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Selling advice

Postby zenguitar » Thu May 03, 2007 1:56 am

When it comes to selling equipment one option is to place it with a dealer to sell on commission. It can save a lot of work on your part and ensure that you are not inviting strangers into your own home.

But even the most reputable of dealers can have problems so it is worth making a checklist of things to do to protect yourself just in case.

1st of all, ensure you have a written agreement that details what you are selling and the terms of the deal. As a bare minimum the agreement should state that the equipment remains your property until sold; that the payment for the goods, less the agreed fee/commission, remains your property; the amount of the fee/commission agreed (and, where appropriate, the limits on the dealer's discretion in negotiating a sale). In addition, you may consider photographs of the equipment to help identification, whether the dealer should be including it in their advertisements and what limits you would accept on your own efforts to sell privately (one of the most annoying things for a dealer is to have someone come into the store to look at a guitar and then for the owner to withdraw it from sale to sell privately to the same person. They quite rightly feel more than a little agrieved).

Even the best run business can hit unexpected problems so it is always worth taking a few simple steps to protect your own interests.

Hope that helps.

Andy :beamup:
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Re: Selling advice

Postby Tony Raven » Thu Jan 13, 2011 6:59 am

Photographs!!! Lots & lots & LOTS of photographs, even on a relatively inexpensive item.

Both parties (owner & seller) should sign off on the state of the item, particularly any flaws it does & does NOT have at the time of being handed over for sale. All it takes is one unattended 12-year-old (or equivalent) to drop a your guitar four feet onto linoleum to call your "friendly arrangement" into question.

Also, establish insurance arrangements. If your item is stolen, do you get paid the agreed portion, do you have to file an insurance claim with your household insurer (who might not cover it), do you have to wait for the erstwhile seller to make a claim?
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Re: Selling advice

Postby Steve Hill » Thu Jan 13, 2011 9:43 am

Music shops can and do go bankrupt. The first thing a liquidator will do - I write having been one, many times - is seize everything, and make anyone else prove his claim to ownership of any stock before he releases it (which is only fair if you think about it).

Documentation, identification and insurance: can't emphasise them all too strongly.

You could still be at risk if the shop has sold your guitar before liquidation but has not passed over the money to you. This is basically the worst case scenario. It is possible, with good legal advice, to have an agreement whereby your title to the instrument is yours until sold, and also extend to the sale proceeds. But even that is not much use if he's paid the proceeds into an overdrawn bank account. The bank are unlikely to pay out anything post-liquidation to see you right at the expense of increasing their own unpaid debt.

To the extent possible, try to use someone who is not likely to go bust!
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Re: Selling advice

Postby Tze Paul » Wed Feb 16, 2011 8:47 am

How about ebay?
or sweetwater at
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Re: Selling advice

Postby annac » Mon Jun 13, 2011 10:32 am

The tips are intelligent for marketing. i just would like to add that in selling, give value to customer service. That's one way of keeping and attracting customers or buyers on your side.
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Re: Selling advice

Postby dylantermos » Sun Oct 09, 2011 7:21 pm

Hi I just wanted to say I have had good experiences with PRELOVED a web site on the net.
It is free and you can post a pic of guitar or whatever. I Have sold a couple of guitars and an amplifier.
Check it out it's free.......dylan
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Re: Selling advice

Postby Henry Mark1 » Mon Mar 05, 2012 10:41 am

I am totally agree with you, It is good to make checklist whenever you are going to sell anything. This will make you and your product safe. Thanks for sharing this useful advice with us, it is really very helpful one.
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Re: Selling advice

Postby fleming24 » Mon Aug 13, 2012 10:31 am

Hi zenguitar, i am totally agree with you. this is also need for selling matter and it also gives security for which person who wan to sell anythings. so thanks for your advice.
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Re: Selling advice

Postby musicmixer28 » Sun Feb 24, 2013 1:55 am

Never sell a guitar at the pawnshop!
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Re: Selling advice

Postby Eric Wendell » Fri Mar 21, 2014 8:14 am

musicmixer28 wrote:Never sell a guitar at the pawnshop!
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Re: Selling advice

Postby Richie Royale » Fri Mar 21, 2014 12:06 pm

Eric Wendell wrote:
musicmixer28 wrote:Never sell a guitar at the pawnshop!

The price they pay will be well below market value.
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Re: Selling advice

Postby Wonks » Fri Dec 05, 2014 5:06 pm

No, that's 33.3% profit. Well done.
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Re: Selling advice

Postby Deleted User » Fri Dec 05, 2014 5:17 pm

Wonks wrote:No, that's 33.3% profit. Well done.

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Re: Selling advice

Postby JohnS37 » Tue Dec 22, 2015 8:44 pm

Probably right - they don't always know the value of what they have.
I remember Ted Turner of Wishbone Ash showing me his 1962 Gib 3-PU Black Beauty Les Paul and explaining that he had bought it from a pawn shop in Queensway, Bayswater for £55. Similarly, I bought my 1965 Deluxe Reverb for £52 from The Maniac Cash Buyer in Tooting. Great days! TT's axe would fetch five figures now easily, and I sold my Deluxe for £2K not long ago.
As far as selling on Ebay goes, I have always found that a really good description backed up with plenty of good photos works best.
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Re: Selling advice

Postby Sam Spoons » Wed Dec 23, 2015 1:20 am

I suspect the days of 'Shonky Shop" bargains are well behind us now :frown:. The internet means your Cash Converters et al can easily find out the value of nearly everything. Sad but I have my £27.50, car boot sail Mountain D45 to reassure me such things were once possible......
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