Whether you're looking to sell a single amplifier, have an entire system you want to sell, are an experienced audio equipment seller or are just interested in a few tips for selling audio equipment, we have the information you need.
Demand for Used Audio Equipment
The retail market for consumer audio equipment in the US is estimated to be worth more than $20 billion. Although exact figures are not available, the market for used audio equipment is even larger. From entry level headphones to the high-end equipment preferred by devoted audiophiles, if you're selling, someone is buying.
The key to successfully selling used audio equipment is setting the right price and marketing to the right potential buyers. Here are the key steps to follow.
Identifying What You Have
Knowing exactly which Brand and Model you've got is critical. Discerning buyers pay close attention to detailed information. The difference between various models of the same amp can make all the difference in terms of price and demand. Once you've identified what you've got, refer to printed documentation or do research online to make sure you've accurate information to use when describing your item.
Determining It's condition
The condition of the used audio equipment you're selling is one of the first things a potential buyer will look at. Some are only looking for the hightest quality, some are looking for the lowest price and others are looking for parts. The key is to be honest and accurate. A false or misleading rating will only create problems after a sale. Using a well known grading scale helps provide a way for buyers to compare items to one another.
Setting the Right Price
Once you know what you've got and what condition it's in you need to figure out what it's worth. While you'll find plenty of entry-level to mid-grade components for sale on sites like eBay or Craigslist, determining what price to set for high-end, one-of-a-kind, rare or specialty audio equipment can be more challenging. For these items, a service like Audio Bluebook is ideal. It offers historical pricing data on hundreds of thousands of items bought and sold through the Audiogon Marketplace since it's inception in 1998.