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Vinyl Asylum Welcome Licorice Pizza (LP) lovers! Setup guides and Vinyl FAQ. |
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Vinyl Asylum Welcome Licorice Pizza (LP) lovers! Setup guides and Vinyl FAQ. |
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In Reply to: Have not popped in here for a long while posted by Penguin on December 29, 2021 at 22:44:12:
Are you willing to invest time in selling your collection or do you want one person to show up, offer a single price for everything, and be done ?
The first step is to decide how much time you want to devote to selling your LPs. You basically have 3 choices, each with a different potential outcome.
If you want to sell everything to a single buyer, I would create a list of dealers/resellers within a single day's drive of your location. Then create a basic list of what you have, including visual estimates of condition. Then contact each dealer and invite them to inspect your collection, and give you a bid. Best bid wins. Understand that dealers will bid at a price allowing for profitable resale. Your profile indicates you live in the Mid Atlantic region. I suspect you have -a lot- of dealers within a 3-6hr drive of your location.
Or, as another person suggested, seek a consignment seller who will sell valuable LPs on your behalf. You will receive more in this scenario than from a wholesale bidder. This person may or may not inspect your collection. They will likely rely upon you to identify and ship valuable LPs to them. They will list, sell, ship then send you an agreed % of the net proceed
Or, sell each LP by the piece. This will result in the highest net proceed to you, but will entail the greatest investment of your time.
Personally- I would go through your collection and segregate your LPs by value. $1, $5, $10, and $20+. Anything worth $20+ should be sold online- either Discogs, FB, Instagram, or Ebay. Ebay will likely result in the highest proceed. It should take about 30min to photograph, process and list a single LP.
Shipping: a 1-5 LP mailer can be purchased in bulk for about 50 cents each. A single LP can be sent via media mail for about $3 per LP in shipping cost....so your cost to ship a single LP is minimum of $3.50. You can include shipping in the sale of more valuable LPs- this will help you attract buyers. Or add $3.50-$5.00 in shipping cost to each sale.
Are you comfortable interacting with groups of people at this time ? If so, then you have some options.
Record Fairs and multi vendor Record Sales have started to come back again. Find one in your area, and plan to take 1000 or so LPs with you; an assortment of $1-$5-$10 LPs. You will likely sell all or most in a single day, and meet some great people who may have interest in additional bulk sales. You will also meet some professional/ semi professional sellers who may be interested in purchasing the remainder of your collection.
Are you comfortable with individuals and small groups coming to your driveway ? If so, you can schedule and execute a pop up record sale ! Basically this is a LP only garage sale. Place ads in craigslist, and local FaceBook pages announcing the sale, and then ask interested parties to contact you directly for the address. Address is disclosed the night before, then removed from content the next day after the sale. You will sell much more than you expect, and again meet great people, some of whom may be interested in bulk sales. I have done this several times, and it is a great way to spend a Saturday morning. I have -always- ended the day with several hundred dollars in my pocket.
Good Luck- wish I were close to you or I would make an offer for everything !
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Follow Ups
- Time is Money ! Your time invested will be proportional to your proceed ! - Ross 20:13:52 12/31/21 (2)
- FAQ worthy post!... - musetap 16:11:13 01/01/22 (1)
- Agree, and it's getting more frequent. nt - alaskahiatt 16:28:22 01/01/22 (0)
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