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Old 09-03-2014, 03:22 PM
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Rick McQuillan
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Join Date: May 2009
Location: Wisconsin
Posts: 3,178
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You will save a ton of money buying your storage and shipping supplies in bulk. U-Line is a great place for padded bags, small photo mailers, and boxes. Buy a case of 250 or 500 and they will be really inexpensive, even with shipping costs factored in.

Buy your top loads and sleeves and team bags and graded card bags by the case.

If you list your cards ebay, make sure they are well organized. You don't want to spend 20 minutes looking for a card that you sold. If you are organized it will only take 30 seconds even if you have 500 items listed.

Get ready for sticker shock at the beginning of the month when ebay sends you their invoice for the previous month. PayPal also takes their cut.

Remember to save all of your receipts for expenses and your receipts for sales. If you are making a profit you will have to pay taxes, so make yourself a spreadsheet and be meticulous about recording every sale and every expense. If you set up at shows you will need a sales tax number. If you purchase items from out of state you will need to pay a "use" tax. Set aside 25% of your sales to pay your sales tax and income taxes. I know that many card sellers don't report this income, but I like to be able to sleep at night.

In reality, if you sell a $10 card and you paid $5 for the card, by the time you pay ebay, paypal, and taxes, you might make two bucks on the card.

Most of the cards you find will be lower grade and lower end, so you need to be able to buy low so you can sell low and still make a few bucks.

Good luck.
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