Excellent Content! I’m new to COMC and your educational video is so helpful! I don’t know what to do with non rc cards worth about $1. Great video. Thank you!
400th 👍 like here! 🎉🎉🎉 Lol... Thanks so much for these videos. Your explanations are very helpful. Really respect that you'll talk about the reality of sales. Ups and downs. Could you do a vid of actually going through a sell? And details of fees, profits, and or losses, with transactions? Thanks again! 🖖
I love this series, thanks for sharing! I know COMC is finally working on an app. That would be a game changer if it works well. It's a pain using the current web version on a phone.
Still waiting for my “snowball” effect. Maybe an idea for your next video could be your COMC buying strategy. Do you search recently added, highest percentage off, port sales?
Hey RGL, I found this video super interesting however I am in Australia, would you still recommend the comc route? Logistically I don’t know if I would be able to see a significant ROI if I had to ship cards back and forth from the states to Australia. I’m not sure or aware if there is a similar platform here for me other than eBay but it would appear the appeal in comc is this virtual bank and storage system that allows you to buy and sell. I’d like to know your thoughts if you have the time to share.
Correct. Everything done on the site is considered "like-kind" trading until you cash out. Similar tax situation to how you don't get taxed on the trade in portion when buying a new vehicle.
How does ComC handle sales for income tax for their sellers? Specifically, at what point do they trigger a 1099, assuming it’s triggered by the same threshold as all others ($600), but with cash out requests only (since your store credit is technically a ComC entity you pay sales tax on to obtain). Just wanted to know, have never seen a clear explanation of how to plan that piece. Thanks and absolutely love the ComC content!!
I don't know if anything has changed since I left in 2020 (because I never cash out), but in the past it was 100% on you to report your own sales. I have to imagine they would do a 1099 now with the new payment laws. If you never cash out, you never receive documentation, because selling on the website is seen as 'like-kind' trading. So for example, if you sell 600 cards for $2000 total, and buy a $2000 slab and then sell it locally for cash, there is no paper trail for them to report.
@@RunGoodLife ah yes of course, cash tells no tales lol That is how I always saw ComC, just a marketplace/exchange and not an income engine (until the cash out process) And yeah it’s probably PayPal that’d report it if in excess of $600, with whatever other transactions are coming in. Cool, thanks!
You only buy the cards from COMC then resell them on there? Do you have to resend them to your account to be uploaded? Or will they transfer them for free?
Really like the idea of being able to submit 100-500 2-3 dollar cards and build up to buy/flip bigger cards. My question is, since I'm not very familiar with COMC, when you want to "buy" a card, is there a way to add it to your sell inventory immediately? As opposed to having it shipped
It’s not that easy. I’ve submitted thiusands of five dollar cards and no sales. They started selling at fifty cents. Comc is where you send cards to sell for fifty cents no matter the value. I buy cards on comc for fifty cents send them to myself and sell on my eBay store for 5 10 20 dollars. I bought Grier rookie autos on comc for ten dollars and sold them for a hundred each on my eBay. Comc is trash to sell on.
Facts , it is easy but it does take a lotttt of time he’s not telling you one aspect which is how much time he’s invested daily I guarantee you he’s probably spending 4-5 maybe even 6 hours daily looking at Comc
You can comfortably price out about 200-300 cards per hour. Sometimes more. In terms of finding cards to flip, I have COMC up in a third monitor. If I'm working on my PC, I have COMC open, refreshing in it's own monitor. Every half a minute or so I glance up at the new cards, if there's something I like, I buy it. I would estimate, I spend *maybe* 6-8 hours a week on COMC.
@@RunGoodLife I tried Comc it was definitely a great service to use , I just think like you said I sent in way too many cards that were 3-5 dollar cards and didn’t realize they devalued to like 50 cents lol 😂
Do you just take photos and make a listing like a personal ebay listing or do you send comc all the cards and you put price tags on them and the do the listing , pics , etc ? I have a lot of base hall of famers in basketball that are probably in that $2 -$10 range. Would these be good to list through comc . One of my favorite videos RGL
All this guy is doing is bragging and it’s a train wreck. How doesn’t anybody see that. He’s not informing anybody on how to flip cards he is just bragging about how much he has made which is none of anyone’s business but his own. Very unprofessional if you ask me
Those tutorials are already on the channel. Nobody who buys and resells cards in this industry will ever show you all their math. I tell the world everything because even if I tell you what types of cards to flip, it takes years/decades of experience to really get a feel for the value of cards you don’t see every day. You need to look at what’s being presented to you beyond the surface level. I just showed you flips on cards you’ve never thought about flipping. Observe those cards, remember those cards, and try to flip some similar cards. The amount of info presented in my comc videos is something I could easily charge for if I was that kind of creator. Your takeaway from this video was too surface level
These videos are never boring it’s just great info. i would defiantly consider doing this just with the bulk of numbered or holo stuff
Great videos, I never collected WWE until I started watching your channel. Keep up the great work.
#INFLUENCED!
are you "collecting" or "investing" cuz no one needs to show you something exists if you really like it
Would be great to have a weekly or bi-weekly COMC update video. Awesome content man! Love COMC
Yea I need to do this man. I’ve got hella cards I just need to get rid of!
Appreciate the card selling info,RGL killin it!!
Love the COMC videos!
Excellent Content! I’m new to COMC and your educational video is so helpful! I don’t know what to do with non rc cards worth about $1. Great video. Thank you!
I keep kicking myself for not sending in some...I have a lot of cards to sell. Thanks for the update
400th 👍 like here! 🎉🎉🎉 Lol...
Thanks so much for these videos. Your explanations are very helpful. Really respect that you'll talk about the reality of sales. Ups and downs. Could you do a vid of actually going through a sell? And details of fees, profits, and or losses, with transactions? Thanks again! 🖖
This. This. This. Thank you for making this content!
Thanks for the comc info RGL always enjoy watching these!
🔥 I needed to see this video... Thank you RGL Bro
Great video, thanks for sharing! Love ur channel!!!
Awesome content once again.
I need to get to your level of COMCness great video
You already see this video before cause you said great video as soon as it was posted , lol
@@centerhillcards lol I commented while I was watching it
I just hate the cash out fee is 10% and top they charge to upload and a process fee when it sells. Wish the would reduce fees….
Yea fees are outrageous sadly
King RGL !
RGL, You continue to amaze me!! I might need a Road Trip!!
Great Video RGL!
Good insight,,Keep up the great content!
Very smart buddy❤
Does comc automatically list to ebay?
Helpful video. Thanks.
You da man, Run Good!
I love this series, thanks for sharing! I know COMC is finally working on an app. That would be a game changer if it works well. It's a pain using the current web version on a phone.
the app is terrible. the desktop or phone version is much more user friendly.
Still waiting for my “snowball” effect. Maybe an idea for your next video could be your COMC buying strategy. Do you search recently added, highest percentage off, port sales?
Awesome thanks 🍀🤘
How do we find your cards on Comc? If we'd want to buy
I’m just so jealous of your hobby knowledge. I appreciate these videos but they definitely make me feel super small time haha
This is the good stuff!!!!!!!!!!!!
Hey RGL, I found this video super interesting however I am in Australia, would you still recommend the comc route? Logistically I don’t know if I would be able to see a significant ROI if I had to ship cards back and forth from the states to Australia. I’m not sure or aware if there is a similar platform here for me other than eBay but it would appear the appeal in comc is this virtual bank and storage system that allows you to buy and sell. I’d like to know your thoughts if you have the time to share.
Great video. I am thinking of dipping my toe into the COMC store. Do taxes (W9) as income not come into play until someone cashes out?
Correct. Everything done on the site is considered "like-kind" trading until you cash out. Similar tax situation to how you don't get taxed on the trade in portion when buying a new vehicle.
❤🔥
How does ComC handle sales for income tax for their sellers? Specifically, at what point do they trigger a 1099, assuming it’s triggered by the same threshold as all others ($600), but with cash out requests only (since your store credit is technically a ComC entity you pay sales tax on to obtain). Just wanted to know, have never seen a clear explanation of how to plan that piece.
Thanks and absolutely love the ComC content!!
I don't know if anything has changed since I left in 2020 (because I never cash out), but in the past it was 100% on you to report your own sales. I have to imagine they would do a 1099 now with the new payment laws.
If you never cash out, you never receive documentation, because selling on the website is seen as 'like-kind' trading. So for example, if you sell 600 cards for $2000 total, and buy a $2000 slab and then sell it locally for cash, there is no paper trail for them to report.
@@RunGoodLife ah yes of course, cash tells no tales lol
That is how I always saw ComC, just a marketplace/exchange and not an income engine (until the cash out process)
And yeah it’s probably PayPal that’d report it if in excess of $600, with whatever other transactions are coming in.
Cool, thanks!
You only buy the cards from COMC then resell them on there?
Do you have to resend them to your account to be uploaded? Or will they transfer them for free?
They did Mitch so wrong with that High School style glamour shot lol
Really like the idea of being able to submit 100-500 2-3 dollar cards and build up to buy/flip bigger cards.
My question is, since I'm not very familiar with COMC, when you want to "buy" a card, is there a way to add it to your sell inventory immediately? As opposed to having it shipped
Yes, you need to be logged into an account, and purchase it with store credit.
It’s not that easy. I’ve submitted thiusands of five dollar cards and no sales. They started selling at fifty cents. Comc is where you send cards to sell for fifty cents no matter the value. I buy cards on comc for fifty cents send them to myself and sell on my eBay store for 5 10 20 dollars. I bought Grier rookie autos on comc for ten dollars and sold them for a hundred each on my eBay. Comc is trash to sell on.
Hey RGL, do you think there's money to be made on NASCAR cards?
No, but it's damn fun to rip.
Gonna have to give this a shot. Seems like u have to have too much free time tho. How much did you profit tho?
Facts , it is easy but it does take a lotttt of time he’s not telling you one aspect which is how much time he’s invested daily I guarantee you he’s probably spending 4-5 maybe even 6 hours daily looking at Comc
@@hockeyfan9456 that was gonna be my initial comment. How much time he puts in daily
You can comfortably price out about 200-300 cards per hour. Sometimes more.
In terms of finding cards to flip, I have COMC up in a third monitor. If I'm working on my PC, I have COMC open, refreshing in it's own monitor. Every half a minute or so I glance up at the new cards, if there's something I like, I buy it.
I would estimate, I spend *maybe* 6-8 hours a week on COMC.
@@RunGoodLife I tried Comc it was definitely a great service to use , I just think like you said I sent in way too many cards that were 3-5 dollar cards and didn’t realize they devalued to like 50 cents lol 😂
Do you just take photos and make a listing like a personal ebay listing or do you send comc all the cards and you put price tags on them and the do the listing , pics , etc ? I have a lot of base hall of famers in basketball that are probably in that $2 -$10 range. Would these be good to list through comc . One of my favorite videos RGL
First for what it's worth !
You got a sticker😂
@@codymac4474 is a sticker the same as a participation trophy ? lol
@@centerhillcards yes, sir lol 😂 this was a great video?
Yo bro thiis is better than hitting Vernon carey
I thought it was $0.50 to submit to COMC?
50 cents through their 16 week service. $1 through the 2 week service. Time is money in my opinion.
85k in 2020 yeesh
I'm one of those guys that just buys cards and have them laying around. I only pc the best stuff.
I think you are confusing Chris Fleury with Theo Fleury. Chris never played a game in the NHL.
All this guy is doing is bragging and it’s a train wreck. How doesn’t anybody see that. He’s not informing anybody on how to flip cards he is just bragging about how much he has made which is none of anyone’s business but his own. Very unprofessional if you ask me
Those tutorials are already on the channel. Nobody who buys and resells cards in this industry will ever show you all their math. I tell the world everything because even if I tell you what types of cards to flip, it takes years/decades of experience to really get a feel for the value of cards you don’t see every day.
You need to look at what’s being presented to you beyond the surface level. I just showed you flips on cards you’ve never thought about flipping. Observe those cards, remember those cards, and try to flip some similar cards.
The amount of info presented in my comc videos is something I could easily charge for if I was that kind of creator. Your takeaway from this video was too surface level
I guess you just felt like being a dick today.