The music industry has grown, but the way music is delivered has shrunk over the years. People with old album collections who want to sell LPs online can do it themselves, or get the assistance of dealers, who can make the process much easier and still quite profitable. Resellers know how to price records, and they’re got more experienced in selling them online than the average person.
But before taking your records to a reseller and thinking you’re going to make a ton of money, consider several things. First, what condition are your albums in? While most people today don’t own turntables, there are plenty who still do, and they aren’t going to pay very much for scratched and played-out albums. You don’t want to try to sell LPs that are damaged.
On the other hand, if you have kept your albums in decent or excellent condition, you have the type of albums that people want to buy. Many collectors, thinking ahead, bought albums 20, 30 and 40 years ago and never even opened them. These people sell LPs online – by themselves or through dealers – and often receive top dollar for them.
Another thing to consider is who are the artists and what are the songs on your albums. This will affect the price. Vague artists or bands that hardly anyone heard of “back in the day” and nobody at all knows today will not bring a high price. However, if you have albums in your collection that were (and maybe still are) popular and contain songs that were once hits, you’re in a better position to make more money when you sell LPs online.
One advantage of selling your music to a reseller rather than directly over the Internet is the dealer will have experience and know the value of your records. When you sell LPs on your own, what will you use to determine the price? Likely you’ll either over-price, in which case you won’t sell much, or you’ll under-price and let go of records for a fraction of what you could have gotten for them.
Like with any collectibles, dealers can look at two similar albums and immediately know there’s a huge value-difference between them. Inexperienced people who want to sell LPs online usually don’t know this difference.
To sum up, just because you can’t play your records any longer doesn’t mean that others can’t. If you want to sell them and make some cash, a qualified dealer/reseller can help you and also give you a fair price that you might not get if you sell LPs on your own.
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