Do you have boxes of old records that you no longer play? Maybe you've inherited some LPs or 45s from a relative or made a purchase at a garage sale and want to sell a few records and keep the rest for yourself. Or are your ambitions larger? Regardless of whether you have a dozen records to sell or hundreds, here are five places to sell vinyl.
When they have something to sell, many people think of eBay as "the marketplace" to unload their wares. Ebay's global presence makes its easy to connect buyers and sellers across the continents. The downside is that its buyers have become very educated and are likely bargain-hunting. Unless you have records of real rarity, you'll probably spend more on eBay fees than you'll make. Before posting any record auctions, do a little research and see what similar items are already being offered, at what price and whether there are active bids.
Nearly every city of size has its own Craigslist page, making it a logical place to attract local buyers. If you have a record collection that you'd rather sell whole than piecemeal, Craigslist is an excellent — and free — option.
Audiogon is one of the best places to sell records, particularly if they are in near-mint condition. This audiophile marketplace may be small, but its followers are passionate music enthusiasts. Audiogon allows sellers five free music classifieds per month, and its fees beyond that are reasonable.
If you've ever dreamed of running your own record store, why not set up an online music shop and sell direct? This isn't a strategy for everyone, but if you are tech-savvy, have some basic HTML skills and the patience to build an Internet shop, you could be on your way to a fun and profitable side business.
Wait a minute, I thought we were talking about "selling" records. Well, sometimes the best option is to donate your records to a nonprofit agency such as Goodwill or Salvation Army. This is a very sound strategy for old box sets such as the ubiquitous "Readers Digest" collections that were popular in the 1960s and '70s but have little demand today. Establish a fair value, donate, get a receipt and you'll have a nice tax deduction.