Header Ads

Where and How to Sell Camera Gear!

Where and How to Sell Camera Gear!

Following up on last month's guide on how to buy used camera gear and lenses. In this article, we're gonna do the complete opposite. We're gonna be talking about how to sell your camera gear. That includes where to sell it how to sell it how to figure out the best prices to maximize getting your money back and how to avoid getting scammed. And do be sure to stick around for that because I do have a story about how I almost personally cut scammed selling one of my lenses.

How to Set expectations on values of used goods?

So there's a really important concept here when it comes to selling use camera gear or anything used in general and that is time vs money. If you need to sell something quickly you will likely have the price is extremely low. We call that price to sell. Vice versa if you want to recoup as much money as you possibly can then likely you will be waiting a while before a Guardian Angel will come out of nowhere to buy your camera gear at the price you're asking for. Just to give you a personal experience, I was trying to sell my Sony 70 200 F 2.8 g Master.

I bought it three years ago for about 2600 dollars and the going use market price. It's about 2000 dollars. And it took me about two months to sell that lens. After posting it on Craigslist before it finally sold I got a lot of inquiries asking me to lower the price. Some were asking for a ridiculous amount like 12000 dollars but I was extremely firm of the price and the patients paid off. And I got the amount that I wanted vs the photo tripod that I was trying to sell. I think it's about 350 to 400 dollars. Brand new.

I accidentally priced it at 75 dollars that you can imagine it's sold instantly. The fluid head on that tripod alone was worth 120 dollars. So that was my mistake. Don't make that mistake. But that's just to give you like two contrasting situations on pricing at low vs pricing something high.

So the biggest takeaway in this article that I want you guys to have is to be prepared to let go of things for about 75 % of their original value. Setting your expectation is really important when it comes to selling used gear. Trying to sell something and trying to recruit 80 to 90 % of what you pay for is honestly pretty delusional. And that's coming from experience. Unless the item that you're selling just came out and you barely miss the return window period or if the item is in hot demand and it's sold out everywhere.

Original boxes & accessories

Some would say original boxes will increase the resell value. And while that is kind of true to be honest it won't add too much value to it. I tend to get a good amount of money back from selling some of my stuff without having the original boxes.

Accessories on the other hand is Super important stuff like batteries, Chargers cases. Anything that came originally with the item that you've purchased would definitely help maintain that resell value. If you bought extra accessories and you're including them that can help incentivize for a quicker sale though they don't add that much resell value. Honestly, it's gonna depend on what it is. If it's like first-party batteries you can probably bump it up for like a few extra Bucks. But third-party items like filters or third-party batteries those don't increase that overall resell value.

What is the easiest way to sell camera gear?

So there's about three methods to selling your camera gear. We're gonna be talking about the easiest way. The semi-easiest way and the annoying way.

1. So the easiest way to sell your camera gear is by trading it in with your local camera store or using sites like MBP or KKEH. Usually, you get the lowest value through this method. The pro to all of this is that you're selling it really really quickly. If you want straight money this is the best options now. Sometimes your local camera store could be offering a trade-in bonus, especially around the holidays. If you're trading in your old camera gear to buy something new from them.

2. The next method is selling locally through Craigslist or Facebook Marketplace or using Offer Up. This type of transaction is called peer to peer where you'll be meeting up with another person to sell your camera here. And this is my most preferred way to selling myself. The pro to this method is that you'll likely get the value that you're satisfied with and it's a fast and easy transaction if you accept cash.

The Con to this method is that it's a lot more effort on your part to craft the listing to set up the meeting location in time. And depending on where you live you may or may not be able to sell your item. Honestly, it's not as bad as it seems. I'm gonna go over how to prep your item for selling and how to craft together a listing later.

3. Now if you're unable to sell it locally you can take it to the internet by selling it on online forums are using middleman sites like eBay. The pros to this is that it's gonna give your item a lot more exposure and it's likely gonna make the sale happen. The cons to this though is having to ship the items so you'll need to find the right box size. Get some packing tape, peanuts. They're called peanuts, air cushions to securely pack your item and then have to worry about the item reaching to your buyer. And there's another set of cons for middleman sites like eBay. eBay charges a whopping 10% in service fee. On top of that PayPal charges a 3% transaction fee.

It's really not worth it in my opinion unless you really can't find a buyer locally. I saw on 200 dollars worth of laptops and they ate about 150 dollars in fees. So unless you're running a store with an inventory I'd say forget about it.

Now if you're selling it over to the Internet and you need to ship it you will need to factor in the shipping cost regardless if you're offering free shipping or not. Personally, I do a flat rate and expect to pay about 15 to 25 dollars for shipping and that includes the material like boxes, packing tapes, and peanuts. Now even though PayPal charges a 3% transaction fee is still the safest method for either parties when it comes to buying or selling things over the Internet.

You can of course tack on the shipping costs and the PayPal fee to the buyer but chances are they might be considered buying because then the cost will start racking up and it might not be worth it on their end. Just something for you to consider.

How to know the worth of your item?

1. So the first thing that you want to do is to research the worth of your item. And the best way to do this is to look up that item that you're selling on eBay and filter to listings by sold and completed listing. This is gonna give you the most accurate and the recent worth of your item.

2. So after you figure out the worth of your item the second thing to do is to manage your expectations. Figure out the lowest price that you're willing to sell your item for.

How to prep your item for sale?

3. Take photos. I know we're all photographers here okay? But the photos don't need to be world-class. You don't have to shoot in Raw and do any sort of family fantasy editing. I used to do that too and it really did not help to sell the gear any faster. If anything it took even longer because I'm spending way too much time doing all this stuff to sell my items. So JPEGs are okay. Phone photos are fine. Just make sure to take the photos and proper lighting and take photos of all the important areas like sensors, glass. And if there's any sort of marks and stuff that you're noting in your listing be sure to take photos of those areas as well.

4. If you're selling cameras you're going to have to include the shutter count of the camera as well. I'd like to figure that out.

5. Once you have all those information ready on hand it's time to make the listing. Now you don't want to have too little or too much detail. So title your listing with the important keywords that includes the brand, the model, the condition, the price, and the location.

For the condition of the item, you want to give it a rating. Is it new? Is it like new? Is it in excellent condition? Is it in poor condition? Are you selling for parts only? Be sure to mention any noticeable marks and stuffs on the camera as well as any sort of defects. Now, these could affect the resell value of your item depending on how severe the issues are. But just price it accordingly and be honest about it.

Shutter account if applicable and price along with the preferred method of payment. I personally say I prefer cash only and we're gonna be talking about why that is later and the sort of different payment options that you should be accepting. And then I also like to include a two to sentence essay on what I use the item for and why I'm selling it. This is kind of optional but I figured since I get asked anyways why I'm selling something nowadays I just included.

And don't forget contact info might not be a big deal on certain sites like Facebook Marketplace because they would just use Facebook Messenger. Craigslist have their own little anonymous email exchange system. eBay has their own method as well but correspond through emails correspond through text whatever way you prefer. And finally, upload those photos post it, and wait for those inquiries to fly in.

How to deal with low ballers?

Now you'll likely get a lot of inquiries trying to lowball you and what that means is that they reach out to you asking you to lower your price to some ridiculous amount. I usually don't respond to those messages or sometimes I will respond what they sold it. No with a period and proceed to give them the middle finger. Emoji just kidding. But actually, I want to share with you this strategy that I've tested that helped me made a few sales at the price that I was asking for. And that strategy is just responding politely I would say Hey there. Unfortunately, that's the best price I can give you.

It was only used a handful of times and it's well taken care of. The cost of buying it brand new is about 350 dollars on sale. I've only ever seen it for about 300dollars. 250 dollars is honestly the best price I can give you. Hope you understand. If you're still interested let me know. In both a beam but a boom. I sold a length and a pair of headphones. Just using this strategy. Sometimes being polite can go a long way.

So after several messages and figuring out the logistics of a meeting location. It's time to sell in person. Now if you're living in the worst timelines like I am right now with the whole COVID pandemic situation happening wear a mask bring a pair of gloves, bring some alcohol wipes in case they don't buy your camera gear.

But if you're living in the best timeline ever where you don't have to worry about the pandemic then you can skip that step when it comes to buying or selling stuff in person, always meet during the day in the public space with people and be prepared to be there for at least 15 to 30 minutes. Likely your buyer will be performing some thorough testing with whatever it is that you're trying to sell them. So put on your best attitude if you got one. Just kidding.

But I do find that having a friendly and positive attitude can help ease attention a little bit. These buyers are spending a copious amount of money buying your use here so I personally like to make them feel safe and secure. Speaking of safe and secure bring a friend along if you can just for additional safety. That way they can keep an eye out on things and they can hold the item while you count the cash or something. So the funny thing about being a camera YouTuber and selling stuff is when people recognize me and they're just like Oh we know who you are.

We trust you and they walk away without testing the camera gear. So test that first before you walk away. I don't need no public defamation where you go back home in there's like Swapee sold me a dud of a camera. This guy's all freaking scammed. So Yeah it doesn't matter if it's me or another YouTuber or a celebrity. You make sure the item works before you walk away. Right?

How I almost got scammed?

So Let's go ahead and talk about the best payment option. And that is cash. In my opinion, it is the safest method of payment. So whenever I'm dealing with a large sum of money I would have the buyer meet me out of Bank. That way they can test the camera gear out and if everything checks out we will walk into the Bank together. I would deposit their money. And if the teller says Hey it's all good to go they get to walk away. The buyer gets to walk away with the camera gear. Now you can accept cash apps like Chase QuickPay or Venmo but you'll be using those at your own risk.

Lately, I have ve been accepting Venmo is because of the pandemic. But a couple of years ago I almost got scammed for accepting Venmo as payment. I was trying to sell my Sony 85 millimeter G Master lens for 1600 dollars and the buyer was asking if he could pay via Venmo. And I was like Sure. However, he was trying to pay me. Even before getting to the meeting location something was fishy here. On top of that, he was like Hey I can't send you the whole 1600 dollar amount.

Venmo is not letting me However I can't send you 80 dollars at a time. So this Fool was trying to pay me in increments of 80 dollars. And I was like No either you send me that whole 1600 dollar amount or you come back with cash. He promptly stopped responding. And guess what? A month later there was an article of the same mofo that scammed another guy using this exact technique.

So what ended up happening was this guy woke up the next morning with Venmo doing a chargeback on all those 80 dollars transactions. So not only did he lose out on the money but he lost out on his camera gear. I'm like bro. I dodged a bullet right there. I felt for the victim but man it was a good thing I went with my gut feelings.

So how to avoid getting scammed?

So my best advice to you is if you see even the slightest hint of a red flag I would just say avoid the sale. Aside from that Venmo scam, I would avoid any scam that involves money wiring. If they have to pay you through some weird method that is not cash I would say don't do it. And if they say they're all they're buying it for their niece and nephew and they're willing to pay you more than your asking price.

If you ship it out to some other destination don't do it. If it feels weird just don't do it. Now of course it is. Case by case. I have shipped a few items before just because the distance between me and the buyer was more than a two-hour drive and it wasn't going to be worth it for either of us to meet up for a or dollars item. So they were okay with paying a little bit of extra for the shipping costs.

And I was so happy to make that sale. So case by case gut feeling if it feels wrong don't do it. Let me know in the comments down below if you had any experience selling camera gear whether it's positive or negative. I feel like it's important for the community to read both experiences so they can make their own judgment cause to which method is best for them to sell their own camera gear.

No comments

please do not enter any spam link in the comment box.

Powered by Blogger.