How Record Stores Go About Pricing
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- Опубликовано: 14 фев 2024
- Join Anthony and I for another Sound Exchange Session this time discussing How Record Stores Go About Pricing. Anthony as the store owner of Sound Exchange in Wayne, NJ has a unique insight into this and shares his thoughts with us on it.
Related video:
What It’s Like To Own A Record Store
• What It’s Like To Own ...
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“Don’t be a dick with your prices”. What a line.
More record stores should have this philosophy. Especially pricing used product at collector prices.
It’s the golden rule of life IMO!
My favorite is record stores who go straight to discogs and price a rare record 20 percent over the highest priced sale.
@@bigsweetc6
Yeah, many stores are doing it, and like Brendon said, those are the same stores that will be scratching their heads wondering why sales are down and people aren’t buying anything and asking why they’ve gotta shut the doors down.
Took (4) used records to the famous Vintage Vinyl about 4 years ago before they closed and they offered me $8.....I said no thanks and took the same records to Looney Tunes on Long Island the next day and they offered me $55! What a difference and needless to say, they have now gained my business regularly. I do want to visit Sound Exchange next time I pass through that area. Anthony seems like a truly fair dude.
Support your local record stores and buy music in physical form. I know that money is tight for many of us these days and you can get music cheaper online often but still at least go and buy at your local record store sometimes too and support them that way. It's a sad day if we come to that stage that there won't be any record stores left.
All second hand record stores lean on desperate people who sell mint copies from big names and get 1$ for each cd buddy.
Why support them like that ? Us customers want decent bargains
@@knownpleasures Very true bro.
That's why they all dying really.
Don't get me wrong love these guys video but when Brandon mentioned most have no time to look around for deals at thrifts,ect,,,wrrrong.
He has 12000 cd so the rush is mostly gone.
But for all of us who average hundreds of cds maybe few thousands because we! listen to actually our cds and know them all.
We always find deals in thrifts mostly trend music because the ones who donate cds are mostly radio people.
But at 50 cents to 1 buck a cd(Canadian here) of course it worth to have half a day a week or s going around.
Hey I used to spend 300-400$ every weekend on nightlife.
So whats is an half day to look around for deals.
You will notice that most of these second hand cds shops quality is so so.
Everything I buy is pristine only.
If I want to sell someday then I know it will,
Sorry long text here,strong coffee,,,
Cheers man
Yes! I say this in all my video descriptions : "Support your favorite bands and local music venues and record shops!"
@@RockinExperience I'd say about the record store part of your comment bro that "skip the middle man,,".
And try to get the desesperate ones selling cds to you instead of selling to record shops.
I do I own over 5000 cds but can careless its just collecting
I listen to my good 800ish collection every week.
But I bought the other 1000s at 2-3$ a cd.
Record shop give a buck only if,,,and nowadays they do the bulk bs...
So a guy come in selling 60 cds lets say then the record shop'd say ok I give you 35$ for the lot,,,,,
Nah.
My girlfriend and I collect vinyls and I came across this video and it's amazing! I really appreciate what you and Anthony talked about with the whole "collectors" situation when it comes to vinyls. I collect wrestling magazines, and I am finding the same problem with buying them online now. People think because a wrestling magazine is from 1991 it should be $50 plus $25 shipping. No, it should be $10 max with minimum shipping costs. People are just out to get so much money off collectors now that it makes it almost impossible to enjoy collecting, or may even drive you out of collecting all together. If people want vinyls, magazines, or whatever you are selling to move and for ya to make money, sell at a reasonable price!
Anthony is the best. Brendon is great too. What a great team for videos.
Thanks Bryan! 👍
I love watching the videos with you and Anthony. Down to earth guys and informative. I worked in a record store from 2002-2008. I loved the job because i love music but buying used from customers was sometime a pain in the a**. People didnt understand that condition had a lot to do with what they would get or if we took it at all. I wish at times I could have told them "Don't be a dick " because thats what I was thinking 😂. Hats off to Anthony for keeping physical music alive. Wish I lived closer!
There are some record stores a short drive away from Sound Exchange that are definitely dicks about pricing. (One of them doesn’t even price their stuff until you bring it to the owner and another prices them 300% over Discogs with a pencil inside the sleeve).
cough cough ez 2 collect cough cough
Hi Brendon /Anthony the Uncle Sam “Heaven or Hollywood album is so great 😄 Ps thanks for another funtastic show🎉❤
Great and informative video, I don't want to own a record store anymore!😃 Love the videos with the dynamic duo
I love these videos with Anthony, it makes me look forward to my weekly trip to the record store every week :)
Awesome Video! Thanks for this! Nothing worst than having to pass up on a record marked up at a ridiculous amount for no good reason
Loving the chat, you’ve got a new subscriber from Scotland
Love the ratt shirt! Im the biggest ratt fan ! God bless all the ratt n rollers! Jesus saves!
Wow, loved that story about the amp for that kid. Amazing!
Nice to meet you the other day, Brendan. (The guy with the Hartford whalers jersey)
Thanks Matt, it was nice meeting you as well. Thanks for being a part of the channel. 👍
On the subject of organization, here in Chicago, I like Reckless Records because everything in the three stores is put in a Database and you just have to look online to find or not find something. Remember the days of going to a video store and hopefully finding something to watch and along comes Netflix.
Love Sound Exchange!
Anthony so sorry for your loss on that turntable 😢
Great transparency in this video. There's definitely built-in value in organization - walking into a well-organized record shop, and finding the EXACT title you're looking for within minutes. If you're lucky you might find the same title at a thrift on the right day at the right time, but it could take a half a day of sifting thru crap at multiple thrifts to find it (I've done just that). Time is money.
Golden discs in Ireland is the oldest record store in Ireland 🇮🇪 I love going to the store buy music ❤❤❤❤❤
I love these!!!! keep em coming.
Will do! Thanks for watching!
Fantastic Video.
Dude I’m wearing those same Bose headphones, really good
Fantastic Video Guys
i love this record shop
I remember going to half price books many years ago.They had Boston's first album on sacd for $50.I bought that new for $13
Strange though HPB has some great CD deals on Amazon, very inexpensive. I've bought from them several times.
Man...maybe I should start collecting CDs.
Was fun to be there Saturday and meet you guys…
It was nice to meet you as well! Thanks for being a part of the channel! 👍
@@BrendonSnyder enjoy it immensely! See you again soon!
Love thrse videos inside the record store.
I live in the UK and work at a recycle centre.the amount of cds/vinyl that people chuck away every week is mind boggling.
Anthony, Give me the TT. If repairable, I'll fix it for you for free. You and your team have turned that store around 180 Degrees!
Enjoyed the video. Sounds like my kind of record store.
I still have my old Pioneer turntable from the eighties.
Very enjoyable,
Very informative video - great work
nice video! might check out the store sometime if im nearby, looks sick!
I spotted something on the shelves that I simply must have! It's rather hazardous watching your videos 💸💸
😂😂😂
Never let anyone know how u come up with your pricing... none of their business... whenever I'm asked...which is rare... i tell them go open your store and figure it out for 40 years
I really enjoyed this episode. At one time, I wanted to have a record store. It’s gotta be tough to get a store owner.
I have the original Uncle Sam LP (which bought when came out)!
Cool! 👊
I never cared for this store because it was a cluttered hoarding mess for decades like Flipside Records in Pompton Lakes. Glad the guy turned it around and made it look better.
Thanks guys! Another great video. I am a huge music fan and have thought about owning a record store in the past. It obviously is a lot of work but, like Anthony, he loves music and that's number 1. Getting music into people's hands, especially turning them onto something new has got to be so enjoyable.
A question for the next (I hope of many) video for Anthony. When he purchases a collection does he go through and clean every CD and vinyl album? How many in the store take on that task? To follow up on pricing. Does Anthony have non-employee "experts" help him price larger collections?
Thank you!!
Leigh
Interesting episode! I have that Badfinger CD. I have it twice: The Rhino/Edsel release that paired it with Wish You Were Here and a live concert and the Real Gone Music's expanded edition. Great stuff!
Cool! 👍
I’ve had Tom Petty and the Heartbreakers Fillmore set in my CD player in my Tacoma for about a yr now and nothing else, so so good
Loved this video.
That’s great to hear! More content coming!
I still like to buy; mainly for the in-store banter. Streaming is too compelling. But I appreciated this video, as now I understand where to direct any ire with pricing. If the transaction isn’t competitive it’s no big deal to walk, as I’ve done countless times. And we must defend independent retail. Good luck!
Brendon when you hit 20k subscribers next week you can give the turntable away as a giveaway! Seriously these are great episodes you guys are killing it-i enjoy the home episodes as well-cheers from Mississauga 🇨🇦
At HMV in the UK, there are many Vinyl Records that get sold for 3 for £55 and on many different genres and artists, some that haven't been out long and they get added to it, which is fine, but sometimes it can get a bit excessive with what albums you want.
However, I also bought albums on Vinyl that I sometimes buy brand new at £25, and after a few months that it's gone up by £5, and it annoys me when they do that, but I have my copy already.
At HMV as well, sometimes you get CDs at reasonable prices, sometimes adding newer CDs at 2 for £16 and getting CD box sets for £15 or whatever, and sometimes new artists release their debut albums on CD for lower prices than normal new albums and that drives me crazy, however and I have seen some Compilation Albums being at £5, even new compilation albums released and it drives me crazy as well, but then again it how it sells. Some new releases are around £12-15 when they used to be £10 or less back then.
You 2 are the "youtube music worlds" Siskel & Ebert, Abbot & Costello, Cheech & Chong, Scooby Doo & Shaggy, Batman & Robin *all rolled up in one.* 🎵🎵
Thank you sir! 👊
good stuff
oh man that sucks he dropped the record player, i had bought a brand-new amp one time and i dropped it pulling it outta the box and it messed it up some so I know the felling Anthony. you just gotta shrug it off and press on. Hope to try and go to your store at the end of April after I go to a concert in NJ. I really like your banter about music keep up the great topics. Need to adress record store day this year in how many titles are not gonna stay exclusive to RSD. (a.k.a. last years van halen lp)
Is that the Moon Records Rush debut on the wall??
Could be. It's the red lettered version. However it also can be the reissue deluxe box set. But I'm not selling either of mine!
Please more videos like this. Also. I love Lana del Rey. She has the most beautiful voice.
Somehow I feel guilty for taking Anthony’s time when listening to you guys… How about a crowd funding to the shop as a gesture? Does it make sense? 🤷🏼♂️🙌🏻🎸
I restore vacuum tube stereo and mono HIFI consoles from the 50's and 60's. Located in Morris county. Love your channel, stop by sometime to see my collection and play some music.
What's a record store? Seriously, I miss the days when they were everywhere: any mall or shopping center had one, from the big national chains to little Mom & Pops. Within a short driving distance, I remember ten or twelve I went to often. (Same with book stores. Similarly, mostly vanished.)
In the old days consumers were completely robbed for buying records. Now record stores have to play with tighter margins thanks to streaming and RUclips.
I go to my local records stores for used vinyl only. On new vinyl, "mom and pops" stores cant compete with Amazon, Deep Discount etc. and thats a SHAME. I want to buy new vinyl from my local stores, but I just cant when amazon has it for 10-15 bucks cheaper! I am glad you mentioned that back in the 80s everything was priced the same. New records/cds/cassettes were the same price no matter the artist or what album it was!!! WHY in the world can this not happen today?????? what was different back then that they could do that???? PLUS back then, when something didnt sell, we got it at reduced prices!! NOT NOW!! WHY???
the owner is not very happy , but i like the guy... im a costumer.
Aren’t you frustrated with how pricing is going in the music world? If so then you can understand his position. Otherwise Anthony is a very happy guy.
Brandon Snyder, does this record store have an online site that I can order from?
I enjoyed the video. Owning a record store seems like a big headache.
I’m the same way and feel the same way on “collector pricing”. Not a fan of it and I feel the same as Brendon (it makes me not want to shop at that store anymore”).
Hey Guys- Found ten .99 cent cds at our local St Vincent’s store. There usually always picked over. Feel like Brendon!
That's a classic case of "right place, right time".
I'm going to find your store and spend some bux..I'm in the UK atm..but I'll get there ❤❤
Wayne, New Jersey, USA - acssrecords@gmail.com
Quickly, I’m in New York and tomorrow will be my record store shop day and wondering what’s the best way to get to Sound Exchange from New York Manhattan/Chelsea?
Also, do they accept card payment (tap)?
Hey brendon! Ive just subscribed to your channel about a week or so ago. I love your content keep up the good work! Im also a big GNR fan 🤘🤘
Glad to hear! Thanks for joining in the fun!
Thats the price to pay for being independant instead of moving on with a franchise.
Then you pay way less.
Here in Canada at Sunrise Record(was Hmv years ago)
We are the only store and franchises in Canada selling cds and records and other music store average gadgets in Canada.
Last month the last Sam the Record man in the country was closing.
We pay 10$ for cd and very often way less,doubles we pay 12$ and records we pay 15$.
So each album cd or record bring at least 10$ profit.
I mean i know in the states leases are dirt cheap but here just in a 50 000 population town an average 600-700 sf commercial lease cost in average 4 to 6000$ a month.
In a major city downtown average 8 to 15 000$ a month.
In upper area of the downtown core 100-120$ a squarefoot..
Our store is located in the beautiful Kelowna BC Canada.
120 000 population and we are in a mall with a 1500 squarefoot at 28 000$ a month.
We average 1500$ a day in sale plus one employee on the floor only each day.
I was wondering how Anthony's music store manages to survive with the internet? Just wondering
Sweet Ratt shirt
Whitney Houston cds always had a high list price. Never midline!
Where's the Import section? That's where I found most of my metal albums in the 80s.
Imports are all mixed in and located with the artist. Makes it easier to find.
One problem is that many dealers price their records as if they were NM but they are vg+ or lower.
Really it’s just laziness on their part as they don’t check and have zero quality control in place.
Brendon I hoped you comped him for the turntable. He wouldn't have dropped it if he could have concentrated.
13:56 WTF? Is right! 😂
Distributors are record labels are going to kill record sales
do they have a online store by any chance?
No unfortunately they do not.
The other side of what is happening in the music industry. It's one of those videos that make me want to quit spotify and invest money on cd's..even if they are expensive af, although I can find used cds..
Do you price metal vinyl more than regular rock albums due to harder to find that stuff? I heard that from a record store owner in the past
While I’m not the store owner, yes albums are priced based on how easier or hard to find an album is. Meaning rarity is certainly taken into account.
@@BrendonSnyder thank you for the answer. I always want metal vinyl but can’t afford much
Old second hand vinyl and brand new not even initial release vinyl are an absolute f....n joke at the prices stores are trying to command. I reside in Australia.
I gotta question for you. Why do some record stores burn incense? Have ran into that with three different stores in the three states that cover for work.
Is there a smell vinyl contacting with old cardboard that makes an evil smell that's only lessened by incense?
No idea. But I just think it’s that they like it. No other reason.
@@BrendonSnyder Ok. Thanks for the quick response. Got some good material there. Subscribed. And rock on.
This guy reminds me of jersey John a younger version
Who is Jersey John? 🤷♂️
I miss all record shop that was times. You went into the record store and talk to man who sold you music.
Yeah, those were the days!
@@BrendonSnyder Absolute Brendon but keep on bying music i do. Try now to get DIO Collection from 1996- 2004 the new box set. i was late and they have sold all out
Hey man where is your store located?
It's in wayne NJ
Turn table the 1200 cleaning up it’s a direct drive unit have to worry about the belt put a new cartridge in there fairly nice order or something like that and that’s where 700 $800 guaranteed the doors will open the phone or whatever will fall apart you have that turntable for 1200 with a decent order fine cartridge you’ll make some money it’s too valuable and anyone knows Turn table will tell you the 1200 a great Turn table with a lot more you stole it now quadruple your profit
Wow. You can alphabetize? I'd pay up for a skill like that. Lol
This hobby is going to die with CDs and records priced at $40+, this is just not sustainable. Owning a record store is a tough business, profit margins are so slim and sales are very unpredictable.
5 years ago I was paying somewhere around $18-25 for a record. Now prices are at $30-35. Add taxes and shipping. I basically had to stop collecting for the moment, not sustainable at all. Now every record purchase has to be this big consideration, it being this expensive is not why I got into this hobby in the first place.
Yer man with the headphones…… got half a haircut🤡
Basic retailing principles.
Nothing new to see here