How to sell audio equipment quickly?

[InCreD1Ble]

Hello everyone,

I am in a situation where I have to sell my beloved audio equipment within a quite short period of time (1 month). I am currently trying to sell some equipment on these forums but as I have 0 trader feedback I think most people are trying to avoid me. The other reason could be is because I live in the UK so I only ship to the UK and Europe, as shipping worldwide would apply UK's taxes on the exports. I also have a listing on Ebay with a reasonable price but so far no hits (289, 100% positive feedback account).

How can I sell audio gear quickly (considering that I live in the UK)?
How can I increase my odds of selling something as expensive as Audeze LCD-2 on these forums with no feedback?

Any input would be greatly appreciated.

EDIT: I am quite new to selling audio gear and I am not good at estimating prices accurately. How do you guys estimate a price on something that's fully functional but has minimal cosmetic wear?

 

[Muinarc]

In my experience, the faster your want to sell something, the lower you need to price it. I just sold a number of things, not all audio related, and the stuff that I priced at bargain levels sold the fastest and the stuff I had to hit a specific number to let go of (or else I would keep it) took the longest. It doesn't matter if you're in the UK and sell to the US if you reduce your price so low it eliminates shipping and VAT costs or whatever.

For setting prices, I search for what the item has seemed to sell for or at least be listed for recently. You should be able to find LCD-2's for sale between this sites classified section and eBay, look at what the cheapest pair sold or is selling for. Some will be absurdly low but that's how it is. "My loss is your gain" and all that, sometimes stuff happens and we need to take major losses on purchases to make ends meet.

 

[InCreD1Ble]

In my experience, the faster your want to sell something, the lower you need to price it. I just sold a number of things, not all audio related, and the stuff that I priced at bargain levels sold the fastest and the stuff I had to hit a specific number to let go of (or else I would keep it) took the longest. It doesn't matter if you're in the UK and sell to the US if you reduce your price so low it eliminates shipping and VAT costs or whatever.

For setting prices, I search for what the item has seemed to sell for or at least be listed for recently. You should be able to find LCD-2's for sale between this sites classified section and eBay, look at what the cheapest pair sold or is selling for. Some will be absurdly low but that's how it is. "My loss is your gain" and all that, sometimes stuff happens and we need to take major losses on purchases to make ends meet.

Thank you for your insightful reply. It's really hard to let go one of your favourite "toys", especially for such low prices, but it seems like that's what I am gonna have to do.

Do you know if it's worth trying to sell something as expensive as LCD-2 with 0 trader feedback on these forums?

 

[Muinarc]

I don't think it would be too hard, do you have and eBay account with feedback? You can list your eBay name in your classified and anyone can go look it up if they want to. You've had an account here for a number of years and more than 100 posts so that helps too.

 

[InCreD1Ble]

I don't think it would be too hard, do you have and eBay account with feedback? You can list your eBay name in your classified and anyone can go look it up if they want to. You've had an account here for a number of years and more than 100 posts so that helps too.

Thank you very much, I will try the aforementioned things!

 

[WraithApe]

Do you know if it's worth trying to sell something as expensive as LCD-2 with 0 trader feedback on these forums?

I sold a pair of headphones worth more than LCD-2 on here with 0 Trader Feedback previously. I normally sell on eBay, but in this case, all I got was time wasters, trying to lowball me and point out minuscule faults with the item in a bid to drive the price down. Best offer was on here.

 

[InCreD1Ble]

I sold a pair of headphones worth more than LCD-2 on here with 0 Trader Feedback previously. I normally sell on eBay, but in this case, all I got was time wasters, trying to lowball me and point out minuscule faults with the item in a bid to drive the price down. Best offer was on here.

Damn, that's a feat. I don't know how you managed to do that. I am aware of people on Ebay lowballing and abusing the buyer's protection policy, however time is my priority right now so I have to resort to lower prices. Any advice on how to sell here?

 

[WraithApe]

Damn, that's a feat. I don't know how you managed to do that. I am aware of people on Ebay lowballing and abusing the buyer's protection policy, however time is my priority right now so I have to resort to lower prices. Any advice on how to sell here?

Plenty of decent quality pictures, and a good description. If you have an eBay account and good rep, it wouldn't hurt to link to your feedback page on there, so people can see you're a reliable seller elsewhere. As has been said already, being prepared to accept slightly less than the going rate should see a quick turnaround, if time is your priority.

 

[InCreD1Ble]

Plenty of decent quality pictures, and a good description. If you have an eBay account and good rep, it wouldn't hurt to link to your feedback page on there, so people can see you're a reliable seller elsewhere. As has been said already, being prepared to accept slightly less than the going rate should see a quick turnaround, if time is your priority.

Thank you, I am definitely gonna try that!

 

[Music Alchemist]

I've sold and traded a lot of stuff here...but I'm not sure what would be the best advice for what to do with no feedback in your situation.

I'm such a clueless American that I didn't even know export taxes existed until I saw your post! (I knew about import taxes, of course.) That's outrageous and makes no sense to me. I'm used to not having to pay any taxes when sending and receiving international packages.

If I were you, though, I would just stick with shipping to areas that you don't have to pay extra for. There are tons of people in your area of the world who are active on the classifieds. One month should be more than enough time to work with. I've sold plenty of things on here literally within hours. I would feel pretty bad for you if I found out you had to dramatically lower your asking price just to ship it internationally, and on top of that had to pay the taxes.

In any case, market research is crucial for pricing used items. Check out these sites to see the used market history of items you want to sell. (Just enter the name of the headphone, select the options you want, and scroll through the results.)

https://devbrada.com/classifieds
https://www.hifishark.com

Then again...I just took a look at your ad and it seems fine to me. (I sold the same item before.) But the fact that you made two threads could result in some confusion.

 

[WraithApe]

I'm such a clueless American that I didn't even know export taxes existed until I saw your post! (I knew about import taxes, of course.) That's outrageous and makes no sense to me. I'm used to not having to pay any taxes when sending and receiving international packages.

You don't. I also live in the UK and I'm not sure what OP is referring to there. I've sent plenty of packages outside of the UK without incurring any special 'export tax' - it just costs a lot in shipping, especially these days, with the weaker sterling. Import tax, in the form of VAT, certainly exists, on most items entering the UK from outside the EU; I've had to stump up a number of times for that.

 

[mysticstryk]

Look at what your items are being sold at from others (focus on the lowest average) and price yours just under that. Whenever I sell something, I try and make it the cheapest currently on the market and tied with the cheapest it has ever been sold used for.

Most people won't care you have no feedback as long as your easy to work with and are prepared to eat PayPal fees until you get a good reputation as a seller.

 

[InCreD1Ble]

You don't. I also live in the UK and I'm not sure what OP is referring to there. I've sent plenty of packages outside of the UK without incurring any special 'export tax' - it just costs a lot in shipping, especially these days, with the weaker sterling. Import tax, in the form of VAT, certainly exists, on most items entering the UK from outside the EU; I've had to stump up a number of times for that.

What I meant by that is that whatever you buy in the UK has already a 20% tax applied, so essentially if you are selling it anywhere outside the EU, you have to adhere with other countries prices to attract customers. For example, if I was to export anything to the US, I would have to lower my price by 20% from the full price I paid for a brand new item, just to match their MSRP.

 

[InCreD1Ble]

I've sold and traded a lot of stuff here...but I'm not sure what would be the best advice for what to do with no feedback in your situation.

I'm such a clueless American that I didn't even know export taxes existed until I saw your post! (I knew about import taxes, of course.) That's outrageous and makes no sense to me. I'm used to not having to pay any taxes when sending and receiving international packages.

If I were you, though, I would just stick with shipping to areas that you don't have to pay extra for. There are tons of people in your area of the world who are active on the classifieds. One month should be more than enough time to work with. I've sold plenty of things on here literally within hours. I would feel pretty bad for you if I found out you had to dramatically lower your asking price just to ship it internationally, and on top of that had to pay the taxes.

In any case, market research is crucial for pricing used items. Check out these sites to see the used market history of items you want to sell. (Just enter the name of the headphone, select the options you want, and scroll through the results.)

https://devbrada.com/classifieds
https://www.hifishark.com

Then again...I just took a look at your ad and it seems fine to me. (I sold the same item before.) But the fact that you made two threads could result in some confusion.

Thank you for your input, the websites are certainly very useful. I had done some research and my price seems reasonable to me (atleast for now).

UK applies the duty (3.5%) and the VAT tax (20%) on anything that has entered the mainland, so if you buy something from the UK and want to sell it outside the UK, you have to emit these duty and the tax to match other countries prices, so you essentially lower the price by 23.5% of what you paid for a brand new item.

The first listing I made displayed "shipping to: United Kingdom" but I wanted to change it to Europe. I couldn't find how to edit that so I just made a new listing, maybe I am just being silly. I will remove it, thanks for the advice again

 

[InCreD1Ble]

Look at what your items are being sold at from others (focus on the lowest average) and price yours just under that. Whenever I sell something, I try and make it the cheapest currently on the market and tied with the cheapest it has ever been sold used for.

Most people won't care you have no feedback as long as your easy to work with and are prepared to eat PayPal fees until you get a good reputation as a seller.

Thank you, point taken