  
| Author: | kzinti  | | Posted: | Nov 29, 2023 17:12 | | Subject: | Re: perhaps a taboo inquiry about making money | | Viewed: | 68 times | | Topic: | Selling | |
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| In Selling, madeleine_ writes:
| | i'm sure for many people bricklink is simply a hobby, as for me, but the
shops at the top can't be sinking thousands of hours and dollars into something
because it's fun right? i want to know where these colossal stores find their
profit. as a super tiny store, my investment in little ebay listing or lots is
minimal, and any profit tends to come from shipping costs. i'd love to expand,
but with no guarantee of orders, it's a little daunting to invest money into
items that might only be worth $10 more than i get it for. also i only care about
bionicle. lol.
|
In my view, if you can't make a certain percentage, it isn't worth doing
as a business. A lot of places on BrickLink use the platform to 'trade'
bricks. They sell what they have too much of, to fund the parts they need more
of. In the early days, the platform was built around a community that traded
rather than sold. The pricing was established to ensure fair trades.
As for my shop, in the heyday of selling, I was working about 4 hours a day in
the shop. I think that year, I made $35k off my efforts, figuring out cost, shop
rent, and everything else, I would have been better suited to working those hours
at my day job for overtime pay for several times that amount. Some items you
make decent money on, others, you're lucky to recoup costs. If this were
my sole source of income, I'd be hard pressed to pay the bills.
If you are thinking of going in full time, just be aware, you'll need to
buy low, sell high, keep excellent records, and when sorting used bricks, learn
to list items as you go, instead of sorting 2,000 pounds of bulk bricks, then
listing them for sale six months later. And the top item I'd recommend is
scalable inventory system. Whether it's trays, racks, tackle boxes, whatever
you use may be fine for today, but will it scale up from 1,000 bricks to 10,000
or 100,000 or even 1,000,000? Plan your system with growth in mind.
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Message is in Reply To:  perhaps a taboo inquiry about making money - madeleine_ (31)  | i'm sure for many people bricklink is simply a hobby, as for me, but the shops at the top can't be sinking thousands of hours and dollars into something because it's [...]
(6 months ago, Nov 28, 2023, to Selling) |
48 Messages in this Thread: Msg 1 - madeleine_ (31) 6 months ago Nov 28, 2023 to Selling
 Msg 2 - wildchicken13 (876) 6 months ago Nov 29, 2023 to Selling
 Msg 3 - Nubs_Select (3783) 6 months ago Nov 29, 2023 to Selling
Msg 4 - peregrinator (777) 6 months ago Nov 29, 2023 to Selling
Msg 5 - wildchicken13 (876) 6 months ago Nov 29, 2023 to Selling
 Msg 6 - peregrinator (777) 6 months ago Nov 29, 2023 to Selling
Msg 7 - wildchicken13 (876) 6 months ago Nov 29, 2023 to Selling
Msg 8 - 1001bricks (52400) 6 months ago Nov 29, 2023 to Selling
Msg 9 - Nubs_Select (3783) 6 months ago Nov 29, 2023 to Selling
Msg 10 - wildchicken13 (876) 6 months ago Nov 29, 2023 to Selling
Msg 11 - 1001bricks (52400) 6 months ago Nov 29, 2023 to Selling
Msg 12 - wildchicken13 (876) 6 months ago Nov 29, 2023 to Selling
Msg 13 - eileenkeeney (1610) 6 months ago Nov 29, 2023 to Selling
Msg 14 - Procook131 (554) 6 months ago Dec 1, 2023 to Selling
Msg 15 - cosmicray (3494) 6 months ago Nov 29, 2023 to Selling
Msg 16 - yorbrick (1185) 6 months ago Nov 29, 2023 to Selling
Msg 17 - cosmicray (3494) 6 months ago Nov 29, 2023 to Selling
Msg 18 - madeleine_ (31) 6 months ago Nov 29, 2023 to Selling
Msg 19 - Macaronis (725) 6 months ago Nov 29, 2023 to Selling
Msg 20 - wildchicken13 (876) 6 months ago Nov 29, 2023 to Selling
Msg 21 - zorbanj (820) 6 months ago Nov 29, 2023 to Selling
Msg 22 - Macaronis (725) 6 months ago Nov 29, 2023 to Selling
Msg 23 - wildchicken13 (876) 6 months ago Nov 29, 2023 to Selling
Msg 24 - 1001bricks (52400) 6 months ago Nov 29, 2023 to Selling
Msg 25 « - kzinti (4925) 6 months ago Nov 29, 2023 to Selling
Msg 26 - wahiggin (2863) 6 months ago Nov 29, 2023 to Selling
Msg 27 - rtzx9r (1037) 6 months ago Nov 30, 2023 to Selling
Msg 28 - BrickDeals (2807) 6 months ago Nov 30, 2023 to Selling
Msg 29 - Nubs_Select (3783) 6 months ago Nov 30, 2023 to Selling
Msg 30 - Nubs_Select (3783) 6 months ago Nov 30, 2023 to Selling
Msg 31 - helge (24077) 6 months ago Nov 30, 2023 to Selling
Msg 32 - Nubs_Select (3783) 6 months ago Nov 30, 2023 to Selling
Msg 33 - Admin_Russell 6 months ago Nov 30, 2023 to Selling
Msg 34 - Nubs_Select (3783) 6 months ago Nov 30, 2023 to Selling
Msg 35 - 1001bricks (52400) 6 months ago Nov 30, 2023 to Selling
Msg 36 - Stellar (3507) 6 months ago Nov 30, 2023 to Selling
Msg 37 - helge (24077) 6 months ago Dec 1, 2023 to Selling
Msg 38 - 0to60 (5772) 6 months ago Nov 30, 2023 to Selling
Msg 39 - yorbrick (1185) 6 months ago Nov 30, 2023 to Selling
Msg 40 - 1001bricks (52400) 6 months ago Nov 30, 2023 to Selling
Msg 41 - 1001bricks (52400) 6 months ago Nov 30, 2023 to Selling
Msg 42 - yorbrick (1185) 6 months ago Nov 30, 2023 to Selling
Msg 43 - 1001bricks (52400) 6 months ago Nov 30, 2023 to Selling
Msg 44 - SylvainLS (46) 6 months ago Nov 30, 2023 to Selling
Msg 45 - 1001bricks (52400) 6 months ago Nov 30, 2023 to Selling
Msg 46 - helge (24077) 6 months ago Dec 1, 2023 to Selling
Msg 47 - runner.caller (2651) 6 months ago Dec 1, 2023 to Selling
Msg 48 - EclecticHoarder (4) 6 months ago Dec 3, 2023 to Selling
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