How You Can Make Money from the Old DJ Kit You Have

0:00 All the kit you've got, you

Right, my disclaimer. First of all, I am not a financial advisor. Please do not do as I say. Just take some advice and it's about making up your own decision. And also any strange noises in the background is my kitten because it's having a mad one at the moment. Hello. Okay. So you look at all the kit you've got, you may have turntables, CD players and mixers and lights and decor all over the place. And you may feel great because it's a little bit like a king having his or queen having their riches behind them. They feel as though they're secure because they've got the security of having the riches behind them. But what can they do with them except... It just sort of sits there. Now there is a slight difference because a king and queen, if they've got gold and silver, it does have quite a good intrinsic value. Its worth will grow. But on the other hand, the kit that you've got

Will it go up in price or will it go down over time? Now there are certain bits of kit out there, for example Technics SL-1200 Mark II and maybe some other turntables that will hold their price or go up in value simply because there are people who want to reminisce, go back in time and maybe want to capture the essence of real DJing and get the kit that people used to use back in the day. Sad to say though, most of the kit made now is used and then once it's broken or it's old and it's been superseded by something else, it loses its real value and it ends up being a second-hand value which is half if not, if you're lucky, half the original price. So, if you do have a whole bunch of kit that you think you will use again...

2:29 That item and think, do I

Then think again. Now I'm going to give you something to ponder over. Alright, so there's a rule of thumb which applies to practically anything that people have in the world. Now if you buy something today and you use it today and tomorrow and the day after and so on and so on, but then over say six months or a year you start to use it less, maybe use it once a week. Then you use it maybe once a month. Then you use it once every two months, eventually once every six months until eventually you can't remember the last time you used it. When you get to that stage, you need to look at that item and think, do I really need it? Because I haven't used it. What's it doing? Well, I might use it one day. It's collecting dust. It's actually getting older and you have to think.

You've got money. You have paid money. There is collateral in that item and it's just depreciating all the time. You do not want to be in a position when you finally bring it out of its box only to find it's been eaten by mice and it's worthless. So, my advice is this. Look at what you've got and just think. When did I use it last? There's the kitten. If I used it, let's say six months ago, when am I going to use it in the next couple of months? If I am, fair enough. If I'm not on the other hand, then perhaps you should consider to sell said item or items because you will have money in the bank and also you will have some room. Now also what you will find A bit of psychology here is that if you've got a space full of clutter, full of cables and decks and mixers and lights that you don't want to chuck away or sell because you're going to use it but you haven't have you? Then when you start to get space you're able to see more. You're actually able to see clearly and it's quite funny it's a little bit like

Cleaning out your brain from all the clutter. There's too much going on. Sometimes less is more. So if you can sell a lot of the items you haven't used for a long time, it means you can concentrate on the items you've got and do use. Also, it means that you've got some money to buy stuff that you want. Now alright there is a little bit of time spent in taking the pictures and uploading and trying to sell it but... Again, don't take my advice. I mean, we have eBay, we have Facebook Marketplace and also we have our Facebook profile on Instagram. Now, it's up to you how you want to share, where you live and so on. But one good way of selling stuff now is Facebook Marketplace because it's free gratis and for nothing. I've sold a couple of things for a few quid and...

5:15 Just go through normal PayPal

You know, it depends on what it is. If it's something that maybe a handful of people will be interested in, it's sat there for a long time. Alternatively, if it's something that everyone's interested in, you can pretty much sell it in a day and there are no fees also. You know who you're selling it to and maybe go through PayPal, not friends and family. Just go through normal PayPal. If you go through friends and family, if there's a problem, I don't think you can get your money back. I'm not sure. I'm not a financial advisor. Please look into that. But then that part is up to you. This video really is about maybe inspiring you into looking at what you've got thinking, do I really need that lighter? When did I use it last? Well, it was at that wedding.

Two years ago. That's not good enough, you see. That is not good enough. If it was six months ago or five or four months ago, spot on. But if it's going to be a year or anything over six months, you really have to consider if you're going to ever use it again or you're going to be using it once every six months or once every year. Also, you may be thinking, well, yeah, once every six months. I mean, I always use it once every six months. Again, this depends on where you live. But let's say, for example, you've got a massive PA sound system. You've got like eight subs, you've got eight mid and top, you've got an array of speakers. And twice a year with pride, you take all that PA out and you're loving it, you know, because that's your PA and it sounds brilliant. It sounds amazing. You take it home, you pack it up, stick it in a corner somewhere where it's taking up space until the next six months.

Well, how much money have you got in all of that PA? Probably a great deal. Had you ever considered hiring a PA? Because to hire something is far cheaper. Alright, it's not yours but someone more than likely will come along, set it up for you, you have your event, they will then take it away. You haven't got a worry of setting it up or dismantling it, nor have you got the worry about the space and you haven't got the worry about the expense. So if you do have a massive PA and you haven't used it that much, maybe sell that and hire something in. All right, you no longer own a PA but you're you. I mean is a massive PA going to make you better? Not really, is it? So I hope this video has been a help, a bit of inspiration here. Practice and enjoy.

Muchas gracias, dios en vau, tus en tak, thank you very much, merci beaucoup, practice and enjoy. Cheers Giza!

This transcript was produced automatically from the audio of the video and may contain mistakes.