Buy used music equipment
Visit farmer’s shops and thrift stores in your area. These facilities can be great places to buy music equipment that you intend to sell, as they often offer very low prices. Visit them regularly to look for newly arrived goods.
Check local ads and online sources like Craigslist to see if anyone sells music equipment you can sell. Many people sell pianos through local ads for a fraction of what they are worth because they simply do not want them or do not fully understand their value. If you are knowledgeable about the piano or willing to do some research, buying and selling the piano this way can be very profitable.
Check auction sites like eBay for things you know are popular in your area or items that musicians are always looking for. For example, the SMURE microphone from Shure is a standard microphone that you see in nightclubs, rehearsal rooms, home theaters and professional studios. This is very easy to sell if you can offer the end buyer a discount.
Sales of used music equipment
Examine the instruments you have acquired. Make sure you know that each item is worth it to maximize your revenue. Check past auctions on sites like eBay and visit audio forums to see which musicians and engineers are willing to pay for specific pieces of equipment.
Join postcards and forums like Tapeop.com to post lists of your musical equipment. These message cards are a great way to sell used musical instruments as they are mostly read by musicians and sound engineers who are often looking to upgrade old equipment or purchase additional instruments.
If you sell musical instruments that are very expensive or needed by only a few people, such as a grand piano, mailing list on eBay, Craigslist and in your local newspaper. For items that are expensive or only for certain markets, you need to maximize the number of people who see your listing to find a buyer.
Tips and warnings
Buying and selling used musical instruments can be a very lucrative business if you are familiar with the value and quality of a variety of musical instruments. While some research may be necessary to determine what an instrument will be worth in your specific area or market, it is best to have a basic knowledge of musical equipment before committing to buying and selling musical instruments as a business venture.