How to Open a Record Store (Part Two) Location ON and OFFLINE

How to Open a Record Store (Part Two) Location ON and OFFLINE | Talking About Records

Рет қаралды 4,299

Жыл бұрын

If you are aspiring to open any sort of retail business location is quite obviously a huge consideration. You'll need to be mindful of your overhead, foot-traffic, and competition. But in many ways deciding on a physical brick-and-mortar destination is easy compared to all of the options you have ONLINE. We discuss in detail in this episode of Talking About Records.
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Пікірлер: 18

@vinylovers 9 ай бұрын

Appreciate, very helpful videos!

@MattCupan 11 ай бұрын

I signed a lease on a place, built crates, and bulked up on inventory. And found out in the very first few weekends I did NOT want to sit around a store all day. So, basically I have all this space (1200 sq ft), thousands of records, but just sell online.

@NTXVinyl 11 ай бұрын

Ouch

@kristennorth3268 Жыл бұрын

Really appreciating this series. My husband and I bought a pre-existing (and failing) store, so things like location were already determined, but I'm still learning from every episode. We did briefly try selling online (Discogs) during 2020 but every buyer said the grading was wrong and returned them so we just gave up on that until we have a better idea what we're doing. Or maybe just never.

@NTXVinyl Жыл бұрын

So glad it’s helpful!

@DorianPaige00 Жыл бұрын

Most collections have records that have to be discarded because the title won't sell or it's in bad shape. The grading wasn't in a conservative direction if folks are returning and complaining. You can only give 35-60% of Discogs median price if titles are the ones people want, are rare and in demand, and are in near mint shape. I saw some 12" singles and Lps at the Salvation army that were decent titles but they were in perfect shape. I don't remember ever opening albums in 80's without a few hairlines. These didn't have that so for $1 I grabbed them and will sell on Discogs.

@vintagemostwanted4557 Жыл бұрын

Great info, I’m taking notes! It makes sense to also sell online. I am looking forward to eventually selling on my own site and not have to pay seller fees! Yea, I was thinking something along the lines of a coffee bar area, something different and unique that will have customers returning for more. Looking forward to the next video. Thank you 🙏🏼

@NTXVinyl Жыл бұрын

Thanks!

@terrywiselheintz1174 10 ай бұрын

What program do you use to inventory and print labels. Help!

@justinforrest1613 Жыл бұрын

What kind of initial capitol do you think it takes to have inventory to start off?

@NTXVinyl Жыл бұрын

I’ll be addressing this more in an episode specifically about inventory. So many variables depending on how large or varied you’re wanting to be

@yevg7 Жыл бұрын

How do you deal with local pickups from a practical viewpoint. Are there painted tree personnel there to hand them out, or so you just put them in a designated spot and hope nobody else doesn’t take them? 😀.

@NTXVinyl Жыл бұрын

All pick ups are held behind front counter. Customers simply ask any cashier to retrieve their album(s)

@yevg7 Жыл бұрын

I see. Thank you 🙏

@topherg1935 Жыл бұрын

My best and biggest local record store doesn't sell online. He is all about the experience of going in and physically flipping through the bins.

@NTXVinyl Жыл бұрын

If they can make a good living without selling online kudos to them. My guess is they’ve been around a long time? Most shops don’t have that luxury, especially if just getting off the ground in recent years

@topherg1935 Жыл бұрын

@@NTXVinyl It's Mill City Sound and they've been around 7 or 8 years. He got started by buying a huge collection in West Texas of a store that never sent back unsold records for decades. The vinyl boom has been good timing for them.

@kristennorth3268 Жыл бұрын

@@topherg1935 Oh we love them. Whenever we're in Minneapolis, we stop by and dig. (We're in North Dakota.)