Getting a great offer on your gear requires research, patience, and some soul-searching. Why are you selling your used music gear? Do you want to upgrade? Are you putting aside the hobby? Is your band kid no longer interested in playing? Jumping straight into selling can potentially lead to disappointment, especially if your gear isn’t worth as much as you thought it was.
To get the best offer on your used music gear, follow these four tips:
Determine The Fair Market Value
Before you begin to sell your used music gear, you will need to determine its fair market value–in other words, how much someone would realistically purchase it for. Check the value through multiple sources such as Orion Blue Book. You can alternatively take your gear to a certified, professional appraiser but know that this can be costly so it is recommended to only go this route with expensive gear.
On that note, you need to be realistic about how much you will actually get for your used music gear. While the fair market value may be $300 don’t expect to get it. It may be disappointing to not get as much as you wanted but being realistic about the offers that you may get for your particular piece of gear will prevent disappointment.
Be realistic about what the gear is worth (not asking price), it’s condition, and what it is you are selling.
Be Polite & Respectful
Being respectful and polite can get you a long way when it comes to getting a great offer on your used gear. When selling your used music gear, don’t be rude.
When selling to a reseller, be open-minded and know that they are going to give you less for what the gear is worth to you. The reason being, these shops need to also make money. If you do not like the offer, it is okay to say “no, thank you”, and find a different shop. Throwing around insults will prevent you from doing business later.
Keep It Local
Finally, another way to get a great deal on your used music gear is to sell locally. Not only will you be supporting your local community and musicians, but you will get cash on the spot. Selling online means fees and shipping costs that will lessen the amount you get on your used music gear.
Selling locally at a music shop like Music Go Round also means that you can create your own discounts and get great deals on upgrades.