Hey everyone. I recently opened an online musical instrument store. I'll omit the link because I don't want this to be a sales pitch (although, if you want the link, feel free to ask). I've been going through quite a few other music forums and asking why I'm not getting any traffic and further more why folks that are coming to my site aren't purchasing anything. The general response is that the music industry is hurting as a whole. Apparently the recession has turned musical instruments into a luxury item. Granted that it's not something that is required to live, but definately something that would be highly rated in the "want" category. Would you all agree that the recession has hit us in the music field as hard as other industries?
Yes. I would agree. Most of my private students are wanting to spend about half as much on instruments than before this economy. And the price of etude books from Europe are very high, they are reluctant to purchase them (previously they had no problem buying the books even if they are in public domain).
I'm playing less as shows are using alternate instrument arrangements to hire fewer musicians for the pits. Fewer tickets are being purchased for shows and many theaters are reducing ticket prices.