Mark Henderson answered
The money a music teacher can earn is entirely dependent on a couple of factors:
- The rate your charge for a lesson: The price of your lessons is the most important aspect to becoming a successful music teacher. If you charge too much then you risk discouraging potential customers. If you charge too little then you'll have to take more lessons to achieve a decent wage.
- The number of lessons you take: The more lessons you take, the more money you earn - simple. Finding time for more lessons will also increase the number of potential customers you could attract.
- The amount of students you teach: Teaching more students will increase your income. This should be directly related to the amount you charge for a lesson. If you're not getting enough pupils then you might be charging too much!
- Your reputation in the business: Building up a good reputation in your local area should ensure that you will get more customers. If you become a well-respected music teacher then you'll be eventually able to charge more money for your services. Building a good reputation will take time and will depend on your business contacts, the amount of students you have and your quality of teaching.
- The competition: This will be fundamental in setting your price for lessons. Undercutting your competitors should help you attract more pupils.