Quote:
Originally Posted by G1911
Yes I am very well aware of breaking. Of course they break at a profit, filming a half hour video, shipping to 30 people, of course it costs more than selling the box to a single buyer. Shops are not making out like bandits, that’s why the vast majority of them fail and there’s not many left still standing. With distributor allocation, overhead, rent, operating a hobby shop is expensive and the profit margins not high enough for most to survive for more than a few years. It’s not a bandit operation.
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I guess it depends on definition. When I said hobby shop I didn't necessarily think of hobby shop solely as a brick and mortar store with a lease. A lot of the hobby is online now. It's very difficult to order something like a case of 2022 Topps Chrome from Topps as a normal consumer. Those roads tend to be closed off to the everyman and always open to distributors who pay bulk rates.
That's where my bandit comment comes from.
Also, the product's retail price and resale prices are almost never equal and the distance between the two is almost always automatic. Take the Logofractor boxes as one small example. They cost $45 when they were released but almost immediately got dialed up to $125 per on the secondary market. There's a ton of money to be made in the hobby if you can get the cards in bulk. And you definitely don't need a lease or employees to capitalize. You can do it from your house and by yourself.