This week’s post is a flip that I’ve only done once so far. I don’t know a ton about flipping musical instruments, which is why I’ve stayed away from them in the past. Without the proper knowledge, it can be a risk to try to sell an item that you are not able to accurately represent in a listing. If you’re ever in doubt about how to represent a new item or type of item in an online listing, I would advise you to do some research about it and/or consult someone you know who is knowledgeable about the item.
When I sold this Saxophone, I knew nothing about saxophones. I could tell there were one or two small pieces missing and it looked a little beat up and “well-loved.” So, I pretty much made an “as-is” disclosure saying exactly that – I didn’t know what I had and I was making no warranties or guarantees. I took lots of pictures and uploaded them all to my listing so the buyer could make an informed decision based on the photos.
I figured someone who had knowledge on the subject could figure out what I had from the pictures or they would know what questions to ask me to figure it out.
Because of the nature of this listing, I listed it “Buy-it-now.” When you have to explain defects or missing parts and/or express you have no idea what you have and you’re selling it “as-is,” it’s best most of the time to sell it buy-it-now. All of those disclaimers will scare away a ton of bidders, and you don’t want to end up selling something like that for $20 or $30 bucks when it’s worth a lot more than that.
This Alto Saxophone was purchased at a yard sale for $40. My results are listed below.
Here’s the Alto Saxophone I bought for $40:
And here were my results:
I hope to be able to learn more about musical instruments and their value in the future. I have passed on countless opportunities to purchase them based on my lack of confidence and knowledge about them. However, even if you don’t know anything, you can still make a profit by providing a full disclosure/disclaimer and providing tons of pictures. As long as you buy it for the right price, you’ll make out just fine!
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