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$13 at WM today. No, I didn't trespass @exciter1

The advice always given is to start small, practice selling, and then decide how to proceed. I got my start 2+ years ago flipping Jurassic World before Christmas 2015. I learned about shipping, selling on ebay, and started buying in the post-holiday Walmart sale. Some have done well and I've sold through (Ghost, Phantom, B-Wing), while my AT-DPs don't even move on Amazon. It's easy to get caught up in the buying frenzy you see on here, but you will learn there is some new clearance sale on sets you like every few weeks. Other than a few rare instances of pricing errors, you won't be missing much. Here is one opinion, but there are many: Keep the X-Wing/Kylo Shuttle (if bought 50% off or better) and try to sell this year once stock dries up at retailers and prices start climbing. Keep the Elves and HL Riding Club. Sell the White House now. Everything else goes back except: keep a few things you got for 75% off and try to part out the vehicle/figs. You need ebay feedback and practice. Also, open a BL store and practice selling there. This is low-profit/time consuming, but you need to figure out if you like doing this and if you can find a niche that you enjoy. But don't keep anything that has to stay on a credit card. Credit isn't evil, but it is a profit-killer in your stage of the game. Also, don't try to learn about every theme at once. Pick a few you like or think will do well, and start tracking them. Look at previous sets and how they performed. I still don't even watch every theme and rely on others to help me pick sets in areas of Lego I don't understand (looking at you, Technic and Minecraft). Good luck and most importantly, have fun! Edit: Oh, and find someone in your area who has more money than time. I'm sure they would pay you to buy up extra sets while you go hunting for the sets you want. I did it and still do for bigger fish in my area sometimes. And I have other people who do it for me. We help each other out here

In all seriousness, there are a few basic rules-of-thumb that most everyone here follows: 1. have a plan set a budget of how much you are willing to spend in acquisition (per week/month/etc) have a strategy for how long your hold time is, what your ROI is, and how to sell it. stick to targeted sub-themes that you know, understand, and trust. 2. test the waters by starting out small 3. don't leverage credit unless you have both of the above in place. Buying is the easy part. Selling is much harder. For me personally, my hold time is 12+ months, and my target ROI is 2.5x purchase price. So, as an example, the super hero high set has been at 30-50% off consistently this holiday season. After it goes EOL, I think it will be lucky to see 2x the on-sale price within a year: so maybe $80-100. For me, based on my strategy, it needs to be $32 or less before I'll be interested---60% off MSRP or better. But even if I picked it up at 70% off, it's likely to be a slow seller. So, too much risk and there are likely better pickings available. For example, earlier this evening 41125 Horse Vet Trailer came back in stock on amazon at MSRP. If you are looking for a quick flip, that would be easier to sell on facebook in a week or two at 50% ROI than any of the 70% off sets listed in the picture. Looking at Dr Strange as an other example: It's been talked about here a lot, which implies its been hoarded---lots of competition to sell once it disappears. I have little confidence in Super Hero sets---the theme is too dilute to catch long term interest---which is also a knock on it. (that said, I have a few. But I paid cash, so I'm OK to hold for 12+ months or so to see what happens with it.) The VW Bettle is a good choice for a long term hold, but your win/lose threshold will depend on your buy-in. Again, assume that the competition is picking it up at a 30-50% discount. If all of this was bought on credit and you haven't tested the waters yet, I recommend taking most of it back. Start small, and use your profits to grow bigger.

I not worried at all. Well actually, I started selling my Harry Potter sets when I first heard rumors of the new Harry Potter sets for 2018. These are my sets with boxes, I actually have tons without boxes. But by mid summer, I should have sold all of my Harry Potter inventory.

Played the Tesco goose chase and it paid off 5 x 75189 gorilla walkers £32 each 3 x 75187 bb8 £22 each Pleased with that

Just pick one of the 25 weeks in the year he has given up on investing in Lego.

Sale approaching,will confirm on start, nothing extraordinary.

I’ve had a productive start to the new year, flipping a few and putting some by, the last couple of weeks look like this - 1x 75192 UCS falcon £650 - flipped after a week for £750 cash (will get another eventually) 4x friends riding club 41126 £27.50 each 1x Heartlake hospital 41318 £38.25 1x caterham 21307 £48 2x bb8 75187 £40 each 2x phantom £27 each and just picked up 10 city police stations for £21 each from tesco. I brought five before Xmas for £25 and doubled my money in about two weeks, wished I brought more. Today I got my chance so went for it, they should sell on Facebook all day long. Thanks to all for the guidance and knowledge on here, still learning and enjoying doing so. Gary

Wow - As a crazy person myself - Trust me when I say that you are nuts!

Return if you feel any remorse. Swallow your shame and pride when doing so. A good amount of that stuff though I have let stay in the stores and I will buy just about anything. Doesn't mean there is no profit in it, but to me, my storage is valuable space and some of those items I don't expect to go back up for a while or simply not have that great of returns/overproduced/not popular. The market is also flooded or going to be flooded for a awhile. Best of luck. You have to make mistakes to learn though, which we have all done.

I second this. A great strategy to get started is to go with used retired sets. Listings appear daily where someone is just quickly unloading their collection, or someone's kid is done with Lego and the parent just dumps it. I haven't bought too many used lots this year since the baby was born (no time to sort and build), but I would pick something like this up 3-5 times a week in the years before. It was by far my highest profit and lowest risk. Plus you got to enjoy the building experience. The few examples from this year: Contained a complete (remainder of parts in the basket) 75054 (AT-AT), 75050 (B-Wing), 75092 (Naboo SF), 75105 (MF), and 75094 (IST) ^^ Contained: (3x) 7595-1 Army Men on Patrol, 7667-1 Imperial Dropship, 7668-1 Rebel Scout Speeder, 7676-1 Republic Attack Gunship, 7751-1 Ahsoka's Starfighter and Droids, 7914-1 Mandalorian Battle Pack, (2x) 8014-1 Clone Walker Battle Pack, 8018-1 Armored Assault Tank (AAT), 8083-1 Rebel Trooper Battle Pack, 8084-1 Snowtrooper Battle Pack, 9488-1 Elite Clone Trooper & Commando Droid Battle Pack, (10x) 30071 Army Jeep _________________ Another highlight for $125 shipped: 6212 X-Wing Starfighter, 8128 Cad Bane Speeder, 75084 Wookie Gunship, 7930 Bounty Hunter Gunship, 75145 Eclipse Fighter, 75024 HH-87, 75091 Flash Speeder, 75167 Bounty Hunter Speeder Bike Battle Pack, 7914 Mandalorian Battle Pack, 75131 Resistance Trooper Battle Pack, 75133 Rebel Alliance Battle Pack, 75164 Rebel Trooper battle Pack, 7957 Sith Nightspeeder, 75022 Mandalorian Speeder, 7965 Millennium Falcon, 8016 Hyena Droid Bomber, 9498 Saesee Tiin Starfighter, 8085 Freeco Speeder, 75180 Rathtar Escape, 75148 Encounter on Jakku If I had more time I would go back to doing most of my business with buying bulk retired used sets, separating, and flipping them. You can make a good surplus this way to save up to start clearing shelves off without going into debt.

Tabby is such a changed man, jumping on City as a key investment vehicle (pun intended).

Yeah, they need to cancel @mauro23 order first then you´ll be sweet.

Been trying to find a way to display my falcon when I came across Effermans stand on rebrickable. https://rebrickable.com/mocs/MOC-10219/Lucioswitch81/effermans-vertical-stand-for-millennium-falcon-75192/#info Took some manoeuvring to get it on the stand and some rebuilding afterwards but it's great and very sturdy. (if you buy this before you build your falcon you can fit it after bag 4 and probably make mounting it and the actual build easier) Fits in one of the alcoves in my room almost perfectly.

Finally!

Just because it is cheap, doenst mean its a good investment, buying on credit without the cash is a sure way to financial ruin. This applies to most bad debt. I did that early on as well and returned everything to Wal-Mart 5 to y years ago. Since then, my average realized return is 105% net. So this game works but requires due diligence like any investment approach.

HODL!

great Obviously buying 1-2 at at time from Hamleys or Bricklink is cost prohibitive with shipping. I hope to get about 30 of these to me in the US. I need to cover cost + shipping over to US and then get that price but I expect these to be much less then $20, shooting for $12-14 territory Will keep posted

Me and my mountain of multiples of 7 sand baseplates all say you guys suck.

A work in progress... and time

Lots of good advice so far. I understand that buyer's remorse. I used to get caught up in the "deal" and just buy things because they were 50% or 70% off. I am much more choosy now because I have a smaller house (part of our strategy to retire before 50) and it makes me very anxious to have too much stuff that represents work to be done. But everyone has different tolerance levels. My advice is just return the sets you are not sure about. However, here are some things I do with Lego sets I get for a great price: 1. I have found that I can trade some of those sets for sets I actually want and at least break even or sometimes do better. I have a few independent used/new Lego stores in my area so I take my sets to them and trade for something I want like modulars or minifigures and pieces I am missing from other sets I have. 2. I try to stick to buying sets I actually like because I figure if I can't sell it for a profit, I might just keep it. 3. If you have kids, nieces or nephews, or kids of friends etc, the Lego sets you get for a great price make awesome gifts. 4. If you have local charities in your area that provide an opportunity for low income parents to "shop" for birthday and Christmas gifts, you may want to donate some of those sets (and may be able to use that donation to reduce your taxes). 5. If you bought sets for personal use, then open them and build them. However, I find that if I wait just a month or two before doing that, sometimes I don't really want to build it anymore and I'll just hold on to it until I am ready to sell. If after waiting, I still want to build it, then I do. 6. If you are buying sets to build, try to buy them used when you can. Why pay the premium for a new set when you are just going to open it anyway? 7. I have done the bulk buy, sort, assemble sets, and sell thing. I enjoy the sorting and sometimes the selling is good, but sometimes it's a pain. Just make sure you are buying quality bulk that doesn't have a bunch of mega bloks and crappy sets in it. And know what sets are worth the time to reassemble and what sets are not. Hope that helps!

Get a storage unit and a bank line of credit...problem solved Sent from my VS995 using Brickpicker Forum mobile app

best advice, return it all. leave this website, never come back, and forget about Lego investing... move on to more secure investments....

$123 and change

Well, I actually think I like the strategy in the short term. In fact I’ve been thinking of trying to sell some of my old Classic Space sets that are all in good shape. Don’t have any boxes and none of them are worth a whole lot but they’re all complete and rebuilt recently and 100% profit. What I’m averse to is having a huge pile of unopened boxes in my living room and debt on a CC. I’m not averse to sorting and building and reselling. Now if I could just get BrickLink to open my store...

75192 @ S@H shop.lego.com/en-US/Millennium-Falcon-75192

High profits? Yes - But, if someone is quickly overwhelmed by having new & sealed sets, accumulating bulk lots would likely not end well.

That is good advice and is exactly how I started 12 years ago. If you have free time, that is one of the easiest ways to make money selling Lego. It is also one of the most time intensive given how much time you have to dedicate to sorting, but is a fairly easy way to make pretty high margins.

All right, @calmdahn. I recommend reading the following: @Phil B does an excellent intro and foray into LEGO Reselling. It's lengthy but worthy of wisdom. For a follow up, I recommend my own recent posting: I'm in a similar boat in terms of market, being in the Northeast as well as not having an Amazon FBA account and relying on other online means. Just breathe and read!

So things are not as bad as you make out because there is hardly 500 USD of stock in the photo and the rest was for personal build, right? I´d return all SH girls apart from the Dorms, the beetle as it is too soon, the Batman and other Super Heroes and the nexo. Keep the X wing Elves and Architecture but try to sell now. The modular can stay if it is 50% off as you can flip that and the mixels make a good freebie. Brickheadz too or return.

OK so customers services have confirmed that both my AROC and Falcon are green. They've had a busy morning but they should be set to 'In warehouse' early this afternoon. I'm still not getting my hopes up.

Yeah, they are just working out which reseller scum´s order of 10 to cancel so as to send you one.

I'm pretty new to this and I've spent around £1000 on Lego in the last month but I've paid with cash and I have 30 day receipts for some and 90 day receipts for others and I'm constantly evaluating the stock I've bought. I took a few items back in my very early days once I'd started to learn which sets would be desirable. I am 100% sure that if I ever needed that money back I could list all my stock at RRP and sell it pretty quickly if I need to get out and no lose any money. I've sold about 5 sets on Facebook and am starting to list on ebay now too as some of the stock I have has started to sell significantly above RRP. I've invested in mixture of quick flip sets and long term hold sets usually at around 30% off As others have said, take your time, start slow. Even the experienced people on here will lose money on certain sets but they can absorb the hits because they've got larger inventory's to fall back on and their winner sets will cover any loses. If something has not sold in the shops at 70% off, why would they seek out to buy it from you at 30% off to RRP price? Good luck with it all but I'd take that lot back and re-evaluate. There's some really nice people on here who will help you out I'm sure.

I believe money can be made on any set, but some take more time or make much less. Some of us are happy with $5-10 profit while others have higher expectations. There's a lot of personal preferences involved. I've been one of those happy with a few bucks here and there, but am still slow to learn that a lot of it isn't worth my time (like @Clintonjoseph is saying). It's still more fun than the day job, but it's not enough to replace it. Truly worst case, I don't see how you couldn't at least break even, so I wouldn't sweat it unless you're needing the money back asap.

If I am seeing correctly you have a White House in there. Those will sell fast if can list with amazon. Even on eBay should do fine. The brickheads in my opinion are garbage. Great gifts but I personally want nothing to do with them. I have bought many many sets over the years and have only lost on a few. The problem you have is time. If paid cash no big deal but since you do the credit card (unless paying it off right away) you are eating big into your profits. Figure out which sets you can sell ASAP and get some return and return the rest. Trust me there will will be many sets that go on sale and tons of winners ahead. You don’t need to jump all in with a hope and a prayer it works.

Does it reassure you that some spent more than that today?

I’ll do I! Sending you a PM

Suck on that @Alpinemaps!

Lego Classic Sand Base Plate - $4.00 (60% off) at Amazon (no limit?)

Sea Cow rocketed up to $450 after eol only to fall after a few months. Hopefully Simpsons can maintain trajectory. Still I already sold one and may dump a few more, just keep a pair for the long haul. Nice to get the quick turnaround.

340 USD FBA now.

Now that we have the leaked pic of the horror that is the "Kessel Run" MF... what is the thought for 75105? Can this hit 200? They sold for that when Force Awakens came out and LEGO Shop at Home and everywhere else was sold out. Has it really been that overproduced? I should probably say that I think it has a chance of hitting 200 fairly soon. I wouldn't be surprised if by this summer that was the going rate. I also wouldn't be surprised to see it linger at 130.

Controlled spending . Easy to get caught up with 50%+ off. In that case buy 2-3 only. Until you start to get a feel for what should sell well EOL. Depending on what your interest rate on the CC is, you may want to return some of the excess and keep some of the sets with the most potential. Chalk it up to learning. Don’t let your ego get in the way . Just be careful returning too much at a time, Target may ban you from returns in the future.

Thanks - Missed that.

I believe any online shop must accept returns in 14 days under EU law (cooling off period) whether they accept them on ebay or not. 99% off people won´t know about it and just accept no returns means no returns. https://europa.eu/youreurope/citizens/consumers/shopping/guarantees-returns/index_en.htm If you bought a good or a service online or outside of a shop (by telephone, mail order, from a door-to-door salesperson), you also have the right to cancel and return your order within 14 days, for any reason and with no justification.

Order confirmation is an autoreply. You need to check order status on SAH and see wha it says there. If it say awaiting stock you are rubber ducked. If it is in warehouse then you get a Banderas GIF for free.

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Let´s face it, if all valued customers were the sharpest knives in the set, we´d be struggling to sell anything. We rely a lot on misinformed, rich, lazy, capricious or high/drunk people to do business.

Physically fits well but the styling sticks out like a sore thumb next to the Town Hall.

How do people feel about the new Bionicle? I've parted a bunch of sets I got on clearance. I decided to build one instead of parting out. I might be hooked. Any speculation on sets that are likely to do well from new Bionicle?