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He Said This Was a Horrible Waste of Money!
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- เผยแพร่เมื่อ 1 ส.ค. 2024
- Was Stickygoose right? Or did he make a mistake?
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I appreciate you making this video! New sub here
Thanks man! I appreciate how many of your videos provoke a lot of thoughts and discussion
This class act of a post impressed me so much I went over to Sticky's channel and hit the sub button. Thanks Wahoo, for the referral!
So let me get this straight you said he sold for $35 and made a $10 profit well how is that it cost $25 plus shipping and shipping it back and it's time to press the books and then time to sell the books I don't see making a profit maybe breaking even at best so stickyGoose had a valid point
Thanks for watching and commenting! For the book in question, it was one of two books from a 25 book submission that came back much lower than he expected (some flaws on the inside were missed when looking over the books, which happens to the best of us from time to time - and, unfortunately, the bigger wins were not highlighted in the video I'm responding to). If Jacob had realized it was going to come back in the 7s, rather than the 9s, I'm guessing he might not have submitted this book for the reasons you mentioned. But, even in this less than ideal scenario, he still made a small profit, so my belief is that it is incorrect to term his situation as a "horrible waste of money" where he comes off looking like a sucker. Part of submitting and reselling is understanding you're not going to hit it big on every item. There is risk involved. Otherwise, everyone would do it. But, when your worst case scenarios still keep you in the black, then I think you're doing okay for yourself.
I slab the books I want to keep. Just let people collect how and what they want.
Totally agree! And, I love your desire to preserve your silver age books
Great video. I really had no idea who Sticky was talking about. But i definitely get something from both points of view. I do not have a following of people to sell books to or a whatnot, IG following, etc. I really dont have time for any of that. So i have to have discernment for what i choose to grade, and have done very well, but I'm extremely picky with what raw books i buy and what makes the cut for grading. This hobby is expensive enough has it is for me, so I want to maximize my ROI, so low gradesnon super overprinted modern books doesn't work for my model. I also see your point of view that sometimes what we see isn't exactly the entire story or situation. I think both points are valid. Personal value is subjective to the individual.
Thanks for the insightful comment! My personal collecting philosophy/habits sound pretty close to yours. And, I agree that Sticky did make some good/important points (that I'm just trying to balance out, haha). Thanks again!
Great video! I saw Jacob's video and guilty of making mental judgements, especially when I see those McFarlane books in the dollar bins. It's nice to have this perspective. I saw a IG seller pricing books at head scratching prices because the books are in NM. I kind of stood back and said. Free market. He can price it how he wants, he's selling his brand too, and I can scroll away/spend my money elsewhere - no keyboard gangsterism needed.
I am not into slabs at all. Live and let live would be my weasel response. Have a great week!
Thanks man! Yep, totally agree with live and let live. Whether we wanna keep all our books raw, or slab everything, let all of us do what brings us joy, and then be happy for other collectors finding joy in however they collect. Thanks again!
A buddy of mine says this all the time "Don't yuck other peoples yums"
That's a great way to put it! Heck, maybe I should do a video just on that!
Great video. It’s not a waste of money if you want to slab a book that you really like. It’s nice holding a slab or displaying them they look nice. If it’s what you like and it’s your property then do what you like with your book is how I feel. I’ve gotten and will get more books slabbed that are not big money books. To each their own I say. Thanks for sharing another great insightful video. Have a great weekend. Be well. -Dave 🤙
Thanks man, and I totally agree with your thoughts! I'm glad that you get slabs that will bring you joy, even if they're not always big money books :)
Great + valid pionts. At 66 years young, I'm still reading comics, although mostly on-line, but I still enjoy them. On-line I can read the ones I missed out on when I was younger. Enjoy comics whatever way you want to!
Thanks! Reading comics online is such a great way to access tons of them at little to no cost. And, yep, engage with comics in the way that brings you joy!
I love your ability to self reflect in the comic collecting hobby. It’s a great strength!
Thanks man! Those are really encouraging words
Thanks for standing up for me I'm not into drama like stickygoose. 🤣
You're welcome! I appreciate our friendship
Keep up the hard work man. You are always a great example of hard work and a great example in the community!
Preach it brother! Great counter argument- you’re a thinker, my friend! I think you’re both right and agree, for a long term investment it’s probably not wise strategy But as you astutely pointed out, your friend is able to quickly flip them for a small profit to someone that it will bring intrinsic joy! Did you ever play Duck Duck Sticky Goose growing up? Good collecting 👍❤️
Thanks man! I do my best, lol. I always appreciate your comments and support! And, I'm going to have to add Duck Duck Sticky Goose to the list, haha
I wouldn’t let cgc grade my homework
I think a lot of people feel that way, haha! Thanks for watching and commenting
@@wahoocomics no problem
Jacob is definitely a grinder. I don't know if he ever sleeps! He is always hard at work.
For sure! Whenever I log onto IG, I'm more surprised if he *isn't* doing a live sale, lol
Great points. I kind of feel like you can waste money on NCBD. For the money I'm saving by not buying new comics I prefer to buy comics i want in my PC. But everyone collects and enjoys the hobby differently. You can buy a book today at what you call Fair Market Value and a year from now the price could be half the value. To some extent you can say you wasted your money. As long as you buy what you enjoy or collect that's all that matters. I've seen James Mint Hunter Comics have bad grades come back on books he felt were 9.8s. It happens. 🤷♂️
Thanks! Yes, as long as you are getting joy from what you buy, then you are winning. And, like you are saying, lots of aspects of the hobby are unpredictable, so it's easy to make "mistakes"
Collect how and what you like, is the rule I follow.
Totally agree! If it brings joy to you, it's a winner!
Jacob basically SCAMMED the person that bought that UNSELLABLE slab. People trust him, and they obviously should not.
But what if they're not looking to sell it? And, how is it a scam if the customers literally have all the information that they need to make a decision on whether or not the slab is worth the money to them? There is no hidden information nor is Jacob claiming that the books will be profitable. But, some people just like slabbed books at low prices that present well (the one in the video had an unnoticed inside stain, so it presents as a high grade book).
Good message. 🎉
Thanks man! I appreciate it
You do realize there's still shipping fees to and from CGC and to whoever you ship the book to you sell it to. $35 is not a profit my friend that is a loss. Even if the buyer pays the FULL amount of shipping (which is rare with the recent price hikes in shipping) you still have to factor in the materials to ship it safe and securely and your time you took to actually work on the book and any fees on the platform you sold it on not to mention the PayPal fees or whatever money transfer service you're using. The $35 example is a terrible one and incomplete math on true profit from a sale. Sorry but this is all truth and you are very incorrect in that $35 statement being a profit.
1. I have sold hundreds of comic books and the buyer has ALWAYS paid the full amount of shipping plus the cost of materials (also materials like boxes, bubble wrap, etc. from packages received can often be resused at no cost). Some sellers can also make money on shipping and handling, especially if they charge standard postal rates, but then buy discounted shipping at places like pirateship.com. 2. Selling on Instagram live = 0 fees 3. Worse case scenario on Paypal fees for a $35 purchase is about a $1, but repeat customers will often pay Friends and Family since trust - and friendship - has been established, which has 0 fees. 4. If you submit at least 25 books at a time (which my friend does), the shipping costs to and from CGC are spread out to be about $4/book, but about $2.50 of that is offset by the discount you get on submission fees if you are a CGC member. 5. With the shipping back and forth from CGC is factored in, true profit is closer to $8, but I'm just using round numbers in the video to give a basic idea and so that I don't have to take time to go through all this information. 6. You are correct in that time is a real cost, but that is balanced by the fact that A. most of us are doing this as a hobby, so any income earned on our time can be considered a bonus and B. the $8 profit is the floor, but profit for all the books submitted averages out to be much greater. Regardless, my point wasn't that my friend made an incredible profit, but that he didn't horribly waste his money. Thanks for watching and the comment.
You literally just proved my point for me on how it's not a profit. You're trying to say reused shipping materials, hoping for a customer to do friends and family, Instagram is the ONLY platform you can use, your leaving out the cost of the CGC membership cost, plus all of that is not factoring in what was paid for the original book itself. Listen I'm not against ppl collecting how they want to collect and if slabbing certain books that are personal for them is what brings them enjoyment then by all means they should do that. My comment was your misrepresentation of how it was at least a $10 profit and that is not even close to factual. All the things you tried to back up your claim in your rebuttal were a stretch and in alot of cases if ppl are reselling a book they had slabbed for $35 it's not a good business practice and will be like a hamster running on it's wheel. I'm not against ppl collecting however they find enjoyment and I definitely want to reiterate that point. I just think you trying to put out such a strong statement that a $35 slab book sale is still a good profit because that is a gross negligent misrepresentation of a sound decision on resale for a slabbed book.
@@darrickforsberg8510 I was specifically talking about my friend's situation and even said that he was only able to get to the point to where he could make a profit because of his hard work in building up a customer base beforehand, which limits his risk when a book does not come back with the expected grade. Not everyone can do it nor am I encouraging anyone to try. But, my friend was said to have horribly wasted his money, and I am making the point that he did not horribly waste his money (even just breaking even would not be a "horrible" waste of money imo), and that I think we need to be careful about making value judgments on someone's decisions when we do not have all the information about their circumstances. This was not a "how to make money selling comics" video.
I don't understand why people seem to get so bent out of shape by criticism in today's world. That was clearly a poor choice to send books like that to be graded. It was plainly, if they were for resale purposes. We ALL make mistakes and to learn from those mistakes is a valuable thing. That's the real point, taking a loss and admitting a poor choice is OKAY. To try and sugar coat it could only possibly encourage them to make those same mistakes. Acknowledge it learn from it and make better decisions in the future. We're all human and mistakes are inevitable it's okay but I'm the friend that will encourage and support a friend by saying "that sucks Bud but hey what did we learn from this?" "How can we do this better." Sorry I think that's a bad take on how you're trying to play this off as it's okay to sell $35 slabs.
@darrickforsberg8510 I still think you misunderstand much of what I am saying, but I don't think we'll get anywhere exchanging more comments here, so this will be my last one. Perhaps one day I'll make a video addressing some of your points where I can develop my response more fully than I can through a few sentences. Thanks for your feedback.
Great video bro 👍
Thanks man! I appreciate it
I'm newer to being back in collecting comics. I get excited when I get Elric, Rom, Micronauts, and Vintage D&D comics. They are just worthless dollar bin books that most collectors don't care about which is awesome for me because I can get them for reasonable prices.
Novice that I am, I think funny books can be a small part of an investment portfolio ... but generally not a really good investment group for most rationale people. Still it's a great form of art and entertainment that can fund itself with smart buying and a lot of work.
I'm sure my wonderful Elric, Rom, Micronauts, and D&D comics will be worth millions any day now. I need to update my dating profile to note I have an extensive comic book investment portfolio!!!!
You are going to have ladies knocking on your door if you do that, lol. Seriously, though, I've also picked up a bunch of Rom and Micronauts in dollar bins. I grew up in the 80s so love books from that era as they give me all the nostalgia.
Also, good thoughts on the investibility of comics. Something like the S&P 500 is generally going to be a better investment for most people, but you can still get the hobby to fund itself while having a lot of fun with a little work.
Good video. You are right on a lot of points. Everyone should do what they want with their books. Was Sticky right?..... I'll keep my opinion to myself.....You know what Mama always said.......
Thanks man! Yep, we should collect in whatever ways bring us joy...Prefer to keep your books raw? Great! Want to get them slabbed? Great!...etc, etc.
Jacob is not a sucker. He made a profit period. The buyers are not suckers either. They are true comic book collectors who just want an issue for their personal collections. I'm a collector who loves comic books. I don't see them for their financial value alone. Sure, it's cool to hear something you own has increased in value but my excitement is completing a run of a favorite series. I'm a fan of Sticky goose but I don't always agree with everything he says but I respect his opinion. I value all of the various opinions that make our community so much fun to be in. All of your opinions have value to me as well. Now people who spend a ton of money on Do You Pooh books well I don't expected that investment to end well in the next few years.
I wish I could heart this 100 times. I agree with everything you said and also think the different opinions make this hobby much more fun. And, yep, gotta beware on the Do You Pooh books, lol. Thanks for watching and leaving such a well thought out comment!
Right on bro bro
Thanks man! I appreciate it!
Very cool to see 😂😂😂
Thank you!
🦾🤖 Awesome Video Thanks For Uploading and Sharing your Thoughts 💭
Thanks! I appreciate the support!
Im with Sticky, grading a dollar book that is CLEARLY not even close to a 9.8 is a waste of time/money regardless if he makes a profit on it or not because you are spending like 30x just on the case for a dollar book, it's a complete waste of time and resources and makes several parties look like fools. And if people are really excited just getting a slab over getting a book they like that they can actually read it's just really sad to get excited over a $30 piece of clear plastic.
On the book in question, from what I understand, there was an inside stain that was missed when deciding whether or not to submit it (23 out of 25 books came back in the 9s). It might not have been submitted otherwise. But, even in that pretty much worse case scenario, there was still a profit to be made. Part of submitting and reselling is understanding you're not going to hit it big on every item. There is risk involved. Otherwise, everyone would do it. And, I would never consider something people get excited about to be sad. Thanks for watching and commenting.
Interesting discussion, to say the least. My question then would be "would he have made more money if he had sold it raw?" It's a question of profit margins. Let's hypothetically say that you spend $5 to acquire a book and then spend $25 to slab it ($30 total) and then sell it for $35; you made a $5 profit with a 16.67% profit margin. But if you take that same $5 acquisition and sell it raw for only $7, yes, you only made $2 but with a much stronger 40% profit margin. A narrow win isn't necessarily a win if you're bypassing the opportunity for a larger win. (If not familiar, this is known as "opportunity cost.") That same $30 that you put into the one book to make $5 could have been put into six $5 books that, flipped for $7 each, would have netted you $12 total profit instead of $5 total profit.
Great question, and I totally agree with your points, and I'm sure Jacob would as well. For the book in question, it was one of two books from a 25 book submission that came back much lower than he expected (some flaws were missed when looking over the books, which happens to the best of us from time to time - and, unfortunately, the bigger wins were not highlighted in the video I'm responding to). If he had realized it was going to come back in the 7s, rather than the 9s, I'm guessing he might not have submitted this book for the reasons you mentioned. But, even in this less than ideal scenario, he still made a small profit, so my belief is that it is incorrect to term his situation as a "horrible waste of money" where he comes off looking like a sucker. But, there are certainly things we all can do better at in order to improve our wins. Of course, there's also a lot more context to this situation than one video can provide, lol. And, although I'm totally onboard with your points, something to consider in your example is the time cost for flipping six books compared to one book. Thanks for the thoughtful comment!
How about shipping and online fees? it's definitely not free to ship a slab
@@ScarecrOmega Good question. Buyer pays shipping. And, I'm not sure if Jacob does this or not, but shipping is actually an area where you can increase your profit margins, because you can charge standard postal rates, but then buy discount shipping through places like pirateshipping.com. In fact, platforms like ebay automatically charge the buyer standard shipping and then offer the seller discounted postage. As far as online fees go, there are none for Instagram sales. And, repeat customers will often pay through fee-free avenues since trust has been built and they don't need buyer protection.
Sticky Goose is an opinionated collector.
Yes he is, lol. Thanks for watching and commenting!
Sticky Goose is a TH-camr with a channel to sell trying to maximize profits. He might also be an opinionated collector.
@lukeorloki He has a very good understanding of how to sell his channel. I think many people miss that is what he is doing.
Everyone should realize these pieces of paper are not woth the prices. It's all silly and we're all suckers.
Thanks for watching and commenting! While I agree that we can get too silly about comics (especially when we allow the hobby to negatively affect our emotions) and overvalue them, I don't quite agree that we're all just suckers as I do believe there is real value in these pieces of paper (at least in the short term) just like there is real value in diamonds even though they are just stones (obviously, diamonds have more value, but I hope you get my point), because our community has assigned value to them. Thanks again!
Cant stand sticky goose he is a negative Nancy all the time
That goose can definitely ruffle feathers, haha. Thanks for watching!