Business Update! LEGO Investments I’ve Sold in 2024
ฝัง
- เผยแพร่เมื่อ 8 ก.ค. 2024
- Thanks for watching my mid-year LEGO investing business update for 2024! I'd really appreciate it if you liked this video and subscribed, I put out LEGO investing content weekly. Comment down below if you have any questions about LEGO investing!
If you're interested in joining my LEGO investing Patreon, here's the link: / brickdynasty
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Chapters:
00:00 Intro
00:23 Sales numbers
01:19 Amazon transition + my plan for the rest of the year
03:30 Great investments I sold
08:54 When do I sell off underperforming sets?
09:58 Underperforming investments I sold
12:35 Outro - บันเทิง
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Great info. Thanks for the time you put into your content
Thanks! I appreciate the support!
Good job, i have started buying lego sets last year on october and spent around 8000 euros, this year i have sold sets for around 6000 euros and made a profit more than 3000 euros
Awesome, congrats! That’s a great profit margin!
@@TheBrickDynasty thanks!
May I know which platform you sell sets on?
Love your content mate
Thanks!
Great stuff Brian!
Thanks Austin!
I knew you'd come around to FBA eventually. It's such a time saver.
It’s awesome, saves time and brings in more profit!!
Nice to see that you do not only do Star Wars. Well done...
Thanks!
I also have a few of the Wolverine set that hasn't performed well. I plan to list mine in a month right as the Deadpool and Wolverine movie comes out.
That’s smart, hopefully that movie will drive up a good amount of demand!
I will be interested to see how your journey with Amazon goes. I am too small and have too many 1 offs to make that viable, but might be worth adjusting my strategy 🤷🏼♀️
Fba the way bro
Awesome almost first half of the year.
I'm curious, what does Amazon (or you) consider to be a damaged set? Is it more than a small crease for example?
Thanks! I’ve been sending in sets that have creases, but if it’s crushed or has a hole in the box, I’m not sending those in. So far I haven’t had any issues, they definitely don’t have to be in mint condition. I also don’t think buyers on Amazon are generally as concerned with the box condition.
One thing I did want to mention before was prices do seem to drop during the summer on Amazon and Ebay. I really noticed more of a difference in price on Ebay during summers, but I'm beginning to see avg prices coming down a bit on Amazon, but not nearly as much. 🎉
Thanks for sharing your sales number, it helps me a lot to undersand your business model and inspires me to do so :) I'm french, and I recently applied to become an Amazon FBM seller, but I then discovered some Amazon criterias that stopped me from doing it, specially this 2 : min 10 units bought and bring an invoice. I wonder, is it he same in the US? Do you think it's better to go directly to FBA?
What is the number of sets or number of dollar threshold per year you think some one should transition from ebay to amazon is?
Honestly, I think at any scale you could transition. If you move less than 40 sets per month, then I’d start with the individual plan. That is free and you just pay an extra dollar per set you sell. So that will have a larger impact on smaller sales/set, but not much for more expensive sets. The selling prices you can get on Amazon are generally significantly higher than eBay, even if you sell FBM. In hindsight, I would have started selling on Amazon much sooner now that I’ve seen that it’s not as scary as some make it out to be.
I thought you can’t sell lego with the individual plan because it doesnt let you ungate unless you have a professional account?
Should of held wolverine, films out soon
That's quite a lot of sales, very impressive. Do you make buyers pay shipping for eBay or do you usually specify free shipping?
Thanks! When I’m selling sets for my desired profit targets, I have my listings set for the buyer to pay shipping. But when I’m clearing out under performers, I typically offer free shipping to get that boost above other listings that don’t have free shipping.
Generally speaking though, the conversion around free shipping or no free shipping is arbitrary to me. At the end of the day the buyer is paying for shipping, either your price is higher to accommodate that or it’s not.
@@TheBrickDynasty I'm just trying to get some sets sold on ebay. I started my account at the end of last year and have sold maybe 20 sets. I've gotta suck it up and finish my application for FBA.
Congrats on those sales!
@@TheBrickDynasty Thank you! Just getting started, but it's fun so far.
Do you have guidance on ungating to sell legos on Amazon?
After going through the Amazon seller account creation process, you’ll need to submit an invoice showing you bought 10 units of a LEGO set. If you’re looking for a step by step video on the seller account creation process and getting ungated to sell LEGO, I have a video on my Patreon where I walk through the whole process.
What are the requirements on sales volume to get on Amazon? I heard theyre pretty high
There aren’t any sales volume requirements to be able to sell on Amazon 👍
@@TheBrickDynasty But Amazon restricted the amount of sellers of Lego someone said
@@theyoungcapitalist to be able to sell on Amazon, you have to create an Amazon seller account, once you have been approved, you apply to sell LEGO branded products. There isn’t a restriction on how much volume you have to sell, just need to provide the documentation they ask for when applying for approval to sell LEGO branded products
You must not have run into the many issues with fba yet, wait until they lose a whole shipment you will not have the documentation required for reimbursement.
I haven’t had any issues yet. From what I’ve seen, if that happens, receipts from retailers will be enough documentation. Has that happened to you and were receipts not accepted for proof?
How did u get ungated in Lego for amazon
After going through the Amazon seller account creation process, you’ll need to submit an invoice showing you bought 10 units of a LEGO set. If you’re looking for a step by step video on the seller account creation process and getting ungated to sell LEGO, I have a video on my Patreon where I walk through the whole process.
@@TheBrickDynasty do u like selling Lego on Amazon more than u do on ebay
You cannot sell on amazon sets that where bought on amazon can You?
From my understanding, you can’t if you bought them with a Prime account
21326 is $100 on bricklink.
Yeah prices on Bricklink are typically much lower than Amazon
I don't know why but my gut feeling tells me to skip this year. Last year was too good and TLG may conjure up some new tricks screwing up the aftermarket. The sudden extension of many popular SW sets should be a hint. Besides the Minecraft and Ninjagos retiring this year are so bad.
I’m personally very excited for this year, notably much less competition on selling platforms & plenty of great sets I’m liking for investing this year. With the economy still not at its best, I’m expecting some good sales in Q4 again this year.
I’m not sure what else LEGO could pull besides more extensions. The biggest concern I have for LEGO investing this year is the lingering stock from retailers after retirement. Unfortunately there’s no way for us to know what sets will be impacted, but the best ways we can combat this is by focusing on store exclusives, especially Target, and by continuing to buy at great prices to insure yourself incase a set you invest in lasts awhile on shelves after retirement.
@@TheBrickDynasty OK, I see. It's just the buying and selling landscape in my country is completely different from NA. We don't have store or Target exclusives. Heck we don't even buy from Lego website because there isn't any. All of our sources are either from distributors(bulk) or online retail platforms. And the aftermarket demand has somewhat declined over the past few years(too many hoarders during covid). Looks like the investing experience varies quite a bit from different regions.
@@TheBrickDynasty Yes, up until now Amazon still has many retired sets from last year in stock.
Are you one of the Rex Microfighter sellers ripping people off for almost triple the price on Amazon. That's why I don't buy on Amazon or eBay, unless it's an auction on eBay. If so that's a scummy business practice