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#1
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I bet the above fact will be the most important -- and sadly quite often is the most ignored -- posted in this thread.
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#2
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If dealers are making money in this economy, so can you. After all, isn't a dealer the same thing as a flipper?
The profit margin may not be what it once was, but it's probably better than that CD that's only paying 1% (or less). I like the idea that was posted above about buying complete sets and breaking them up. It's a lot of work, but there's definitely some money to be made. You may even run across a few high grade cards within a set that you're able to grade and make even more money. |
#3
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If you break up sets into singles on ebay, be aware that you have different options, each with its own pros and cons. (1) consign to a top seller with a large following such as prewarcardcollector or just_collect. (2) sell lots with starting price at 0.99 (3) start lots with starting price of your reserve amount (4) do a reverse auction, starting with the highest price that you hope to sell the lots for, and reduce it each time the cards don't sell (5) BIN
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#4
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I don't really think that you need to consign to an eBay seller. As long as you categorize correctly and make sure the auctions end at a good time. Your listings search the same. Just Collect seems to pay less attention to when auctions end. Not everyone uses snipes. They don't get as much for cards as PWCC. I've had good success selling lots timed with 3-5 minute gaps in ending on Sunday evening. (I hardly sell anything though)
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#5
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I think its very possible to make some money by flipping cards and if you make anything its more than what CD's are paying these days.
I think its important to pick an area/niche you know very well and focus on it. As someone suggested start small maybe find something around 1k to give it a try. I like the set/lot breakup idea as I have done very well over the years doing the same thing. Be patience and only sell when you feel the market is right, if you cant do that then you should probably avoid flipping. |
#6
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It is very difficult, but not impossible, to flip and make some money. You need to usually stay in your niche and try to find great buys. Not good buys, but great buys. Good buys will net you a loss more often than not. Just my experiences....and they are fairly vast, especially in the last 5 years. I applaud anyone that can buy and sell and make money doing it. It is no where near a "gimmee".....Good question.
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Leon Luckey www.luckeycards.com Last edited by Leon; 10-14-2010 at 07:53 AM. |
#7
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A niche I have done "ok" on is APBA cards...my only goal is to make enough to pay for my new season cards, though, and I haven't done a lot more than break even...but I have built a nice little collection for anytime I want to shake dem bones and replay a world series. After expenses, I would probably say I am earning about a 35% return but it is also a little work and since you constantly have $ ties up in "inventory" you really don't make anything you can pay the mortgage on. Met some nice people through it, and that's worth mentioning.
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