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Post by swurveman on Oct 1, 2017 12:11:10 GMT -6
I'm thinking about getting out of the recording studio business and into the songwriting demo business. Consequently, I would liquidate my studio and start over. So, I'm wondering what the best way to liquidate is. Doing this piece by piece on Reverb or eBay is probably the most cost efficient, but it will take a long time. So, I'm wondering if there are others- brokers, dealers- who do this and will take over everything for a negotiated price.
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Post by keymod on Oct 1, 2017 13:27:48 GMT -6
Sonic Circus
Odyssey Pro
Soundbroker
??
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ericn
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Balance Engineer
Posts: 14,978 
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Post by ericn on Oct 1, 2017 13:33:23 GMT -6
All about priorities Reverb $$
Dealer might by it all time big $$$ loss
Broker in this day in age no real advantage, charge a premium and eBay and Reverb get far more exposure, you will be in the middle $$
But no real time advantage except the broker deals with most of the BS!
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Post by EmRR on Oct 1, 2017 14:06:17 GMT -6
It's much harder to get rid of stuff than acquire it. That has a value You will have to quantify based on your needs. My going out of biz sale would probably take 3 full time years if I ran it myself aiming as high as possible.
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Post by Martin John Butler on Oct 1, 2017 14:22:28 GMT -6
Won't you need the gear for the songwriting demo business?
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Post by yotonic on Oct 1, 2017 15:03:12 GMT -6
Not sure there is a "songwriting demo business" anymore. You might want a reality check on that before you sell all your gear at a loss.
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Post by ChaseUTB on Oct 1, 2017 15:14:10 GMT -6
What ya sellin?
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Post by Tbone81 on Oct 1, 2017 15:24:13 GMT -6
I would bite the bullet and sell stuff individually over time. You'll make so much more money and isn't that whats having a successful business all about?
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Post by kcatthedog on Oct 1, 2017 15:33:17 GMT -6
As a starter list stuff here as people are always looking ?
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Post by swurveman on Oct 1, 2017 15:55:16 GMT -6
Won't you need the gear for the songwriting demo business? Some. I'm gonna focus my spending more on instruments/mics/conversion/monitoring than anything. Gonna mix itb. So, two channels max ad/da. Gonna sell my amps and speaker cabs and go Kemper. |
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Post by swurveman on Oct 1, 2017 15:57:42 GMT -6
It's much harder to get rid of stuff than acquire it. That has a value You will have to quantify based on your needs. My going out of biz sale would probably take 3 full time years if I ran it myself aiming as high as possible. Yeah, I figured. I don't have to sell. So, I can take my time. I just wanted to know if anybody bought studio gear in bulk so that I could find out what kind of hit I would take selling it all. |
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Post by swurveman on Oct 1, 2017 15:59:54 GMT -6
Not sure there is a "songwriting demo business" anymore. You might want a reality check on that before you sell all your gear at a loss. I know. I'm doing this for my own enjoyment. I'll send the songs out anyway. I don't need the money. Recording bands is not enjoyable as songwriting and producing my own music. |
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Post by swurveman on Oct 1, 2017 16:00:33 GMT -6
PM me. I'm looking at doing this in 2018. |
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Post by swurveman on Oct 1, 2017 16:03:16 GMT -6
As a starter list stuff here as people are always looking ? Anybody who is interested, please PM me. I'm looking to start selling in 2018. I have no immediate need for the money. So, though I can give a discount, it's not gonna be a fire sale. Lots of top shelf stuff. |
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Post by swurveman on Oct 1, 2017 16:05:21 GMT -6
All about priorities Reverb $$ Dealer might by it all time big $$$ loss Broker in this day in age no real advantage, charge a premium and eBay and Reverb get far more exposure, you will be in the middle $$ But no real time advantage except the broker deals with most of the BS! Thanks. Do you know what kind of percentage the dealers and brokers want? |
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ericn
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Balance Engineer
Posts: 14,978
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Post by ericn on Oct 1, 2017 16:07:18 GMT -6
All about priorities Reverb $$ Dealer might by it all time big $$$ loss Broker in this day in age no real advantage, charge a premium and eBay and Reverb get far more exposure, you will be in the middle $$ But no real time advantage except the broker deals with most of the BS! Thanks. Do you know what kind of percentage the dealers and brokers want? Everybody is different, dealer is more likely to offer to buy at 50% of used retail, that's typical of used wholesale. |
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Post by swurveman on Oct 1, 2017 16:09:17 GMT -6
Thanks. Do you know what kind of percentage the dealers and brokers want? Everybody is different, dealer is more likely to offer to buy at 50% of used retail, that's typical of used wholesale. Thanks. Reverb.com here I come!! |
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Post by ChaseUTB on Oct 1, 2017 16:20:29 GMT -6
Maybe populate this thread or start a new one if you do decide to go solely into songwriting / self production ... good luck with your journey 🤠
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Post by popmann on Oct 1, 2017 18:54:43 GMT -6
I was considering the other day how to make this a full time business. Because THAT business will be booming over the next ten years, I think. As upper middle class boomers start to pass away.....GenX'rs (my gen) who've had home studios fora long time start to retire and move into condos in Florida....
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Post by EmRR on Oct 1, 2017 21:57:07 GMT -6
Everybody is different, dealer is more likely to offer to buy at 50% of used retail, that's typical of used wholesale. Thanks. Reverb.com here I come!! Count your hours packing and shipping boxes, subtract your labor cost. |
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Post by c0rtland on Oct 1, 2017 22:46:25 GMT -6
Thanks. Reverb.com here I come!! Count your hours packing and shipping boxes, subtract your labor cost. and opportunity cost. But hey, if it's either watching tv or selling gear then whatever. I know this crazy girl (lawyer by day) that collects toilette paper rolls, friends/family, and sells them in bulk on eBay. I guess people use them for crafts. She's a sell-thrift penny-pincher coupon-shopper. She will sell anything for any profit at all. It just gets her off. To each their own... if it wasn't for her I wouldn't know about www.indianaunclaimed.gov. I had over a hundred dollars on there. |
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Post by johneppstein on Oct 1, 2017 23:51:10 GMT -6
It's much harder to get rid of stuff than acquire it. That has a value You will have to quantify based on your needs. My going out of biz sale would probably take 3 full time years if I ran it myself aiming as high as possible. Yeah, I figured. I don't have to sell. So, I can take my time. I just wanted to know if anybody bought studio gear in bulk so that I could find out what kind of hit I would take selling it all. If you're selling "in bulk" what you're going to get is the lower end of "used wholesale" range. Used wholesale is generally about 50% of what a dealerr will sell it for unless the item is especially rare, desirable, and valuable, in which case you might get somewhat more. However, if you selling a large lot all at once and need cash (instead of trade) you should expect to get significantly less - maybe 10% less if you're really lucky and have a relationship with the dealer, but more likely somewhere around 20% less than piece-by-piece wholesale, possibly less than that... Many, if not most dealers are not going give you much because they'd rather not tie up their liquid capital - they'd prefer to take it in on consignment, in which case you'll do somewhat better - they'll take a consignment fee ranging somewhere between 10% and 30% of the actual selling price after each piece sells - so the money kinda dribbles in and the dealer assumes no risk. Actual percentages will vary depending on geographical location, rarity/desirability of the item, condition, whether it's still in production, and the store itself and the type of market they serve. If the dealer sells it on a site like Ebay or Reverb those fees get taken off the top before other percentages get figured. You also have to understand that software is more or less worthless on the commercial used market and some digital hardware depreciates very, very rapidly, depending on manufacturer's update/obsolescence cycle, long term support policy, and, in some cases, what competing products hit the marketplace. And never overlook the effect of changing standards and compatibility. Offering a large bulk sale also sends the message that you're in hurry to sell and need fast money (or are interested more in expedience than in maximizing total cash), which of course drives the price down. Any way you look at it, if you want to do a big cash sale all at once you're going to take a pretty big hit. You're essentially placing yourself in a buyer's market. |
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Post by swurveman on Oct 2, 2017 7:18:33 GMT -6
Yeah, I figured. I don't have to sell. So, I can take my time. I just wanted to know if anybody bought studio gear in bulk so that I could find out what kind of hit I would take selling it all. If you're selling "in bulk" what you're going to get is the lower end of "used wholesale" range. Used wholesale is generally about 50% of what a dealerr will sell it for unless the item is especially rare, desirable, and valuable, in which case you might get somewhat more. However, if you selling a large lot all at once and need cash (instead of trade) you should expect to get significantly less - maybe 10% less if you're really lucky and have a relationship with the dealer, but more likely somewhere around 20% less than piece-by-piece wholesale, possibly less than that... Many, if not most dealers are not going give you much because they'd rather not tie up their liquid capital - they'd prefer to take it in on consignment, in which case you'll do somewhat better - they'll take a consignment fee ranging somewhere between 10% and 30% of the actual selling price after each piece sells - so the money kinda dribbles in and the dealer assumes no risk. Actual percentages will vary depending on geographical location, rarity/desirability of the item, condition, whether it's still in production, and the store itself and the type of market they serve. If the dealer sells it on a site like Ebay or Reverb those fees get taken off the top before other percentages get figured. You also have to understand that software is more or less worthless on the commercial used market and some digital hardware depreciates very, very rapidly, depending on manufacturer's update/obsolescence cycle, long term support policy, and, in some cases, what competing products hit the marketplace. And never overlook the effect of changing standards and compatibility. Offering a large bulk sale also sends the message that you're in hurry to sell and need fast money (or are interested more in expedience than in maximizing total cash), which of course drives the price down. Any way you look at it, if you want to do a big cash sale all at once you're going to take a pretty big hit. You're essentially placing yourself in a buyer's market. Thanks. After all the responses, I'm going to sell everything myself. |
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ericn
Temp
Balance Engineer
Posts: 14,978
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Post by ericn on Oct 2, 2017 9:16:30 GMT -6
If you're selling "in bulk" what you're going to get is the lower end of "used wholesale" range. Used wholesale is generally about 50% of what a dealerr will sell it for unless the item is especially rare, desirable, and valuable, in which case you might get somewhat more. However, if you selling a large lot all at once and need cash (instead of trade) you should expect to get significantly less - maybe 10% less if you're really lucky and have a relationship with the dealer, but more likely somewhere around 20% less than piece-by-piece wholesale, possibly less than that... Many, if not most dealers are not going give you much because they'd rather not tie up their liquid capital - they'd prefer to take it in on consignment, in which case you'll do somewhat better - they'll take a consignment fee ranging somewhere between 10% and 30% of the actual selling price after each piece sells - so the money kinda dribbles in and the dealer assumes no risk. Actual percentages will vary depending on geographical location, rarity/desirability of the item, condition, whether it's still in production, and the store itself and the type of market they serve. If the dealer sells it on a site like Ebay or Reverb those fees get taken off the top before other percentages get figured. You also have to understand that software is more or less worthless on the commercial used market and some digital hardware depreciates very, very rapidly, depending on manufacturer's update/obsolescence cycle, long term support policy, and, in some cases, what competing products hit the marketplace. And never overlook the effect of changing standards and compatibility. Offering a large bulk sale also sends the message that you're in hurry to sell and need fast money (or are interested more in expedience than in maximizing total cash), which of course drives the price down. Any way you look at it, if you want to do a big cash sale all at once you're going to take a pretty big hit. You're essentially placing yourself in a buyer's market. Thanks. After all the responses, I'm going to sell everything myself. I think it's the best move, you can then decide cash flow needs at the moment what you feel something is worth to you! |
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Post by adamjbrass on Oct 2, 2017 9:50:06 GMT -6
As a freelance gear pimp, I often have requests for specific gear from clients,
& I have a lot of clients, so if you have any pieces I can sell to them, I would want 10% of the sale price
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