Is It Time to Sell Your DJ Kit or Buy Buy Buy New Stuff?

0:02 We are in crazy times

We are in crazy times. We really are. In my lifetime I never ever thought anything like this would happen where some people would be allowed to stay in, some wouldn't. You're allowed a certain amount of people in the room but you're not allowed a certain amount of people in the room there and you're allowed to go here, you can't go there, you've got to shut a public place at this time and you're only allowed a certain amount. It's crazy. But this video is about giving you some advice. Now in no way follow my advice to a T. I'm not a financial advisor, this is just pure information. So really my disclaimer is nothing in this video should be given as legal evidence, it's provided for information purposes only.

Right so a while ago I started selling bits of my kit because I didn't need it. Now I have talked about this before but I want to go slightly more in depth. But try and make it as short and sweet to the point as possible. I started selling kit because I honestly thought you know what, I haven't used that in a long time. Am I going to use it in the future? Maybe. As soon as that word maybe came into my vocabulary I decided to sell it because maybe isn't good enough. Yes is good enough. No is good enough to sell. Maybe is also good enough to sell because maybe is no good. Maybe takes up room, maybe takes up space and that's what your kit's doing. Now I've heard on the grapevine now that people are starting to sell. That's because I'm bouncing up and down.

2:03 Very likely, no I shouldn't say that

People are starting to sell their DJ kit because maybe they're thrown in the towel or they realise there's no work or maybe they're scared about future work. So what? Very likely, no I shouldn't say that. What might happen in the near future, in fact it might be happening now and this video is going to be uploaded September 2020 is that there could be an influx of kit. Two things. Firstly there could be the web awash with second hand kit. Also what will happen or may happen then is that because there's so much there's a lot of choice which means the prices are going to happen. There's going to be a lot of competition going on. So you're going to have to put your prices down on the same kit that someone else is selling when last year you could have sold it for a lot more but we didn't know then.

So my advice here in this video and again, it is only my personal advice. Just make your own decisions. This is really important. I'm not telling you to do this. I'm just maybe making you think well hold on. He's got a point. He hasn't got a point. He's talking a lot of crap. I'll think about it. Good idea. Forget it. Waste of time and subscribe and thumbs down fine. Okay, so let's imagine how you go through all of your kit and you go no, no, no. Maybe that's a no. Maybe that's a no. Maybe maybe then again, you should start selling it now because if you don't start selling it now in another month or another month. No. As time progresses things could get a little bit more tight in many ways, which means when finally you do decide to sell your kit.

3:56 You'll pick one or two

There will be so much stuff out there because everyone's desperate for money. You will get a fraction of what you would have got if you tried to sell it now. Now that's the key to this video. That is the key and it's very simple. You know you go into a supermarket and there's a million tins of baked beans. Well, okay, you'll pick one or two. All right and everyone else will come in and maybe pick one or two but just think what it's like if you walk into a supermarket and there's only five or six tins of baked beans. Everyone's rushing in to get them don't care what they pay. They want those baked beans. We are slowly maybe getting to the first scenario of loads and loads of tins of baked beans and are they worth anything?

Yeah, they're worth something but not as much. As if there was a few out there. All right, so that's what I'm saying. So think. Think about the kit you've got. Are you going to use it? If it's a maybe then maybe you should just move it on anyway. If it's a no, move it on. If it's a yes, keep it. But maybe it's about time to make some money and also like I said what you don't want to be doing is pondering over the idea. Well, I thought about selling that. Should I? Shouldn't I? Only to realize three or four months down the line you're going to get maybe 50% of what you could have got if you sold it now. Now again, it's like stocks and shares. Okay? If true traders knew how stocks and shares were going to rise and fall they wouldn't be traders right now because they would have gone out of the business years ago and become multi billionaires.

Maybe somehow but it is like stocks and shares. Okay? We can speculate. We can think. We can analyze. But honestly, we really don't know. We can just try and think and under the circumstances of what's been going on at the moment it might be a good idea but that's entirely up to you. Practice and enjoy. Thank you very much.

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