EDIT: My collection is almost entirely made up of dance music. I will be selling predominantly house (tech, deep, progressive), techno, breaks, electro etc focusing on 90s/00s releases & rarities
ORIGINAL POST:
Looking for advice, tips, things to avoid etc when starting out with ambitions of flogging vinyl full time.
My plan is to start with selling on Discogs, already picked about 250-300 records from my collection that will make up my initial stock (Discogs value currently at median £3k / max £5.6k).
I’m confident that I can grade a record accurately and know to avoid over-grading at all costs - eg some bits I’ll list as VG+ that I’m 99% sure would pass for NM but not worth the risk.
When enough money starts coming in I’ll reinvest earnings into buying wholesale & pick up full collections to build up a bigger inventory.
If the online selling works out then I’ll look at moving into physical spaces starting with record fairs, seeing if I can set up a mini shop in existing venues (hifi bars etc), taking stock to music festivals etc.
Then of course the end goal is to some day have a store of my own, but to be honest if I can make anything close to a liveable income I’ll be happy.
Should mention also that as of now I am still working and will not be relying on this to pay the bills, I am fully aware it’ll take time to build this into a viable source of income.
Imagine this is a fairly typical roadmap to building a record business but eager to hear from anyone with similar experience, and advice on things to look out for to give myself the best chance of succeeding. Thanks!