After a few years as a guitar owner, it is almost normal to get to the point where you would want to sell your instrument. This article will teach you how to sell a guitar to get the best value.
To get the best out of selling your guitar, there are a few steps that you need to take. These steps might vary slightly for different sellers, however, the main and common goal of getting the best price for the guitar will be achieved.
Step 1 – Why Are You Selling?
This is the first and most important question you need to ask when selling your guitar. One of the most common reasons for wanting to sell a guitar is as a result of newer models that the guitar owner might be interested in.
For some others, they just need a change of guitars after using one for a long time, or the guitar has suffered some form of damage or the other.
While others have more than one guitar and want to sell one just for the money.
Now, selling your guitar for a good price is dependent on these factors, whether you are trying to raise some money for another guitar, or you are just selling to make a quick buck. Why you are selling will determine how the next steps affect you.
Step 2 – Pick Where To Sell
Now that you are sure of the conditions surrounding your sale, the next step is to pick where to sell. The first advice for you if you are selling a perfectly functioning guitar, try as much as possible not to sell to a guitar center or store, why?
As a guitar owner, you already plan to sell your gear for reasonably more than it is worth. For most guitar stores, they might not want to pay as much as you’d expect for your gear. This is because your gear doesn’t really make them gain much.
For guitar owners who are looking to get better gear, the popular opinion might be to do an exchange with one of these guitar stores. However, it is usually unlikely that you get exactly what you want.
For us, a good option would be to sell your guitar at a price that meets your expectations, then get the desired gear from the stores, if you wish.
To get the best out of selling your guitar, the best option would be to sell to interested persons in your environment or online.
Once you have picked the selling option that works best for you, we can now move on to the final step to successfully sell your guitar.
For more information about where to sell your guitar, check out our article on the topic here.
Step 3 – Select A Price Range
If you take notice of this header, you would notice that we have used “Price Range” and not “Price”. Why? When trying to sell a guitar and almost anything, it is important that you always create room for negotiation.
Now, when picking a price range, you have to first consider the condition of the guitar you are selling. This will determine how much the buyer would be willing to pay for the item.
It is important to note that this price range is for you alone and should be in your head. So, when selecting the price range, we suggest that the lower limit be the amount you expect to earn from the sale.
The higher-end of the price limit should be your first price to the buyer (making it clear that this price is negotiable). What this has done is to create enough room for negotiation in such a way that even after negotiation, you will still be satisfied with the selling price.
However, ensure that the price range you decide to go with is a reasonable price range that matches the value and condition of the instrument you are selling. This will determine how interested buyers would be.
By following these few steps, you would be able to successfully sell your guitar. Now, before we conclude this article, we’ll drop a few tips to help you get more out of your sale.
Tips To Help You Out
Tip 1 – Don’t Be In A Hurry To Sell
If you do not need the money from the sale urgently, we strongly advise that you don’t be in a hurry to sell off your guitar. This is because you need to take your time and get the best buyer.
If you are sure that your item is worth it, be patient enough to get a buyer that would pay a price that is close enough to your intended sale price or even more.
Tip 2 – Highlight Your Guitar’s Brand Strength
If your guitar is made from a very popular brand, the best way to sell this is to slightly emphasize the brand’s strength and how it affects the purchase.
This would go a long way in getting your buyers more interested.
Tip 4 – Try Adding A Few Extras
When you want to sell a guitar, one way to really increase the interest of your buyer is to add in a few extras. A few extras like a guitar case, or extra strings, or a guitar signed by some sort of celebrity. These things are likely to give your guitar a better chance of selling your guitar faster and at a higher price.
Tip 5 – Scout The Competition
Before placing a price tag on your guitar, check out how others are selling.
This works best when you are selling with an online store. Search out other sellers having similar guitar as yours. Check their prices and the eye-catching features they have added to their sale. This would help you create a better buying option for your buyers.
As we mentioned at the beginning of this article, these steps and tips might vary slightly in how they apply to different sellers and buyers.
So, however you decide to sell, the important thing is that you are able to brand your guitar in such a way that buyers who see your sale offer would be attracted at first sight (no strings attached).
Here, we leave you with a video with a few more tips that could help you sell better.