✎ Get free access to our vault of PDF summaries for every YouTube video here: https://believe.evancarmichael.com/the-vault
✎ Check out my NEWEST video: https://goo.gl/E0eE6m
✎ To get more details on all the research and studies mentioned in this video check out the articles below:
https://www.nextinsurance.com/blog/service-vs-product-business/
https://smallbusiness.chron.com/differences-between-productbased-businesses-servicebased-businesses-23372.html
https://fredblog.stlouisfed.org/2024/07/the-rise-of-services-in-the-us-economy/
https://www.brandsonbrands.com/built-to-serve/
https://www.mixonline.com/blog/usa-today-is-wrong-recording-studios-are-not-dying
https://www.ibisworld.com/united-states/number-of-businesses/audio-production-studios/1254/
https://www.zendesk.com/blog/customer-service-statistics/
https://firework.com/blog/referral-marketing-statistics
https://www.irwin-insolvency.co.uk/how-many-businesses-fail-due-to-cash-flow-problems/
https://www.azquotes.com/quote/575759
✎ A lot of people want to turn their passion for music into a business, but they’re not sure what kind of business they’re actually building. One of our amazing subscribers, Steph Fajoma, asked me if a music studio counts as a service-based business—and I knew I had to make a video on it. So in this episode, I break it all down for you. I walk you through the difference between product and service businesses, share real examples like Abbey Road and home studios, and help you see exactly where your studio fits—and why that matters.
✎ I want you to get clear on what you're actually selling. Is it gear? Is it access? Is it your time, your talent, your energy? We go deep on how to define your business model so you can market better, price smarter, and serve your people at the highest level. Whether you're recording artists, teaching lessons, or producing podcasts—this video will give you the confidence and clarity to move forward. You're not just running a studio. You’re delivering a result. That’s service.
✎ And if you’re serious about turning your studio into a real business, I also share five powerful tips to help you thrive. We cover customer experience, finding your niche, leveraging referrals, managing cash flow, and leveling up your skills. This is about building something meaningful, something that lasts—something that serves. If you’re built to serve and ready to make your studio dream real, this one’s for you. Let’s go. Believe.
★ BOOKS ★
• Momentum: https://amzn.to/3kJZIAv
• Build to Serve: https://amzn.to/3XZiCSg
• Your One Word: https://amzn.to/3R9qVII
• The Top 10 Rules for Success: https://amzn.to/3JcNZVe
• 254 Confidence: https://amzn.to/3jdh9c2
★ RECOMMENDED VIDEOS FOR YOU ★
If you liked this video, you'll love these ones:
• This is Why 99% of Amateurs Don't Build Their Dream Business! - https://youtu.be/nEUhAI9fbJk
• The ONLY Morning Routine You Will Ever Need... - https://youtu.be/2ait0-cwCq0
• How to Break Limiting Beliefs That Hold You Back - https://youtu.be/w0Xj1LIJnKI
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Thank you for watching - I really appreciate it :)
Much love,
Evan
#Believe