Amazon has announced that it’s setting up a programto buy back used CDs from its own customers, in return for Amazon store credit. Apparently they’ll send you a label so the shipping is free to you the re-seller.
Anyone here done this yet? Is it worth it? Get any decent dough?
They post the prices they will pay for the particular CD’s. Looks like they avg. a couple of bucks per.
Bigger question: after you sell them to Amazon, do you lose the rights to the ripped copies of the songs that you downloaded to your PC or MP3 player from the actual CD?
(Written before I saw Omar Little’s response)
I didn’t think that was kosher. If you sell (or trade or give away) a CD, don’t you no longer have the right to own a copy of its contents?
So the author of that article thinks Amazon doesn’t really want used CDs.
““There’s just not that big a market for used CDs,” says Randy Allen, an associate dean at Cornell University’s Johnson Graduate School of Management. Instead, Allen and other experts say Amazon is hoping the service will eventually translate to more purchases — and more loyal customers. Studies have shown that when consumers redeem gift cards or credit, they tend to spend 40% more than the value of that credit.”
On the other hand, he thinks they do want CDs:
Experts say it also sets up Amazon as a go-to vendor for that dwindling market of CD buyers, who could soon see more selection and lower prices for used discs on the site."
I’m part of that “dwindling market”. I like having hard copies of music, just in case my backups happen to fail. CDs don’t take up much room.
Who’s probably going to be pissed about this new development are the music shops and other Amazon secondary sellers who’ll have new competition from Amazon itself.
The CDs you send in go directly to a reseller, not to Amazon. I sent some off last week.
I just sell mine.
On Amazon.
And they get bought.
For money.
Just sold one for $23 today.
Somebody paid you twenty-three bucks for a used CD? Was it rare/out of print?
If you’re just looking at $2-3 per CD, it might be easier to take them in to a local CD store. That’s about the typical price you get, in my experience.
Euro import–soundtrack. Unreleased in the States.