Starting my showroom again


 

Hello, audiophiles. I would like to get your honest feedback. Back in 2022, I had to close my business in Nashville owing to a series of unexpected occurrences (several deaths in the family, a rapid move to assist my mother-in-law, and a brain operation); all of this necessitated that I close the store in a matter of weeks. It was now a two-hour trek to Nashville. I worked as a glorified gate operator at a chemical company because that is all was available in our small town. I received an opportunity to become national sales director for an audio company, which would provide some income—not much, but enough to go back into the hifi business at the bottom level.

 

 

 

So now you know the incredibly brief version of the story. Here's the question: there is a little town about 30 minutes away that is booming and gaining more expensive retailers like Ulta and StarBucks. So here's the question.

 

Do you believe a small town like that might support an up-and-coming hifi business that sells receivers, speakers like PS Audio, KEF, and other manufacturers at a lower price point until the store can handle more expensive items? The closest "electronics store," Electronics Express, is nearly an hour and a half away. I have had an audio shop since 2003, beginning in Florida. Thoughts?

 

128x128nashvillehifi

I live in Nashville and I believe I bought my Parasound Hint amp from you back in the day (and you gave me a great deal). I was disappointed to find out your shop had closed cause I wanted to support what you do. I think you would get some business doing room treatments with Dirac or other software because it's something that, to be done right, requires an experienced hand. Also, placing subwoofers, adding acoustic panels, etc. These are things that the average Joe messes up as often as not. Good luck!

 

I would suggest calling/visiting "similar" stores in the area to talk with the owners.  Talk with Reps, Marketing people, including internet marketers.  I'd talk with small business owners and bankers in the area.  Try calling out-of-state dealers, I bet a lot would be glad to talk to you.  Try Steve Huff, he seems to live in a rural area.

Do lots of research and then write a business plan (lots of templates on the internet).  Definitely take up grizlybutter's offer. 

Be unique, special, you don't want to compete on price.

Good luck. 

@nashvillehifi ...The comment by @tunehead reminded me that there’s a local start-up in a b&m building that’s trying something different that you might find more fun, yet keep on the pulse of audiophilia....

( Aims to offer music oriented entertainment touting ’vintage Klipsch speakers’ and a turntable in house with plans to hold BYOLPs’ nights, serving wines, local brews, non-alcohol drinkage, snacks and nibbles.... )

There’s a plethora of mini-venues here in AVL in bars mostly frequented by the young and hip types who either tolerate or amused by the gray aged sorts that dare their doors....;) A few small studios about, and even a LP. pressing plant downtown-ish attending to a lively music scene of genres’ and blends you’d never considered an audience for.....

Perhaps a treated space with tables, chairs, couches....dimmable lighting...house gear @ hand (yours), but visible, sporting some ’reasonable $ SOTA’ (SS and tube) to intro those unfamiliar with the latter....

A second space for your call on some new stuff, but offering to do some consignment sales...obviously showing that which you think has legs to leave eventually without filling the dumpster....

Offer consultation on the various methods and means to take Your Sound home with them after your in-house system intros the newbies as to what that new LP of theirs can really play like....and How.

’Philes are cultivated. Breeding results are spotty at best,,,

Grow your own batch of clients...

Good luck 👍🤞😎 J

(Have an LP cleaning device under the counter if the disc looks like it's been bathed in beer before brought....)

Talk with local builders and construction companies, real estate agents and home flippers to see if there is an opportunity to install systems and/or home theaters.

I would be hesitant as I started with a home business  in a 50 K city about 70 miles from Minneapolis  and  ended up  moving to a store front  and also another store front in a 100 K city  with closest larger city 3 hours away.  Sold Kef, Quads, spendor, Rogers , Qln and Boston Acoustics, , Vandersteen, Apature

Micro Seiki and Kyocera and Walker TT,  

Kyocera electronics, Denon, Conrad Johnson,  Hafler, Precision Fidelity

Ended up selling cheaper products like JVC, Sherwood, Fisher.

Market could no afford the products. Customers wanted a complete system with equipment rack for $1000. Lost $500,000 in 2 years .  

I was not making much at home even when I was drop shipping. Forced to go to brick and mortar.  Had to buy 1 to show and 1 to go and all COD.  It was a hobby turned into a business ( not a good idea )   Good luck if you do start.  A lot of competition now with internet sales. A lot of home based stores  as competitors.