Fun fact: The ancient Romans believed you could predict the future by examining the entrails of sacrificed animals.
Another fun fact: 47% of independent music teachers use this method when setting their rates.
How did you choose how much to charge your students? Did you make a thorough evaluation of the value of your offer, analyze your competition, etc.? Me neither, at least when I first started teaching. I asked my buddy Charlie what he charged. Good enough!
Except is was way too low.
I've got a better way now: A 2-minute tool that spits out a recommended hourly rate.