Single owner LLC is also just an addendum to your personal taxes with a schedule c, If you really keep track of all the expenses and write offs your taxable profit amount should be much lower. Mileage is huge. I drive all over the place for shows, to meet for deals, to go to garage sales, it is all business related.
This was very informative. I have a big collection that I want to start selling and this have a few tips and tricks. I even used the promote feature for the first time. We’ll see how that goes. Thanks for the info
Thanks to you and that viewer for the legal flat rate envelope tip - was just listing some lots today and I was wondering how others were able to ship so cheap.
This is just an awesome idea for a series of videos, Ryan. As this is something I’m trying to get off the ground myself, I find this all very informational. Always love your vids anyway, but these are great.
Wow. Good eyes. Seeing restoration like that is tough and ruined the grading. Don’t cut it. Just sell it as is. Good throw in for your purchase. Good data. Showing us what to do. Thank you.
I’ve taught myself to look for issues like that right away when I get books. These comics have been around for decades, lots of time for someone to add some “improvements” to them =).
Hey Ryan totally love the video really helps me out trying to figure out what type of eBay store I to have. I started out pretty good and then got kind of stuck when it came to starting the business for real. I really have to look into how to start a sole proprietorship because I think that would be the best bet. Thank you so much for this video it's awesome
Yeah, sometimes just taking that first step and listing things is all it takes. I was nervous at first when I started. But then I was like “millions of people do this every year, I can do this too”.
@@AutomaticComics you are very right, I just have to make the jump forward. I do have books that were inherited so maybe I will get some more graded and get going! Thank you bud!
I appreciate your feed back with this project, a lot of good information! Couple of questions, are you tracking your over head eg gas/mileage to and from post office/shows/etc and are you tracking things like cost of the gem mailers etc and are you keeping the receipts for these purchases? Concerning getting books graded, if the graded copy sells for a higher price than the raw copy (which I think it should) wouldn't the decision come down to the cost of pressing/cleaning/grading the book? Please keep videos on this subject coming.
Graded doesn’t always sell for more. The prices of graded and ungraded books have gotten a lot closer over the last few years. So sometimes it just isn’t worth grading. You won’t get enough of a bump (if any) in price to justify the cost and time. I’ve tracked mileage and gas when I did a couple hour drive to go to buy a collection. But I don’t bother for the short drives to the post office. You definitely can, I know some people do, but i just don’t really feel like tracking that.
I love your series; it's a blast to learn about all of the golden age stuff that you post. Also, I'm interested in buying that Wolverine #8. Will it be on your ebay store and if yes, what's your store name?
Appreciate it, thanks. If you’re in the US, easiest way is to just reach out to me on Instagram or by email. My contact info is in the video description. Otherwise yes it will eventually be up on eBay. My link to my eBay store is also in the video description.
Great video! Always great info coming out of them! Are you sending the two EC books to get graded? If not, what price do you try and set out for when regarding if a book goes out to CGC or not?
The shock 11 probably not. The tales 35, maybe. I generally price them pretty similar, I’ve just found for more expensive books it’s harder to sell them if they aren’t graded. That’s often my determining factor (value of the book).
We all wish we had that answer =). It’s really just letting everyone you know know that you buy comics. This one came from someone my wife was talking to. She mentioned I buy comics and he happened to have some he wanted to sell and we were able to work out a deal.
So if a buyer flakes on payment, do you just cancel the order after x number of days? And then offer it to the next highest bidder? How do you document it so ebay knows that this was just a flakey buyer and you're not just cancelling it arbitrarily?
You have to wait 4 days to cancel on a non-payer. When you cancel you have to select the reason and one of them is that they didn’t pay. That option doesn’t appear for 4 days.
@@AutomaticComics Thanks for the feedback. For me it's been 4 days for my one auction. So then you go ahead and reach out to the next-highest bidder usually?
Ironically, I got my first no-pay within a day of watching this. Frustrating. I am staring my sole proprietorship and was wondering if you keep track of CGC fees/shipping as costs of business?
The idea of fitting a Gemini into the flat rate legal envelope is pure gold.
Single owner LLC is also just an addendum to your personal taxes with a schedule c, If you really keep track of all the expenses and write offs your taxable profit amount should be much lower. Mileage is huge. I drive all over the place for shows, to meet for deals, to go to garage sales, it is all business related.
Love the series. Keep it going Ryan!!
A fun exercise Ryan, I hope you continue it for a while, or set a goal and then start a new challenge when completed!
Thanks for the tips. Love this series
Loving the series. Very informative and soooo interesting.
Thanks for the video, I used to be nervous about chasing lots before this video. Makes me seriously rethink my stance on them…
Great series! Super interesting to hear you talk about the nuts and bolts of selling comics.
I'm really enjoying this series, keep them coming.
This was very informative. I have a big collection that I want to start selling and this have a few tips and tricks. I even used the promote feature for the first time. We’ll see how that goes. Thanks for the info
Love this project and looking forward to more content. Great work.
Thanks to you and that viewer for the legal flat rate envelope tip - was just listing some lots today and I was wondering how others were able to ship so cheap.
very insightful. thanks
This series is awesome, Ryan. Thanks for putting it together.
Thanks, glad you enjoy it.
Loving this series! Great content.
Thanks!
Love this series, Ryan - Keep 'em coming!
Appreciate it, thanks 👍
This is a great idea and series! Lots to learn here!
Thanks 👍
This is just an awesome idea for a series of videos, Ryan. As this is something I’m trying to get off the ground myself, I find this all very informational. Always love your vids anyway, but these are great.
Glad to hear 👍
Excellent content!
Thanks!
Great tips regarding shipping costs (12 books per legal size envelope). I struggled with containing shipping cost, so this was very helpful. thanks!
12 books with two pieces of cardboard inside a Gemini just barely fits =).
@@AutomaticComics great tip. I learned how to fit jeans in a priority envelope to reduce costs and it was a game changer.
Wow. Good eyes. Seeing restoration like that is tough and ruined the grading. Don’t cut it. Just sell it as is. Good throw in for your purchase. Good data. Showing us what to do. Thank you.
I’ve taught myself to look for issues like that right away when I get books. These comics have been around for decades, lots of time for someone to add some “improvements” to them =).
Hey Ryan totally love the video really helps me out trying to figure out what type of eBay store I to have. I started out pretty good and then got kind of stuck when it came to starting the business for real. I really have to look into how to start a sole proprietorship because I think that would be the best bet. Thank you so much for this video it's awesome
Yeah, sometimes just taking that first step and listing things is all it takes. I was nervous at first when I started. But then I was like “millions of people do this every year, I can do this too”.
@@AutomaticComics you are very right, I just have to make the jump forward. I do have books that were inherited so maybe I will get some more graded and get going! Thank you bud!
I appreciate your feed back with this project, a lot of good information! Couple of questions, are you tracking your over head eg gas/mileage to and from post office/shows/etc and are you tracking things like cost of the gem mailers etc and are you keeping the receipts for these purchases? Concerning getting books graded, if the graded copy sells for a higher price than the raw copy (which I think it should) wouldn't the decision come down to the cost of pressing/cleaning/grading the book? Please keep videos on this subject coming.
Graded doesn’t always sell for more. The prices of graded and ungraded books have gotten a lot closer over the last few years. So sometimes it just isn’t worth grading. You won’t get enough of a bump (if any) in price to justify the cost and time.
I’ve tracked mileage and gas when I did a couple hour drive to go to buy a collection. But I don’t bother for the short drives to the post office. You definitely can, I know some people do, but i just don’t really feel like tracking that.
Really digging this series. Would be interested to know how you packed the larger lot of books. Did you use several Gemini mailers?
I could make a brief video for it. No, I don’t use multiple geminis. You could though.
I love your series; it's a blast to learn about all of the golden age stuff that you post. Also, I'm interested in buying that Wolverine #8. Will it be on your ebay store and if yes, what's your store name?
Appreciate it, thanks. If you’re in the US, easiest way is to just reach out to me on Instagram or by email. My contact info is in the video description.
Otherwise yes it will eventually be up on eBay. My link to my eBay store is also in the video description.
Great video! Always great info coming out of them! Are you sending the two EC books to get graded? If not, what price do you try and set out for when regarding if a book goes out to CGC or not?
The shock 11 probably not. The tales 35, maybe. I generally price them pretty similar, I’ve just found for more expensive books it’s harder to sell them if they aren’t graded. That’s often my determining factor (value of the book).
Another awesome video! Quick Noob question. Where and how do I find collections to buy?
We all wish we had that answer =). It’s really just letting everyone you know know that you buy comics. This one came from someone my wife was talking to. She mentioned I buy comics and he happened to have some he wanted to sell and we were able to work out a deal.
We're do you look for the comics you plan to resell
Anywhere I can buy comics. I’ve done buying tip videos previously. I put one out a couple weeks ago
How did you manage to ship 32 ASM books for $10? Do you use PirateShip or some similar service?
I used PayPal’s shipping tool. I think it weighed like 6 pounds, shipped priority. Was just lucky the buyer wasn’t too far away.
Where didn’t you buy the Bronze Age lot?
I talk about that in a prior video if you want to check that one out. It was about 2 months ago
So if a buyer flakes on payment, do you just cancel the order after x number of days? And then offer it to the next highest bidder? How do you document it so ebay knows that this was just a flakey buyer and you're not just cancelling it arbitrarily?
You have to wait 4 days to cancel on a non-payer. When you cancel you have to select the reason and one of them is that they didn’t pay. That option doesn’t appear for 4 days.
@@AutomaticComics Thanks for the feedback. For me it's been 4 days for my one auction. So then you go ahead and reach out to the next-highest bidder usually?
There’s an option on the listing where you can offer to a lower bidder. You don’t directly message them, you basically tell ebay to offer it to them.
@@AutomaticComics thanks, I appreciate your taking the time to reply.
Do you rely on subscription pricing data when buying, selling or making slabbing decisions?
I don't go off of FMV if that's what you mean, but I do heavily use pricing data from places like GPA to estimate the values of comics.
@@AutomaticComics I was curious about that, but also if you include subscription fees in your costs.
Those are part of my general business expenses yes.
@@AutomaticComics Which do you subscribe to? Is that in another video?
I have all three (GPA, CovrPrice, and GoCollect)
Ironically, I got my first no-pay within a day of watching this. Frustrating. I am staring my sole proprietorship and was wondering if you keep track of CGC fees/shipping as costs of business?
Yes, anything that goes towards the business is a business expense.
The 4-day period on ebay is very lame. They should allow sellers to cancel an order after 24 hours or no later than 48 hours.
I agree. I think 4 days is excessive. I’m happy to give longer if they need time, but it’s pretty obvious you’re being ghosted after a day or two.