Making Extra Money With Music?, Any experiences with flipping equipment or online work? Options

[Jim S.]

Hey guys/gals I'm looking to possibly start some kind of business in music. I have an Automotive shop, it's just my wife and I. Sometimes we get slow and I start scrambling a bit. When I look back on my experiences there is a bit of carpentry, electrical, wood work and Music. I think that I would be good at fixing or refinishing guitars and selling them but Id like some input from anyone else in this area.

Are high end guitars in demand? What other ways can you make money in the Music Field? Thanks for any advice

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[SeeJay]

I have had SUCH great luck over the years buying and flipping. (I usually end up hanging on to stuff longer than I intend though, ha)

Here's some things to think about:

• Buy low, sell high. DUH, but really really be militant about this. It's not worth your time if the margin is next to nothing. If something is $100 new, don't buy for more than $50 and don't expect to sell for more than $75.
• Do things like, buy from craigslist and sell on ebay. Then try it the other way around
• As you are buying gear, try and make a local community out of it. Tell people what you are looking to buy, ask them what their wishlist is. I have made a buddy in town who buys and sells drum equipment. I started giving him cheap parts and snares for free and he gives them to local school. Because of this, he likes me and ALWAYS gives me deals.
• yardsales and garage sales can be great. Local auctions and estate sales too. If you're looking at adds online, always look past the items posted and get a good feel for what else the person might sell. See an estate sale with a lot of old country records? they might have a nice old guitar.
• Don't be afraid to cut your losses. Sometimes you end up with an item you've put a little money in that just no one wants. Just sell it for cheap and get it out of your life. It's funny how quickly this stuff will clutter up your life.

Good luck.

Hey guys/gals I'm looking to possibly start some kind of business in music. I have an Automotive shop, it's just my wife and I. Sometimes we get slow and I start scrambling a bit. When I look back on my experiences there is a bit of carpentry, electrical, wood work and Music. I think that I would be good at fixing or refinishing guitars and selling them but Id like some input from anyone else in this area.

Are high end guitars in demand? What other ways can you make money in the Music Field? Thanks for any advice

You are at GuitarMasterClass.net

Don't miss today's free lick. Plus all our lessons are packed with free content!

Don't miss today's free blues, jazz & country licks. Plus all our lessons are packed with free content!

[Jim S.]

First of all thank you for taking the time and answering my question. I do realize the importance of margin. We flip cars too and the principal is the same.

I've always felt a place for music equipment or as my wife would csll it "speakers and wires!" She won't go in with me until I can make it work so ill start scouring the area for a good deal and start there. One thing about me is I love to root for things, my cousins and I would junk pick every week. It's been a long time since then but it's still there. Estate sales seem like a good place too. Thanks again man!

You are at GuitarMasterClass.net

Don't miss today's free lick. Plus all our lessons are packed with free content!

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[SeeJay]

Sounds like you know what you're doing.

I think flipping guitars would be tricky. It has been hard for me to feel out what people want. And maybe that just my area. And maybe it's that people don't have the $$$ for it.

But get that network going. At the very least, you might end up with a new rig and come out even.

Wifey can't be mad about that.


Ok, actually for some reason they do get a little mad about that.

First of all thank you for taking the time and answering my question. I do realize the importance of margin. We flip cars too and the principal is the same.

I've always felt a place for music equipment or as my wife would csll it "speakers and wires!" She won't go in with me until I can make it work so ill start scouring the area for a good deal and start there. One thing about me is I love to root for things, my cousins and I would junk pick every week. It's been a long time since then but it's still there. Estate sales seem like a good place too. Thanks again man!

You are at GuitarMasterClass.net

Don't miss today's free lick. Plus all our lessons are packed with free content!

Don't miss today's free blues, jazz & country licks. Plus all our lessons are packed with free content!