(Not sure if this is the right place for this. Apologies if it's not.)

 

 

The Investor Phase:

 

If you have savings, a decent job and a credit card that you don't need to pay off for a year, it's VERY VERY EASY to do this part.  You just check various places every day for deals and buy buy buy!!!   The lack of space in my house caused by stored Lego and my large credit card bill (0% interest until this October) are testament to this!

 

Like most BrickPickers I'm aware of, my approach was generally to buy on 30% discount or more and get at least one of each set for my personal collection and then multiples of sets I thought would do well at EOL.  Despite not really being a very organised person, I spent a fair amount of time logging all my sets and where they are stored, in anticipation for the day I start to sell them.  I have about 1000 sets, ranging from the small ones up to SSD (one of).  which isn't including minifigures and polybags.

 

 

The Turning Point:

 

I left my well-paid day job a couple of weeks ago (not by choice) and am going to try to be self-employed instead.  With no steady income and possibly needing to downsize our house, and the credit card to pay off in October, I NEED to start selling the Lego for cash and space.  If only I'd just left all the money in a savings account!  Ah well!

 

 

The Seller Phase:

 

About 3 weeks ago, I sold my first set (on eBay).  Since then, I've sold another 11 on eBay (10 posted and 1 sold this morning).  Total money back in my pocket is about

Yeah thats why I built a building to store em all............LOL

7 hours ago, Gondorian said:

I guess 300 sets in 3 years is not considered enough to be a business seller.  I also go long periods with nothing on there and it's never in multiples when they are on there. Maybe that's the kind of thing they look for, I don't know.

I sold only 93 sets on eBay in 2016 and was forced to become a business seller. I think I was grassed up by competitors. I'm done with eBay for now as they also rip you off on invoices. Check your monthy invoices and you may see it being about 10% higher than it should be. An eBay business seller is a dreadful deal, don't do it if asked ;-)

Stocks and shares seem a lot less risky than LEGO these days as you need no storage, no packing, no shipping, no post office queues, no mint boxes, no QFLLs & no huge fees. That's where my £20K ISA allowance has gone this year ;-) When I did this last in 2012, I made about 12%, far better than LEGO at the time and I wish I'd stuck with it.

Yes, I've now sold all my Tower Bridges and VW Campers at about a 15% loss as I was just so fed up of seeing all those big boxes doing nothing! Pet Shops are going this Saturday for £95 each - break even.

The bubble burst a long time ago and is NOT reinflating, it's game over unless you are lucky enough to spot the very rare gems which is nearly impossible now.

Edited April 6, 20178 yr by TabbyBoy