Monday, October 18, 2010

Want To Bring In Some Dough? Market Your Old LP Records

If you have a collection of old LP records, you could sell them to vinyl record collectors and make money for yourself. But then again, don't envisage that all of them are worth that much, but some are. How can you become an LP record dealer? Effortless. But first, you need to do a couple of things to become one.

1. Search every corner of your home where LP records could be veiled. Gather together the records for more household room and extra cash. LP records, 78s, and 45s could be valuable. The more albums you can gather together, the better.

2. Don't forget the law of supply and demand. The rarer the album, the more valued it is. Don't envisage usual records to be the same; many have copies of them. Deliberate the performer, the label on which it was recorded, or an oddity relating to the record; whether it's out-of-print or bootleg.

3. Examine the condition of the record. An album could be "mint" or "near mint" or it could be a lower grade. Does your album belong to the higher grade or the lower grade? Uncover it.

4. Don't take the content of the recording for granted. There are different kinds of musical recordings that will determine the value of the albums. Do you have jazz albums, original Broadway cast and movie soundtracks, early rhythm and blues records and the doowop sound albums? You can command a higher value for these records. If you have classical vinyl records, you could claim a higher rate for orchestral performances, solo instrumental, chamber music and concertos, solo vocal and operatic arias, and complete operas. The sort of musical recordings is not the only feature that will set the rate for your records. Collectors will also consider whether it's a mono or stereo record.

5. Find the appropriate buyer. Seek individuals who appreciate LP records more than anything. They are collectors, mail order dealers, used record stores, audiophiles, and individual music lovers. For very unique record albums, expert dealers would know where to resell them for greater yield. Collectors are always on the trail of a very unique album to add to their collection; your piece could be next.

6. Do your preparation. This will direct you how to establish the worth of your LP records, particularly if they're very rare.

7. Structure your record albums. Take time to organize your albums in accordance with performer, title, record catalog number and condition. A record would make it easier for you and the buyers to do business.

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