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Precisely How Ballroom Dance Studios Can Increase Earnings: Unleashing More Diversity and Energy in the Process Silas Mueller
Submitted 2014-03-15 23:57:43 By Dr. Daryl Green
Summary: Learn how today’s dance studios can tap the fastest growing minority segment within the country and acquire more profitability in the process.
Despite the financial crisis Wholesale Austin Howard Jersey , Americans still aspire to dance and envision themselves, ‘Dancing with the Stars’. Since 2008, the dance studio industry has noticed an upward growth movement except in 2009. Tv shows like “Dancing with the Stars” and “So You Think You can Dance” provide a perfect stimulus for this industry.
Given the difficulty of growing and sustaining profitability in a financial crisis, this article offers ways to attract an untapped market in minority communities so that dance studio owners can create a market advantage in their local areas that their competition will have a tough time duplicating, therefore leading to more sustainable success.
According to estimates, there are over 15,000 dance instruction studios in the United States Wholesale Ryan Jensen Jersey , generating over 1.4 billion dollars. On average, most dance studios have annual sales of $100,000. The best known dance studios are Arthur Murray International with 190 franchised studios worldwide and Fred Astaire Dance Studios, with 110 United States dance studios, according to IBISWorld Inc. reports.
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