Grading and selling cards (flipping) has been an excellent supplemental income personally. I am a collector at heart so there are a lot of cards that I keep, but it is still satisfying just having a large inventory of new and different cards pass through my hands. So far this year I have sold about $35k in cards with about a 55% net profit. I spend a lot of time EVERY day searching for the absolute best deals. Facebook, ebay, marketplace, craigslist, etc.. Grading cards of hot players in mid-range prices, and moving most of them as quickly as possible, saving a few for myself, and holding some until I think there will be a better selling opportunity.
I've been with you since Day 1 and I love the sports card investor channel. That being said, since I've been tracking your purchases, I've got you down just over 1.2 million. Now you're gonna school us on how to invest.. come on Geoff.
@@User8vfjhejf Everything that Geoff told people to buy has decreased in value. Now he is back tracking and telling everyone ultra-modern is not an investment, but a short-term flip.
@@cardboardandplastic That's almost common sense that modern cards are basically short term flips, it's all "hot potato" I think Geoff is telling people to invest in cards that he personally likes only to discover the mistake he was making. Stick with quality vintage cards of HOF's pre-1960
This feels like a lot of circular talk. The takeaway is - there is no one size fits all and you can use these as tips or pointers for further research but your mileage will vary greatly.
First off, really good thoughts. My wife has been trying to encourage me to get into breaking to diversify and grow my very part-time business. My problem is I just don’t have the gift of gab. It’s frustrating because the only distributor I’ve been able to connect with offers retail pricing. I’m not looking to make a fortune, just to be in the black and grow this side gig to be my main gig when I retire in 10 years, not to put food on the table, but to stay busy. Anyway, my apologies if this comes off as a vent. Anyway, I’ll keep trying to figure out something.
@@jamesnguyen7069 wanting to diversify and grow a business is a money grab? Wow, How insightful. I will now reevaluate all of my life’s choices. /sarcasm
This is the one thing that pisses me off. Everyone wins in this except for the person who sells the card initially (at 65-70%). I say we squeeze out the flippers and refuse to sell to them at 65-70%. If you can pay 85-90% of comps then we got a deal. Otherwise, flippers get out of the game.
FANATICS IS A JOKE. they can't get their main website to work half way decent. Then I ordered a hobby box of that big league when it first dropped. My son was so excited to try and win your competition, so we ordered it day of and got it YESTERDAY! took well over a month to get the box. And this is the company that is gonna run our hobby. And the Fanatics website is so slow and laggy and it's so Unintuitive. You hit the back button and it takes you to the main page and you gotta start your search over. 0 stars and I will never buy from Fanatics ever again.
I making money selling singles, and don't buy under comps as much as I wish. My hold times is 1 week to a year and a half. Buy when the market is low, and sell when its high. I don't win every time, but the wins are bigger than the losses.
Or print your own stickers and send them to PSA. That's what someone has been doing with these Karim Benzema Panini Foot 2007 stickers. Hes got hundreds graded and sent them to all the auction houses to sell. Feel sorry for the buyers.
MY LCS has nothing to flip . They had ZERO slabs. A card shop with ZERO slabs? 100 billion slabs and 2 of my LCS's have NONE. Guess what. I bought cards in the 90's and every card I owned is worth less now than back then because of strict grading and much of it was vintage. It was all crap and I threw away 70% of my collection 25 years ago.
Hobby Shark Tank - Let some sports card investors pitch you and a few other cash investors card businesses. Don't need more kitchen breakers, but I applaud the hustle.
Stop advocating flipping. If these guys are buying 30% below comps, that becomes the new comp. I set up at shows and it’s 98% flippers walking around. Some are shamelessly aggressive. They pretty much want you to give them money. Like you’re their daddy or something. I don’t set up at shows to supplement anybody’s income. These flippers want dealers to lose money so they can gain. I’m all for giving a discount and do what i can. Just needs to be a win win situation. But these guys want you to lose so they can win. The bigger dealers lose the more flippers win.
Have you heard of people revealing bowman blasters and switching first pack where most chrome numbered cards are coming from. I'm seeing blasters broke on whatnot and you tube with no numbered chrome ??? I bought 10 blasters at Walmart and got 8 numbered chrome out of first pack back card. Have you heard of this?
I’d gladly sell on eBay and get better Roi than sell in a store that’s going to give me a 70% of comps haircut. Selling and shipping is so easy and not nearly a pain as x pressed in this video 😂
depends on the volume and time invested. Time=money as well. Plus the costs of the items to ship, the gas to get to the postal office, there's small things that add up if you think of it as a true business
I’m concerned fantics is going with breakers to increase the hobby…. I’m a collector… so do u think people that do breaking will turn into collectors ??? collectors have always been the biggest part of the hobby.. in terms of money.. they collect/invest in big money… which is me in the hobby..
Lot's of great advice on selling as a business and collecting as a collector. There was many solid points that you made in the sports card business. Thanks again Geoff!
i cant believe u both went 48 minutes without hardly moving and sat in the same and still in place…. I have to move and change position when sitting… wow… enjoyed the video tho… good talk..
The best investment is buying cheap rare cards that not many people know about. I've been purchasing cards for $10-20 and selling them for $1.5k. My target is to have 2000 cards that are worth $500-1000 each.
He can't, he is addicted to the attention. If anyone wants a market movers app, I will give a free version to everyone. Take a piece of paper, draw a line trending downwards, and that is how your "investment" has been trending for the last 2 years.
Grading and selling cards (flipping) has been an excellent supplemental income personally. I am a collector at heart so there are a lot of cards that I keep, but it is still satisfying just having a large inventory of new and different cards pass through my hands. So far this year I have sold about $35k in cards with about a 55% net profit.
I spend a lot of time EVERY day searching for the absolute best deals. Facebook, ebay, marketplace, craigslist, etc.. Grading cards of hot players in mid-range prices, and moving most of them as quickly as possible, saving a few for myself, and holding some until I think there will be a better selling opportunity.
I've been with you since Day 1 and I love the sports card investor channel. That being said, since I've been tracking your purchases, I've got you down just over 1.2 million. Now you're gonna school us on how to invest.. come on Geoff.
Have you been tracking all his sales?
Does that mean you also lost 1.2mil😂
How to make money in the hobby, take advantage of the collectors and fool people into thinking that cards are an investment. Got it Geoff! :)
if something rises in value over time, it's an investment, doesn't matter what it is
@@User8vfjhejf Everything that Geoff told people to buy has decreased in value. Now he is back tracking and telling everyone ultra-modern is not an investment, but a short-term flip.
@@cardboardandplastic That's almost common sense that modern cards are basically short term flips, it's all "hot potato" I think Geoff is telling people to invest in cards that he personally likes only to discover the mistake he was making. Stick with quality vintage cards of HOF's pre-1960
@@User8vfjhejf Which is why he should not be giving advice at all. His knowledge about the hobby is laughable, but people think he is an expert.
This feels like a lot of circular talk. The takeaway is - there is no one size fits all and you can use these as tips or pointers for further research but your mileage will vary greatly.
First off, really good thoughts.
My wife has been trying to encourage me to get into breaking to diversify and grow my very part-time business. My problem is I just don’t have the gift of gab. It’s frustrating because the only distributor I’ve been able to connect with offers retail pricing. I’m not looking to make a fortune, just to be in the black and grow this side gig to be my main gig when I retire in 10 years, not to put food on the table, but to stay busy.
Anyway, my apologies if this comes off as a vent. Anyway, I’ll keep trying to figure out something.
looks like a money grab to me
@@jamesnguyen7069 wanting to diversify and grow a business is a money grab?
Wow, How insightful. I will now reevaluate all of my life’s choices.
/sarcasm
Hire someone who does have that gift.
This is the one thing that pisses me off. Everyone wins in this except for the person who sells the card initially (at 65-70%). I say we squeeze out the flippers and refuse to sell to them at 65-70%. If you can pay 85-90% of comps then we got a deal. Otherwise, flippers get out of the game.
what u mean? the person is probably going through a divorce or has money problems. theyre all winners.
if there could be one centralized market exchange that is super efficient, then yes
enjoy these conversations u both have together… will continue to watch...
Geoff Wilson is the Richard Simmons of sports cards
FANATICS IS A JOKE. they can't get their main website to work half way decent. Then I ordered a hobby box of that big league when it first dropped. My son was so excited to try and win your competition, so we ordered it day of and got it YESTERDAY! took well over a month to get the box. And this is the company that is gonna run our hobby. And the Fanatics website is so slow and laggy and it's so Unintuitive. You hit the back button and it takes you to the main page and you gotta start your search over. 0 stars and I will never buy from Fanatics ever again.
When an economy is down it is an opportunity for well run companies to gain marketshare and come out in a much better position once economy improves.
Burbank is the pawn shop of the hobby
I making money selling singles, and don't buy under comps as much as I wish. My hold times is 1 week to a year and a half. Buy when the market is low, and sell when its high. I don't win every time, but the wins are bigger than the losses.
Or print your own stickers and send them to PSA. That's what someone has been doing with these Karim Benzema Panini Foot 2007 stickers. Hes got hundreds graded and sent them to all the auction houses to sell. Feel sorry for the buyers.
MY LCS has nothing to flip . They had ZERO slabs. A card shop with ZERO slabs? 100 billion slabs and 2 of my LCS's have NONE. Guess what. I bought cards in the 90's and every card I owned is worth less now than back then because of strict grading and much of it was vintage. It was all crap and I threw away 70% of my collection 25 years ago.
What a lovely infomercial.
Hobby Shark Tank - Let some sports card investors pitch you and a few other cash investors card businesses.
Don't need more kitchen breakers, but I applaud the hustle.
Alexa, what cards should I invest in? AHAHAHAHAHAHAHAHHAHA to the 3rd power.
🔥
Is this same Kelly that made that wonderful soccer card video back in the day on the channel?
How do you get in touch with you Geoff
So are you changing your name to Sports Card Entrepreneur? Apparently SCI has caused you to lose a million.
Stop advocating flipping. If these guys are buying 30% below comps, that becomes the new comp. I set up at shows and it’s 98% flippers walking around. Some are shamelessly aggressive. They pretty much want you to give them money. Like you’re their daddy or something. I don’t set up at shows to supplement anybody’s income. These flippers want dealers to lose money so they can gain. I’m all for giving a discount and do what i can. Just needs to be a win win situation. But these guys want you to lose so they can win. The bigger dealers lose the more flippers win.
I don’t like doing any transactions at shows because buyers want to offer you scraps and sellers what comps or above
Have you heard of people revealing bowman blasters and switching first pack where most chrome numbered cards are coming from. I'm seeing blasters broke on whatnot and you tube with no numbered chrome ??? I bought 10 blasters at Walmart and got 8 numbered chrome out of first pack back card. Have you heard of this?
I’d gladly sell on eBay and get better Roi than sell in a store that’s going to give me a 70% of comps haircut. Selling and shipping is so easy and not nearly a pain as x pressed in this video 😂
depends on the volume and time invested. Time=money as well. Plus the costs of the items to ship, the gas to get to the postal office, there's small things that add up if you think of it as a true business
I’m concerned fantics is going with breakers to increase the hobby…. I’m a collector… so do u think people that do breaking will turn into collectors ??? collectors have always been the biggest part of the hobby.. in terms of money.. they collect/invest in big money… which is me in the hobby..
Thinking the trading cards are actual investments is where people went wrong. I’m so glad I sold off my collection over two years ago
Lot's of great advice on selling as a business and collecting as a collector. There was many solid points that you made in the sports card business. Thanks again Geoff!
Just do the opposite of what this dude recommends. You can't fail.
Set up mailboxes in Germany and Italy and buy a load of cheap rare ungraded cards.
i cant believe u both went 48 minutes without hardly moving and sat in the same and still in place…. I have to move and change position when sitting… wow… enjoyed the video tho… good talk..
Geoff Do you have a video on how to make money from wax?
Geoff Is there a good way to make money off wax?
Geoff Wilson professional sports card BS er please stop with this fake junk infomercial 😅😅😅😅
does he enjoy talking to her?
Don’t sell your cards to a shop for 70%-75%; thousands of people out there that will pay you 80%-85%
Buyback Breaks: You break it, we buy it
The best investment is buying cheap rare cards that not many people know about. I've been purchasing cards for $10-20 and selling them for $1.5k. My target is to have 2000 cards that are worth $500-1000 each.
By not buying them
vintage sports shack says much better advice.
Hey....how is Dibbs Doing?
Card trimmers like friend of the station Koontz are doing well.
Now we REALLY get to know
Good insight and thoughtful opinions. Thanks!
She is looking rather spectacular.
Definitely. She’s wife material
@@crazykev6491 Yep, you would not get tired of going through that.
Co-host is struggling
Ya not a Fan dont think u know what your talking about
My last 2 brain cells talking
Investing With free product!
💯💯💯💯💯💯
Please stop.
He can't, he is addicted to the attention. If anyone wants a market movers app, I will give a free version to everyone. Take a piece of paper, draw a line trending downwards, and that is how your "investment" has been trending for the last 2 years.
😂
Maybe you should stop listening if you don’t like what he has to say….I personally think he’s great…obviously you don’t but u continue to watch
@@jasonmichael589 Thanks Geoff.
P.T. Barnum was right "there's a sucker born every minute "
disclaimer:tom brady
Please keep going!
Pivot
I wish he would pronounce his T's correctly.
Don't forget this guy got 2 million in ppp loans that never have to be paid back.. that's your investment