How can I sell my musical equipment online?

How can I sell my musical equipment online?

eBay,, Facebook and Craigslist are four of the most popular platforms to buy and sell used music gear online. Chances are you’ve heard of all of these, but you might not be 100% sure which is the best platform in terms of ease of use, safety and getting the best price.

Do music stores buy used instruments?

Music Go Round, a used instrument store, will generally pay 40% to 60% of the value of your gear. Any other local music store. Pawnshops.

How much does it cost to open a music shop?

Inventory investment can be very significant and an average store will carry about $50,000 to $100,000 in inventory. This is important because you want to give your customers a variety of choice. Some manufacturers will loan the instruments on consignment to help a new store get up and running.

Is Guitar Shop on Facebook legit?

There is a fraudulent The Guitar Shop using a different logo, with no contact info on their site advertising expensive guitars for $100 on Facebook, some of which we aren’t even a dealer for. Our REAL website is We have been in business since 1993 in Mississauga Ontario Canada. Be safe everyone.

What can you do with unwanted instruments?

However, some instruments may have metal parts, for instance, which are recyclable. Alternatively, if they are still in good condition, you could sell them or donate them to a charity shop, music group or to an organisation such as Sistema England.

Does Guitar Center pay well for used gear?

Guitar Center offers 60% of the market value for used gear, which is reasonably good. You just need to walk in with your instrument or gear and have it evaluated by a member of the staff. They offer cash up to $500 and a check for higher amounts. Walk out with cash up to $500 or a check for a larger amount!

How do I make my music store successful?

5 Strategies of a Successful Music Store You Can Steal Today

  1. Get to Know What Today’s Customers Want.
  2. Rock the In-store Experience.
  3. Offer Convenience.
  4. Give Customers More Than Products.
  5. Be an Omnichannel Retailer.
  6. Conclusion.

How much do music stores pay for guitars?

Typically the wholesale price of mass-produced guitars and gear is 50% of MSRP. Most retailers discount 30%-33% off of MSRP, but you should be able to find retailers who go 40% of of MSRP (for the retailer, approx. 20% gross profit over wholesale, before overhead).

How do I get free music instruments?

If your child has indicated the desire to play an instrument, here are some great ways to get free musical instruments for them.

  1. How to Get Free (or Nearly Free) Musical Instruments Today.
  2. Contact Local Conservatory or School District.
  3. Barter or Exchange Musical Instruments.
  4. Place “Wanted” Ads Around Town.

Do charity shops take pianos?

There are many different organisations and individuals that will willingly accept a variety of musical instruments, including pianos, for donation. The most likely organisations are local school music departments, youth clubs, nursing homes, charities and churches (which often run music groups).

Do Guitar Center employees make commission?

Workers at Guitar Center make the legal minimum wage plus commission, but they aren’t paid that commission until they sell a certain amount of product against their base pay.

Will Guitar Center go out of business?

UPDATE: Dec. 23, 2020: Guitar Center has emerged from Chapter 11 bankruptcy after a reorganization deal that added new equity and debt capital, and boosted the retailer’s liquidity, according to a press release.

What makes a great music store?

5 Strategies of a Successful Music Store You Can Steal Today

  • Get to Know What Today’s Customers Want.
  • Rock the In-store Experience.
  • Offer Convenience.
  • Give Customers More Than Products.
  • Be an Omnichannel Retailer.

What is the profit margin on guitars?

So, to answer your questions, guitar brands don’t make a huge profit per guitar. They make a fair profit, just like any other manufacturer of any product in the world does; 20% or so is always deemed fair for all products the world over. It’s the stores that charge the huge 300%+ profit margins.

What is the markup on a Martin guitar?

Martin has an A discount, which means the wholesale cost of one of their guitars is 50% of the list price.

What do you do with used musical instruments?

What to do with old unneeded musical instruments

  • Sell Them Through Social Media. One of the best ways to dispose of unneeded musical instruments is through your social media channels.
  • List Them on a Reseller Website.
  • Donate for a Tax Deduction.
  • Give Them to a Local School or Church.
  • Keep Them.
  • Have Them Appraised.

What is the cheapest musical instrument?

Which is the Cheapest Instrument? Overall, the cheapest band instrument is probably the flute. Two close runners up include clarinet and trumpet. There are certain percussion instruments, like the clash cymbals and tambourine, that are cheaper than these in general, but their use is far more limited.

What items will charity shops not accept?

What will charity shops not accept?

  • Identifiable school uniforms.
  • Inflatable toys for water.
  • Car seats.
  • Prams/Pushchairs/Buggies.
  • Cots and mattresses.
  • High chairs/Booster seats/Child safety gates.
  • Soft toys without the CE label.
  • Used pillows and duvets (although pillow cases and mattress covers may be accepted)

Are charity shops taking donations during lockdown?

Like all non-essential retail, charity shops across the country are closed at the moment until lockdown restrictions ease. However, thanks to platforms like Depop and eBay, many charity shops are continuing to trade online with some still accepting donations, albeit in alternative ways.

Is Guitar Center in financial trouble?

The chain will cut about $800 million of debt in the restructuring, court records show. Guitar Center filed for bankruptcy in November after the pandemic kept customers at home and consumers cut back on discretionary purchases amid the recession.