First thing to think about before opening a LGS is remembering WOTC doesn't want you to exist. Next would be the thought of how you feel lighting your money on fire. Last would be to go outside and play hide and go fook yourself
He’s not wrong I would hire some more employees get distribution from different companies Pokémon dbs tcg etc and have them list everything for you while you spend your time buying product from everywhere else
Your confessional videos may be your claim to fame, I've seen your subscribers grow since your commander masters fiasco. We all are rooting for you to crawl back out of it!
Thanks for being willing enough to show off how difficult it can be through this difficult season in your life. Not an easy thing, but appreciated for sure!
Damn dude, as someone who is only a few months into this journey this was great video to listen to. While busting my ass for ten hours at work in a hot warehouse and wanting a way out I realized the only way is through. Went home told my wife about my plan to work every possible overtime shift for the next year to pay off our debt. I’ve been very careful and selective to pick up some stock here and there on DEEP discount that’ll hopefully have great margins in a few years when I’m ready to take my business live. So much real world talk in this video and not all fluff and hot air, it was greatly appreciated!
Working for WOTC is like a vacation Job for kids like being a paperboy. If there is succes you get a minute piece of it and if its a failure set you take the full responsibility.
Awesome. I feel bad for lgs sometimes cause I want at minimum 50% profit If I'm reselling somthing. 10-30% is ruff especially when it can sit for a long time.
Another great video. Ramsey doesn't actually say you *have to* buy a house with cash (aka pay the full amount in one payment), it's just the best way to do it. A mortgage is ok.
" it's a grind, it's a rollercoaster, it's emotional, it's gratifying, it's insane." Great analogy! Thanks for sharing your experience as a small business owner.
A Dave Ramsey Financial Coach here- Dave doesn't say you have to buy your home in cash. Obviously, if you CAN, then do so! Dave wants you to put a nice down payment on your home-to-be, at least 20%, so as to avoid PMI (private mortgage insurance). If you're otherwise debt-free, it's far easier to then plow away at paying off your mortgage early. Thus why Dave says to pay off all other debts before the mortgage.
Hey man love the videos. I'm a mechanic who wants to get out of the industry and go into business for myself in something else. Your videos are helping me shape a game plan to try to break into this industry and hopefully not lose my shirt! Definitely keep making these videos, hearing the information from an actual store owner is invaluable!
I’d say open a physical store if you have a ton of capital and are already well off in other endeavors like real estate. Otherwise, just stick to e-commerce from home.
You're videos are great! I appreciate the honesty and wisdom from your experience. Great tips for anyone wanting to start a business. And inspirational for those of us that have messed up our credit. Thank you! 🙏
love the video. i could feel the emotion and realism. myself and two brother want to open a shop where we only run it with out employees. the video was great.
I love you man. Too many ppl get into this business because they "love the game". But guys, you are in a business to make money. If can't admit that to yourself, then it's gonna be tough.
Should have stayed driving a forklift for $38/hour and kept banking money. Once child no1 comes along you wont be wanting to work those 16 hour days. Good luck though, I hope it works out for you.
Let's not encourage people to purchase more property than they need, right after you say most people feel like they can't afford a home (it's because they can't) 🤓 anf this is why
You are running a e commerce buisiness. The store front is really only for taking in cards, most of the incoming money is not at the register i would bet.
All those ways to buy are killing these small businesses.. cause everyone is feeling the financial constraints. I went to a local card/comic shop and the guy saw my young son in a pikachu shirt and they must have been opening booster packs of obsidian flames.. and he said what’s up to my son, said he loves pikachu too, and then let my kid pick a random card from the booster he opened.. my son was so happy. I thought that was awesome so I felt I should support the shop and bought the ETB they had there.. it was 42.99 + tax.. cool no biggie.. Josh’s site had the same etb for 32$.. that’s a 10$ difference.. I bought that and a graded PSA card that’s going for $55 on eBay it was on sale for 30. Over 60$ was free shipping.. so in one store I spent like 45$+ for the same thing I not only got for 10$ cheaper but I’m about to make 10-20$ more on the card sale.. How do you compete with that? Idk how these places survive On the flip side I sell just the random bulk and today someone bought 10 rare candy cards from me.. the were like 2 cents each cause that’s what gets them to sell.. but cause they bought 10.. even with 99 cent shipping I had to use 2 stamps.. after tcg fees.. I made 74 cents.. even with discounted stamps I bought off ebay.. between the sleeve, top loader, team bag, 2 stamps, envelope.. I paid more to ship that than I’m getting from tcg lol.. like the market for this is getting so rough
@@rng-gamez nah 100%! That’s my point.. like they did everything right.. nice to my kid, good price that they probably barely make any money on.. and then some online site is undercutting by 10$! Like how do you compete and as the consumer.. what’s the break point in cost/support/experience and just flat out savings.. I feel for these shops man
What to do before opening a game store now days? Best advice: don’t do it, you will get shafted non stop and your gains will be so minimum that a Mc Donald’s janitor will make more money than you.
As an ecommerce "business" just starting out, all these videos from the past year or 2 years have really help get to where im at. Reaaalllyy really informational. From the bottom of my heart, thank you for this. Keep these going pls!
In addition to everything you said, I thought about having a vending machine business before trying to open a game/card store since the margins on the bending machine business is much higher. Does that strategy sound ok or is it more trouble than it's worth?
First thing to think about before opening a LGS is remembering WOTC doesn't want you to exist. Next would be the thought of how you feel lighting your money on fire. Last would be to go outside and play hide and go fook yourself
You must be a joy to be around
@@rng-gamez yeah, I'm awesome 😎
He’s not wrong I would hire some more employees get distribution from different companies Pokémon dbs tcg etc and have them list everything for you while you spend your time buying product from everywhere else
Your confessional videos may be your claim to fame, I've seen your subscribers grow since your commander masters fiasco. We all are rooting for you to crawl back out of it!
This dude is a hustler, I can tell. He won't crawl out of it, he'll walk out with head up high on his shoulders.
Thanks for being willing enough to show off how difficult it can be through this difficult season in your life. Not an easy thing, but appreciated for sure!
Damn dude, as someone who is only a few months into this journey this was great video to listen to. While busting my ass for ten hours at work in a hot warehouse and wanting a way out I realized the only way is through. Went home told my wife about my plan to work every possible overtime shift for the next year to pay off our debt. I’ve been very careful and selective to pick up some stock here and there on DEEP discount that’ll hopefully have great margins in a few years when I’m ready to take my business live. So much real world talk in this video and not all fluff and hot air, it was greatly appreciated!
Keep the good content coming, it's always inspiring to hear someone who had terrible credit was able to discipline themselves into a major investment.
Working for WOTC is like a vacation Job for kids like being a paperboy. If there is succes you get a minute piece of it and if its a failure set you take the full responsibility.
I prefer cardboard boy
This dude inspired Sanger Comics and Games !!!! Your my hero dude !!!! My shops been going great. Ive watched all your videos
Hell yea man congratulations keep grinding
Awesome. I feel bad for lgs sometimes cause I want at minimum 50% profit If I'm reselling somthing. 10-30% is ruff especially when it can sit for a long time.
Another great video. Ramsey doesn't actually say you *have to* buy a house with cash (aka pay the full amount in one payment), it's just the best way to do it. A mortgage is ok.
Better than I deserve
You’re awesome, keep up the content!
its too late for me but man i love this kind of content lol
Keep it up with the uploads. People like your videos and your subscriber count is going up fast.
" it's a grind, it's a rollercoaster, it's emotional, it's gratifying, it's insane." Great analogy! Thanks for sharing your experience as a small business owner.
A Dave Ramsey Financial Coach here-
Dave doesn't say you have to buy your home in cash. Obviously, if you CAN, then do so!
Dave wants you to put a nice down payment on your home-to-be, at least 20%, so as to avoid PMI (private mortgage insurance).
If you're otherwise debt-free, it's far easier to then plow away at paying off your mortgage early. Thus why Dave says to pay off all other debts before the mortgage.
Business fact... low barrier to enter, low chance of success...
Hey man love the videos. I'm a mechanic who wants to get out of the industry and go into business for myself in something else. Your videos are helping me shape a game plan to try to break into this industry and hopefully not lose my shirt! Definitely keep making these videos, hearing the information from an actual store owner is invaluable!
You always kill it with this type of content. I’ve always appreciated your transparency
I really needed this video. Thank you.
I’d say open a physical store if you have a ton of capital and are already well off in other endeavors like real estate.
Otherwise, just stick to e-commerce from home.
How the heck did you get 38 an hour loading trucks ? In Seattle I know hospital maintenance technicians who make less
Technically I was in in quality control but I loaded trucks, everyone made the same money. Huge alcohol manufacturers
You're videos are great! I appreciate the honesty and wisdom from your experience. Great tips for anyone wanting to start a business. And inspirational for those of us that have messed up our credit. Thank you! 🙏
love the video. i could feel the emotion and realism. myself and two brother want to open a shop where we only run it with out employees. the video was great.
best plan is get your life together and DON'T open a game store
awe man s/o your wife! that's awesome. awesome vid n thnx for tips.
I love you man. Too many ppl get into this business because they "love the game". But guys, you are in a business to make money. If can't admit that to yourself, then it's gonna be tough.
Love it. You should retitle title this to “Get Your SH#& In Order, OR ELSE!”
This was awesome and on point thanks for sharing
You're the reason why I get up in the morning =)
Thank you! I needed to hear this !
It’s a shame that peons can’t get their bad debt paid off for free like the banks and big corporations can
Politicians need their financial backers.
@@firecrest3325 yes and I think they call that “logrolling” or “crime”
Should have stayed driving a forklift for $38/hour and kept banking money. Once child no1 comes along you wont be wanting to work those 16 hour days. Good luck though, I hope it works out for you.
No kids for me
Let's not encourage people to purchase more property than they need, right after you say most people feel like they can't afford a home (it's because they can't) 🤓 anf this is why
@@kadabbers I don’t know what you mean. If they purchased property they would own a home already.
Cool shirt, where'd you get it?
"you can do things with credit"
*Dave Ramsey has entered the chat*
ha i commented this before you started talking about him :D
You are running a e commerce buisiness. The store front is really only for taking in cards, most of the incoming money is not at the register i would bet.
It’s 50/50 for the most part
marry rich?
That works too
Haha how do I sign up for that?
All those ways to buy are killing these small businesses.. cause everyone is feeling the financial constraints. I went to a local card/comic shop and the guy saw my young son in a pikachu shirt and they must have been opening booster packs of obsidian flames.. and he said what’s up to my son, said he loves pikachu too, and then let my kid pick a random card from the booster he opened.. my son was so happy. I thought that was awesome so I felt I should support the shop and bought the ETB they had there.. it was 42.99 + tax.. cool no biggie.. Josh’s site had the same etb for 32$.. that’s a 10$ difference.. I bought that and a graded PSA card that’s going for $55 on eBay it was on sale for 30. Over 60$ was free shipping.. so in one store I spent like 45$+ for the same thing I not only got for 10$ cheaper but I’m about to make 10-20$ more on the card sale..
How do you compete with that? Idk how these places survive
On the flip side I sell just the random bulk and today someone bought 10 rare candy cards from me.. the were like 2 cents each cause that’s what gets them to sell.. but cause they bought 10.. even with 99 cent shipping I had to use 2 stamps.. after tcg fees.. I made 74 cents.. even with discounted stamps I bought off ebay.. between the sleeve, top loader, team bag, 2 stamps, envelope.. I paid more to ship that than I’m getting from tcg lol.. like the market for this is getting so rough
$32 is below wholesale for an ETB 42.99 is a great price because if you went into Walmart that same ETB is 49.99
@@rng-gamez nah 100%! That’s my point.. like they did everything right.. nice to my kid, good price that they probably barely make any money on.. and then some online site is undercutting by 10$! Like how do you compete and as the consumer.. what’s the break point in cost/support/experience and just flat out savings.. I feel for these shops man
@@PMTCards I hear you, its hard, but not impossible.
Let’s gooooo!! RNG GAMEZ the goattttt
Wooo Dave Ramsey helped me too!
38 dollars an hour to load trucks!? You sir were working for the mafia.
Lol
Or Amazon. Same thing lol
What to do before opening a game store now days? Best advice: don’t do it, you will get shafted non stop and your gains will be so minimum that a Mc Donald’s janitor will make more money than you.
I make $4 an hour
That’s some Lady you found there….Net Worth = Self Worth
As an ecommerce "business" just starting out, all these videos from the past year or 2 years have really help get to where im at. Reaaalllyy really informational. From the bottom of my heart, thank you for this. Keep these going pls!
Don't forget b local laws. Just because you have for space and tables doesn't mean it is legal to have people play at your store
I hope this minuscule like button and comment help in something, maybe TH-cam content can be a complementary endeavour!
This is great advice running a business on credit doesn't always pan well, and if it folds your just saddled with debt.
Always have the cash on hand to pay it. Credit is a tool if you use it well it can be very useful
I thought you were going to suggest jumping off a tall building. anyone thinking about opening a magic card store where the boxes net -10% is insane.
Self harm is no joke
In addition to everything you said, I thought about having a vending machine business before trying to open a game/card store since the margins on the bending machine business is much higher.
Does that strategy sound ok or is it more trouble than it's worth?
Vending is great I have a few friends who make a decent living with it.
Can you sit out when bad sets come along or does this model force you into each release?
Distributor throttles your quantity if you don’t buy previous set
I see
So “Amazon becomes the distributor.”
I wish I can pick and choose lol
USA = Easy mode. Try Brazil. lololololol
Are you related to Bill Burr?
This is like the 10th time someone has said this. Lol
@@rng-gamez I love Bill Burr. It's not just that you share some slight physical resemblance... your communication style is also a bit similar!
Dude I became a fan when u said “Fengshui” in a vid and now u mention DAVE RAMSEY, holy sh!t man that’s my fav!