How To Make Money Selling Record Collection Without Getting Caught In Details

PUNKETC over 12 years ago

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just out of curiousity,are many of you lot sellers here making a living primarily from selling vinyl and cds?or is it more than of a 2nd income/hobby?to those of you lot who are full-time dealers,how are y'all finding it at the moment?
djdom1uk over 12 years ago

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Me, I sell CDs, it is a scrap placidity at the moment - but I am hoping it will pick up soon :0)
makbo over 12 years ago

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For me, it's strictly a hobby. With the time spent grading records, trips to the post office, and creating invoices, I make the equivalent of well-nigh $1/hr, I think (in other words, adjacent to zippo).

But that doesn't count the priceless joy of participating in these forums, of course!
Joseph_S over 12 years ago

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Yard.Monk over 12 years ago

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Information technology's my living as a student, but I hardly can pay the bills anymore. Luckely enough I'm graduating this collegeyear, and so and so it will go a hobby.
double-happiness over 12 years ago

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I make a living selling online, I guess eighty-90% of my sales are in vinyl. what tin can I say, I get by, I'm not rich, but survive living frugally. I'chiliad helped by the fact I am mostly quite frugal, I don't run a car or have dependents, and it's pretty cheap to live round hither. Otherwise at that place would be no way. Information technology provides a living wage not a professional'due south salary.

To make decent money you need at to the lowest degree 8-10,000+ items, I reckon.
disco123 over 12 years ago

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Nosotros make a living selling on-line, but y'all kinda take to 'spread yourself' around the various dissimilar sites. Unfortunately we do the majority of our business on the dreaded ebay (where nosotros practise approx 4 times the business concern than on discogs). Discogs is notwithstanding miles ahead of the other sites though (buy nearly 10 times). I wish I could practice all my business here, but there just isn't the volume.

I concur with double, nosotros're lucky that we don't take a machine and kids and can also live quite frugally. And the quality of life is so much better than in the cut and thrust earth of the working.

So you won't be able to have equally many holidays only you probably won't take a middle attack (other than with some of the numpty buyers on ebay)
Diognes_The_Fox over 12 years agone

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I was until the economy bombed.
Waiting to hear back on one of those dreaded RL jobs soon I interviewed at concluding week.
zevulon over 12 years ago

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I merely make a living ownership records, cause Music Is Life
Dads_Vinyl over 12 years ago

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Diognes_The_Fox
I was until the economy bombed.
Waiting to hear back on one of those dreaded RL jobs before long I interviewed at last week.

Good Luck!

As I am retired at the moment, I do this for enjoyment. 99% of my profits goes towards more music. I am happy to say that this hobby / enjoyment has paid for itself.

Simply I am however looking for part time employment to aid with bills.
senseofgroove over 12 years ago

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75% of my income is through discogs. different disco123, my situation is reverse. I sell through ebay to sell of my overstock with lots. In the beginning I thought it was near how many items you have for sale, just honestly it's really nearly how rare your pick is. My volume is higher just because of the amount I take for auction, but that doesn't mean you tin't exercise the aforementioned concern with just 12,000. I used to spread my stock around(eastward.chiliad. gemm, musicstack, ebay), but it never worked for me. I still have a store with musicstack, but nearly of my business concern is with discogs.
boogaloo123 over 12 years ago

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Have to agree with disco123 about spreading things around the internet to make a proper living.

I'thou currently submitting my collection and, somewhen, gonna stick about 2 thirds of it upwards for auction. The few I take for auction at the moment are, in full general, things I've dug upwardly since joining Discogs and stuck straight upwardly for sale.

I accept a few friends who rely on record sales for the majority (some all) of their income from selling vinyl. They all list here and use ebay etc. for getting rid of majority cheeply or rarities that will create a frenzy.

Y'all can have something up here for months, regardless of how many people have it in their wants list, with no sale... stick it on ebay and, with luck, get a skillful result from a couple of bidders hungry for the kill!

Rarity and quantity must make for a better chance of a living!

Thankfully I accept a full time job - simply the sales do pay for my vinyl addiction ; ) and some occasionally.
cannymusic over 12 years ago

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Accept been a record dealer for more than 30 years, in the past plain had other jobs, just now this is all we do, but don't accept a mortage or any other outgoings, kids accept long left home, other and so usual bills, so information technology just nearly covers that.

If y'all are immature, take a family and a mortgage, and then I would seriously think about NOT trying to do this for a living.

Unless you lot have years of feel on knowing what sells where and what sells AT ALL - matter long and hard. Practiced luck either way!!
PUNKETC over 12 years ago

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cheers for all your replies.i've been selling mainly vinyl as my master income for around 8 years but information technology seems its getting harder and harder to get a living from it.it just seems to be becoming a more than precarious way of making a living as fourth dimension goes on.ive a few small-scale kids,if i was a single childless man and so information technology'd probably be ok.perchance time to get a job doing something else and leave the music-sales as a second income/hobby!!!
cannymusic over 12 years agone

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If you've got those sort of committments so forget it - keep it as a small time hobby - don't lost interest - but become out in that location and earn the money to go along your kids comfy. Go a Job - I know, easier said than done!
PUNKETC over 12 years agone

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canny,to be honest i recollect youre reinforcing what ive known for quite a while but been also stubborn to admit to myself!!!the thing with this sort of concern is that a lot of money made needs to be constantly spent on new stock.in a real task your wage is your wage,but selling records needs constant reinvestment!!
makbo over 12 years ago

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PUNKETC
the thing with this sort of business concern is that a lot of money made needs to be constantly spent on new stock.

Isn't that how a lot of restaurants and eaterys fail, after 6 months or and so? At start a lot of cash rolls in, but they neglect to re-invest.
makbo over 12 years ago

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Diognes_The_Fox
dreaded RL jobs

What's that?
3tone over 12 years ago

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I am slowly going bankrupt trying to make a living just the bottom line is I can't think of anything I'd rather do.
VINYL2GO-JUNGLE over 12 years agone

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It'southward really difficult at the moment, a lot of what you make has to be reinvested in new stock so if y'all take any major outgoings it'southward virtually impossable to salve any coin, i'one thousand simply going circular in circles at the moment just about managing to cover all my bills every month and become by but theres not a lot of money in it at the moment, records are a luxury and a lot of people are strugling to pay nutrient bills etc so records are bottom on their list of priorities!

To become a decent turn over on discogs you need a lot of stock, if you've got a lot of records you lot need somewhere to keep them which usually means renting a storeroom (similar i do) which is another big cost each calendar month to worry about.
PUNKETC over 12 years ago

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thats it with me too vinyl2go,managing to cover bills but unable to save or buy whatever major luxuries.i suppose nosotros're involved in an industry that suffers in whatever economical downturn unfortunately.i did a record off-white yesterday and no dealer did really well.some dealers who usually do well didnt even brand their table money!!!
cannymusic over 12 years ago

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Virtually provincial tape fairs are now a waste material of time. The big ones are too expensive to practise, £ninety - £130 for a 6ft table. All of your best stuff volition go but to pay your xxxx'due south. Tabular array rent, car/van parking, diesel/petrol, etc.
Vinyl.Pimp.London over 12 years agone

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I make a living from selling vinyl, I started in my bedroom with few records I didn`t need 5 years ago, now I have 47,000 records on consignment and two staff, you can do it if yous try hard enough.
Mop66 over 12 years agone

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makbo
What'due south that?

Real Life
cannymusic over 12 years ago

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Vinyl.Pimp.London
make a living from selling vinyl, I started in my bedroom with few records I didn`t need 5 years ago, now I have 47,000 records on consignment and two staff, you tin can exercise it if you lot try hard plenty

You sell records on behalf of other people for a commission. Y'all do not store records in your own dwelling (mortgage) - perhas have the committment of kids and a dwelling to run when you chanced it?

All credit to you lot and I have said this before, but there are some sellers out there that cannot commit to this that seriously (lifestyle_)if they need to earn the money. Unless they actually take enough stock and would not have enough space to store it..
PUNKETC over 12 years agone

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djdtl,youve definitely done well.its just this economic climate doesnt seem to exist a good time to build the business.non plenty greenbacks coming in to reinvest in a big way.
Vinyl.Pimp.London over 12 years ago

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Punketc, there is never an like shooting fish in a barrel time to commencement, I say but give it a skillful become and see what happens.
PUNKETC over 12 years ago

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maybe there'southward something in what youre proverb djdtl.i'm kinda stuck between economic necessity and my want to keep on selling music.i certainly wouldnt requite information technology up for some crap job,information technology was my fashion of escaping crap jobs in the first identify!!!!
senseofgroove over 12 years ago

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my story is somewhat similar to djdtl. In that location is no reason to be discouraged making a living doing vinyl. I started with only 1500 records from my ain collection. A friend of mine gave me another 1,000 of records she didn't desire and that'southward how it started. At present I have over 22,000. I only been on Discogs for 2 years. Exercise enquiry and notice out which selling strategy works for y'all. Consignment(the short way to say "selling on someone's behalf") is non skillful for the USA market place from what I see, then I simply become through craigslist and buy from the local market. You tin find real bargains and sometimes costless! Yous can marker them upwards 500% depending on the record collection. Investment could be $25.00 to $500.00. Lucky I'k based in the Philly/NYC area, so there is no shortage of vinyl here to discover. Yeah, I do this full fourth dimension. Focus on the positives. Just practise it office-time for now until it grows, if income is a concern. It'southward not going to be easy, then y'all accept to work hard for information technology. skilful luck to you.
double-happiness over 12 years ago

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PUNKETC
this economic climate doesnt seem to exist a good time to build the business

You lot would do meliorate to commencement a business concern during a downturn and take to tough it out, than begin trading in a boom time but hitting hard times with an established business to maintain.
PUNKETC over 12 years ago

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double,i tin meet your logic.i probably shouldve saved more money/worked harder during the adept times only unfortunately family circumstances got in the fashion.
PUNKETC over 12 years ago

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aqua,i started in a similar style,started selling my own collection pieces i no longer wanted,picked up things to sell while i was looking for stuff for myself.sadly i'thousand from a part of the world thats a little short on skilful vinyl finds!!merely no,im not going to jack in selling vinyl.perchance become another income to ride out the storm and continue building what ive got.thanks to all of you for your words of encouragement and wishes of skillful luck,i appreciate it!!
afrojazz over 12 years ago

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The thing i notice with well-nigh dealers is that they take stocks which are 90 per cent dead stock. Its all very well having twenty,000 items only if the majority is stuff you lot'd struggle to sell at a boot sale at a pound each then no wonder they struggle. Simply because an item is in a price guide for £20 does'nt mean you can sell it for that price. You endeavor selling Madonna or Prince 12" singles and yous'll still accept them in v years time. You have to sell things that are in demand and this is where cognition is ability.
This knowledge comes to those who live music and have a real passion for it. Dont get into selling records to make a living, go into it if you beloved it and then you stand a chance of making a living.
PUNKETC over 12 years ago

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too true afrojazz.i got into selling records equally an extension of my honey of music.its definately about the knowledge.ive seen a lot of local dealers bite the dust because they have a simplistic attitude of just 'buy records so resell them',and ending up with a pile of crud nobody wants!!!ive likewise seen them featherbed rarities which i and so snap upwardly while they chase madonna and bob marley standard releases...
Narraback over 12 years agone

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Offset part fourth dimension....And see how it goes.

I do it for a hobby, I have a stock listing of about 7,000 records which takes me nigh fifteen hours per week to service (packing, shipping etc.). There's no style I could make a living from this, unless I was single, had no mortgage, car etc.

To make a living in the Great britain from vinyl sales, I would say you need a stock base of at least 25,000 records, and the mode vinyl prices are decreasing, that total would take to be constantly moved upward.

Practiced luck, and like DJDTL says...Go for information technology.
PUNKETC over 12 years agone

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narraback,25,000,thats a lot of vinyl!!!!a unmarried homo with no kids definitely has the reward in the vinyl selling game.
seraphin over 12 years ago

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pure hobby which helps paying completing my own collection
cannymusic over 12 years ago

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afrojazz
The thing i notice with most dealers is that they have stocks which are 90 per cent expressionless stock. Its all very well having twenty,000 items but if the majority is stuff you'd struggle to sell at a boot sale at a pound each then no wonder they struggle. Just considering an detail is in a price guide for £twenty does'nt mean you can sell information technology for that price. You attempt selling Madonna or Prince 12" singles and you'll nonetheless have them in 5 years time. Y'all take to sell things that are in demand and this is where knowledge is power.

Absolutely about of it is expressionless stock for the moment, but times and music demnd changes, and music demands it'south ain change, and if you have the room and the fourth dimension to list/store them, some will somewhen sell.

Equally with all dealers, when yous get new stock, the all-time will sell almost immmediately - the residue you lot will accept to await for the sales - they practice happwb.