April 16, 201411 yr For those in the community that have a regular job/kids/other responisibilities how do you schedule time to keep the wheels of your hobby turning. Lego in Lego out. Do you schedule to sell one set per day, two sets? Only list on Sundays? Write up your listings during the week and Schedule listings for Sundays. Who hosts your images? Brickpicker or another resource? Looking for what has worked for others in this wonderful world of Lego. From the input I will generate my own Standard Operating Procedures. I have been buying buying buying. My inventory has been expanding and my little room is overflowing. Typically I sell a few sets here and there as needed to pay off debt accrued from buying. I do not have any kind of rhythm or method - S.O.P., like setting a specific percentage price target. Say once I can clear 30-50-100% or a specific CARG on a set it is time to sell. Setting standards may help take the emotion out of the decision. What can I say...I really like Lego.
June 23, 201411 yr I'm new to this game too. I'm more looking to reduce the cost of this expensive hobby than make huge profits (which I wouldn't complain about either). I am also a family man with a full time job looking to do this part time. Other than Craigslist, are there any other recommendations on where to sell your lego? Also any recommendations on quick flips and long term sets?
June 23, 201411 yr I'm new to this game too. I'm more looking to reduce the cost of this expensive hobby than make huge profits (which I wouldn't complain about either). I am also a family man with a full time job looking to do this part time. Other than Craigslist, are there any other recommendations on where to sell your lego? Also any recommendations on quick flips and long term sets? Where to sell in general? Brick Classifieds. Long term, I'd go for BrickLink, short term/quick flip go for eBay. BrickLink will probably get a better return, on eBay, inventory moves faster.
June 23, 201411 yr Author Sell full time .. you can thank me later. What kind of inventory numbers do you have to keep the wheels turning? Do you combine the many aspects of profitable Lego selling: Bulk Lots, Parting out new sets, flipping and typical buy and hold resale? I would suspect if your initial inventory is substantial enough to grow while returning enough to pay your current wage then yeah it is worth it. I don't think my inventory is quite there yet. Based on my own rudamentary calculations I am about a year or more out before the Lego machine becomes self sustaining. By that I mean the inventory grows/appreciates enought to return a living wage while continuing to expand in value. If this gets big enough to switch to a full time business (I am close) I will need better books to keep track of all the additional expenses for deductions minimizing Taxation as much as law allows.
August 20, 201411 yr What about Brickowl are the selling fees truly 2.5%? Other than that bricklink would have the lowest selling fees?
August 20, 201411 yr What sites are people Using to sell Lego? Not ebay tho is there any other good sites out there with cheap fees thanks There are 2 facebook sites you could try - "Lego for sale/swap/wanted UK" and "The Lego buy/sell/trade group UK and Europe."
August 20, 201411 yr If this gets big enough to switch to a full time business (I am close) I will need better books to keep track of all the additional expenses for deductions minimizing Taxation as much as law allows. Just keep in mind if you sell on ebay or amazon you are a guest in their sandbox and they can axe you at any time for any reason they wish. Always have a backup plan.
August 20, 201411 yr Yeah but what site do you sell on? You must be using a cheap site in order to be making money?
August 20, 201411 yr Word of mouth as helped me shift over 1000 since Easter. I have a school nearby and a resident's association that spreads the word for me. I'll be done with Lego "investing" by the end of this year and will just work on my personal collection as I still love the product. Too much work for meagre reward and it's no longer worth my while. What sets give me buyer's remorse? All of them if I'm brutally honest! I make far more selling bike components as buyers don't care if the box has a tiny scratch or not.
For those in the community that have a regular job/kids/other responisibilities how do you schedule time to keep the wheels of your hobby turning.
Lego in Lego out.
Do you schedule to sell one set per day, two sets? Only list on Sundays? Write up your listings during the week and Schedule listings for Sundays.
Who hosts your images? Brickpicker or another resource?
Looking for what has worked for others in this wonderful world of Lego. From the input I will generate my own Standard Operating Procedures.
I have been buying buying buying.
My inventory has been expanding and my little room is overflowing.
Typically I sell a few sets here and there as needed to pay off debt accrued from buying.
I do not have any kind of rhythm or method - S.O.P., like setting a specific percentage price target.
Say once I can clear 30-50-100% or a specific CARG on a set it is time to sell. Setting standards may help take the emotion out of the decision.
What can I say...I really like Lego.