Used Guitar Sales Suck
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- เผยแพร่เมื่อ 21 ก.ย. 2024
- #guitar #cheapguitar #cheapguitars #inexpensiveguitar #inexpensiveguitars #electricguitar #amazonguitar #budgetguitar #guitarreview #guitarreviews
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I really don't know how people can make money out of buying/selling guitars. There's more supply than demand, so every time I sold one of my guitars it was always at a loss/below market price, or else no takers.
Same. I've made money on about (quite literally) 3 or 4 guitars in the past 2 or 3 years that I've been regularly buying and selling. You would have to buy the guitars at a super discounted price in order to flip them and make an actual profit. I think most of the actual guitar shops on Reverb are selling new gear. Even Sweetwater has started a used gear selling site similar to Reverb. So yeah, the used stuff is out there...tons of it.
It's extremely hard right now for sellers in many, many markets. It's especially hard if your trying to buy and sell to make a little cash. What has helped me is I started buying up every little cheap practice amp I can buy $40 or less. Then I pair the amp with a guitar and a cheap 10ft cord with 3 picks. That combo has made a world of difference in my sales. Are they great record breaking sales? No but its definitely keeping my small business flowing during this buyers market.
If you always buy used and buy it at the right price, you can get your money back out of it and put it towards trying something new. Making a profit? No, but if you’re smart it can be a self funded hobby.
Depending on the person who's buying them if they are before 2018 they have real rosewood fingerboards some people like those a lot better than all this new wood and materials that the guitars made of cheaper more inconsistent materials some people are purest and they will buy a lot of used that were before 2018 before the sites treaty
@@misterknightowlandcothat's my theory...
A lot of guys who want $200 to ship a guitar on Reverb agree.
Trying to pad their profit through shipping. Tell them you'll buy the guitar but will only pay what the actiual shipping cost is and make them show proof. If they won't do it, move on and buy from someone else.
I would rather keep a guitar....than give it away....
Same. I've got a couple of acoustic guitars in Reverb right now and one of them I think I'm just going to keep because I've lowered the price as low as I'm willing to go and it still hasn't sold yet.
People on Craigslist seem to thing their stuff is made of gold.
I notice that too. I also notice that about ten years ago you could search craigslist and there was about 4 or 5 pages of musical instruments, and now there's one in my area. I think Facebook Marketplace has pulled all those listings away from Craigslist.
This is why I buy cheap guitars and upgrade them. I don't care about resale value because I have no desire to sell any of my guitars. I have 6 Strats (Fender, Squier, Fojill and DIY), a Tele, 2 Mustangs, a Firefly 338, an Epi Les Paul Special, a Jazzmaster, an Ovation Applause AE-28 and a 1971 Ovation Balladeer that I'm currently restoring.
Great video and thanks for affirming my own personal opinion about buying and selling used guitars. Do it if you enjoy it, but don't expect to make any kind of reasonable profit. Ya always lose on the fees and deal killing free shipping costs. It beats gambling in a Casino for fun.
I sold a $500 guitar off ebay last month, shipping was $114 (and that was the cheapest!) I had a shipping box, but if you bought one plus bubble packing, add another $40. Minus ebay fees @15% .... and you have to factor the occasional unhappy customer that wants a return or partial refund, and ebay will side with them 90% of the time. You really need to find extremely good deals and then be prepared to hold onto a guitar for months while waiting for a buyer.
I agree. Very good advice. Shipping and fees are what really eat into profits.
The money is in the mid range guitars. $400-$800 range and it’s very important to trade up then cash out.
the stuff I want on reverb is almost the price of a new one. why in the world would I try to save a couple hundred bucks on a mystery guitar without a warranty
@@adamdavis40208 The used guitars I get on reverb are mostly discontinued models. Guitars from the 80’s and 90’s.
Here’s a concept… buy what you love playing and pay what you’re comfortable paying! Lastly… know the market for the used guitar you’re looking at.
Here is a concept, sometimes people have unexpected expenses and need to sell a guitar for quick cash. Here is another concept, people buy a beginer guitar to learn on. They dont spend alot because they don't know if they will continue or find it not for them, after awhile they either want to sell it to help buy a better guitar or they are not continuing playing..Hey need more concepts? just ask.
Thank you for reaffirming my stance of focusing on playing.
At some point I’ll upgrade, but I’m finding I actually really like my cheap guitars.
I'm not too interested in used gear, or what I may get back out of one of them. Buying cheaper or mid priced guitars is affordable for me and I can have several. With some upgrades I've managed some nice guitars. That being said the market is so over saturated with all kinds of guitars. My favorite right now is my new Ibanez Iceman 420. Worse comes to worse I'll donate them to some young folks needing an instrument.
The price of used guitars -- or anything else, for that matter -- is determined by demand for the specific brand or model. In other words, it's determined by popularity. So when you allow your purchase to be determined by resale value you are, for all practical purposes, allowing complete strangers (i.e. the market) to control your purchase. Why would you do that? It's stupid but there's a lot of it going around. The cheapest way to own a guitar (or anything else) is to buy it ONCE. And the way you do that is to buy what you truly want the first time and then use it until it's worn out.
That is if you simply want a guitar to play for simply practical purposes. But guitar players are also guitar collectors, some probably don't play all that much. And some of us like to buy and sell and check out new gear. In that case I just buy what appeals to me, whether I think I'll be able to turn around and sell it or not.
@@JayceAllanGuitar Fair enough. That's certainly a way of looking at it, and my advice definitely isn't consistent with the business model of a TH-cam gear channel. But I'm going to be guided in this matter by the late Meatloaf: "I know you're lookin' for a ruby in a mountain of rocks/But there ain't no Coupe de Ville/Hidin' at the bottom of a Cracker Jack box."
Thanks, sounds like at least you can cut your losses at least and make a few dollars occasionally. The shipping costs sound like a major expense. Thanks again for the informative video.
No problem, thanks for watching.
Of the cheaper guitars you have played which brand did you like best?
I think the Firefly out punches its weight class but my daily practice guitar sitting next to the couch is the Auriga brand I got off Amazon for $90!
I was typing out my response as you were covering all this🤣, the loss is probably better in many ways for cheaper guitars, loose $20-$50 bucks, or Name Brand loss $200-$300. By not buying that name brand and going affordable you can buy 5-6x the guitars and endure the same loss. However from a channel standpoint you are going to not have much variety. Thanks for the Shout Out😎🤙
No problem. Seems all the guitars on Amazon are the same old strat style. So you're right, to get something unique, you'll have to plop down some money.
@@JayceAllanGuitar I mean if you go through every make you could probably get a year or 2 worth of content. It also might pigeon hold us as a creator to a narrow niche
Well the fact this economy is terrible right now is a big factor too .No has any money to buy food / gas , nevermind a guitar .
Right. Which I think is why the cheap Amazon guitars are selling so well
I don't know what country you are in, but here in America the economy is doing the best it ever has. Lowest unemployent, most new business starts ever, highest real average income. BTW inflation has been zero% for the last 2 months in a row. Turn off FOX and come enjoy reality.
Hi Jayce, Used guitar sales, I think the reselling of cheap used guitars is pretty much like most other things that are cheap and are trying to get sold, somethings just don't hold the value so well, but there are certain models that always seem to do well for whatever reason the masses prefer those models. A designer's name attached to something always jacks up the price and holds the price too. Maybe you should do a version of Stevie Ray Vaughan's " The Sky Is Crying" and add a twist, " I Am Crying " Just look at my tears rolling down the street, I bought a cheapo guitar, but I just can't seem to sell it cheap, I am crying, as I bought a cheapo from some guy on the street, He said it was like Buddy Guys, but now it's just hanging down by my feet, I am crying, because the tax man gets the biggest cut, Come on guys help me out here, someone please buy my Chinese Strat. There you go, something to put a smile on your face. Regards
🤣
1 more post after finishing the video. It was great. I don't usually do Reverb so I take other people's word. I've heard "only Fender or Gibson really hold their value" so many times but you have receipts.
I'm glad because I don't care for Fender or Gibson after having owned one of each. Not meant as shot or for debate, just personal opinion. But I love one of Fender's other companies - Charvel.
It's weird that Charvel's MIM feels just as quality as many American Fenders but for half the price. It's all about quality standards demanded by each company, from what I've seen.
And a lot of the $ on Fender & especially Gibson, is for name only, *in my opinion*. I like several other brands "LP" version equally as well, for leas money and less erratic QC.
Well said.
Making money by buying and then selling that is an illusion. Guitars, them good ones are keepers.
You can buy a new one for the same price as a lot of the used ones.
Where? Tell me please! 😎
@@JayceAllanGuitar I just bought a Fender Player for only about $150 more than older ones on Reverb. For that much difference I will buy new every time
@@laker6943 Hahahaha, I read your original post wrong! Yes, right, if you can't find used for at least 1/2" price, why not just get new. I had it backwards! 🤪
I have owned and sold more than 200 basses in my life( im older than dirt).. i never buy new..i buy good well maintained ones and i know the art of the deal..you gotta know how to price.. bundle ..barter...i have obtained my sweetest bass in trades...im talking modulus signature series .. custom shop fenders..you gotta do your due diligence..and you gotta research your desired products.. and more than once i have made what i thought was a good deal just to see the same at a better price... its all relative. It helps to have an initial amount to work with whether it be cash or trades... be patient and you will be rewarded ❤
Oh yeah...one more important note....never buy a guitar sight unseen unless there is a solid in writing return policy.. if you can't return it..don't buy it..
And I have never been satisfied with reverb as a buyer or seller but das just me. Good luck
@@waynedean8 really? I buy and sell on Reverb all the time. I also buy lots of guitars sight unseen. I rarely have any issues. Got a few duds off Goodwill Auctions.
@@JayceAllanGuitar once again, I repeat myself ....I have not had a good experience with reverb but it was only my opinion and if you are satisfied with your experience I encourage you to continue to patronize reverb...personally their idea of excellent condition and mine are miles apart...plus they charge you through the nose in fees if you are dealing in multi thousand dollar guitars...maybe a lesser expensive item would be more price conscious than an expensive one...I have friends that do thousands in revenue and they too have had issues with quality definition. Excellent means like new in my world but like I said these are my opinions..I can't speak for others..good luck in your future investments
@@waynedean8 no, they pretty much hose you with fees. But my local market sucks so bad it’s about the only way I can move gear. Too bad you had such a bad experience.
@@JayceAllanGuitar if you are having trouble perhaps check out guitar pickers on line or bass pluckers both in Wilmington NC. Best bass store on the east coast. ( love ya beaver)...these guys are real particular about what they buy and sell....also ottos drum shop and bass pluckers also does a lot of good used p.a. gear as well
All 4 of these stores are in the same strip center...we don't need no stinking guitar center!!
Yea markets flooded with affinitys
@@hadleymanmusic Check out Goodwill Auctions. There are decades worth of Squiers for sale there. Hahaha. I think guitar manufacturers could stop making guitars tomorrow and we would never run out of used guitars to buy!
@@JayceAllanGuitarwell you're right there partially several years ago they came out with some limited edition color variations that only so many were made of in the telecasters
I’ve done well on Reverb. But the guitars I buy and sell are mostly American or Mexican Fender or Gibson. Harder these days though. I personally won’t buy any of the cheap Amazon guitars.
I only buy used gear. If you’re smart and buy on fb marketplace at the cheapest price you can get, you can have a self funded hobby. Only suckers buy new. Used prices right now are down. The boom is over. I’ve managed to break even buying and selling and have a self funded hobby over the last 20 years so. You’ll lose a few bucks on one item and make a few bucks on another and break even. How I do it is simple. Very few brands maintain any value. Fender and Gibson maintain value the best. I tend to stick just with those. Surprisingly American made peavey amps have a steady value you can rely on too. Stick with those and you’ll be good.
Lots of Peavy Amps on Goodwill. In fact I have one coming next week I’m gonna mess around with.
@@JayceAllanGuitar I’ve tried every version of the bandit peavey ever made and paid 125 for them and sold them all for 125. Peavey amps are more consistent than the damn dollar you pay for them 😂
Welcome to my world! Feel your pain Jayce. Interesting video buddy. Our little hobby is NOT sustainable.
Very true! Thanks for watching.
Flipping guitars is so stupid. Buying guitars and amps new doesn't make any sense as well. In some cases buying new effects pedals makes sense. Currently 75% + of my gear was purchased used and modified to my tastes over time.
Nothing wrong with buying a new guitar however, you’re a fool if you pay full price! If a new guitars MSRP isn’t immediately discounted, then absolutely it’s stupid to buy.
I pretty much only buy used or B stock. The only new stuff I buy are the cheapies from Amazon and that was just to review. My Epi SG was new but got a deal on it. Hate paying full price.
A more accurate way to tell how the used market is doing is Pawn Shops. If you live in an area with a decent population and a College you usually have a great selection. And for a good idea on Fender resale you might be surprised how little actual value they retain. They make so many models made here and in Mexico and people being so gullible they purchase new at full price. So when they go to sell they get a very small percentage on their purchase. Now some people are so lazy they won't even go Pawn hopping. They want to sit on their phone or computer and browse in air conditioned comfort and buy online.
I've only gone to pawn shops a few times. There aren't many left around here. I live in a relatively small town. I almost always buy used when it comes to really expensive gear. There is so much used gear for sale, and most of it in like new condition, it almost doesn't make sense to buy brand new. I think some people just want to be the first to buy a new release.
@CKS64, amen. Last new guitar I bought was an Epi LP Studio four years ago. My last few purchases though were used guitars at my local pawn shops. I've gotten some very nice Squiers and Epis for cheap- say half or less than equivalent new retail. If you can do your own setup and/or repair work it's a good way to go now. I buy 'affordable' guitars mostly, to have, play and enjoy. So resale value is not a big consideration. But I have sold a couple to friends and not really lost money.
@@JayceAllanGuitar Let me elaborate a small bit. I pick up MIM Fenders on average between 100 to 250. American Strats ln like new condition most with a case between 300 to 600 dollars. If people are honest they know Fender puts so many guitars out there that they devalue themselves and Gibson doing something. Do we really need signature models for every Tom-Dick-Harry musician. Anyway don't really like Fender but at these Prices anything possible.
@@JayceAllanGuitar Also if you ever looking for something special for yourself let me know and I will go out of my way to find you one at a good price. Great Channel/ Only one I watch now.
@@CKS64 Holy cow! Those are killer deals! Maybe I better start scoping out my local pawn shops!
Your math is completely wrong. If you buy a guitar for $90 and sell it for $75 with free shipping. You didn’t only lose 16%. You are not accounting for the cost of shipping or the transaction fees. It can cost $50-100 to ship a guitar these days. You probably lost 90% of your money on that deal. That’s what people mean when they say you won’t get the money back.
Yeah I mentioned that I also pay shipping throughout the video. In the GearIT guitar I paid just under $100 for it with tax and everything on Amazon, sold it for $75 on Reverb and after fees and shipping my payout was just over $50. So half what I paid for it, is still better than nothing. The Fender MIM Start cost me $688. Sold it for $500. After fees, shipping (around $40). I made just over $400. So my point with the video was you lose money no matter what brand guitar you buy. The myth is that you’ll never be able to sell cheap guitars and that more expensive name brand guitars hold their value. I think I showed that is not true.
I sell some stuff on Reverb and I always charge a flat rate for shipping now (based on what item it is). It’ll maybe sit a hair longer but at least when you sell you don’t have to bite into your costs
I might start doing that.
@@JayceAllanGuitar it’ll help a lot because with it costing $60-70 to ship guitars and $15-17 to shop pedals that adds up over time
Very interesting topic, what is Reverb's cut on the guitars and how many videos are you able to get out of a guitar? Because if you do a review of a guitar, you can get one video and one short and then if you modify the guitar you can get one video and one short. The interesting thing about resell value is that electronics have an even steeper decline in value such as keyboards and portable recording studios.
Reverb takes a little over 8%. They charge 5% of the sale, and a 3.19% + $0.49 payment processing fee. They cap the sales fee at $500, so if you sell really expensive items, you don't pay more than $500 (plus payment fee). Ebay is right around the same for musical instruments, they changed their fee structure for musical instruments a long time ago to compete with Reverb. I can get a couple videos out of a guitar. I usually do the "review" and then can go back and do a more complete audio test, or shoot it out against another guitar. I did do quite a few videos with the Squier Debut. I find that guitar pedals, audio interfaces, mixers, etc. don't hold their value very well.
I think you should plug your reverb site/name in the videos. I have followed you for a while now and as a follower I would buy a guitar knowing it was the one in a video. You are eventually going to have the 8-10k subs and you will ultimately have people seeking your channel from the algorithm. That will make it really difficult because the items may be free to you but shipping and time will not be.
I’m pretty sure my Reverb shop is in my profile. I can start adding the link to my videos. Thanks.
Good for the buyer whether they play or not
Local shop here is doing fine. To be honest, I prefer buying from the Japan market. Hope the economy picks back up. Market flood post covid is real as well.
Glad you’re doing good.
It is possible to make good money flipping gear but you'd really better know your stuff.
You have to know what you're looking at and what it's actually worth on the market. Then, the only trick is to buy below market value. It's pretty simple.
Pro tip: never ever pay for "upgrades". If anything, those supposed upgrades actually devalue the guitar regardless of how expensive they were as installed. Upgrades are garbage as far as resale goes.
Guitar Center used page is an absolute goldmine. I find stuff on there selling for a fraction of what it's actually worth.
Often it's something that's mislabeled or misidentified by the staff.
I've seen $1500 dollar guitars listed for $300. $400 pedals listed at $80 and so on and so forth.
The other place to potentially clean house is estate sales. That's where the real gems are as long as you have the intestinal fortitude to work over a grieving family.
But hey, that's what you gotta do to win at this game. Otherwise, have fun sucking hind tittie and losing money.
Thanks for the info. I'll have to look into GC used. I've bought a few things there but only for my personal use. Got a neat bass for the band I was in and some other gear.
Interesting topic; I subbed as well to help out. I buy and sell guitars because it's just basically a hobby for me. I'm just like everyone else, I get something and not too long after, the luster fades and then it's on to the next best thing. With a little care, your hobby will at least sustain itself, and you get to play with a lot of different gear. You just won't get rich or make a living doing it.
@@pdog5731 exactly
@@pdog5731 PS thanks for the sub
I completely agree with you.
I bought a mint condition fender American professional ii shipped for $1000. That's a pretty drastic drop.
That’s a fantastic deal
when people talk about how affordable guitars are better these days I think about the Chinese brands EART, Jet, Leo Jaymz, Firefly, Volgoa, etc. (rather than Squier/Epiphone) which are great for the money and better quality than the unreputable Chinese brands like Chibson, Chender, Chickenbacker, etc. and makers like Cathy Zhong venturing out I think speaks for it self. Thank you for the video 🍺🇨🇦
Thanks for watching.
I look at guitars on craigslist daily and it's always the same guitars. The market looks pretty bad to me.
ts because they are overpriced and the sellers are delusional thinking they will get it despite the fact they get no interest at the price.
Good points. Its hard to argue facts right lol. So deeper dive what will be worth money or appreciate as time unfolds. And will there be a pre and post covid gutar sales jump on the used market. ??? Fun topic i feel. Cheers. Ps epiphone sg is like a so underated guitar i have one amazing guitar. But i like em all
I did another video on this exact topic and basically you need to hold on to an instrument for about 10, 20, 30 years in order to sell it for more than you paid for it. Definitely depends on the brand and model. Sometimes you might get lucky like I did with the Tom DeLonge strat! Good hearing from you.
I'm actually trying to sell a bass guitar right now I typically don't sell any instruments that I buy but I've fallen on some hardtimes right now and figured it's one I could let go since I never really bonded with it so it's been just sitting in it's case only been played a few times I bought it brand new for 1100 only asking 650.00 and yeah so far nothing of course I only have it up on market place but have been considering putting it on Reverb but is it worth it for me to do so? Or should I just wait it out? Any suggestions would be greatly appreciated. Thank you
Reverb will take right around 8% of the total sale. In my experience you lose between 25% and 50% of the new price on gear, even in mint condition. I would at least do a search for the make and model of your bass on Reverb to see what they are going for. If you could get $800 for it, it might be worth it for you. In a case like this, I would be willing to walk away with $500 in my pocket, but I can handle taking a loss.
@JayceAllanGuitar thank you that's probably will end up doing then.
Experience with buyers and returns?
Very seldom. I sold a Firefly Double Cut, it was basically brand new and the buyer said it wasn't new, then claimed shipping damage. I always purchase the additional seller protection from Reverb, so they handled the issue. Nothing came out of my pocket. Buyers are usually pretty cool. You just have to make sure you take really good photos and describe any issues or flaws in the item.
the shipping cost really takes the joy outta this stuff. say, your voice is a little low in the mic here at times, fyi.
Thanks, yes I noticed that, I try to normalize the volume while editing, but sometimes miss stuff. Shipping charges are definitely outrageous.
This is the first time I've seen you and I didn't watch the entire video, just the beginning. Because I have stuff I gotta do. But I wanted to leave a like and comment because I support people trying to do stuff like you. I did want to leave a piece of advice, that I hope you will try, that might help you. At least from what I gathered from what I watched. You should start emailing, writing, and contacting companies, any and every company, and tell them what you are doing, and ask them to send you gear to demo, and then you can send it back. In some cases, you might do a contest to give the hear away, because it's all about advertising. These companies see TH-camrs as advertisers and that is how you have to frame your requests. Things like give aways, draw more audience. Now, most, if not all, at first will probably turn you down. Don't let it dishearten you and keep trying. Don't take no for an answer. Maybe demo something in a video from a company and in your request, send them a link for that demo video. Also don't be afraid to advertise yourself all over the web with links to your vids. Backlinking is a proven technique that works, but thats a suggestion for another time. Hahaha anyway, if they turn you down, keep requesting from other companies. Big and small. New and old. And just because one tells you no, doesn't mean stop. Contact them again later. The more you aggravate them, the chances go up they will work with you. And the more your numbers go up, crowd, likes, engagements, the more likely and the more often they will work with you. And the more they work with you, the more likely your numbers will keep going up. If you have old videos with good numbers, send that link to the company of what ever the video was about. And diversify. Do all kinds of gear. Variety is the spice of life. And just keep making content about what ever you can. The more you make, the more people will see it. The more people see it, the higher you rise in the youtube algorithm. This is where backlinking will help you. Not just with TH-cam, but all search engines. And the more likely companies will work with you, which means the more likely your numbers keep raising and when the circle of life music from the jungle king. See what I am getting at. And how much work is it to write a letter or email and don't even be afraid to call. These companies spend most of their money on advertising. And every video you make, unlike a commercial, will be there until it's taken down, show up in searches, and keeo workibg for them all for the price of shipping. Which is part of the sales pitch you should mention when requesting. Make them see the light and want it. And later, they will start offering to pay you and get sponsorships. You should make a goal to write an email or something to at least 5 to 10 different companies, every day. Dedicate at least half an hour to it, every day. It will pay off my man. And what ever haooens, don't give up. I hope you try my advice, it will work. Quantity helps alot, but if you can avoid it, never sacrifice quality. Good luck .
Don't have enough time to listen to his whole video, but have enough time to write a book
@@dcarlisle123 oh well, screw you to. Half hour video. Two minute comment showing support. What an asshole I am. Prick.
@@dcarlisle123 oh well, screw you to. Half hour video and I took two minutes of my time, to show support and give advice about something I actually know about. What an asshole I am, oh no, wait....that's you. Excuse the hell out of me for having a life. Hahaha
@@dcarlisle123 let me ask you a question. Would this comment be more to your liking. I watched five minutes of your video before I got tired of the pathetic attempt to ask people to help you and beg for help. (I mean, I could throw in a lot more just to show a point) And the boring atmosphere of the overall aesthetic. Before I decided to leave because I got shit to do, you know, life and all, and leave an asshole comment propping up my little ego, because it's the only way I can find self confidence and feel superior. By going around being a dick and leaving negative comments about people who are trying to make it and achieve a goal of dream. Because I don't really believe any of that crap I just said. It was all negative, just like what you did. And only insecure people who feel bad about themselves act that way. Be a man and go out and talk to someone like that to their face. Grow a pair instead of doing it online where you know you don't have to look at the person face to face. I make it rule in my life, because I don't have to do that to feel good about myself, having confidence in myself and all, to not act like a jack ass on the Internet. Going around saying negative things to people I don't know. Which I'll forget about five seconds later, just like you did, until you get a notification about my reply anyway. But you can bet when the people you talk down, don't forget about it five seconds later. But then, that is your goal, isn't it? That's why people like you are called trolls. It's one of the reasons suicide rates have gone way up. 12 of my friends have committed suicide. Not all because of people like you, but it sure did play a huge roll in it. So I make an extra special effort not be like people like you, because I don't need to, and I think about my actions before I do them. You know, like a mature adult, and not a grown man with the mind of ten year old. Now, your gonna play it off and act like everything I just said isn't true. That you don't go around saying negative things to people you don't know, just to feel good about yourself, but deep down, you know it's true. And if this guy is happy with his 68 likes and doesn't want to increase that, fine. I guess I'm just a prick for wanting to see him succeed and offering advice I know for a fact works. Becuase 1. I know how things like the Internet works, and people like you, don't, not saying this guy doesn't, but you definitely don't, which is why you wouldn't make it trying, and 2. I know people who do it. And it took me less than two minutes to write this book. Because you know, I can type. A skill thats not really that hard to learn. But learning is hard, isn't it...awwww. I don't like to go around talking down to other people. But I have zero problem doing it to those who ask for it. I'm 100 percent positive this guy wants more than 68 likes. I gave him solid advice on how to beat the search engines and TH-cam algorithm. Do you even know what that is? If you do videos like this, you better learn, or you're always gonna be a bottom feeder. And he plainly laid out he had problems getting items to make videos about. I gave him solid advice of one way he can do that, besides asking people in a round about way to send him things. Have a good one now. Enjoy my book.
@@randallclemons8638 I appreciate the advice. Not sure I’m all that interested in being sponsored. Seems like a huge obligation. I’m guessing I would feel like I couldn’t be completely honest with my reviews. Plus, like you, my time is limited. So for now I’ll just do what I can.
Good video. Interesting topic.
Just one small piece of feedback. Can you blur out people's addresses and phone numbers in the shipping info?
You don't want people getting Doxxed.
Oh shit, I didn't even think of that, good advice, thanks. I think I can do it to this video in TH-cam studio.
@JayceAllanGuitar Yeah, I think so. Hopefully it doesn't require a reedit.
Seems to be working in Studio. It's rendering right now. Thanks for the heads up.
@JayceAllanGuitar No worries. Happy to help.
Cool topic.
I found the shipping cost and the hit from Reverb taking their slice to be pretty invasive.
I really lost out. On a guitar selling for $200-$400, is there enough money to make a profit given the above penalties? I’d love to hear how you work that out if you're able to. I could use the advice.
I’m betting the cheap guitars sell without a problem, but I was wondering if the profit margin is a loss?
Sometimes I feel like with a top-dollar guitar, there’s just more money to play with. I know with me man..
If Im gonna buy a cheap guitar... Im not really gonna care If I buy it for under $200 enough to search for a deal on an already outrageously cheap guitar.
So yes the cheap guitars will sell but do you make a profit doing so I guess is the question. My local UPS wanted to charge me $100 to ship the guitar. Reverb wanting 14 percent as well.. That eats the profit pretty handily when the entire value of the guitar is say $190?
MIM Players are great guitars, but they come with no setup. That's how they make them cheaper while touting the specs they mention.
Take 10 guys earning $20 an hour, for example. If they're spending 10 minutes setting up the guitar versus the 2 hours it really takes, that’s a huge cost-saving in production.
A MIM guitar is basically the same parts with the word "MIM" instead of "USA" painted on the neck, minus the setup. For someone who can do a setup, MIM is a great way to save a grand. "Cheap" means under $1,000. In the Fender world, they’re really trying to steer you toward $2,000 before they're willing to do the setup at the factory.
By the way, I like the MIM because I can do a setup, and I feel I end up with a guitar that’ll compete all day long with the "American" versions. (Quotes because creating the parts in Mexico, shipping them 60 miles north, and having them set up in America-for me, that’s not an "American" guitar, but that’s how the industry seems to play that tune these days.)
Also.. Lets not miss the fact that fender is charging basically $1,000 for a setup and a an "American" decal sticker. A wee bit excessive considering a setup at a repair shop is sub $200
Reverb takes a little over 8% between seller fee and payment processing fee. Shipping a bass guitar in a gig bag to Texas cost me around $60 a couple days ago. That guitar retailed for about $295. I think I paid $250 for it. My total "profit" was $198.53. So my loss was around $50. Which isn't too bad for me. Some people might not want to take that big of a hit. Some guitars will go for more some for less, usually the newer the guitar is, the less return you'll get on it. Older guitars that are harder to find will fetch more. Also, if you're willing to be really patient, you can list a piece of gear for what you want to get for it, and you may eventually get it. Especially if it is in mint condition and you create great product photos and a killer description. I'm not usually willing to wait more than a few weeks, I want to turn things over quick to make more room for new gear that I can review. But in my experience, across the board, regardless of make or model, expect to lose about 25% to 50% on a guitar. So that would make your $200 guitar worth about $150 to $100.
@@petersouthwell5971 I agree. I've owned both Made in USA and MIM Fenders (and even a couple MIJ) and they're all the same. And now with CNC manufacturing, there really is no difference in build quality. I've heard people buying Custom Shop Fenders and still had to do a setup. Fender charges almost 2 grand for a USA Strat because they can. Why do you think they have so many signature models and anniversary editions and things like that? Because they know people will pay more for them. Same with Gibson, the Epiphones are basically the exact same guitar, maybe a tad bit cheaper electronics. But people will argue all day long that there is a significant difference between a MIA and MIM Strat.
@@JayceAllanGuitar great points
Used guitars are worth what someone will pay you
for it.
Everything is worth what someone will pay you for it.
I think it's funny. I'm laughing at the young folks and this insane guitar boom. All started by that stupid Rock Band the game. Literally every single kid is a guitar player now? I don't think you realize just how many garbage guitars there are out there. Cheap crap guitars that are quite nice with shit hardware. Guitars in the $100-$300 range. The problem is market saturation. The problem you have are these makers putting out a competitive product for $200 on Amazon. Millions of those new guitars are selling all over the world while the used market stagnates. We're so saturated it's basically a buyers market. The sellers are selling themselves out of business. The problem is most of the people buying guitars aren't musicians. They're hobbyist dreamers that will end up putting the guitar in the closet or trying to sell it on the used market. I've given away 2 guitars in the last year to friends kids. It's almost not worth the trouble to sell a $500 guitar used. Listing is easy. Then you have to deal with a hoard of people trying to rip you off. You have to relist the item 2-3 or more times to sell it. For cheap guitars with little margin it's not worth my time. I have a ton of nice stuff I'm keeping that I know would sell quickly because it's not garbage. The whole music gear industry is bottoming out. How much more new gear do we need when we have so much used shit out there? We need innovation and new products and ideas to replace the old but the old sticks around and clutters the place up. I have 3 old guitars made of parts and a pile of necks that I plan on burning in my yard. Used guitars are over. Used gear is great but the amount of garbage out there is insane. They're all going to end up in the landfill because nobody will ever buy them or play them.
I flip gear as a side hustle and it’s definitely slowed down. If Trump is elected it will ramp up again.
Didn't know Trump played guitar.
Democrat @@JayceAllanGuitar
The economy affects everything, and it certainly is in the toilet right now...!
@@jeffreycoles7487 I thought Trump was a Republican.