THE GOOD MUSIC SATELLITE STORE PROGRAM
You run a good shop. Your customers like you. You know your stuff.
But you don't know used vinyl. Or if you do, you don't have access.
That's where Good Music comes in.
I'm looking to bring quality, affordable records to Toronto's neighborhoods and I'd like your help.
How Does It Work?
You provide me with a bit of space in your store. I provide you with a crate or two of records.
You sell the records and keep a percentage of the profits. Twice a month, I change the stock. It costs you nothing upfront and you only pay for records you've already sold.
I choose the records. I clean and price the records. I guarantee the records.
My web site and Instagram lists your shop's details, including a short bio, location information, and a photo list of which records you have.
You treat the records as you do the rest of your inventory. Market them as you see fit.
When I change the stock, I'll collect the money for the sold records and provide you with more titles.
What kind of shops are you looking for?
I'm looking for stores with character. I'm looking for stores that make their neighborhoods unique.
Perhaps you sell vintage clothing or furniture. Perhaps you sell locally made goods or unique items imported from around the world. Your inventory isn't as important to me as your attitude and your reputation.
Your customers are hip and down to earth. You know many of them by name. You're proud to serve them and they're happy to call themselves your regulars. Your shop is one of the reasons they like living where they do.
How much space is needed?
Each crate of records requires one square foot of space. The space should be well lit and at a height conducive to browsing.
Each crate holds 60 to 75 records, depending on the thickness of the cover and how many records within the title.
How much do I sell the records for?
I'll price the records for you.
I've been selling vinyl in Toronto for almost twelve years and know the market well. The records in the Good Music Satellite Store program will average fifteen to thirty dollars. Some will be as low as five bucks and some may be as high as a hundred. Prices depend on scarcity.
Most importantly, I price my records fairly.
What happens if a customer returns a record and says it's defective?
Good Music's motto is "Quality records bought and sold. Fair prices in and out." I mean it.
Should a customer return a record claiming it's defective, simply refund their money. I guarantee everything I sell 100%.
Do I charge tax on the records?
Yes. Treat them like any other item in your inventory.
What happens if someone steals a record?
You're responsible for all records left in your charge and are expected to pay for all titles that aren't replaced when you re-up.
How much will the records cost me?
I'll provide you with retail prices, which are fixed. If the record sells, you'll pay me 80% of the sticker price and keep 20% for yourself. If a record doesn't sell, it costs you nothing, so there is no financial risk.
What records will you supply me with?
I'll use my expertise to choose an excellent variety of titles for your store. Over time, I'll learn what sells best in your location and cater future restocks to your neighborhood.
That said, I'm certainly open to suggestions on what you think would sell best in your shop. Perhaps you think your customers would prefer jazz or R&B, or rock and blues. Or you'd prefer to sell inexpensive records instead of collectibles -- or only collectibles!
Let me know your thoughts when you submit your shop and I'll do our best to accommodate you.
If you'd like to see some of the records that have passed through my hands, take a browse through my Instagram page.
Will all applying stores be approved?
No. I'm picky about the records I carry and plan to be picky about who I partner with. However, I will consider every store that submits, and every store will get a response.
That's it. Of course, if you have any questions we haven't addressed, please ask them in the form when you submit your store.