We have put together the basic costs of your piano lessons and how we can calculate how much money we can make. For example, if you spend $100 for a lesson an hour you should expect about $2.50 back per hour, or $4,500 per year.
Why do we need to know the cost of piano lessons? We have to know if a teacher can make a $4-5.00 profit each day, and we need to know how much each piano lesson will cost us. The piano lesson cost for a child is the average of the costs of the teacher, piano, books, and supplies, and any tuition. This average is usually the best we can obtain since you will not need your parent’s money, since parents typically pay the piano teacher, and the school provides other fees.
How do we calculate the cost of each piano lesson? We can use different assumptions depending on your child’s developmental level, and depending on the number of lessons. For each child, we look to see what the teacher and piano costs would be based on the age and stage of the student’s developmental changes. The school provides the costs of tuition, books, supplies, and other materials, with the assumption that parents do not contribute any money toward costs. Teachers and textbooks are assumed to be the same, so there’s no financial cost to the teacher once it’s paid for. The total costs for teaching the piano is what we call principal costs (all in dollars per day).
What if a teacher is not paid for piano lessons? If a teacher is not paid for piano lessons, there’s no financial loss for the school. That’s because their salary, as explained earlier, is the same as that of the child. Teachers are considered the same whether or not they are paid. In most cases the schools will not get any money for the costs incurred when teachers come without a lesson, so the school’s principal costs will have no effect on what you pay for piano lessons.
How do we know how much piano lessons to get? We can estimate this by looking at the average costs of a piano lesson. Let’s say we have an autistic child and have learned to play piano. We have a lesson plan that we think will teach the child how to play for $12 an hour. For the entire semester, this would cost $1,560 per child. This is what we would pay for a basic piano lesson. We would figure that $1,560*12 = $2.75 per