When you are music teacher, you will need teacher’s copies of musical instruction books as the up-front expenses. (Some publishers will offer free or discounted copies to teachers who agree to specify the books as required purchases for students.) If you set up your own studio, you’ll need to create a private space with sufficient room for you, a student, and the instruments you’ll be teaching. If you’re going to teach piano, organ, drums, harp, or other instruments not easily transported, you’ll need to provide equipment in the studio.
In order to give the cost of the job service, you can give a charge by the hour. Remember to factor in the cost of travel to distant clients. If you’re going to be teaching in a studio, include a portion of the setup costs in your hourly rate. If you will be teaching as a subcontractor in a music store, you will likely be paid by the store and not the student. You may be able to make some additional money by selling instruction books and music to students. If you are running your own business, you may be able to receive a commission from the rental of musical instruments by an outside company or store. But, the important thing is that you have to make sure that your contract with the student should be specific regarding hourly rate and any special conditions. Besides that, you also have to make sure that the agreement should include a charge for any student who fails to cancel an appointment with sufficient notice.