dman2900 Posted January 12, 2014 Share Posted January 12, 2014 Made my first Lego sales on eBay this weekend. Didn't do to bad I think.......... I sold an "Orc Forge" and a "Mines of Moria" and made a combined 45.82% profit on them....... For the first sale I don't think it was bad. I'm not going to make a living at it, but not bad....... What do you think? Quote Link to comment Share on other sites More sharing options...
chinothegeeko Posted January 12, 2014 Share Posted January 12, 2014 Made my first Lego sales on eBay this weekend. Didn't do to bad I think.......... I sold an "Orc Forge" and a "Mines of Moria" and made a combined 45.82% profit on them....... For the first sale I don't think it was bad. I'm not going to make a living at it, but not bad....... What do you think? Nice job. Profit is profit in my opinion. Obviously most would say you would make more holding them a bit longer but to each his own. Quote Link to comment Share on other sites More sharing options...
Guest TabbyBoy Posted January 12, 2014 Share Posted January 12, 2014 Made my first Lego sales on eBay this weekend. Didn't do to bad I think.......... I sold an "Orc Forge" and a "Mines of Moria" and made a combined 45.82% profit on them....... For the first sale I don't think it was bad. I'm not going to make a living at it, but not bad....... What do you think? I sell dozens of items a month on eBay (Lego & bicycle parts) with good margins but, still not enough to give up work. I'm not selling my LOTR sets yet as they have only just retired. Welcome to the realm of "Resellers" you know, the ones that LEGO love so much! If I can get better at spotting supermarket bargains before everybody else and clear the shelves, there's no reason why I can't have a full-time crack at this. One tip..... If you see sets really cheap at a local store, swallow your pride and buy the whole lot there and then. Quote Link to comment Share on other sites More sharing options...
Migration Posted January 12, 2014 Share Posted January 12, 2014 Congrats. And watch out, it gets addictive. Quote Link to comment Share on other sites More sharing options...
dman2900 Posted January 12, 2014 Author Share Posted January 12, 2014 I still have 2 "Orc Forge" and 5 "Mines of Moria" sets left.......going to hang onto those for now...... Slowly building up my inventory...... Quote Link to comment Share on other sites More sharing options...
DoNotInsertIntoMouth Posted January 12, 2014 Share Posted January 12, 2014 Congradulations. I am listing on Ebay all day. GOt about 50 items to get up there. Quote Link to comment Share on other sites More sharing options...
Guest brickcrazyhouse Posted January 12, 2014 Share Posted January 12, 2014 well done you'll always remember your first. mine the chrome vader Quote Link to comment Share on other sites More sharing options...
justafrog Posted January 12, 2014 Share Posted January 12, 2014 Congrats, have fun out there. Quote Link to comment Share on other sites More sharing options...
seapotato Posted January 12, 2014 Share Posted January 12, 2014 Exciting! I think 45.8% profit is a very respectable profit margin, especially when you are first starting out and trying to get more capital to invest in other items. I've sold things for as little as 30% profit, usually when I'm just flipping things and trying to clear space or just get some money back. Quote Link to comment Share on other sites More sharing options...
falkenbd Posted January 28, 2014 Share Posted January 28, 2014 Don't forget its taxable income (you'll get a 1099 from paypal if you transact over 100 transactions or $10,000) Quote Link to comment Share on other sites More sharing options...
surfin.ei Posted January 28, 2014 Share Posted January 28, 2014 Hey any time you can make money its a good thing Especially since you are make your first sale! Its always good to get money now so that you have more money to spend on sets as they go on sale! Quote Link to comment Share on other sites More sharing options...
surfin.ei Posted January 28, 2014 Share Posted January 28, 2014 I still have 2 "Orc Forge" and 5 "Mines of Moria" sets left.......going to hang onto those for now...... Slowly building up my inventory...... Keep it up!! You'll see how excited you get as your sets grow with value and an make you some true gains! Quote Link to comment Share on other sites More sharing options...
33Lego Posted January 28, 2014 Share Posted January 28, 2014 Don't forget its taxable income (you'll get a 1099 from paypal if you transact over 100 transactions or $10,000) is it 10,000 or 20,000? Quote Link to comment Share on other sites More sharing options...
surfin.ei Posted January 28, 2014 Share Posted January 28, 2014 is it 10,000 or 20,000? I do think that it's 20,000 Quote Link to comment Share on other sites More sharing options...
falkenbd Posted January 29, 2014 Share Posted January 29, 2014 My mistake, $20,000 (which don't forget includes shipping charged paid to you) .... Also triggers at 100 transactions. Keep your receipts! Quote Link to comment Share on other sites More sharing options...
theplasticmanor Posted January 29, 2014 Share Posted January 29, 2014 My mistake, $20,000 (which don't forget includes shipping charged paid to you) .... Also triggers at 100 transactions. Keep your receipts! I believe its 200 transactions and $20k. I just received my 1099 Monday. Quote Link to comment Share on other sites More sharing options...
Achilles Posted January 29, 2014 Share Posted January 29, 2014 Just remember, this is a pretty POOR time to sell. Most people aren't buying toys (burned out from the holidays) and you are competing with a lot of sellers who are trying to make their books even out or clear out inventory. Your margins on those sets will be much better later in the year, and will probably peak in late Nov/Early Dec. Prices will start to creep back up in a couple months. But sometimes you gotta make a little money to acquire more stuff. So good job! Quote Link to comment Share on other sites More sharing options...
dman2900 Posted January 29, 2014 Author Share Posted January 29, 2014 If I make 25% profit for now I think it would be a good start. That way I can make a little money to get other sets. My goal to start out is to make about 25% to 50% profit on everything I sell to gain capital to reinvest. Start slow and when I regain the investment capital then start looking for the bigger purchases later in the year to gear up to the big selling events in Oct-Dec....... Now I am trying to buy a few of each set that I can at anywhere from 30% to 50% off MRSP....... When do the big summer sale's usually happen? Quote Link to comment Share on other sites More sharing options...
12LSL Posted February 15, 2014 Share Posted February 15, 2014 I've sold misc stuff over the years on eBay...used household items, clothes etc so margins never mattered. I just sold 3 Cloud Cookoo....paid 17.5 with tax for each. Sold each for 30. After fees, shipping, etc I think these small items might not be for me. May just need to focus on pricier items. Sent from my iPhone using Brickpicker Quote Link to comment Share on other sites More sharing options...
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