so in the tcg world, 50-60% makes sense from the overhead cost for sure. For someone w no major overhead cost, 70% can be a margin I can operate on. If I had a store and overhead cost, 60% is still fine but only on quality products. lower end stuff would be 50% or less. Ive had a few bad experiences over the years but thats the growing pains of a reseller. But if it wasnt for pokemon, yugioh and magic the gathering, I wouldnt have paid for college, my vehicles, and soon to be house. If you know what youre doing, it can be very profitable and a life style.
I’ve just re-started selling on tcgplayer mostly yugioh bulk, if you have any tips and would take to the time to talk with me I’d really appreciate it.
Thanks for sharing the horror stories of re selling. Most people don’t touch on this. It happens and there’s a lot of stuff that’s not worth the money or time.
really appreciate this content! I'm starting to get serious about video game reselling and your advice is good to take in! I've done a few bulk deals with friends from my church, and hope to move on to local people I can maybe find around town with Facebook or flyers!
1st Lesson beware of "I'll make it worth your time" aka be skeptical 2nd Lesson EVERYTHING HAS AN EXPIRATION DATE!!!! 3rd Lesson Don't always risk it for the biscuit 😅
01:55 - Lesson 1: Clarify your price or percentage FIRST 06:38 - Lesson 2: The sunk-cost fallacy will sink you 08:53 - Lesson 3: Risk should scale with experience
I can’t thank you enough for bringing me into the resell business. I started reselling shortly after binge watching your videos in early 2023. Since then I’ve learned many lessons in negotiating and business as a 15 year old but most importantly I’ve made really good profit.
He told you he would make it worth your while and you had that imprinted, you were dealing with someone who knew what they were doing. Appreciate the willingness to share the “lessons” rather than just all the wins 🙏
I'm guilty of falling "prey" to investing too much on a niche I was just dabbling my feet in, much like you on the makeup. I'm glad that you've brought it up to attention and hopefully it will save many people headaches.
This is very good advice. Wasting money and ESPECIALLY A LOT OF TIME on something that is either a break even affair, or at best a low profit endeavor is wreckage to your business and motivation. Especially the time, because you can't get that back.
I made almost the same exact mistakes and I started in 2008 when you could sell literally almost anything on Amazon before the bs gating stuff started. Plus with Amazon you got to walk a very tight line. My dad got kicked off and they kept his final payout.
I always thought sunk cost was an accounting term used to describe an purchase made for your business that you can’t accounting for since you were going to do it anyways. For example, you want to sell your house but your roof collapse. You have to fix your roof now, but you were going to have to do it anyways if you want to sell your house. Something like that, all I remember from my accounting class 😅😂
Great content and transparency here! I often struggle with going to a store/sale and having to get something even if the profit is small/not there. A lesson to learn for sure
I did the same thing on a much smaller scale on comics, I bought 3 boxes for $75 and I was like, man even if this averages out to like $1 a comic I'll be ahead, I sold $20 worth and still have them lol
Rough but honest and at a certain point we will all have deals like that where we think it's a great deal and after it's all said and done you realize the market shifted, or you should have done a bit more research, etc. The important part is to grow from the experience and not let it get you down.
Yeah I used to collect and sell comics and now I only sell video games. Comics are awful trying to sell. They sit for so long and unless they are very popular key issues they simply won’t sell. My rule of thumb is that unless it’s part of a big Spider-Man run or it’s a key issue and you are getting it below like 40% market then it’s simply not worth it.
Lesson learned Caleb. Won’t happen again. Very interesting when a person starts pushing something else on you. Geez, comics is a whole other ballgame. Yes, the shipping & handling doesn’t help with the cost. Yea, your time is worth a lot as well. OK Like I said before Lesson Learned.
I’ve been watching your videos for a few years now. I remember you buying over 300 copies of the ps4 game Don’t Starve. Did you ever sell all those copies? Or should that have been part of this video?? Just wanted an update.
These three rules are incredibly useful also for video game collecting. The sunk cost fallacy is something I have stumbled over by buying video games that I spent far too much on, because I "wanted it". Case and point a local seller was selling a copy of Ruiner for 60.00 EUR. They were still in negotiation with another buyer who wanted to do the deal outside of the normal channels. I decided I wouldn't wait, so I went on eBay and bought a copy of Ruiner for 60.00 USD + 20 shipping + 20 for taxes. So I spent about 100.00 USD for a 60 dollar game. Meanwhile the local seller's buyer deal fell through and asked if I still wanted Ruiner at 55.00 EUR. So in my case: A fool and their money are quick to part ways.
@@WickidMisfit Importing into the EU can cost up to 50% of the cost of the item. eBay calculates the taxes as part of the final purchase so I can skip the delay with customs upon entry into my country. It's why I ask friends coming from the U.S. to hand deliver me things from the U.S.
Comics is usually not a turn around sell. I have been comic collecting for about two decades and I don't plan to sell until i'm in my golden years at least. Longer you hold usually the money money you can get for them.
There’s a good example of Curiosity Inc. That bought a large storage unit worth of mint golden age comics for 55k CAD. They resold them via heritage auctions. Most of it they didn’t make money on.
“I did my research. I watched multiple UA-cam videos.”
❤😂
A fellow traveler.
Riff’s editing really shined through here! Great job 👏
so in the tcg world, 50-60% makes sense from the overhead cost for sure. For someone w no major overhead cost, 70% can be a margin I can operate on. If I had a store and overhead cost, 60% is still fine but only on quality products. lower end stuff would be 50% or less. Ive had a few bad experiences over the years but thats the growing pains of a reseller. But if it wasnt for pokemon, yugioh and magic the gathering, I wouldnt have paid for college, my vehicles, and soon to be house. If you know what youre doing, it can be very profitable and a life style.
I’ve just re-started selling on tcgplayer mostly yugioh bulk, if you have any tips and would take to the time to talk with me I’d really appreciate it.
@@miracle_flipperbuy envelopes, stamps, toploads and team bags in bulk.
Nah still too high.
Aim for 25% fire deals only
@danizard_tcg I ship all cards
@@Jameson11ink I wouldn’t recommend shipping with a toploader, card saver, or one of those little cardboard pouches.
Spanky 😂😂 "A LITTLE!!"
Thanks for being transparent and humble about your lessons. We all make mistakes as we learn how to run a reselling business.
Thanks for sharing the horror stories of re selling. Most people don’t touch on this. It happens and there’s a lot of stuff that’s not worth the money or time.
really appreciate this content! I'm starting to get serious about video game reselling and your advice is good to take in! I've done a few bulk deals with friends from my church, and hope to move on to local people I can maybe find around town with Facebook or flyers!
1st Lesson beware of "I'll make it worth your time" aka be skeptical
2nd Lesson EVERYTHING HAS AN EXPIRATION DATE!!!!
3rd Lesson Don't always risk it for the biscuit
😅
01:55 - Lesson 1: Clarify your price or percentage FIRST
06:38 - Lesson 2: The sunk-cost fallacy will sink you
08:53 - Lesson 3: Risk should scale with experience
We need a day in the life of spanky video
Thanks for theses videos, there educational and fun to watch.
As a new reseller, thanks for this video! Much appreciated, I'll take any lessons I can get
I can’t thank you enough for bringing me into the resell business. I started reselling shortly after binge watching your videos in early 2023. Since then I’ve learned many lessons in negotiating and business as a 15 year old but most importantly I’ve made really good profit.
He told you he would make it worth your while and you had that imprinted, you were dealing with someone who knew what they were doing. Appreciate the willingness to share the “lessons” rather than just all the wins 🙏
Sometimes we get by our emotions instead of thinking whats the best deal we could get
First thing I thought about when you started mentioning the makeup was it was expired…
There was a pawn shop on UA-cam who had the same experience…
I'm guilty of falling "prey" to investing too much on a niche I was just dabbling my feet in, much like you on the makeup. I'm glad that you've brought it up to attention and hopefully it will save many people headaches.
This is very good advice. Wasting money and ESPECIALLY A LOT OF TIME on something that is either a break even affair, or at best a low profit endeavor is wreckage to your business and motivation. Especially the time, because you can't get that back.
I made almost the same exact mistakes and I started in 2008 when you could sell literally almost anything on Amazon before the bs gating stuff started. Plus with Amazon you got to walk a very tight line. My dad got kicked off and they kept his final payout.
He just doesn't miss a beat!
🤣🤣🤣 love ginger guy in background proper howling at you
I always thought sunk cost was an accounting term used to describe an purchase made for your business that you can’t accounting for since you were going to do it anyways. For example, you want to sell your house but your roof collapse. You have to fix your roof now, but you were going to have to do it anyways if you want to sell your house. Something like that, all I remember from my accounting class 😅😂
Great content and transparency here! I often struggle with going to a store/sale and having to get something even if the profit is small/not there. A lesson to learn for sure
He basically wanted retail price even though he promised "to make it worth your while."
I did the same thing on a much smaller scale on comics, I bought 3 boxes for $75 and I was like, man even if this averages out to like $1 a comic I'll be ahead, I sold $20 worth and still have them lol
Oh something to add! That which you don't sell, still takes up space, which is lost money.
Feet photos when Caleb
Early on I bought 6 PS4s from someone. Met up with them paid them $500 for all of them. Got home and none of them worked
L
You should’ve known buying bulk consoles they would be broken
Haha been there. Plenty of honest bulk sellers out there but definitely lesson learned
Always test them first in person
Seriously well said man!
I really liked this type of video! Such a plethora of knowledge in red flags to watch out for.
When Im evaluating an opportunity the first thing I ask myself is how many people have said no before it got to me.
Rough but honest and at a certain point we will all have deals like that where we think it's a great deal and after it's all said and done you realize the market shifted, or you should have done a bit more research, etc. The important part is to grow from the experience and not let it get you down.
When life gives you lemonade make lemons, life will be all like what??!!
Informative as usual. Thank You :)
Yeah I used to collect and sell comics and now I only sell video games. Comics are awful trying to sell. They sit for so long and unless they are very popular key issues they simply won’t sell. My rule of thumb is that unless it’s part of a big Spider-Man run or it’s a key issue and you are getting it below like 40% market then it’s simply not worth it.
Lesson learned Caleb. Won’t happen again. Very interesting when a person starts pushing something else on you. Geez, comics is a whole other ballgame. Yes, the shipping & handling doesn’t help with the cost. Yea, your time is worth a lot as well. OK Like I said before Lesson Learned.
Great video love this kind of content
Next time if you have extra comics and you want to donate, the children's hospital is a great place to donate them. Just a thought.😊
Really like these videos, very informative and educational.
I’ve been watching your videos for a few years now. I remember you buying over 300 copies of the ps4 game Don’t Starve. Did you ever sell all those copies? Or should that have been part of this video?? Just wanted an update.
Great idea, I’ll have to take about that later!
It was not a good buy
Thanks for the info!
Very good lessons learned!
I Love You Video And Setup Phoenix ❤
Good tips for sure.
Spanky in the peanut gallery
These three rules are incredibly useful also for video game collecting.
The sunk cost fallacy is something I have stumbled over by buying video games that I spent far too much on, because I "wanted it". Case and point a local seller was selling a copy of Ruiner for 60.00 EUR. They were still in negotiation with another buyer who wanted to do the deal outside of the normal channels. I decided I wouldn't wait, so I went on eBay and bought a copy of Ruiner for 60.00 USD + 20 shipping + 20 for taxes. So I spent about 100.00 USD for a 60 dollar game. Meanwhile the local seller's buyer deal fell through and asked if I still wanted Ruiner at 55.00 EUR. So in my case: A fool and their money are quick to part ways.
How did you pay $20 in taxes on a $60 dollar item? Isn’t it more like $9.
@@WickidMisfit Importing into the EU can cost up to 50% of the cost of the item. eBay calculates the taxes as part of the final purchase so I can skip the delay with customs upon entry into my country. It's why I ask friends coming from the U.S. to hand deliver me things from the U.S.
@@laurigardner6227 Thanks for the reply
Ooo I love perfumes. Unfortunately, I like the good shit.
My favorite channel on youtube!
First mistake, BUYING PERFUME!!! 😂😂😂😂
When u mention overhead, you mention shipping costs. Why dont you make the buyer pay shipping?
Expired makeup does super well on eBay though!
this really helped thank you!
Knowing when NOT to buy is such a rough skill to learn
How do you handle scammers on Facebook? Do you only do in-person pick ups? Or do you get things shipped to you?
funny take away: perfume guy was just stealing makup and cologne from walgreens and didnt have the mental fortitude to list online lol
Seems like common sense
Good video Caleb.
Comics is usually not a turn around sell. I have been comic collecting for about two decades and I don't plan to sell until i'm in my golden years at least. Longer you hold usually the money money you can get for them.
There’s a good example of Curiosity Inc. That bought a large storage unit worth of mint golden age comics for 55k CAD. They resold them via heritage auctions. Most of it they didn’t make money on.
Hi from Tasmania
Another day another game
🔥
the goat is back😎😎😎😎
I love war stories
Jesus loves it when we are honest and I know he loves you have a blessed week man of God
Is Spanky legit your slave? I'm starting to get worried
perfumes wtf 🤣🤣 maybe the lesson is not to buy anything u dont know anything about 🤔🤔
Hi
only in ohio 0:45
Can’t wait for your last video.
Isn't expired makeup a safety hazard? You honestly shouldn't have sold any of it, or even donated it. It belongs in the trash.
First🎉