From the CD Forum : Turn a Profit on Your BMG Music Signup

[Schachteles]

Turn a Profit on Your BMG Music Signup

When you sign-up for the BMG music service through Cashduck.com you receive $22 in your cash earned account. The promotion is the typical 12 cds for the price of one. You know the one that overcharges for shipping and then charges you insane prices for the full price cds. First you order three free cd's and are charged $2.79 ea for s/h for a total of $8.37. Next you have to purchase one regular priced CD for $18.98 and another $2.79 s/h. After you purchase your full price cd you get your remaining 8 free cds, which again come with a $2.79 s/h fee for a total of $22.32 (never mind you could ship all of these media mail for about 5 bucks). So in total we have spent $52.46 and only received back $22. That means we are in the hole $30.46.

Now for the good news. Secondspin.com will buy back your cds for up to $5 each. So if I have 12 new cds sitting around, I can first burn them to my computer so I get to keep the songs, then I can sell them back for as much as $60. Awesome!!! The one catch is that not all cds can be sold back for $5. A lot of good cds can only be sold back for $3, but hey that covers the $2.97 you paid for shipping costs.

What I did was go to the Secondspin.com website before I ordered my BMG cds to see what they were paying $5 for and then adjusted my BMG order accordingly. Now my best case scenario is that all 12 of my cds can be sold for $5 ea which will give me another $60 to go along with my $22 from Cash Duck. Also, keep in mind you pay to ship the cds to Second Spin. You can do this for around $5 if you use media mail via the post office.

So now my maximum profit breaks down like this:

Cash Duck +22.00
BMG -52.46
Second Spin +60
Shipping -5

Total Profit = $24.54

More than likely you will come up a few dollars less than this because if you are like me you will find a cd you really want that Second Spin doesn't seem to want as much. Either way this is a nice way to turn your BMG sign-up into some extra cash.

As a side note I have used second spin in the past to sell some old cds and made about $100. The turnaround time was very quick. Please note they do not accept scratched cds even if they play.

 

[HayGan]

I actually specifically purchase cd's and books thru some of these programs and sell them on Amazon. I have been averaging a $2 profit (not including signing bonus) on cd's and $5 profit on the books (once again not including the sign up bonus.)

 

[Maybelle]

I actually joined BMG because with the intro offer the CDs actually come out cheaper in the long run than Yourmusic.com, which is where I usually order from. The CD $22 back was a great payout, which covers the inflated cost of the one CD I will buy before getting my other free CD's.

We buy tons of CD's though, so it actually works out financially for us to do this.

I do have a lot of CDs though that I am not listening to anymore. They are probably worth very little, but I'll have to check into the site you mentioned above, since I hadn't heard of it before.

Thanks for the info.

 

[disnutt]

My husband does this all the time! He's going to have to sell some of mine.

 

[Schachteles]

I am all about making a dollar...so I am going to check it out!!

HayGan-can you tell me about the book clubs and selling them on Amazon?! THANKS

 

[HayGan]

I am all about making a dollar...so I am going to check it out!!

HayGan-can you tell me about the book clubs and selling them on Amazon?! THANKS

The ones I do are Zooba and the Good Cook Club. There are certain books that you can order that sell for a nice profit on Amazon. You have to look around a bit but you can find some. Each of the books can net you a few dollars profit

 

[LuckyLabonte]

great info! I have been wanting to join the BMG for some new music, but didn't want to pay the inflated prices. but if I can resale them that changes everything! I wonder if they buy lps? My dad bought a crate of old lps (some really good ones!) at an auction, just because he wanted what they were packed in. I am have been trying to come up with a way to get rid of them (taking up lots of space at his business) and make some money at the same time.