Flipping gear on Ebay can be tough simply because the fees (paypal/ebay) usually are about 25% of your final selling price!
So if you sold a guitar for $1000, plan on $250 going (in total, given all, ALL, feels added up) towards fees.
Then you have to consider returns. If you offer a standard 15 day return, that guitar might come back.
The good thing about craigs list selling, is that deals are usually somewhat final, especially if you make sure to say "all sales final"
You can usually find stuff at garage sales/craigs list from folks who could really use the money. Your helping them out by buying their stuff in many cases, but as mentioned make sure to buy it as cheaply as you can. Usually for about half what you could sell it for or about a quarter of what it goes for new. But you already know this from cars I'm guessing
The "margin" is in the higher end stuff obviously, just like cars. But that of course requires a higher buy in, and higher committed resources. E.G. being a used ferrari dealer is more expensive than being a used ford dealer
If you can learn about working on amps/guitars, especially fixing high end amps (MATCHLESS, etc.) then you can sell stuff to the same folks you fix for. Folks that have money to spend on high end stuff
Ebay has the low end covered, and there's no margin in it.
QUOTE (Jim Seekford @ May 4 2014, 10:43 AM)
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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Jim Seekford Making Extra Money With Music? May 4 2014, 03:43 PM
