FBTBForums.net Forum Index FBTBForums.net

...has been nuked!

 
 ChatChat    FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Opening your Bricklink store (essay on TBB)

 
This forum is locked: you cannot post, reply to, or edit topics.   This topic is locked: you cannot edit posts or make replies.    FBTBForums.net Forum Index -> Buy/Sell/Trade/Finds
View previous topic :: View next topic  
Author Message
Nannan Z
Undead!


Joined: 13 Nov 2005

PostPosted: Sun Jan 25, 2009 11:59 pm    Post subject: Opening your Bricklink store (essay on TBB) Reply with quote

I hope some of you may find this bit of information useful. It outlines tips and strategies for builders to open their own Bricklink stores to fund the hobby.

link

Please let me know of any comments, questions, or suggestions.

-Nannan
_________________

Brickshelf | Bricklink
Back to top
View user's profile Send private message Visit poster's website
salty tbone



Joined: 04 Apr 2007
Location: Pennsylvania

PostPosted: Mon Jan 26, 2009 11:10 am    Post subject: Reply with quote

I just read that and thought it was great advice. I usually buy sale/clearance sets to sell down the road to fund my hobby, but the minifigs seam to be simpler, easier to ship (plus you get to keep the bricks!).

Your good intentions might've just quadrupled your competition, though. Very Happy
Back to top
View user's profile Send private message
ZombieAndi
Destroyed!


Joined: 08 Feb 2005
Location: near my laptop

PostPosted: Mon Jan 26, 2009 12:07 pm    Post subject: Reply with quote

Well, I guess SW Minifigs will stay ways overpriced for a long time...
_________________
~Andi

FlickrBrickshelf
Back to top
View user's profile Send private message Send e-mail Yahoo Messenger
Dazombie
ZOMGpire!


Joined: 04 Feb 2005
Location: Lavalcula, Québecula, Canadania

PostPosted: Mon Jan 26, 2009 3:19 pm    Post subject: Reply with quote

Very interesting article. But like salty tbone wrote, aren't you worried that this information will only bring more people into the Bricklink game, hence lowering the prices of the minifigs online while making the stocks in stores even lower than they already are?

Andi wrote:
Well, I guess SW Minifigs will stay ways overpriced for a long time...

Prices for Star Wars minifigs are really high because they are drvien up by Star Wars collectors, not because of the secondary market sellers like Nannan.
_________________

Bricklink | Brickshelf | QuéLUG
Back to top
View user's profile Send private message Send e-mail Visit poster's website MSN Messenger
Swoosh Zombie
ZOMGpire!


Joined: 30 May 2005
Location: behind you, preparing to nom

PostPosted: Mon Jan 26, 2009 3:22 pm    Post subject: Reply with quote

A well written piece indeed, but I think there's a few major flaws with the overall plan:

1) Biting the hand that feeds - While I wouldn't be too concerned about increased competition as the demand for minifigs is certainly there, the consequences of people selling more figs for less might not be too palatable. If as you suggest, more and more builders turn to selling figs to offset their own purchases, it doesn't take long to drive down the price of the figs. So some of the "big sellers" bring their prices down to meet you, but need to offset these losses. How? By increasing the cost of their other parts for sale. Builders still buy a lot of parts from these sellers, but wind up paying more for them in the long run.

2) Target audience - You wind up dealing with a lot of one time buyers, either minifig collectors or non-FOLs looking to replace a lost minifig. They're about as fickle as you can get; purchasing decision is based mostly on price, so if yours isn't the lowest, you're probably not going to make the sale.

3) Devaluation of your collection in the long run - So you sell off all your extra figs and instructions and are left with this big pile of "free" LEGO. What happens five or ten years down the road if you need to raise some cash in a hurry? That minifig-less, instruction-less Star Wars set is probably worth less than the original MSRP whereas a complete set in the same condition would probably fetch two and a half to three times it original value. Even if you recover your original investment quickly by selling the figs, you loose out in the long run.
_________________
My BrickLink store
Back to top
View user's profile Send private message Visit poster's website
Zombiekid24
Undead!


Joined: 10 Apr 2006

PostPosted: Mon Jan 26, 2009 5:07 pm    Post subject: Reply with quote

Swoosh Zombie wrote:

3) Devaluation of your collection in the long run - So you sell off all your extra figs and instructions and are left with this big pile of "free" LEGO. What happens five or ten years down the road if you need to raise some cash in a hurry? That minifig-less, instruction-less Star Wars set is probably worth less than the original MSRP whereas a complete set in the same condition would probably fetch two and a half to three times it original value. Even if you recover your original investment quickly by selling the figs, you loose out in the long run.


Well he made the stipulation that you are a builder. So down the road all those pieces are probably in another MOC or in a pile anyway that they won't cobble together the model to resell anyway.
Back to top
View user's profile Send private message
copyrrrrr
Undead!


Joined: 05 Feb 2005
Location: Arizona, USA

PostPosted: Mon Jan 26, 2009 6:25 pm    Post subject: Reply with quote

It is a great essay Nannan. Thanks for sharing. I do have a thought to share, however.

Some people, myself included, partially or completely live off the income they generate from the brick.** My only criticism of the essay is the "sell as cheaply as possible" notion. People who sell parts/minifigs without regard for the price by dumping them at the lowest price, and using the income as a psuedo-rebate program for their hobby can drastically harm a market where people work hard to earn a profit. Suggesting the idea that the lowest price should be your goal could easily lead to a crash in the values of figs if enough people do this... leading to parts sellers that lose value in the most valuable part of the sets they part out... leading to parts dealers to be less profitable... leading to our communities' loss of the large, well stocked parts seller. I would prefer that such an idea not even be suggested. It is a bending of the rules in the supply-demand concept, and could hurt the brick marketplace more than it could help you individually.

**I sell sets bought through LEGO, so minifig sellers can't hurt me.
_________________
BULLETIN ISSUED SATURDAY 01.31.2009 11:59:59PM PST. ATTENTION ALL CITIZENS: PLEASE READ THIS
Back to top
View user's profile Send private message Send e-mail Visit poster's website AIM Address MSN Messenger
ZombieSolo
... eats you all. [zMOD]


Joined: 05 Feb 2005

PostPosted: Mon Jan 26, 2009 6:36 pm    Post subject: Reply with quote

Quiet Jeremy, I'm hoping this will trick everyone into buying a bunch of new Star Wars sets and dumping the figures on there, competing for the lowest price! Wink
Back to top
View user's profile Send private message
ZombieGIR
Destroyed!


Joined: 07 Jul 2006
Location: a frozen desolate wasteland (New England)

PostPosted: Mon Jan 26, 2009 6:57 pm    Post subject: Reply with quote

Well stinks for me. I like to keep the figs too. Razz Interesting piece though.
_________________
| Flickr | YouTube
Back to top
View user's profile Send private message Visit poster's website
djmangunz



Joined: 14 Dec 2008
Location: Stalking, always stalking...

PostPosted: Mon Jan 26, 2009 9:33 pm    Post subject: Reply with quote

Very helpful man. Thanks for taking the time to write it. I'd be happy to buy your clone wars figs from you on the cheap. Very Happy
_________________
Don't worry ladies, the guns are on safety...
Back to top
View user's profile Send private message
mshiels



Joined: 01 Mar 2005
Location: Mississauga, ON, Canada

PostPosted: Mon Jan 26, 2009 10:22 pm    Post subject: Reply with quote

nuked
Back to top
View user's profile Send private message
Display posts from previous:   
This forum is locked: you cannot post, reply to, or edit topics.   This topic is locked: you cannot edit posts or make replies.    FBTBForums.net Forum Index -> Buy/Sell/Trade/Finds All times are GMT - 5 Hours
Page 1 of 1
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group