Selling cards was not something I thought of as I collect cards. But then I realize that that could help out collecting more cards that I really desire. Im about to start selling on ebay and it's pretty exciting. Thanks for the video.
Bro your videos are HIGHLY valuable to me. Im building up major inventory over the next year and im also doing a LOT of research into how to do this right and god damn u got some FANTASTIC tips
Perfect video! I was just thinking about selling a few cards to fund growing my collection! I was just wondering how to go about feedback on a new store. Personally I don’t trust sellers with high quality cards with no feedback and I’d expect people would be wary of me as well since I won’t have any feedback.
Bundles are a great way to start. Your costs are lower and you can sell cheaper because of this (making it more attractive to buyers). Don't try to sell your valuable cards right away as you will find your reputation holds you back. These will likely go unsold or you will have to sell for below the going rate. Building reputation should be priority number one, and this can be boosted by buying off others. To avoid being scammed, i list things over the goinh rate with "accepting offers". This means my item will get ignored by a lot if people, but allows me to be selective with who i sell to (i have declined good offers because i didn't trust the buyers).
My strategy on my eBay account has been to start off with lower value cards. I can sell these to build up my reputation as a seller and it isn’t a huge loss if someone tries to scam me. Edit: lol just realized my comment was basically exactly what Pokemon Classics already said -_-
I'm getting back into collecting and follow your channel religiously. Thank you so much for this information! I would like to set up an exclusive Pokemon card shop within 5 years and I was wondering if you can do a video on how to set up or go about a Pokemon card shop business while also having an online presence?
The market is saturated with those and profit margins are getting slimmer by the day. Pokemon only likely wouldn't be enough to keep a business afloat unless you have a ton of capital and are just doing it for fun.
After this year, eBay will submit to IRS for any sales over 600 bucks total, which is a huge annoyance. Having an LLC at this point will be a must or a new seller will be slapped with a 30% tax unexpectedly for their sales. It's why most people do not have a store currently and will not if they are just hobbyists. Sadly, I will probably slow down my sales because having an LLC is not worth my time or cost when filing. It's kind of sad really that I'm being slowed down by this when all I want to do is sell to collect more.
I addressed taxes towards the end of the video. Technically, you have to pay taxes regardless of how much you sell . . . now the IRS will be monitoring though. Having said that, it's not as bad as it sounds. The 30% is only on profits, meaning you can deduct your cost of goods (purchase price) and business expenses from your sales. I'm not a CPA, but that's my understanding.
@@pokemon_classics that’s all true but for someone like us, it seems unfair to pay 30% on a vintage card when there is no deduction, especially when you want an equal value card. I don’t think a deduction applies unless treated as a business too unless I’m mistaken. It’s a lot of hassle regardless and annoying as heck.
I'm 5 months in. Sold 5k of my DragonBall cards from 22 years ago and didn't even think about taxes. Overall it's a loss because I spent a good 10k back then but no idea how to explain that. Going to have to find a very patient with noobs CPA😅
Just sent in a card a month ago hoping it comes back a ten as it sold for over 11k at one of those auction sites. Thing I don't like about ebay is all the filling out one has to do just to list a card makes no sense to me unless they make money from shipping costs. What do you think is my best bet for max value on the card?
I have like 3 binders full of pokemon cards all in mint/near mint condition but it's to much effort to list all of them and I tried doing lots but seems like most buyers would rather just buy singles.
Great tips on selling. I would be interested in seeing a more in depth video regarding taxes and if you have created an LLC to get the maximum benefits and deductions when preparing your taxes.
Hey I have a question that I hope someone here might be able to answer. I have a minccino that say tail whap. Is that a misprint? I've googled it a bunch but found no definitive answer. I think its a tail slap misprint, any answers are appreciated.
2 роки тому
Checked out your store! Do you ever plan to sell any raw cards or are you pretty much just selling PSA graded cards?
eBay is a great place for buyers, but not always for sellers. Just be careful, and know that risks exist for every business. Remember that deceitful people buy on eBay and have tricked eBay into false claims which sellers lose money or product in the past. Be safe and take caution with any kind of business transactions you do on the internet more so than you would in-person.
I’ve been selling cards on eBay for the last year or so and it’s been great so far, though I limit my sales to mostly lower value items. I don’t currently have the eBay store subscription and I don’t know if even the cheapest 4.95/month option makes sense if the sale fees are the same as what I’m already paying. Is there a real benefit to using this cheapest subscription with eBay over not using any subscription at all?
MY POKEMON OFFICE TOUR: ua-cam.com/video/HcQ8y4pRimA/v-deo.html
This video is a certified hood classic
Selling cards was not something I thought of as I collect cards. But then I realize that that could help out collecting more cards that I really desire.
Im about to start selling on ebay and it's pretty exciting.
Thanks for the video.
Bro your videos are HIGHLY valuable to me. Im building up major inventory over the next year and im also doing a LOT of research into how to do this right and god damn u got some FANTASTIC tips
I knew i recognized you from your blading channel. I used to watch that a bunch. Good to see you in multiple hobby categories man!
Skating is my biggest passion, but Pokemon is a really close second. Glad to see you here!
Came for the info, committed at the intro song! Great info! Subscribed!
I'm starting down the path of opening up a LCS, LGS as a 45 year old retired veteran.
excellent content Pokemon Classics. I shattered that thumbs up on your video. Keep on up the awesome work.
Thanks for this video man. Really appreciate your content and your genuine love of the hobby. Keep it up dude.
Eclectic yet not overwhelming. A truly electric video to jolt me towards a store of my own! Thanks a ton
Always so much value in your vids ❤🎉
Love this! You have inspired me to level up my eBay store🙏🏼
what do you usually put for the height dimension for bubble mailers?
That’s what I wanna know
If you print your own thermal labels, ups offers free ones. There's videos on how to do it, will save you some $
That’s a great point. I know a lot of high volume sellers do this and save quite a bit over the course of a year.
Perfect video! I was just thinking about selling a few cards to fund growing my collection! I was just wondering how to go about feedback on a new store. Personally I don’t trust sellers with high quality cards with no feedback and I’d expect people would be wary of me as well since I won’t have any feedback.
Best thing to do is to start small with some lower value items and build some feedback and experience. Then slowly scale-up as you are comfortable.
Bundles are a great way to start. Your costs are lower and you can sell cheaper because of this (making it more attractive to buyers).
Don't try to sell your valuable cards right away as you will find your reputation holds you back. These will likely go unsold or you will have to sell for below the going rate.
Building reputation should be priority number one, and this can be boosted by buying off others.
To avoid being scammed, i list things over the goinh rate with "accepting offers". This means my item will get ignored by a lot if people, but allows me to be selective with who i sell to (i have declined good offers because i didn't trust the buyers).
My strategy on my eBay account has been to start off with lower value cards. I can sell these to build up my reputation as a seller and it isn’t a huge loss if someone tries to scam me.
Edit: lol just realized my comment was basically exactly what Pokemon Classics already said -_-
@@thawhiteazn always better to get extra opinions, even if they agree with previous ones 👍
I'm getting back into collecting and follow your channel religiously. Thank you so much for this information! I would like to set up an exclusive Pokemon card shop within 5 years and I was wondering if you can do a video on how to set up or go about a Pokemon card shop business while also having an online presence?
The market is saturated with those and profit margins are getting slimmer by the day. Pokemon only likely wouldn't be enough to keep a business afloat unless you have a ton of capital and are just doing it for fun.
@steven pringle check out card n all gaming for content on that
It kind of seems like it's really hard to make a profit on selling cards on ebay, between the sales tax when buying and the fees when selling.
Shipping as well
After this year, eBay will submit to IRS for any sales over 600 bucks total, which is a huge annoyance. Having an LLC at this point will be a must or a new seller will be slapped with a 30% tax unexpectedly for their sales. It's why most people do not have a store currently and will not if they are just hobbyists. Sadly, I will probably slow down my sales because having an LLC is not worth my time or cost when filing. It's kind of sad really that I'm being slowed down by this when all I want to do is sell to collect more.
I addressed taxes towards the end of the video. Technically, you have to pay taxes regardless of how much you sell . . . now the IRS will be monitoring though. Having said that, it's not as bad as it sounds. The 30% is only on profits, meaning you can deduct your cost of goods (purchase price) and business expenses from your sales. I'm not a CPA, but that's my understanding.
@@pokemon_classics that’s all true but for someone like us, it seems unfair to pay 30% on a vintage card when there is no deduction, especially when you want an equal value card. I don’t think a deduction applies unless treated as a business too unless I’m mistaken. It’s a lot of hassle regardless and annoying as heck.
I'm 5 months in. Sold 5k of my DragonBall cards from 22 years ago and didn't even think about taxes. Overall it's a loss because I spent a good 10k back then but no idea how to explain that. Going to have to find a very patient with noobs CPA😅
What would be a good alternative to eBay if any?
Just sent in a card a month ago hoping it comes back a ten as it sold for over 11k at one of those auction sites. Thing I don't like about ebay is all the filling out one has to do just to list a card makes no sense to me unless they make money from shipping costs. What do you think is my best bet for max value on the card?
I have like 3 binders full of pokemon cards all in mint/near mint condition but it's to much effort to list all of them and I tried doing lots but seems like most buyers would rather just buy singles.
Thanks for sharing this info. 💯
Great tips on selling. I would be interested in seeing a more in depth video regarding taxes and if you have created an LLC to get the maximum benefits and deductions when preparing your taxes.
Very educational video thank you
This channel has helped me so much.
Hey I have a question that I hope someone here might be able to answer. I have a minccino that say tail whap. Is that a misprint? I've googled it a bunch but found no definitive answer. I think its a tail slap misprint, any answers are appreciated.
Checked out your store! Do you ever plan to sell any raw cards or are you pretty much just selling PSA graded cards?
What do you mean by “grading the cards yourself”? Do you mean sending your own cards in to get graded or literally grading them yourself?
Sending raw cards to a company to get graded (rather than buying already graded or submitting to a middle-man service).
What are rock hards?
Its quite good but aussie buyers are a bit stingy some times.
I'm in it for the long game. Im about that slow nickle
Hey great video bud how can I comunícate with u I have no social media I would like to do some trading
eBay is a great place for buyers, but not always for sellers. Just be careful, and know that risks exist for every business. Remember that deceitful people buy on eBay and have tricked eBay into false claims which sellers lose money or product in the past. Be safe and take caution with any kind of business transactions you do on the internet more so than you would in-person.
Facts. I sell on eBay. And I go through this all the time.
I’ve been selling cards on eBay for the last year or so and it’s been great so far, though I limit my sales to mostly lower value items. I don’t currently have the eBay store subscription and I don’t know if even the cheapest 4.95/month option makes sense if the sale fees are the same as what I’m already paying. Is there a real benefit to using this cheapest subscription with eBay over not using any subscription at all?
Like it nice vid bro
No sell on community groups instead you will do 10x better
Gold
❤️🙏
Thanks for the video!
100th like 😎
Thanks