There are many different ways to make money with sports cards online. Here are some great tips that can be very helpful for collectors whop are looking to make some extra money online with sports cards.
Buy the Cards that People Want!
One of the most important things that I have learned in business is to try to think like the customer. We all have our own favorite things that we like and people that we admire but these things vary from person to person. Red Sox fans love Red Sox players. Yankee fans love Yankee players. I understand that seems very simplistic but most of the simple ideas are the best ideas. When buying baseball cards you have a better chance of selling a Derek Jeter card faster than selling a Mike Lowell card. I will even take it a step further. Jimmy Rollins of the Philadelphia Phillies won the NL MVP award last year. This helped his popularity and improved his fan base but, with that being said, you can sell Derek Jeter cards ten times faster than you would sell a Jimmy Rollins card. This is true for a few reasons. One reason is that Derek Jeter is very marketable player and plays for one of the most marketable sports franchises in baseball. His sports cards are extremely popular and are sold on ebay in the thousands per week. This concept is something that needs a little practice. Our personal biases sometimes get in the way. I believe in time almost every card has a potential customer but you do not want to tie up your money in cards that are stagnant. Make a list of the most popular players from each team past and present. Take your list of players and fill in all the various rookie cards that they have. For instance, Alex Rodriguez has about 9 different rookie cards that you can buy. Derek Jeter have 7 different rookie cards that you can buy. Almost every card in the 80’s has about two or three different rookie card variations. I am assuming your getting the point. Once you have compiled the list lets move on to the next step and try to narrow it down a little.
Do Your Research
Ebay is no doubt the number one marketplace for people who are buying and selling anything from sports memorabilia to video equipment. It can also be an amazing research tool. If you have an ebay account you can view past sales, prices and popularity of almost anything that has been sold. You can view how many bids a certain card has. You can view how many times the card has been listed in the past 30 days. These bits of information can save you a lot of time and money. I definitely believe that time is money and that cliche is not used enough. One of the main purposes of making money and opening up your own business is to enjoy the freedom and time the money can give you. Use ebay as a tool to help you save time and make proper decisions on what to purchase. Try to keep your own personal opinions out of it. Numbers don’t have opinions, they are just numbers, but if analyzed correctly they can save you and your business from failing. See what cards are selling and at what prices. See what cards have bids and what cards are being listed continuously without any bidders. Make sure to monitor the prices so you can make informed decisions. If you see a Tony Gwynn Rookie card consistently selling for $25-$30 don’t be so surprised if you see one selling for $50 with no bids. This does not mean that Tony Gwynn cards don’t sell it just means that the seller has the card over priced. If your research is done properly you will be able to get a google feel of what is good to buy and what is not. Once you have this information you can start narrowing down your list.
Money, How Much Do I want to Invest !
Every business has a start up cost and this business is no different. Come up with a sum that you are willing to invest and work around that. Do not use your life savings or your kids college tuition but try to come up with a reasonable sum of money to begin your venture. I use the word investment because you are investing in products that have monetary value. If you did your research properly the cards you have purchased can be re-sold on ebay for the price you purchased them for if not more. This is why the research part is so important. This lowers your risk and keeps your investment safe.
The Buying Process
Once you have the detailed list of the baseball card that you want to buy and the prices that you’re willing to pay for each one then it becomes time to start buying. This is definitely the funnest part of the whole process. You get to Rome eBay and spend money like it’s out of style. Feel comfortable that you have done your research properly your money will be well spent and you receive a nice return on the money invested. Make sure that you do your research and buy card lots of certain players that you are looking for to reduce your cost per card. Many times when you purchase card lots you can lower your cost per card 20 to 30%. This is a huge advantage especially if you have a budget and can afford to card lots. Don’t overdo the size of the card lots. Another words don’t buy too many of the same card. you want to make sure if you’re doing this is a business you have a large variety of cars to sell on eBay so you don’t get stuck with too much inventory. Just remember stick budget and do your homework. also don’t be afraid to buy more than one brand for each player you are looking for. Many times people will search for a certain rookie card but will like one brand over another. The larger variety you have to sell or offer the more sales you can generate selling on eBay. If you stick to the plan you’ll make money.
Selling Your Baseball Cards
selling your baseball cards can be a very lengthy subject so we will only touch on some of the key factors that you will be able to use to help you start the selling process on eBay and an easy timely fashion. When selling cards on eBay I would recommend that you use eBay’s software such as Turbo Lister or Blackthorne eBay selling software. Both these software tools can help you list auctions online and save you a lot of time in the process. I believe time is money and you can automate the process by using these listing tools. Automation is the key to everything if you want to make money on eBay. There is absolutely no point in selling a card and making three dollars on that card if it took you an hour to list. You might as well go get a paying job that pays more money. If you use a software correctly and generate templates you can create close to a hundred auctions on our. That might sound like an outlandish statement but it is true. Ebay does a great job in supplying you with online tutorials on how to use both Turbo Lister and the Blackthorne software. Spend some time reviewing the software’s features to make sure you get the most out of it. The learning process is a lot faster than you think and will pay off with large dividends at the end. once you have learned how to list the car on eBay it is very easy to fill in the information of what prices as well is how long you want the auction to last. In a future post we would discuss different strategies to help you make your selling on eBay a much easier and time-saving process. Again just remember the key eBay is to try to automate everything.