A platform has been developed to address the problem of unused musical instruments gathering dust and the reluctance of some individuals to purchase new ones or commit to long-term hires. This platform, known as InstruShare, serves as a marketplace connecting those who wish to rent out their instruments with those looking to hire them, reinvigorating the music community from the ground up. It facilitates the rental process by allowing providers to list advertisements for free, setting their own weekly hire prices and security deposits. Seekers can browse these listings and use PayPal to secure an instrument for at least one week. The provider earns a weekly fee, while the platform retains a 10% administrative charge and holds the security deposit until the instrument is safely returned.
Potential directions for the platform under new ownership include expanding to other types of items or incorporating a buy-and-sell feature. Incorporating unique marketing strategies or altering the platform's direction could be beneficial. Currently, it primarily targets hobbyists, but with effective marketing, the platform could appeal to students, their parents, second-hand dealers, and professional musicians. The original owner is now pursuing different interests and is open to assisting with inquiries as needed.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More