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How to buy brand name guitars on the cheap
Music buffs and specifically guitar lovers are always seeking best prices on both new and used guitars. Especially prevalent
since the movement of guitars is pretty fluid, evidenced by the large number of guitar stores found in any mid-size town in
America. Guitarists are forever upgrading or enhancing - and yes sometimes even downsizing or simply giving up! - there
musical instruments.
There is a web site (link below) which lists some of the finest brand name guitars and monitors there pricing on a minute by
minute basis. The best place to find a huge guitar market in undoubtedly eBay. So this listing is made up by polling eBay on
a regular continuous basis, and collecting some vital 'insider' statistics that can help you make much more informed buys.
With a large volume of guitars being traded everyday, this is the ideal near efficient market. One can study the dynamics of
this micro-market and determine some useful buying rules. With a little more information than the rest of the marketplace,
one can almost certainly make some intelligent buying opportunities. This article focuses on how to identify these gaps and
often purchase brand name guitars for nearly 50% below retail.
This article should be read together with my longer piece and a web site, which produces the information required to identify
buying nuggets. Find the links and URLs to these two sites at the bottom of this article. Here is a small sample of some of
the brands it searches each day;
Hamer Guitars, Ibanez, Italia Guitars, Jackson, Johnson Musical Instruments, Kramer, Line 6, Michael Kelly, OLP Guitars,
Parker Guitar.
There is one more aspect that makes this site useful. That is it holds information that is often more difficult for the buyer
to obtain. With this information in hand buyers can often make more informed and better decisions and therefore avoid bidding
wars and outsmart other bidders to a high degree.
Most information on eBay focuses on the selling element, i.e. how to sell your guitar. I have tended to specialize on the
buying end and trying to identify market opportunities and price in-efficiencies to really capture excellent deals. To do
this we need to understand the dynamics of the eBay market place. Like any other market it is supply demand driven, and like
a large flee-market if a buyer has knowledge of how many items are for sale at what prices and how many other buyers are in
the market, then that buyer can capture the upper hand. Lets focus a little more on supply.
The eBay supply dynamic is a little different in that supply of an item must be seen at a point in time. In other words,
because auctions end at different times, one needs to grasp the number of auctions ending in close proximity for the same
item. This gives you a feel for the supply of items or in our case cameras. What makes this interesting is that today there
could be a large amount of auctions ending for a particular model, but next week there could be very few. This is one element
driving the price.
The demand side is slightly more complex and hidden from the average eBay buyer. This is where that the web site I refer to
at below has some useful data. Demand in eBay terms is measured (by sellers) as a number of factors - how many people view my
auction, how many people ask questions, how many people place me on their watch page, and how many people actually bid.
Obviously as we progress down this list the data become more reliable as an indication of demand. Page views are not easy to
obtain, although some sellers place a publicly viewable counter on their auction pages. Questions and watchers are available
to sellers, and the special web site mentioned below will expose this information. Number of bids is available for all to
see.
Now if we happened to produce a graph as the auction progresses of the changes in the number of questions, watchers and bids
one can easily see how the demand is changing as time progresses. Typically if questions are high and watchers are high, but
bids are low, this may indicate some confusion (for example a spelling mistake in a model number) and a possible buy
opportunity. If watchers are very high and climbing, but bids are low, this can point to a last minute bidding war, and a
stay out indicator.
Armed with this information and also a quick summary of other similar auctions ending soon, plus a quick feel for the skill
set of the seller and the current highest bidder, one can see a picture very different from the average eBay buyer. Soon the
trained eye will observe some nice buying opportunities. Guitar musicians, relish the opportunity to get a one up on our fellow buyers. Look carefully at the data presented, after a
little practice opportunities will leap out at you. The premise is simple, a buyer with more market information will always
pay lower prices than the rest of the market. In stock market terms it caller insider trading, and its illegal. In our case
its quite above board and simply assists you in better understanding the supply demand curve for that BC Rich Floyd Rose
http://brandnameguitarbargains.com/eb/BC-Rich/ for your next gig.
Resources;
How to buy brand name guitars at a
discount
Brand name guitar bargains listings
About the Author: Article by Malcolm Silberman and Education Specialist trained by eBay, for a more lengthily discussion of this topic visit
http://how-to-buy.brandnamegadgetbargains.com/buying-guitars-at-huge-discounts and to see guitar auctions with this value
added data visit http://brandnameguitarbargains.com
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