Forgot your password?

How to Make Money Flipping Guitars on eBay

By Edited May 30, 2016 0 0

How would you like to sell guitars on eBay and make a nice profit in the process?

I uncovered this process almost two years ago by accident. I happened to buy a Squier (by Fender) Stratocaster guitar and decided not to keep it. I figured I would relist it on eBay and I didn’t want to have to deal with a large package. I decided to part it out. For a guitar I paid $65 shipped to my door, I sold for a total of approximately $100.

You might be saying so what? It’s not that much!

Think of it this way: Someone paid me $45 to buy something I wanted, test it out, decide not to keep it, and resell it. It’s a very easy process that you can repeat. It can be done this several times with a wide variety of guitars (Epiphone, Squier, Fender, Yamaha, etc.).

Here’s how to do it:

Step 1 – Scout guitars. To do this well you need to know your guitars or at least their resale value. Before you throw money around, take some time to educate yourself on this. A good way to do this is to search eBay for guitar parts and only look at completed auctions. This will show you what prices the parts are fetching.

The best guitars to flip are the most popular. For the best results, stick to the bigger brand names (Fender and Gibson). The bigger brand names have the biggest following (think resale audience). The more people you have to sell to, the greater demand you will have. Think supply and demand in economics.

Start small with their offshoot brands (Squier and Epiphone). You can usually purchase an offshoot Strat or Les Paul guitar for about $60 (look for the beat up ones because it doesn’t matter to your market, I’ll explain). Don’t pay more than $80 shipped to protect your profit margin.

Step 2 – Buy the guitar. Like I said, don’t spend more than $80 shipped. You can get great deals on beat up guitars on eBay. Your target market is young musicians who want to customize their guitars. They are more willing to spend more on parts they want then have to deal with a whole guitar! Most of these players will get a nice guitar body and neck and then buy custom electronics. Most of these musicians are passionate about DIY (do it yourself) and want to custom paint their guitars.

Step 3 – Part out and sell. You want to part them out in three items for your auctions: body, neck, and pickups. This is the simplest and most effective way to do this. The neck and pickups always sell first. Bodies can be tricky to sell with the higher shipping costs due to weight. I’ve found it’s easier to make your profit on the first two and then let the body go for about what you paid (hey, you’re still making money).

In conclusion, if you are passionate about guitars, I highly recommend looking into this. It is a great way to make some money while having fun with your favorite hobby. Who knows? You might get a great deal on a guitar and decide to keep and turn it into your dream custom axe!

The most important thing to remember is that is a hobby and make sure you have fun with it. The more fun you have the it will feel like work.



Add a new comment - No HTML
You must be logged in and verified to post a comment. Please log in or sign up to comment.

Explore InfoBarrel

Auto Business & Money Entertainment Environment Health History Home & Garden InfoBarrel University Lifestyle Sports Technology Travel & Places
© Copyright 2008 - 2016 by Hinzie Media Inc. Terms of Service Privacy Policy XML Sitemap

Follow IB Business & Money