After a while you turn around and that formerly new piece of hardware is 5 years old now. Yes, you still love it and the lights are cool but your studio could be dated if you don’t keep up with the current trends. Anything in your rack older that 5 years might need the slot cleared. Face it, electronics get old and eventually expire just like anything else so it is always best to “sell the tractor while it is still running”. There are also advantages in the form of quick cash you can earn from a sale. You can use this income to put a down payment on newer equipment or to supplement an existing equipment budget. Rotating your equipment while it is still functional adds value for the buyer. They can acquire used studio equipment for less money than it takes to buy new studio equipment.
There are also several payment options for buyers. If they are local they can pick up the gear in person and pay cash. They can also order equipment online and pay through an online payment processing site and have their purchase shipped to them. If you know that there is a big demand for a certain piece of equipment that you are selling then you can ask for a comparable amount but for quick turnaround it is best to discount the item. Either way just figure out how much use you got out of the item and sell it for a fair deal making sure to calculate for wear, tear and usage. Perfect items will fetch more than damaged or malfunctioning systems. Weigh out what you would expect the item to be worth and do some research on other items like yours that are selling online. Stay with the flow of traffic as needed.
Once you have traded your old gear for cash find the best way to replace the equipment. You might trade some gear and cash for newer gear or save up and purchase in the box items new from your favorite local music dealer. Overall this is a good way to keep your studio fresh, new and in top working condition. This technique works well with monitors, CPU’s, speaker systems and mixing consoles. Just about any useful and working unit can be moved quickly and turned into cash by listing them for sale in your local newspaper/website.