Discussion in 'Making Money' started by Simply Social, Jul 30, 2012.
sounds like a nice method.... i might give it a try with a few hundred $$s
will post results here
Great method. Yes, it's not for the lazy person, but this is totally different from the IM norm, which might get people interested. It sure made me interested. Now to put it to good use. Thanks and Rep given.
I am an old school analog loyalist. I'm going to try this for fun as much as profit.
Thanks man, great share. I am going to try this out!
By the way, I just visited the site. It looks good, but I think the people who do this method has to get acquainted with the terms "mint", "near mint", and so on. If they already know about this, then yes, this method looks suited for them.
Another thing I want to throw out there is that I noticed a good seller from HK on that site you mentioned. And that got me thinking, are fakes rampant in this sector? The reason why I ask is because I have been in China for the past 10 years, and faked items are extremely normal day of life here. So, can people fake this at all?
I'm not asking because I want to make replicas of stuff, I just want to know the market a bit better.
Buy for a dollar, sell for two. Nice method! How do you store your inventory?I've actually heard of people buying Vinyls on ebay and actually re-selling them on Ebay at a higher price (with better advertising etc).
Guys, you are awesome!!!
Im extreme in these things: Im living with a room mate and we have a 75qm flat, my room is 22qm. I stored 11.000 records here, it was extreme!!!!! There was no chance to open that fucking window in my room for 1 month.
You can do it on every level - buy 100 records or 1000. 50 or 50.000!! But go only for auctions, only for private sellings. Grandpa selling his old collection - always a good shot! Im envy of the prog/psychedelic rock addicts. There are records worth more then 500 Euro and actually selling for these prices!
@rgeczi - i noticed no fakes up to now and i never had a buyer asking whether this record is fake or genuine! If its possible to produce replicas, there could be another method involved here but i wouldnt try it because buying a large record producing machine will cost you 100k for sure.
Regarding grading: I have no knowledge in grading. Read that one time and then only looked at the record and immediately gave it a grade without looking deeper. Got some complaints, but its 1% or 2 % complaining. But its better if you know it.
@kiggd - haha yeah- but the math goes like this: buy for 0.1-0.2, sell trash for 0.5-0.6 and the other maybe 40%, maybe 60 % for 1 $ up to xxx $. I had 20 Records worth more then 50 $ out of it and 4 records already sold. This is getting epic then!
Stored them in my room, advantage is you dont need to fuel the room so much. The records keep the room warm in winter haha! But seriously, i would suggest to store them anywhere else, where you dont have your bed etc.
Btw this is the record, which got the highest selling price ever in discogs:
over 4000 $ for this 7".
On the high price side, its endless. Like everything you can collect, there are guys paying a bunch for rare stuff.
If you have any questions, post in the thread or PM me. Im here to help you with everything i know from the past 9 month!
I was thinking about doing the same i have a collection of about 500 45s already and after checking a random 20 most are worth 10-25 a piece had 1 for a dollar and another for 0.25 but my only problem is i dont have one jacket they are all naked. So would i be able to sell these?
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