Having even one guitar priced obviously too high can create a negative image for your brand – especially if it’s the prospect’s first exposure to your company. Having your products priced too low will hurt your bottom line.
So how do you find the sweet-spot for pricing your guitars? The price guides below will help you price your guitars intelligently.
Before going any further, let’s be clear that no two used guitars are exactly alike. Guitars are not commodities. Two guitars of the exact same model, year and color can and usually do have different values.
Consider a guitar with badly worn frets and a maxed out truss rod – two issues that aren’t likely to be obvious in an ad’s photos. But compared to a similar guitar in much better condition, their values will be greatly different.
Guitar Price Guide Resource Links
With that in mind, here are some guitar price guide resources that will get you in the “ball park” for setting your guitars’ selling prices..
Supply and demand issues, inflation and even the latest entertainment news can swing guitar pricing rapidly, so always be sure to check how prices are trending in the last ninety days.
Keep an eye on new guitar prices too. New guitar prices often go up in the first couple months of each year. There may be a bit of a time lag, but those new guitar prices will usually pull used guitar prices up along with them.
Obviously, guitar selling prices will affect your guitar buying offers. Do your guitar pricing research periodically. Just because you’ve always paid $xxx.xx dollars for a particular guitar model in average condition, doesn’t necessarily mean you should offer the same amount today.
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