My experiment was simple enough...take a few cards, turn them into a few more cards, and amass a collection without sending anything to them or purchasing store credit to do so. Then try to flip as much of the collection to turn a positive sale in order to by more inventory. My ultimate goal was to increase my $18 investment 10X in a year.
The focus of my collection is on pre-1989 hockey cards, seeing that the overabundance of 1990s stuff was too overproduced and available and the 2000+ stuff was basically too expensive or just didn't sell (although I do have some stuff from those eras). I had $18 in leftover store credit from a purchase I had made about six months before so I used it to acquire a few decent 1960s and 70s cards.
My experiment started on 8/8/2013 with my first sale of a 1970-71 Topps Pete Mahovlich card with condition sensitivity. It's still going pretty strong too, albeit not as strongly as in the beginning.
But to date, here are my stats...
- I took an opening balance of $18
- I purchased a total of 38 cards for my inventory
- I have sold 190 cards from my inventory
- My inventory currently has 457 cards for sale
- My total sales amount is $240.39
I would say that has been a success, wouldn't you? I increased my sale to purchase volume by over 13Xs my original investment. That's pretty good considering the small amount I started with. I also have quite a few cards in my inventory with values near $1 per card, not bad for mostly pre-1980s stuff.
I guess the moral of this story is, you can make money on cards if you are patient with the process and aggressive with marketing. COMC is a good marketplace to buy singles but you won't get rich off selling there, especially after the cash out fees. But it has been a fun little project to work on a couple times a week and it's always fun to see my Daily Stat that gets emailed to me so I can see what sold. I have basically turned COMC into my own personal cardboard stock market.
If anyone wonders, my username on there is "dogfacedgremlin" and I generally entertain most offers on cards, as long as they are realistic to what I purchased them for. I always counter with my lowest price.