Online record seller with market stalls

Collectors, DJs, casual music fans and people buying gifts or building a home collection.

You buy records at a low price and sell them at a margin. Rarer or better-condition records earn more, and bulk collection buy-ins can give you a lot of stock at once.

• Knowing music genres and what collectors want
• Grading records accurately and honestly
• Packing fragile items well
• Basic online listing and photography

• Check whether you need GST registration once your turnover nears the threshold
• Market stalls usually need public liability insurance, check with each market organiser
• Bootleg or counterfeit pressings, learn to spot them before buying or selling
• Council rules if you store a lot of stock at home, check with your local council
• Postage damage, use proper record mailers to avoid refunds

Startup costs are typically around $1,000 to $5,000, depending on how much stock you buy, plus packaging and any market stall gear. Learn to spot bootleg or counterfeit pressings before buying or selling.

Estimates suggest monthly revenue of typically around $500 to $3,500, depending on your stock, pricing and how often you sell online or at markets. The estimate assumes at least about eight hours a week.

Check whether you need GST registration once your turnover nears the threshold. Market stalls usually need public liability insurance, so check with each organiser, and check council rules if you store a lot of stock at home.