I think you paid a fair price. I own a shop and appreciate you breaking it down for everyone to see the work that goes into processing a large collection.
Being a dealer that was active during the 90's comic boom/bust, I can affirm that you've got it right!! Especially factoring in the opportunity to do what you love!! KUDOS!!
Great to see the reality behind this haul as it’s not just a steal of a deal. A lot goes into moving this volume for sure. You’d probably need to finish going through the rest of the haul before you can fairly determine what size of GC to give the seller. Who knows, maybe the rest is junk? Probably not, or maybe there’s even better gems to be found…
You simultaneously make this endeavor look smooth and exhausting 😂, but worth it! Maybe an extra 500 bucks his way for the kickback? Idk though, it is a ton of work and the amount you make from it seems even in the exchange. Although, I know you’ll prolly do something very nice for the seller as you are thus far the mother Teresa of comics. 🤙🏻
There's someone local to me selling 32 long boxes for $3200. If I had the money, I would go for it and start selling on Whatnot. Looking forward to the Whatnot fireside chat coming up.
I'd buy that collection, but only because it was well cared for. And I wouldn't give the seller more than a $100 gift, considering the work it takes to sell them all. Cool that you're considering it, tho.
Great breakdown. I've bought a big collection in the past and ended up getting the keys out and then moving the rest to an LCS and worked out a trade for a "key" book.
I was listening to this driving into work, but did you mention growing your community by selling at solid prices? I know that's hard to put a value on, but as a seller, that's a massive impact on your business as well!!! Awesome video!!!
I think it’s a healthy operation. It needs to be scaled up to see real big boy money. Look at areas where you can boast numbers such as selling on whatnot…can you cut better seller rates/can you sell better etc.
Great breakdown. Too many people do not consider the time and related costs (gas, boards and bags, grading, etc.) involved in buying a collection. I am going to pick up (I hope, I need to check that the books are as described) a small collection this afternoon. It involves a two hour drive each way, buying lunch for a guy friend who's going with me (so that, as an older female, I'm less likely to be robbed and murdered by the seller,) getting the books prepped (deciding what is worth grading, clean and press, cgc fees,) and then actually selling or trading the books. For me, this is part of the fun of collecting, I do it only a couple of times per year, but it is a sh*t ton of work with no guarantee of the outcome. You describe the reality of picking up a collection really well. Thanks so much for sharing your knowledge.
Its fine to spend tons of time and money moving these large quantities of low value stuff if at the same time you have some high value books to move easily for more profit.
I’ve sold about eight things on eBay, and I will never ever ever ever ever ever ever do it again. You deserve all the profits because you’re putting in all the work. I would say a nice 10% cut of the profit would be perfect for the seller
That’s great but the way prices continue to drop it’s still a gamble sitting on the other boxes. My sales have come to a screeching halt luckily raws aren’t dropping as bad as slabs. My goodness I’m so broke non stop buying steals.
I think enough $ for a nice meal for the seller and wife/family would be a nice gesture. But that could be quite expensive including the tip since I’ve seen how generous you are to the pizza delivery girl.
Really neat to see the breakdown on this. I do think you are undervaluing your time. What makes it interesting is for a smaller flipper or investor the value could be greater based on their skill set. Because of your skill set I would be curious what you could put out in slabs and higher end collections versus this one to determine value/profit for time spent.
Considering it could take about 1 month worth of total attention to move the entire collection (if it's the only thing you focused on), I would reasonably subtract another $2,000 for rent/overhead costs - leaving a remainder of ~$5,000. Then subtract taxes, and you're left with ~$4,000. 10% of $4,000 = $400. I would gift the original seller with something valued at around $400.
From a business perspective, the price is fair. The risk reward for someone like yourself who has already built up the resources to move them makes it an okay deal. For someone starting out, they would need a larger spread.
Bry, just the fact you are asking us about what you SHOULD do for the seller after you bought and hauled the loot yourself is why you are the man. BTW, I have an offer of $110 each for any of those long boxes you dont feel like sorting. Lol. Stay classy! 🔥
this BTS info is really eye opening. I think $100/box was a good deal for you, but also a good deal for the seller. If the collection were mine, I know I wouldn't have the time or resources to sell it on my own, so it seems a win-win for both parties.
We live in a capitalistic country, so I have no problem with the profit. Personally, I don't think you have to do anything for the seller, so anything you offer him is nice.
This video was great. It actually has value for me in a different way; my family always complains about how expensive some restaurants are OK most restaurants. I will be using this to show them that it’s not just the food we are paying for, it’s the employees, the electricity, And everything else that goes into getting the food that is eventually served to us. Just like you have all this overhead, so two does going out to eat. On a sidenote, I think it would be cool if you gave them a nice gift card to some really nice restaurant that he had. His wife can go out and enjoy themselves. Even if the other boxes don’t have great books in them, you still came out ahead. You have some great book comics that you could put out at any Connick show and sell them for anywhere from a dollar to five dollars each and do very well.
Hello Bry! Enjoyed the video! I would recommend a $1000 tip to your seller. This may seem like a lot but clearly the seller didn't know the value of the raw comics. Looks like he just wanted to sell the entire collection and was willing to take a low price/box. That's just under $60/box. I'm sure if the seller said he would sell the raw books for $160/box you still would have jumped on it. Also, doing this would be great PR for your business. Word gets around. You would more than make up this tip by the new collections that would be coming your way.
Would I do this? Heck yeah! I love flipping through and seeing those gems. That’s so much fun. As for what to do for the seller…I’m sure you know his favourite characters, so why not give a decent graded book back along with a dinner gift card. Adds value but does not add cost for you. And he gets a good memory/ book. Just a thought.
I don’t intend on selling comics for a living, but as a means to an end to help me acquire my personal grails and improve my pc. So, if buying all those long boxes would help me achieve said goals, I’d definitely do it!
I keep grappling with the whole Whatnot thing and will be interested to watch your Fireside Chat. I've been following you for I guess around a year now and believe you were pretty new to that platform when I first started following. I recall you having some brutal shows when you had fewer than 50 people in your room and am curious about how you were able to endure that time. Did you consider the abundant giveaways you provide in your number-crunching? Whatever you're doing and despite the actuality of the math, you seem to be doing something right so, kudos on your ongoing success.
You always have great videos - I totally like how you break everything down! I have a fairly big collection im looking to get but not sure if what they are asking is the correct price or not... would you be able to shed some light?
@@BrysComics Oh yeah I agree with that 100%. There is a LOT more going on than just buying a collection and reselling without figuring in hidden costs/returns/fee's etc.
Behind the scenes cost are the most well hidden secret on the different yard sale, thrift and collectible sales channels. Thanks for pointing it out. I think $100 a long box is fair because you know what it is going to take and its important to micro-down those costs. Also Hello Marcus.
Good return on your investment. You need to calculate your overhead costs, like rent & utilities, to a per unit allocation, like every every sale costs 50 cents. Once established, it can be very useful to make sure you're making a profit. Also factor in the time value of money. It's all about cash flow. This was very insightful.
Very insightful! I think you're also under-rating the other significant cost of having a brick and mortar location - it can't be cheap! That being said, it's very helpful if you really enjoy what you're doing, which you really can't put a price on.
Time is the biggest aspect of this that people over look. I learned that the hard way when I first became a business owner. But I think it’s worth it especially if you enjoy doing it. As far as a kickback, I think 15% would be a good deal whether it’s a gift card or cash
I think it’s worth it provided you’re turning a profit and meeting your obligations. I also think it depends on the person/business on what you’re comfortable taking on. I need to ask. Where’d you get the Schrute hoodie?
Based on the margin its good 40 or percent. The issue you will die if you count on that 7k to get you through more than a couple of weeks. So you have to be doing back to back and parallel deals like this to really grow. You forgot taxes so your 7k is likely to be anywhere from 5600.00 to 4900.00 in profit
That’s a whole lot of work for a relatively low ROI. As long as you are having fun with this side of the business too then it is totally worth it. A comparison of ROI on graded collections with an eye on the labor and time would be revealing. For myself, going through the raw book collections to find the gems for grading and then selling everything else on What Not would be too much work as a side gig. If my business were to buy and sell comics then buying ungraded collections makes good sense.
Yes it’s a verrrrrry fair price . I’d send the guy an extra $20 per box . Most $100 long boxes don’t come with 1st app of Silk that’s a prescreen 9.8 candidate without needing to be pressed… those were some really nice Boxes.. kudos to you for actually giving something back to the guy.. 👍
You multi-count 1 time costs like travel, uhaul, and undercount the number of boxes, it would be X 5.6 etc so your margin will be better. That said, I think he made the offer and you earned the ability to move this quantity of books by starting a successful business, so good on you. I’d just buy them a solid gift card to the best restaurant in town maybe 250-500.
Great sight, Bry. See you at your insta show.
Great information
Never seen a video like this, thank you. It was a cool video
Very informative
This is definitely important details that everybody should know about running a business.
A good video explaining the amount of work involved in the "hobby". As jobs go, it's a fun one to have.
Ah…yes. Realized vs. “Potential” gains = BIG DIFFERENCE. Keep grinding bro!✌️
Love all the behind the scenes stuff Bry....keep 'em coming.
I would do it over and over again! Give the man a gift card for a nice supper with his wife. Great video as always
Never would i make that purchase unless it was for my PC.
This was a really good video. I’m trying to learn as much as I can about the business side of comics, and this video laid out a good plan to start.
I appreciate your transparency instead of puffing up the profit!
Very precise information. You'll do alright on this, thanks for sharing!
You paid a fair price
Love those spiderman books 📚
I think you paid a fair price. I own a shop and appreciate you breaking it down for everyone to see the work that goes into processing a large collection.
Awesome vid! Can't wait to see any follow ups!
Being a dealer that was active during the 90's comic boom/bust, I can affirm that you've got it right!! Especially factoring in the opportunity to do what you love!! KUDOS!!
Great to see the reality behind this haul as it’s not just a steal of a deal. A lot goes into moving this volume for sure. You’d probably need to finish going through the rest of the haul before you can fairly determine what size of GC to give the seller. Who knows, maybe the rest is junk? Probably not, or maybe there’s even better gems to be found…
$100 a long box is a reasonable deal, you never know what titles or condition they'll be in.
This is a labor of love, plain and simple. Thank you for the transparency.
Anotha one! Tnx for the breakdown!
Another interesting video! Thanks for the content
500 will cover a big fancy dinner with family. the math works out to as if you paid 129.50 per box.
Seems like a good number to me too 👍
Thanks for all the details Bry.
I would definitely do it it's not easy work but if I had the time and money I wouldn't hesitate
This was interesting to watch and get behind the numbers
Man very dissing lol but cool non the less. Love it!
Really great video. I enjoyed the business point of view
Very enlightening. It’s fair compensation in my opinion on both sides. A free thank you slab of one of his book of a 200-300$ is good karma.
I need some of those Spider-Man issues. Everytime I say I’m going to retire from collecting I see vids like this that pull me back in
Love the ig sales!
It all sounds very reasonable to me. Thanks for showing us some of the real life work and costs behind a business like this.
I agree with the $20 additional per long box.
You simultaneously make this endeavor look smooth and exhausting 😂, but worth it! Maybe an extra 500 bucks his way for the kickback? Idk though, it is a ton of work and the amount you make from it seems even in the exchange. Although, I know you’ll prolly do something very nice for the seller as you are thus far the mother Teresa of comics. 🤙🏻
😂😂
I really enjoy your informative videos. It gives me a realistic idea on potential profit.
There's someone local to me selling 32 long boxes for $3200. If I had the money, I would go for it and start selling on Whatnot. Looking forward to the Whatnot fireside chat coming up.
I'd buy that collection, but only because it was well cared for. And I wouldn't give the seller more than a $100 gift, considering the work it takes to sell them all. Cool that you're considering it, tho.
More breakdowns like this please! This was very informative and my favorite video of yours yet. Your transparency is why i appreciate your channel.
Great deal on the books! I think 10% would be fair.
Great breakdown. I've bought a big collection in the past and ended up getting the keys out and then moving the rest to an LCS and worked out a trade for a "key" book.
That breakdown was very informative. Thx 👍
Appreciate the update on this collection. I'd say $100/ long box is fair due to all the work and hours it's going to take to go through.
Thanks for these kinds of videos. I'm dabbling in this business and trying to decide if it's for me or not. This is helpful.
I'd totally pay the 100/box. I'd say a 200 gift card for a decent restaurant would be great. Maybe more depending on final tally.
I would absolutely pay $100 a box. It would be fun for me. I would keep most all of them.
I was listening to this driving into work, but did you mention growing your community by selling at solid prices? I know that's hard to put a value on, but as a seller, that's a massive impact on your business as well!!! Awesome video!!!
I think it’s a healthy operation. It needs to be scaled up to see real big boy money. Look at areas where you can boast numbers such as selling on whatnot…can you cut better seller rates/can you sell better etc.
Great breakdown. Too many people do not consider the time and related costs (gas, boards and bags, grading, etc.) involved in buying a collection. I am going to pick up (I hope, I need to check that the books are as described) a small collection this afternoon. It involves a two hour drive each way, buying lunch for a guy friend who's going with me (so that, as an older female, I'm less likely to be robbed and murdered by the seller,) getting the books prepped (deciding what is worth grading, clean and press, cgc fees,) and then actually selling or trading the books. For me, this is part of the fun of collecting, I do it only a couple of times per year, but it is a sh*t ton of work with no guarantee of the outcome. You describe the reality of picking up a collection really well. Thanks so much for sharing your knowledge.
This was a really interesting video and breakdown!
Win! Win for Bry
Its fine to spend tons of time and money moving these large quantities of low value stuff if at the same time you have some high value books to move easily for more profit.
I’ve sold about eight things on eBay, and I will never ever ever ever ever ever ever do it again. You deserve all the profits because you’re putting in all the work.
I would say a nice 10% cut of the profit would be perfect for the seller
I'd send dude 500-1000, unless the rest of the boxes don't match the first 3 quality wise
Interesting to see the totals, thanks for taking the time to organize all that info!
Awesome stuff Bry, nice breakdown
That’s great but the way prices continue to drop it’s still a gamble sitting on the other boxes. My sales have come to a screeching halt luckily raws aren’t dropping as bad as slabs. My goodness I’m so broke non stop buying steals.
Great video Bry!
I think enough $ for a nice meal for the seller and wife/family would be a nice gesture. But that could be quite expensive including the tip since I’ve seen how generous you are to the pizza delivery girl.
Unrelated to the video, that hoodie you have is SICK
Really neat to see the breakdown on this. I do think you are undervaluing your time. What makes it interesting is for a smaller flipper or investor the value could be greater based on their skill set. Because of your skill set I would be curious what you could put out in slabs and higher end collections versus this one to determine value/profit for time spent.
I think knowing you and being a good fair a person Maybe another $50 a Box so another $800 to the guy
Sweet informative vid, thank you.
Really enjoy the content
I think the risk factor for buying, carrying, grading, and selling these books makes the profit worth it.
Considering it could take about 1 month worth of total attention to move the entire collection (if it's the only thing you focused on), I would reasonably subtract another $2,000 for rent/overhead costs - leaving a remainder of ~$5,000.
Then subtract taxes, and you're left with ~$4,000.
10% of $4,000 = $400.
I would gift the original seller with something valued at around $400.
From a business perspective, the price is fair. The risk reward for someone like yourself who has already built up the resources to move them makes it an okay deal. For someone starting out, they would need a larger spread.
Bry, just the fact you are asking us about what you SHOULD do for the seller after you bought and hauled the loot yourself is why you are the man. BTW, I have an offer of $110 each for any of those long boxes you dont feel like sorting. Lol. Stay classy! 🔥
How do you know when to go buy a long box of books, what if it's already been cherry picked at your left with just dollar books?
this BTS info is really eye opening. I think $100/box was a good deal for you, but also a good deal for the seller. If the collection were mine, I know I wouldn't have the time or resources to sell it on my own, so it seems a win-win for both parties.
We live in a capitalistic country, so I have no problem with the profit. Personally, I don't think you have to do anything for the seller, so anything you offer him is nice.
A 200 dollar gift card and a thank letter would be all I ask for.
This video was great. It actually has value for me in a different way; my family always complains about how expensive some restaurants are OK most restaurants. I will be using this to show them that it’s not just the food we are paying for, it’s the employees, the electricity, And everything else that goes into getting the food that is eventually served to us. Just like you have all this overhead, so two does going out to eat. On a sidenote, I think it would be cool if you gave them a nice gift card to some really nice restaurant that he had. His wife can go out and enjoy themselves. Even if the other boxes don’t have great books in them, you still came out ahead. You have some great book comics that you could put out at any Connick show and sell them for anywhere from a dollar to five dollars each and do very well.
Gaaaahh I've been waiting for the triumphant return to Ig and I'm gonna be in north bumblefuck that night 😤 hoping to make part of the sale
😫
$50 gift card would be sufficient in my opinion.
W9w! Great breakdown for those looking at doing this professionally or wanting to understand your pricing.
This was a great buy for you. I would give him a $200 gift card for a nice restaurant and call it a win on both sides.
That weight you feel is called running a business. It will never go away. Great video.
Hello Bry! Enjoyed the video! I would recommend a $1000 tip to your seller. This may seem like a lot but clearly the seller didn't know the value of the raw comics. Looks like he just wanted to sell the entire collection and was willing to take a low price/box. That's just under $60/box. I'm sure if the seller said he would sell the raw books for $160/box you still would have jumped on it. Also, doing this would be great PR for your business. Word gets around. You would more than make up this tip by the new collections that would be coming your way.
$1000 is insane.
I think $100/long is a pretty fair price, and I have been dealing comics for over 2 decades.
Whoa man, I'm from Santa Rosa, CA. I live out in AZ now. But this has got me wondering if you bought this collection from anyone that I knew.
Would I do this? Heck yeah! I love flipping through and seeing those gems. That’s so much fun. As for what to do for the seller…I’m sure you know his favourite characters, so why not give a decent graded book back along with a dinner gift card. Adds value but does not add cost for you. And he gets a good memory/ book. Just a thought.
I don’t intend on selling comics for a living, but as a means to an end to help me acquire my personal grails and improve my pc. So, if buying all those long boxes would help me achieve said goals, I’d definitely do it!
I see you…keep those hours per below 40 so the leeches don’t cut into margins with OT
Lmao, it wasn’t a single week 🤦♂️
@@BrysComics a likely story lol
I keep grappling with the whole Whatnot thing and will be interested to watch your Fireside Chat. I've been following you for I guess around a year now and believe you were pretty new to that platform when I first started following. I recall you having some brutal shows when you had fewer than 50 people in your room and am curious about how you were able to endure that time. Did you consider the abundant giveaways you provide in your number-crunching? Whatever you're doing and despite the actuality of the math, you seem to be doing something right so, kudos on your ongoing success.
You always have great videos - I totally like how you break everything down! I have a fairly big collection im looking to get but not sure if what they are asking is the correct price or not... would you be able to shed some light?
I think this video series actually gives a really good idea of how much time is required and how much profit for some really good books…
@@BrysComics Oh yeah I agree with that 100%. There is a LOT more going on than just buying a collection and reselling without figuring in hidden costs/returns/fee's etc.
Behind the scenes cost are the most well hidden secret on the different yard sale, thrift and collectible sales channels. Thanks for pointing it out. I think $100 a long box is fair because you know what it is going to take and its important to micro-down those costs. Also Hello Marcus.
5-10% kickback.
Good return on your investment. You need to calculate your overhead costs, like rent & utilities, to a per unit allocation, like every every sale costs 50 cents. Once established, it can be very useful to make sure you're making a profit. Also factor in the time value of money. It's all about cash flow. This was very insightful.
Very good point, I love the per transaction cost idea 👍
Yes. I’d buy 17 Long boxes for $100 a box. 12:33
Very insightful! I think you're also under-rating the other significant cost of having a brick and mortar location - it can't be cheap! That being said, it's very helpful if you really enjoy what you're doing, which you really can't put a price on.
Time is the biggest aspect of this that people over look. I learned that the hard way when I first became a business owner.
But I think it’s worth it especially if you enjoy doing it. As far as a kickback, I think 15% would be a good deal whether it’s a gift card or cash
I'm not sure about profits. You seem to know how much you will go over, but you seem to have it all under control. Good stress, good vibes.
I think it’s worth it provided you’re turning a profit and meeting your obligations. I also think it depends on the person/business on what you’re comfortable taking on.
I need to ask. Where’d you get the Schrute hoodie?
I found it on an Instagram ad oddly enough lol
Good job you and your team
Then you get to pay taxes on that "profit"
Based on the margin its good 40 or percent. The issue you will die if you count on that 7k to get you through more than a couple of weeks. So you have to be doing back to back and parallel deals like this to really grow. You forgot taxes so your 7k is likely to be anywhere from 5600.00 to 4900.00 in profit
That’s a whole lot of work for a relatively low ROI. As long as you are having fun with this side of the business too then it is totally worth it. A comparison of ROI on graded collections with an eye on the labor and time would be revealing. For myself, going through the raw book collections to find the gems for grading and then selling everything else on What Not would be too much work as a side gig. If my business were to buy and sell comics then buying ungraded collections makes good sense.
Yes it’s a verrrrrry fair price . I’d send the guy an extra $20 per box . Most $100 long boxes don’t come with 1st app of Silk that’s a prescreen 9.8 candidate without needing to be pressed… those were some really nice Boxes.. kudos to you for actually giving something back to the guy.. 👍
You multi-count 1 time costs like travel, uhaul, and undercount the number of boxes, it would be X 5.6 etc so your margin will be better. That said, I think he made the offer and you earned the ability to move this quantity of books by starting a successful business, so good on you. I’d just buy them a solid gift card to the best restaurant in town maybe 250-500.