Buying and Selling Guitars - The 20% Rule to Always Come Out on Top
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- Опубліковано 9 лис 2018
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In this video I teach you how to apply my 20% Rule for buying and selling guitars and other music related gear online. EBay, Reverb, Craigslist, Facebook Marketplace, etc.
Search Reverb's online marketplace for deals on used gear - reverb.grsm.io/SteveReis
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Old Geezer here-- excellent advise u give my boy!-- i'll be retiring in about 4-5 yrs and plan to amp up my buy/ sell of guitars peds, amps etc... The 20% rule works and ur key word that makes it all happen is" be honest with each buy u make!" DONT GET ALL FUCKIN EMOTIONAL ABOUT AN ITEM, think smart and do ur research . The market will have buyers that will only pay so much , regardless of what u think its worth!!! Look forward to more of ur vids !!! Rockdaddy has left the platform
Couple more tips :
- The lower prices are always going to be given to you by places that need more space : studios, backline companies, etc who have to sell out at ridiculous prices because they need to reclaim their space will give you *unbelievable deals*. This usually apply more to rack-mount gear and professional tech gear in general. However, it is still possible to find such deals for instruments, especially drums and piano, and for microphones as well. Keep in mind that drums and pianos do take a lot of space and pianos in particular cost an absolutely insane ton to ship so I would steer clear of this market unless you have some real acquisition power.
- Always sell something to finance something else *before* you buy it and you will never need a credit card again.
- If the item is harder to sell (too specialized and expensive), then you can easily *rent* it instead and make more money over the long run! Studio gear in particular rack-mount units can be easily rented and there is a definite market for it. Hell, you can even rent your analogue gear for people to send their tracks through over the web. Why not?!
- Have a good ability to at least set-up, if not repair the instrument. I paid 150 bucks for a stellar collectible snare drum, restored it, and sold it for 300 bucks at the next-door shop within 20 minutes. Their employee bough it 400 the next day.
- Maintain good relationships with everyone.
- There is an exception when you *can* buy new but only from distributors, directly, like a music shop would. It takes contacts, but it's not impossible to place yourself this way. If your online shop get big enough - even if it's on Reverb or eBay - you might just be making money in your sleep...!
Great tips!
thats a badass shirt man. love acid bath. rigg's solo stuff is pretty great as well
ScopolamineProject yeah man. I had the opportunity to see him do a solo acoustic set at a local coffee shop a few years back. Got there super early and got to chat with him and sit through sound check. Was pretty surreal tbh.
I got to see them in the 90's play with DRI in South Carolina. Hell of a show.
Demetri Karnessis that’s badass, man. It’s a shame we’ll likely never get to see that stuff performed live ever again.
I've been following you on insta for about a year now and just now bumping into your channel
I’m always amazed when that happens! Glad to have you over here!!!
Thanks, I'm thinking about getting into this.
Thanks this is really helpful. I live in the UK
My father bought an original Hohoner Madcat in the 70's I think he paid £65 brand new and it's now worth over 3 grand. Me old man left me a fantastic guitar collection about 70 in total, he was right handed and I'm left handed, that's the kicker but their heirlooms and will go to my boys when I shuffle off. Then there's the lefties I've bought over the years, the advice this chap is giving out is sound but you have to know your stuff to repeatedly make a profit and I expect Doom knows his stuff. Great upload my man.
Wow! Have you flipped any of them and set them up left handed??
This is great advise if you are buying on price alone. Sometimes though you find a guitar that’s so amazing you have to buy it, new, used, vintage, whatever. If you buy guitars to play them and love them and you’re okay with losing a couple bucks if you have to I value tone above resale.
There's still no reason to over pay. That's more like impulse buying if the desire to own something overcomes the idea of paying way too much for it.
I’d say that unless you’re running a business, if you break even or close to it, it’s a win. It takes a tremendous amount of time and effort to make a profit as you explain. I’d rather spend my time doing things I enjoy instead of chasing a couple hundred dollar profit for 6 months
Agreed.
Interesting idea.
I've never purchased a guitar with the thought of selling it down the road.
I've always tried to purchase things that I know I'll love, and will most likely not want to sell.
Even some of my first guitars that are nothing special I love to keep around,
I guess that makes me a collector?
I enjoy being a collector also, but price/value is at the center of every purchase that I make. Some of what I enjoy is having things that are hard to find. This does not always mean they are 'valuable' but my 90ls Korean set-neck Tele with passive EMG pickups cost me $225 and is a serious player. So thats my 2 cents, work on buying gear that you can get your $$ back from when it comes time to sell. You will end up with lots more hands on time and just might find that what you really love isn't always what you thought you wanted.
Yes I buy with intent of keeping it for life and in my mind think no one buys used guitars anymore. Really most people buy new and don't have a clue to value of used.
Nothing wrong with that, I'm the same I have my first guitar a Marlin sidewinder considered the Strat killer of it's day. Nothing wrong with keeping things you have an emotional attachment to. I buy guitars to sell and I keep the ones I like, I'm also left handed so it's easier to see why I do that but the same applies regardless of the orientation of your guitars.
I flip guitars everyday. I never sell on the internet other than craigslist. Letgo/offer up. No fees Is key. Avoid high end stuff unless you got it at low end prices.
Great advice. 👍🏻
No fees is correct for selling low end merchandise you should do both high end and low end utililize selling online for high end buy guitars at auctions to reuse the boxes to ship out and use local music store to put you merchandise on consignment.
@@ultramindcontrolrealzz8367 I order a lot from goodwill auctions. Strat copies go for 10-30 bucks sometimes. Boxes, parts, and if you want to resale as is. I’ve made profit from yamaha Pacifica’s everytime.
Also a great place to find a guitar project/bodies for partscasters. I’ve sold builds for 400-500 and all I spent was 30-40 on the guitar and maybe a alnico pickup swap. I’d the finish is bad I’ll sand down and stain the wood for a natty look.
Can you give me an idea of profits. Is it worth it?
Love the acid bath shirt!
An oldie!
Nice videos you have, is reverb safe to buy? I want to buy to a guy that sold One time and got good review. Thanks
Nice Acid Bath shirt man! They're such a great band that doesn't get enough credit in the genre.
Thanks man. It’s too bad they don’t do some sort of reunion. I believe they have a larger fanbase than they likely realize.
Yeah they definitely do. I really wish they would also, I pretty sure it all comes down to Dax. I think he said that is behind him and he just wants to focus on his solo music. Im a big fan of his work and I like Goatwhore but I would love to see a reunion.
Wisp of a Willow Music yeah. Big fan as well. Got to see him do a solo set a few years back here at a coffee shop. I was the only one in the place for sound check. Pretty surreal.
That's awesome. It'd be so cool to chat with him for a few. I saw him when he was doing Deadboy and the Elephantmen. Id really like to see him again though. We Sing of Blood and Love is one of my favorite albums he has done.
Ironically.... I JUST bought a used 2016 SG standard. I got it BECAUSE I knew I could relist forst at least 30% more than I gave the guy.
Well executed man!
I guess im asking randomly but does anybody know a tool to log back into an Instagram account?
I stupidly lost my account password. I would appreciate any help you can offer me!
@Kameron Ronald Instablaster ;)
You can buy new in certain instances. 1. If you can get them wholesale for a lot less than street price. 2. If you can find something a little bit unusual that isn't distributed in the US (or your area).
True for sure.
I just came across this. I sell my personal high end pedals. I’ve yet to make a profit. They’re mint, never left my home, non smoker, I’m a pedal addict so they’re not used a lot. If I want to sell them I lose so much money. I’ve yet to make a profit. Anyway, good video. 👍
Pedals can be tough to make a profit, but I still apply this principle (always used, close to 20% Rule as I can get, etc) and tend to minimize losses. Bought a pedal a month ago for about $50 less than I could sell it for, which is a big profit margin for a pedal flip.
buy used ones....
I bought an american strat in perfect condition “$1200” for only $50 on letgo because it was a 13 year old kid who got it for Christmas and sold it for money lmfao
Damn.
Does It Doom? Ikr
Does It Doom? I think I’m making a little bit more than 20% LOL I also bought a Les Paul special 2 In perfect condition for 50 bucks these are my first two flips ever
Cruel, that's abuse and karma will hold you responsible one day.
You owe that young lad some money, thief that's despicable, you should find him and give him at least another $450.
Cool I've never known how to price guitars. I've got a lefty 2000 gibson les paul special premium plus. 1960's reissue. Only has a couple of scratches and you really have to look for them. I paid 1600.00 for it about 7 years ago. I saw one on reverb for 1900.00 and another for 3400.00. So I think I got a good deal. I ain't complainin'.
The 65 SG special would go for about £2800 in the UK no problem, possibly a little more but they seem to be 2 a penny over hear.
Hey Dude! would you be up for doing a video showing how to set up a guitar for c standard tuning? how to set intonation, whether or not to mess with truss rod etc? say going from e standard down to C? really appreciate all your hard work! Thankyou from Cornwall England!!!x
karlosquinky hey man! Thanks for the suggestion; I will certainly give it some thought as I’m sure it’s a common question. The general answer is that the setup process itself is very similar to how you would setup any guitar, but there are a few important considerations depending on what string gauge you use, how you have to adjust the nut slots to accommodate those stings, and how much tension they will put on the neck. I personally use relatively light strings, such that the guitar nearly always plays and feels like a set of 9-42’s in Standard Tuning, which typically doesn’t require any nut slot filing or massive adjustments of the truss rod. For example, I run 10-46 strings in C-Standard and 11-49 strings in B-Standard.
nice! thanks for the quick reply! so for example I use 9-42's on my e standard guitars and the guitar that I currently have in c standard has a set of 10-52's (heavy top skinny bottom's to be exact!) ( Had to pay a tech £35 -$45 to do that setup!!! - sure you can see now why i need to learn how to do it myself!!!) so what you are saying is I could get away with just adjusting the bridge saddles and maybe filing the nut a little? Cheers!!! @@DoesItDoom
karlosquinky your trussrod will still probably need some adjustment. Assuming you have a Tune-o-matic style bridge, start by checking out this four part series by John Carruthers:
ua-cam.com/video/zpphzkj4Wh0/v-deo.html
An interesting way to go about it, if you like the way your C standard guitar plays currently, is to go through the steps John discusses and take accurate measurements of your neck relief, action where the neck meets the body, and nut action. You can document those numbers for reference. If you find your nut needs slotting / adjustment, you might be best taking it to a tech, but all the other adjustments are usually pretty straight forward once you’ve done it a few times.
Thanks for the advice! most appreciated!!!@@DoesItDoom
Ernie Ball not even Slinky is the set I use in C standard on my Les Paul. It did required a small truss rod adjustment and nut modification. Also the intonation with some Les Pauls need some of the saddles flipped to get the intonation good. It rocks like a motherfvcker!! From there drop B is easily in reach as well! 🤟
Agreed on buying new *but* if i want a specific guitar, which is a new model (for example, solar guitars), i can’t buy it used.
And that sg is beautiful
I agree with everything you said but I do buy new occasionally if I get it discounted. Last new guitar I bought was a 7 string Jackson that was 599 but I used a 20% coupon. It was the first year for the Jackson Telly 7 string so if I wanted it I had to buy it new. Circumstances change when It comes to more expensive gear like you have, but I buy cheap.
Chris Rinehart sometimes buying new is the only way you can get what you want, but I do everything I can to avoid it, especially if the purchase is over a couple hundred bucks.
Does It Doom? I usually find myself attracted to guitars that have been discontinued, which is either a blessing or a curse in the used market. I’ve been itching for an Epiphone Firebird studio for a couple years but never found a deal worth moving on. Before I was looking for one I used to see them everywhere selling for next to nothing. Currently on the lookout for a Hagstrom Deuce for a good deal, but I’m afraid that I’ll be hung from my toenails if I buy one. Great videos by the way, just found your channel today.
Chris Rinehart always the way it goes! Thanks for checking out the channel. I appreciate it.
very useful information thanks
Sure thing. Thanks for watching.
Also a decent idea: I bought my SG Faded "new" back in 2005, and I got a sweet deal on it because it was a heavily played floor model (apparently people don't know how to or don't care to put a cable in carefully) - everything is negotiable!
Nice!
How do you check out a guitar for authenticity, how would you tell if a guitar is a vintage model or a well worn, much more modern and less valuable model?
Stoner doom blues? That best describes my playing...I didn't know it was a genre I'm gonna have to search for some after this video.
Gotta say sg's are my favorite to play any cheap sgs are? Thanks man love the channel
Epiphone has some nice SG’s for good prices.
Epiphone G400s are your friend
Never played a bad one, and they just sound absolutely massive
This seems more in line with gear flippers and less for those looking to write and record when it often makes sense to over-pay for something unique if it inspires new material. I also hate babying guitars, I don’t want to stress a scratch or dent...I’m also big on custom guitars which always get killed on resale fuck money, I’ve got a job for that.
I'm definitely a flipper by nature, and I do buy and sell a lot, but that doesn't stop me from picking up pieces that inspire me to play. I genuinely follow this approach with every purchase I make, but if you've got the cash to buy all the gear you want at all times, I say go for it!
Does It Doom? One advantage is that with a few good flips you can afford to make some riskier purchases. I just wouldn’t want to see someone miss out on something important just because it might not be a moneymaker.
This information is totally relevant. Anything to help with costs of equipment and managing band costs.
Very good point about new items being a waste of money. And it is valid to any manufactered good. The first buyer pays all the taxes involved in the chain of making that good, including moving that item around the world when imported, then pays for the customs, then pays for the existence of the store and for what? When you arrive home from the store with a brand new guitar, it is already "used" for the second market. With exception of first need itens (clothes, shoes, food) buy used, people! From pedals to cars to houses. Don't be the first payer!!!
What work should I know how to do to a guitar before I start buying and selling them? Cool video
The more you know how to do yourself the better. Basic setup work (neck relief, action, intonation, pickup height, fret polish) is a must and some basic soldering skills will be helpful as well. There is plenty to learn in terms of repair and maintenance if you want to dig into it.
When you buy something on reverb, you only have to pay for the item and shipping ? Do you have to pay reverb a % too or is that only the seller ?
As the buyer you pay for the item, tax, and shipping. The seller pays the transaction and reverb fees.
I only started doing this to try guitars and resell, hopefully getting a small profit or knowing I can get my money back.
Now what if im re-selling guitars online without ever buying them BEFORE my orders come in to me. Would I get sales? Or are musicians smart enough to keep looking online until they find a cheaper version? By the way, I sell new guitars.
For example if theres a $599.99 guitar for sell (New). I re-sell that for $799.99 and offer completely free shipping along with the warranty, return policy, etc. Any tips on marketing?
How were you able to get such good deals? Were you just super quick to really well priced listings or were things listed for way higher and you made offers? I have about $2000 I can spend on a great SG and I'm having a hard time finding a used custom shop that comes close to that
I have my reverb feed dialed in pretty tight and check it frequently. If I’m searching for something I’m fairly patient about pulling the trigger but hunt relentlessly. I find most people are too eager to pull the trigger on the purchase and not willing to wait a month or two to find the right piece.
Check out reputable pawn shops. I got a killer deal on an original run Wolfgang special EVH guitar that listed new with case over 1100$ for 300$ albeit a few scratches on the back that were very small. I agree with Does it Doom. Quality gear should hold most of it's retail value.
Thanks for your knowledge. My fear shipping my guitar is that it will be damaged or the buyer can claim anything that it’s broken when they broke it etc. How do I protect myself in shipping and also from a corrupt buyer? So you sell it as is and no refunds or exchanges? CN you do that on reverb? I play mainly acoustics and I have a Taylor 324ce I bought for 2199 and it’s basically almost mint I even have the boxes. It’s about 8 months old and I just realize I prefer Martins ir even other Taylor. I got caught up on the look and not the sound of this pretty guitar. Sounds fine but not compared to my Martin. Is it better to just use Craig’s list or some other and sell in person? Thanks bro!
When it comes to shipping, you can purchase some insurance through the carrier (FedEx, UPS, etc.), which I would recommend. That said, if something is damaged during shipping, it's not always easy to get your insurance claim paid for. You have to prove that the guitar was packaged correctly and not mishandled by the carrier. In my experience, you need to show the box itself is damaged if you want the claim to be processed. My recommendation is to pack the guitar as securely as you can, making sure to wrap the headstock in bubble wrap and slack the strings. Generally shipping inside a case is recommended. If you want to sell local, Facebook Marketplace is probably the best bet these days, but you can list on Craigslist as well.
@@DoesItDoom I think you’re right I’m going to just do Facebook marketplace. What about payment? Is it best to use zelle or Venmo so the money is instant? Even cash these days can be fake. Thank you so much for your kind reply.
@@R.L.Humpert I’ve done PayPal and Venmo as well as cash.
You're right.
Hey dude i really enjoyed the vid! I'm thinking about starting to flip guitars on reverb, besides the 20% rule do you have any other tips for a complete newbie tryna make a couple bucks/trade guitars?
Bro awesome acid bath shirt
An oldie!
I know I’m late to the party, but I know you talked about buying used and selling that way. However, was that for American/authentic models and if so can you still apply the same concept to lower models given that giants like guitar center have them new for cheaper?
It’s tough to make a lot of money in the space. The idea here was more to break even or maintain a slight profit margin. Generally if you make $200-300 profit on a guitar flip, you did well. Finding lower end models actually works out well and the ROI ends up higher. People are often eager to get rid of them (sometimes they have stopped playing entirely) and will sell them for below market value. So say you get your hands on a nice epiphone for $200 and sell it for $400, your return on investment is higher (100% ROI) than scoring a nice Gibson for $800 and selling it for $1000 (25% ROI). In the long run, when running a business you wait to aim for those higher margins and larger ROI. It’s also easier to make the sale for $400 than it is for $800 because your audience of interested buyers is bigger.
@@DoesItDoom thank you very much!!! I did some research last night. I bought the guitar for 825, not realizing the guitar is actually 950!!!! Your advice is amazing!
Does the 20% rule cover selling fees and possible shipping costs?
You're absolutely right about fees; they can totally eat up any profit you would otherwise make from finding a good guitar cheap.
I find the best deals are around the $800-2000 price point. They are sold often far cheaper as people buy them on credit as a first guitar, then give it up and sell them rather than trade them in. Also, the market for buying are players who know what they want and will pay what they're worth.
Guitar shops, especially chains, are where I always find the best deals. They often have staff that don't always know the proper price, and for them, they need to move product. A trade in means a new sale, so they can afford to lose a little. Also, they pay far less for the instrument in the first place, and usually only in store credit.
I came here looking for tips bc had the thought of starting this as a side hustle. Instead of used guitars I was thinking of getting the BOGO deals on new guitars and reselling them new still in the box. I’m open to everyone’s thoughts on this. Pros and cons?
Question how do you find value on a one of kind guitar like a custom shop or hand made?
Can be very difficult to price guitars like that.
Have it appraised. I have a 82’ limited edition strat. “the strat”. Real gold hardware and in the rare cream white color. The appriasier said it’s around 15k maybe more. Took 2 years to get it done
My Father passed on and gave me his Martin acoustic guitar I'm not a fan of acoustic and would like to purchase an electric guitar with the money I get from the acoustic is that logical / prudent
Really your choice. The Martin surely has decent value in terms of resale.
I want to get into this, but I’m afraid of sitting on stock. It is a bit of work to advertise and hustle to sell stuff. Any advice or thoughts that would help?
A lot of work with pretty low margins if you’re trying to make substantial profit. Generally if you make $200-300 on a guitar flip after shipping and fees that’s a pretty good day. Be prepared to do some repair work and setup work yourself, learn how to pack and ship efficiently, be prepared to buy the deals as soon as you see them, know the market well, etc. It’s a lot of work with pretty low ROI in my experience.
What do you think of making Pre-made electronics? you can at least make 50 to 60% profit if its done high end.
Not really my thing. This video is simply the method I try to use to buy, try/demo, and sell a lot of gear while not really making or losing much money.
A huge thing you are leaving out in the example is that the $1000 is THE FINAL PRICE including tax and shipping and without considering this you might as well kiss your profits goodbye (depending, obviously)... not to mention that the listing at $1200 does not take into account sales/ income tax nor reverb/eBay seller fees.
ALWAYS take all fees into consideration before calculation profit margin/ markup. Small businesses constantly fuck themselves by forgetting/ neglecting to do this to make their business seem/ feel more profitable.
Well, I suppose it's not *always* buy used, since you're a vendor for new guitars now. :) Those Woodbine Warlords are sweet, though.
What if I bought a guitar for 80 bucks off marketplace and there’s two listings that are 500 and 1600 and if says it’s rare but the 500 one was sold 5 years ago
You almost lost me at "tonewood" 🤣 Nice video though!👍
I understand now.. 1. Do a price comparison, look at used guitars on reverb, Amazon, eBay, 2. make sure you pay less than that price, 3. make sure the guitar your getting is in good condition, 4. profit..
Late 2022, it seems to make little difference buying used gear over new... asking prices are frankly ridiculous!!
It’s only if it’s all original if it is altered it’s loses its value at about 30 to 60% you have to check a collection basic price of a used instrument of a original instrument and what a collector blue book is value at and that would let you know on what it is really value at 🤔🧐🤨👍👍👍👍
Lane needs to know what is the price of a good custom by specific order
I assume it's 25 to 30% now with all the fees on reverb?
Online gear prices are pretty out of hand these days. Tough to find the deals. Lately Im finding the best deals on Facebook marketplace / local sale. No fees, no shipping, and usually lowest price.
@@DoesItDoom definitely seems the best place. Here in st louis people are trying for premium in FB too though
I am a beginner learning guitar and I am looking at a Gibson SG 2018 (seller bought 2 years ago and said rarely used) the price is around 60% off. Would that be a great deal?
What is the actual price he is offering it to you for?
@@DoesItDoom The original price is listed in Singapore currently at US $1615.96. The seller listed at US $1034.67.
Jeraldo thats not a bad deal, but if I were shopping for a 2018 SG I’d be trying to pay $800 USD.
Does It Doom? Thank you so much for your response. I’ll give it a try. Cheers!
I found a Fender American VG Strat for $150 at a pawn shop ando still sold it cheap at $500
After accumulating over 100 guitars since the late 70s, I began selling/trading many off 5 yrs ago. Selling high end gear on Ebay is a nightmare. It is a buyers market and a sellers hell. Of the 20 or so guitars I have tried to sell , most being betreen $3 - 10 grand. I only sold 3. The rest either people wanted for nothing, con artist or dead beat bidders.
I just ran a rare Ernie Ball Van Halen Sig "93" pink for 10 days. The auction ended today with one bidder and yup, you guessed it. A sob story about his PP was suspended due to a "crook" and PP took the crook's side so he would have to find another way to pay. Nothing I have never heard before and a big red flag. #2. He has a PO box. I stated guitar would be 2-3 day AIR, sig delivery ONLY. I will now only buy/sell inexpensive items on Ebay and Reverb. I may lose my ass but I would rather drive my guitars to a large city and try my luck selling to a large music store than play Russian roulette on Ebay.
You said it, nothing but low ballers expecting you to hand over your valuable stuff. I just want to downsize what I have, not run a charity.
There are two magic guitar names: Fender and Gibson.
came here looking for advise / insights but early in you had to go and refer to whats well known BS, "tone-wood". I just bought a LH Eastman SG59 which with easy searches doesn't receive 1 negative review and often people fear it's better than Gibson. Yes, Chinese but hand made by Artisians. Add to the fact that the Gold Top I bought is discountinued, I think I'm g2g as far as it not losing value and only trend upwards. And for all the people that say only US guitars are collectable, well that certainly isn't the rule with early 80s MIJ Strats and Tokais.
Nice shirt
Whew, good luck folks. Used prices have become absolutely ridiculous since March 😓
Acid Bath shirt earned a like right away!
Hi there ,Robt.. Campbell I have a guitar 4 sale I don't know sell for .(989)827-9502..
I picked up a mint orange tiny terror for $250 yesterday in West Virginia, I could easily get $400 for it.....but I don’t like getting rid of music equipment lmao
Nice work! Selling is a bit more work but can be a lot of fun as well!!!
I’m super late, but where was this at? As a West Virginian, I’d love to know about more places here to get good deals on gear
What would a 1968 Fender Stratocaster electric guitar sell for ?
a lot
This might be kind of weird, but what is your thoughts on this package?
reverb.com/no/item/15935449-orange-or-120-1973-pics-only-and-4x12-cab
If you would not like to answer to random inquiries over youtube, I get that haha.
Hit me up on Instagram DM @playergradeguitars and we can chat about it!
@@DoesItDoom Appreciated! I´ll get on to it when I get home from the university.
I was with you until you mentioned tonewoods 😁😁only joking great post 👍👍
I've learned my lesson buying new. I'll never buy new again. You can get a good deal if you look long enough. People do list guitars way to high , I'm not sure what their thinking.
I agree with everything you have said Tracy but it's a little harder when your left handed. I have had to commision guitars because the model i wanted wasn't available in a left hand orientated guitar and it gets expensive but given the chance to have bought one used, i wouldn't have hesitated. Lefty's get a bad beat when it comes to guitars, higher premiums and less selection.
4:28 - 5:31 after doing the math. Spending $1850 to make roughly $70 profit (after $80-$100 shipping fee after a sale of $2000)seems kinda sad tho
:(
I like flipping pedals but after a while my conscience started convicting me from making money off of fellow musicians. We are all struggling to do what what we do, and why? Sheer love of music. I enjoy more getting them good deals.
I love your channel, but I have to disagree. Old guitars can have a lot of issues, including fret wear that you will not see buying online.
Just need to ask the right questions before you buy. 🤷🏻♂️
I’m kinda the same I worry about used guitars and how they were treated. He’s right especially with acoustic that the older woods sound even better but what shape is the guitar in. So it’s just my thing to buy new even with cars. Although I bought a brand new Taylor less than a year ago and I want to sell it not because it’s no good but I want to buy another guitar I really want in the same price range that’s brand new. My wife is having a breakdown if I buy another so I’ll just trade them so to speak. I bought my Taylor 324ce for 2199 and it’s basically mint with the box and everything. I’m just wondering what to sell it for. If I apply his rule to the 2199 people will just buy a brand new one. I’m also worried about shipping damage. I just think it’s better in person but I have never done that.
Where's the best place to sell guitars without paying high fees? Ebay is like 10% and Reverb is 5% now.
The places that I see some really cool exchanges happening are Facebook groups. Gear groups specifically, such as this one facebook.com/groups/255829669143710/?ref=share . I would still sell on Reverb simply due to the size of the user base and reach you get on a listing. The additional $20 fee on $1000 sale, while I’m not happy about it, won’t lead me to stop using the platform. I haven’t sold on EBay in years as I find it generally inferior to Reverb from a seller standpoint.
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As of April 2024 no one is buying used guitars unless you’re basically giving them away. It’s a trade market..
I dunno man, sounds like a lot of hard work.
My goal is to buy guitars I love and enjoy.
I would rather spend those hours playing or surfing.
My version of your rule is that I’m comfortable to lose 20% of what I pay if I sell.
To each their own! The hunt is my favorite part.
@@DoesItDoom I live in Australia. and our market is very different to yours. Very limited and US made guitars are generally quite expensive, so I need to be prepared to spend to get good stuff and not sweat the rent if I sell. I tend to buy stuff I like and hold on to it. Most of my guitars are signature models, mainly because they offer extra features I really like.
don't forget the fees you are charged, every body gets a cute of your take.
Yeah, for sure. Part of why I think you need to shoot for 20%.
Ironically I always offer 20% less than what it’s listed for, and now I am vindicated
Find the deals!
I think it’s better to support independent builders than to support the flippers and scammers.
Flippers usually are scammers! This is a bullshit video, if you don't know what you're doing, DON"T!
The problem nowadays is people want $120+ for their crusty fucked up squire.
I like your style dude, you forgot Rule #2; Stay the F*CK AWAY FROM GUITAR CENTER!!!
Well, maybe that's so not much a rule as it is my personal philosophy. (they are the WalMart of music stores) Anyway, cool videos!
I do enjoy browsing their used listings, but it’s rare that I make the trip out to an actual brick and mortar GC.
List $1200, sell $1100, net $990.
Les Paul standards used you can score some for 1600 on Craigslist
Steve McQueen yeah, for sure. Sometimes even a bit less.
Almost not worth the hassle just to make 200?
Yeah if your buying and selling high end guitars.
I’ve applied the same ideas to plenty of inexpensive guitars as well. Sometimes more successfully so because it’s easier to sell a guitar in the $400-$500 range.
Unfortunately not in todays economy no way! The market is saturated with gear and people want your gear for nothing.
I agree about not buying new. You don’t have to give it away but than don’t expect a quick sale.
I am a musician, not a capitalist. I build new and never ever sell my guitars.
Personally, I would never buy from nor sell to any of these "re-sellers".
I think you are 20% full of ?!?!
And 80% full of nice gear. 😂💩
no I have a burden to get rid of, selfish hoarder boomer father left me with all these sucky guitars I have no interest in, and now I need to sell them to free up space. I have NO interest in buying more of these things
The American guitars still hold value, others, its iffy..
its better you learn to play instead do "bizniz"
What about buying in bundles reverbs fee is 5% not 6% why am I thinking this guy is full of crap my rule is 40% not 20% and I fix them and make 40 to59% profit. If you listen to this guy you will not be successful you will fail.
Asking for likes and subs in the intro is dislike
The market is dead.. I miss President Trump 😒
I got a autographed Dimebag Darrell Southern cross Washburn. It's number 15 of 100. It has a certificate of authenticity on the back headstock. The issue I have ran into is China is making some really bad counterfeit knock offs. I've seen this online there is several tail tail signs of things that is so obviously wrong like the wrong font on the headstock the letters going the wrong direction the wrong pickups etc. Mine is totally legit. Back when these guitars was being made there was the American built and the Korean built. Mine is a Korean built. But I was standing there when Dimebag autographed this guitar for me. I had a picture but it was destroyed in a house fire. Luckily the guitar wasn't in the house obviously. I mean I'm only asking 9,633.33. which is extremely reasonable in today's market for this guitar. The only reason I'm even considering selling it is because I'm a single father with two daughters I've been in a car accident I haven't been able to work. They have it set up where you they don't do partial or temporary disability. If you get on disability and you ever go back to work you can never get on disability again. So I'm behind on all my bills I mean worrying bad financial need of me doing something drastic like selling my absolute number one most prized possession. This guitar has been my most prized possession since 2002. But my daughters and their needs means more than my possessions. If you could give me some advice I would much appreciate it. Because I'm sick and tired of people that don't know what they're talkin about trying to tell me that it's fake or it's a counterfeit.
Old vid… but it really doesn’t seem worth it making 2, 3, 4 hundred dollars these days. There are so many thieves, scammers, scumbags out there… you take one hit, takes a lot of sales to make up for it.
Especially if you are not very well versed in valuing, judging the authenticity, the shape the guitar is in, and nailing current values… forget it. Not a game for newcomers.