Blog 16: Advisory Meeting #2

Essential Question

What is the best way to profit as an independent music store?

Answer #2 (Write in a complete sentence like a thesis statement)

The best way to profit as an independent music store is to be knowledgeable in both your products and business.

3 details to support the answer (a detail is a fact and an example)

- A good part of a music store's customer base are fellow musicians and prospective musicians. In order for you to be able to answer their questions, you must know what you're talking about. If someone comes in searching for a reed for a bass clarinet, then asks you which size to get, you need to know why the size would matter in order to help the person.

- A music store is a business, and running a business always has some legal complications attached to it. So, know your legal stuff. Know what paper works you'll need to file and your rights as a vendor and your customers' rights as a customer.

- A business has many factors that could affect it, factors like the national economy or your location. So, know these factors. Know the neighbors you're dealing with when you locate your store here. Know what your competition is doing right and wrong. Know your customers and their wants and needs, so you can fully accommodate them.

The research source(s) to support your details and answer:

"Demographics And Destiny." Music Trades 161.7 (2013): 120-124. Academic Search Premier. Web. 27 Feb. 2014.

Majeski, Brian T. "The Shifting Definition Of A "Music Store." Music Trades July 2013: 22. Academic Search Premier. Web. 27 Feb. 2014.

POPYK, BOB. "How To Compete With The Internet." Music Trades 161.11 (2013): 68. Academic Search Premier. Web. 27 Feb. 2014.
"How Tastes And Technology Are Transforming The Industry." Music Trades 161.3 (2013): 50-68. Academic Search Premier. Web. 27 Feb. 2014.

Concluding Sentence
Knowledge is power. The more information you have to work with, the more advantages you have.