I Bought Out a Record Store! 8,000 Records! The Whole Story.

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11500 E Independence Blvd
Unit F
Matthews, NC 28105

[Onteo]

Awesome stories. I’d love to see a room tour. I had a similar experience. A very close friend asked me one day if I wanted some records about 3-4 thousand. The contents of a local college radio station. When I arrived there with a car load of boxes it turned out to be closer to 35, 000-40, 000 records. He just laughed at me. Figured I’d say no if he told me the truth. My wife was not pleased. The station was there since the sixties and the records were discontinued in the late 90s when they converted to CDs. Loads of promos and test pressings many unplayed. I can’t remember how many trips I made in my Ford Taurus transporting them all to his house and mine. I actually broke the suspension in the car doing this. I’m still selling these on eBay and found some real gems. I never throw records away, they make great tax deductions by donating them to goodwill. . A lot of music I got to listen to that otherwise I’d never have heard. He passed away shortly after that and I still miss him. I smile when I see that mountain of records and think of the fun we had getting them.

[vinylEarthlink]

Academy Records in NYC used to take their unsellable records, package them up in brown paper so you couldn't see what was in the package, and offer the packages for free. Each customer could take one package, but you had to promise not to open it up until you got home. The records were not trash, just titles that would never sell at any price.

[roberthendrix]

Can you give a ballpark of what you paid? That would help a whole lot for others trying to accumulate that amount of volume .

[TheAgeOfAnalog]

Wow, sounds like a nightmare. I'm thinking of opening a store of my own soon and I'm trying to build up an inventory. I ran into a guy recently that says he has a collection of 10, 000+ records he wants to unload. Problem is, he lives 600 miles away from me. These pitfalls are things I'll keep in mind. Cheers!

[tonymasiellovids]

Love the bkg music. I collected Floyd boots when I was in high school. Love those early '72 shows! Great video too!

[cheapcheerfulrecordcollect]

Good video, great advise. Also, don’t be afraid to walk away. There’s always another deal down the road. Thanks for posting and keep digging

[shannonowens]

I’m so glad I stumbled across your channel. I live in Concord so I will definitely be on the lookout for your pop-ups. Oh, and that story was crazy but glad it all worked out.

[horrorbiz]

Some good advice and insight into the not so glamorous aspect of records.

[Angelina-bild]

i bought 1200 records of soul disco funk rap and all kinds of rock...for a hundred bucks!....what a score!

[ARMYN]

Too many record sellers these days online, not enough buyers, market is flooded, values are dropping fast! look out!

[robb]

I won a Peaches record crate answering a trivia question on a radio station in South Carolina when I was about 14. Wish I still had it, but was cool to see the one on the end of the uhaul truck.

[GrandmasHandbag]

"Only pay for what you see", sounds obvious but when you're dealing in volumes it must be very easy to forget. Thanks for sharing Dillon, gotta be sharp when dealing in records! Cheers- Dean

[HouseofRecordsTacoma]

Kudos for hanging in on such a transaction. Most do not realize that your ROI isn't gonna happen in a week or two.

[TheRenard]

I have over 350 records myself! From the Temptations, to Herb Albert, Stevie Wonder to the Jacksons, Tony Bennett to Andy Williams, Grover Washington, JR to Aretha Franklin, Marvin Gaye to the Marvelettes, Jennifer Warnes to Dionne Warwick, Cameo to Switch, the list resumes! I've bought them at Goodwill, and a record store in Long Beach, CA called Fingerprints! Went there in January last year, and haven't went ever since! They all, are sitting at my better half's house. I've listened to vinyl ever since a youngster. My first 45 vinyls were Michael Jackson "Beat It", and Deniece Williams "Let's Hear It For The Boy"...One of the best birthday gifts I received on my 6th birthday was a WKRP phonograph my mom got me! If I still had it, I'd feel very sentimental! My first vinyls I bought at my nearest Goodwill 10 years ago next month, were Randy Crawford "Abstract Emotions", Grover Washington Jr "Baddest", and Tom Scott "Intimate Strangers". Haven't played them in over a month, and haven't been to my soul mate's house since last month because of the excruciating social distancing.

[DarkSide_Vinyl]

I appreciated this story and video. The information was very valuable even though I'm not a record dealer I have been trying to buy a large collection but haven't made much headway yet. The tips you gave may have saved me from a big mistake. Keep up the great videos. P.S. I loved the "soundtrack" to this video too.

[gringogreen]

Wow! I would have walked away from the first guy. I would have told him "A third of the volume a third of the price! That's fair...you misrepresented how much you have." I also would have shown him the money and said "Half now and the other half when it's loaded." That may work, feel free to use it.

When it comes to garbage vinyl I have two questions. First could you sell not playable records for decour either in volume (like 50 count or 100 count) or weight? Also since vinyl is reground and reused in facotories, could you sell crap records and recycle the vinyl? I'm curious from a reduce/reuse aspect of less waste and also more money for you.

[CoreysChannel]

I figured something like this would be a next step for you! Congrats. I see Dr. John behind you I'm interested in :) but thanks for sharing your experience. I mapped out how I would run a business with vinyl but it wouldn't scale to much profit. It would only be for the love and I'm worried a business would ruin the fun of the hobby. I liked how you handled the guy at different points along the way. I think you did the best you could as the situation progressed. I'd like to fund one of those original peaches record crates too. I use actul peaches crates now. I'll shop your discogs store if you have one or feature you on records stores across America of you open a store.

[davidharkins]

You should re-brand these videos as ‘guide to creating record sales business’ seriously its fascinating from a novice/record collectors point of view. Absolutely superb, thank you for sharing!
David, fan from 🏴󠁧󠁢󠁳󠁣󠁴󠁿

[ufobigfoot]

I like your style man. Not everyone is cut out to be a business owner but everyone wants to be. Sounds like his records are better off with you. Best of luck in your business!

[jamesm.]

How, do you buy soooo much records... Where do you shop, if you dont mind me asking...?