Do you want to become a guitar reseller or open a guitar store?
I can tell you from experience that selling guitars is a fun and rewarding business. I like meeting with musicians, helping to distribute music, and, frankly, I just like being close to guitars. Here are a few things to keep in mind if you learn to sell guitars:
Business Licensing / Taxes
The first thing to keep in mind when selling something in large quantities is business licensing and taxes. First, make sure you write down everything you sold. When it comes time to pay taxes, you need to know the exact nature of the business you have committed. One of the biggest problems with a resale start-up business is the IRS audit. In the case of an audit, the more information you can provide, the better. As you begin to make a modest profit from resale, do not forget to set the money as taxes. In many states, the buyer is obliged to pay sales tax for each transaction, and it is the seller’s responsibility to set the money at the time of the transaction.
You will also need to get a license for the business. They are easy to purchase in most states for a small fee. In many states, a license for a reseller will be shipped with the permission of a reseller, with whom you can purchase in bulk without paying sales tax. If you start selling a lot of guitars, for example, more than 5 per month, then you should seriously consider getting a business license. Along with making your business more responsible, it often earns you special rights and tax breaks that will help your business grow.
Find your niche
There are many ways to sell guitars. Websites like Craigslist and eBay are great places to sell guitars, but they often have a lot of competition. Depending on where you are, Craigslist can be a great way to spread a word locally. There are many people who know how to repair, modify or part with the guitars (disassemble them and sell them separately). Your “niche” will depend in part on your location, but mostly it will depend on your passion. If you enjoy talking to people in a private setting, Craigslist may be your best bet. If you like to mess with guitars and part, you can consider selling parts on eBay or in a local music store. If you like the idea of opening a store window or enlarging it, you may already have quality guitars, you may be trying to become a guitar seller. If you do not know which method will work best for you, it will never hurt to try. You will never know if you are trying!
Opening Guitar Shop
Opening a guitar shop can be a huge problem, but it can also be very useful. With recent interest in the internet and online shopping, many guitar shops are going out of business. The guitar center and a friend of the musician, two of the best guitar stores in the country, have grown so much that it is often almost impossible for them to compete with them directly. This does not mean that it is impossible. When opening a guitar shop, make sure that you offer a completely unique service. Regardless of whether your store has an ideal location, choice, staff or prices, it is necessary that your store is perfect. anything We live in troubled economic times, but this does not mean that stores are closing for no reason. It simply means that as times change and technologies evolve, so does the public demand services. You need to look at their business and be able to clearly see the areas in which they succeed. Find out what makes your guitar shop (or can do) great, and keep it. Post your specialty, let everyone know what you are doing and why you are better for them.
Be creative
As I said, there are many ways to sell guitars. One of the best things you can do when building your guitar business is thinking outside the box and be creative. With enough creativity, you can create a completely new way of doing business, and then create a completely new market. Regardless of the state of the economy, consumers will always pay for something great, something they believe in. Your customers are people, and they are delighted with new things. People like to have fun, and they like to see how things are improving and becoming part of the future. It is important to understand that your ideal business guitar model may be something that has never been done before, but also something that requires huge demand. Write a list of all the ways you could sell guitars, then keep writing, keep writing. The idea is not too crazy. Creative companies are the path of the future, and there is nothing that will prevent you from creating the best guitar business in the world.
Shop for sale / sale of guitars in retail
You can have a pretty good idea of what your guitar business will look like and how you will start it. Now you need a product, and you need it at the right price. How do large guitar companies do this? Sometimes they invested millions of dollars in their relationships with major manufacturers, ensuring that they get the best exclusive deal for all products. In most cases, they simply have a smart business model. It is easy to get tons of music equipment for sale, you just need to follow strict rules and pay a dollar. Many stores sell brand new branded equipment and earn 0% profit. New equipment is just a way to get people to get in the door, and all the profits from the sale of used equipment. This is just an example, but you should keep in mind that some products are designed to attract customers, while others are for the profit you are looking for.
Work with manufacturers
If you are planning to sell refurbished guitars, sometimes it is a great idea to supplement your inventory with new guitars directly from the manufacturers. Sometimes these guitars can be very difficult to acquire, and even harder to make a profit, but they can definitely help you get some pedestrian traffic (or Internet traffic). Most manufacturers are more than willing to let you sell your products, assuming that you follow their strict rules. For example, most of them will require you to have a shop window (which cannot be too close to another authorized dealer), sell a certain number of guitars a month, buy a large amount of your products in front (often you can’t choose which guitars to buy) and charge no less than they define. For small businesses, this can be rude. But if you know what you are entering, working with manufacturers can be a great way to grow your business. If someone buys a new guitar from you, they will most likely return to another. If someone walks through your door to buy a new guitar, they can be opened to get a refurbished one. The more business, the better, if you can meet all the requirements.
