How to Sell CDs & DVDs
Selling CDs and DVDs is a great way to make money. Many people already have CDs and DVDs they no longer want and can sell them for a quick buck to friends or retailers that buy used movies and music. But selling CDs and DVDs isn't just a way to raise cash at the end of the month. With a minimum amount of legwork, you can create an online business that generates steady, bankable income.
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Instructions
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Mine your CD and DVD collection. You probably have CDs and DVDs you no longer want in your personal collection. While most of these will go for low prices, others will not. Remember that specific versions of CDs and DVDs go out of print, and new versions often lack material present on older ones. Unwanted CDs and DVDs aren't garbage---they're the beginning of your inventory.
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Find a distributor. To sell CDs and DVDs at a profit, you have to buy them below market price. This is where distributors come in. Many Internet distributors are willing to dropship CDs and DVDs for you. Dropshipping is invaluable because it allows you to place orders as they come in, and the distributor will ship directly to your customer. This saves valuable transit time and removes the need for large stock areas.
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Set up an online store. Internet CD and DVD stores have advantages over brick and mortar stores: you don't need to rent out a storefront, and your store will be open 24 hours a day, seven days a week. Setting up and hosting your own website can require a significant investment, therefore, it's recommended you start out selling through an established site, such as eBay.
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Set up a payment account. The Internet is full of websites which accept payments over the web. Compare the different payment services and see which one fits your needs.
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Blog about your inventory. Keeping a blog generates buzz about your stock. Review new releases as they come out. Review re-releases and older CDs and DVDs of particular interest to your client base. Make your write-ups specific. Tell the reader about your inventory in a way that makes it sound interesting. Update the blog as often as possible.
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Promote your store online through Internet forums. Contribute regularly in a way that doesn't sound like you're just trying to sell. If you're interested in CD and DVD sales, you probably have opinions about your product. Get involved in relevant conversations.
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Promote your store offline. Go to movie theaters, music venues, and CD and record stores and put up fliers. Reach people who aren't already looking online.
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Tips & Warnings
Keep accurate accounting records. When your sales surpass a certain threshold (roughly $500), you will be required to pay federal, and potentially state, income tax.
