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Money Spinners |
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The Success Story of a Pianist |
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A few years ago I attended an international seminar
on web marketing and eCommerce at Auckland. The seminar
was attended by less than 50 entrepreneurs, mostly from
Australia and New Zealand. The atmosphere was so
informal that the participants could discuss even the
amount of tax paid by each. A few of them narrated their
success stories to others and gave away their secrets. I
believe that the readers will find
those stories useful.
George was sent out of school when he was 17. Reason?
He scored single digit marks in all test papers and his
attendance was just 5%. He was not a spoilt kid. His
heart, mind and passion were devoted to music and he did
not bother to go to school. As his parents did not have
enough money to send him to music school, they told him
that it was time for him to find a job and be on his
own.
Fruit picking was the only job he could get and he
earned a few dollars a day. After walking, bending and
picking fruits without break for eight hours a day, he
had to learn music on his own through audio and video
courses. He was living in a rural area. The courses were
expensive.
George said, “In the beginning I was depressed and
cursed my fate. Then I realized that there was no
problem that could not be solved by a determined
individual. Around that time I, by Divine Grace, I
learnt about the Internet from a friend. At that time
though there were many online music courses, they were
expensive and meant for adults and professionals. I
decided to create a course for beginners, school
students and hobbyists. Even though I was neither a
professional musician nor a qualified teacher, I created
easy-to-learn, step-by-step courses for beginners that
had hundreds of tutorials.”
“How did you create the lessons and deliver them to
your students?” I asked him. George replied, “I was very
strong in the basics of Piano and the Keyboard. But I
was weak in written English and the Internet technology.
I entered into an agreement with my friends that had the
skills with the understanding that I would pay them only
when my project took off. I offered them handsome fees
and they agreed to cooperate with me. I borrowed from
library as many course books for beginners as possible,
studied them and then wrote down the lessons. A friend
redrafted the course in readable English and another
helped me create audio and video lessons. In stead of
creating one long lesson that can fit only in a CD-Rom,
I created hundreds of small lessons so that they can be
easily delivered over the net.” |
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“How did you sell your courses online?” I asked him.
He replied, “I created a website and requested my
visitors to start out by signing up for my free piano
lessons online. They could get 10 lessons absolutely
free. Then if they liked the lessons, they could sign up
for the paid course. By the end of the first week I had
10 students and within a year I had 600 paid signups. I
charged NZ$50 per year. After paying off the expenses, I
made a profit of NZ$18,000 (Rs.5,40,000). Please don’t
ask me how much I earn now.”
“What was you initial investment?” I asked him. He
replied, “I spent US$94 (Rs.4,000) towards domain name
and web hosting. You can start any online business with
such a low investment and become a success story in a
matter of a few months. While most of my ‘brilliant’
schoolmates are working for others for fixed low salary,
I earn at least 500% more than their average salary.
That’s the power of the self-employment and
entrepreneurship.”
I asked him, “Do you plan to open an offline music
school?” George shook his head and said, “No. It is easy
to start an offline music school because you need just a
small room and an instrument. But the number of students
you can teach is limited and you will have little time
to do research and improve lessons. As online classes
are automated, the number of students I can teach is
almost infinite and the income potential is limitless. I
have a lot of time to do research and create excellent
new lessons. The Internet helps me do what I love to do
and make me earn thousands of dollars a month.”
There are hundreds of performing arts in India. I am
looking forward to write the online success stories of
Indian musicians and artists.
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This article
is a creative work and uses fictitious names, persons,
places, projects, dialogs and outcomes, to illustrate
the principles of self-employment and entrepreneurship.
It was
authored by Ken Gold and was originally published in a
newspaper column. While every care has been taken to
make the information useful, neither the newspaper nor
the author or their associates are liable for any direct
or indirect use of the content. We do not sell, or
recommend, any
product or service to you. There is no contract between
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Warning. |
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