusiasts and audiophiles, have you ever considered turning your passion into a business? A speaker store could be a lucrative venture. In simple terms, you're selling high-quality audio equipment like speakers, sound systems, and accessories.

By offering curated selections from top manufacturers, you can attract both amateur and professional musicians, podcasters, and home theater aficionados. With the increasing appetite for advanced sound systems, there's plenty of room for growth.

Managing a speaker store involves sourcing reliable suppliers, maintaining an inviting retail space, and keeping up with the latest audio technology trends. If you’re knowledgeable about sound quality and enjoy helping customers find the perfect audio setup, this business can be deeply rewarding.

In this list, you'll find real-world speaker store success stories and very profitable examples of starting a speaker store that makes money.

1. World Wide Stereo ($48M/year)

Former psychologist Bob Cole founded World Wide Stereo in 1979 to simplify home electronics, evolving it into a $56-62M e-commerce and custom installation powerhouse by addressing customers' needs for stress-free, high-quality entertainment environments.

How much money it makes: $48M/year
How much did it cost to start: $15K
How many people on the team: 92

45 Years In Business, Our $48M/Year Electronics Company Is Still Growing Each Year

Case study of World Wide Stereo, a consumer electronics company with a profitable $56 to $62 million business, known for their excellent customer service and online shopping experience, as well as their focus on providing a higher quality of entertainment and environmental control through electronics.

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2. Down4SoundShop.Com ($12M/year)

Johnathan Price, owner of Down4soundshop.com, came up with the idea for his car audio distribution business after receiving compliments for his impressive car audio system at various car shows. Realizing there was a demand for the equipment he used, Price decided to start selling it himself. Despite having no prior knowledge about running a business, he took the leap and is now projected to break $10 million in sales.

How much money it makes: $12M/year
How much did it cost to start: $5K
How many people on the team: 5

How I Started A $1M/Month Brand Dedicated To Car Audio

This case study follows the success story of a car audio enthusiast who started a business selling audio products, projecting to break 10 million dollars in sales this year, using word of mouth, social media and streamlined team members to build the business.

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Read by 14,394 founders