That first tip is super important! I used to do this years ago. I would buy sets full price, or for an awful discount, just to increase my inventory size. It wasn’t even close to being worth it and I’ve got many of those lots still in my store years later.
Yeah, a big tip, that seems obvious, but sometimes we want to see that part count in our store get higher. Its a little addicting. Sometimes its hard to realize we just need to wait. Thanks for watching! It means a lot!
These are HUGE tips! Great video. Like you said at the end I mostly use my BL store to make a little bit of money but mostly to help fund my own MOCs and minifigs I want. Its been great for me just being able to in a sense "recycle" that same money onto new LEGO that I want. The more I sell the more I can buy!!!
I hope they are helpful tips. I wanted to get some other ideas out there that most BrickLink selling RUclips channels don't touch on. Hopefully they help! It is nice to find a means of funding your hobby using your hobby! Haha. Thank you for following along J H!
I agree on tip #1 of don’t just go buy Lego. As I start to run out of new sets to part out, I buy bulk lots of used lego to supplement my store with. Then when good sales appear, I switch back. This way I’ve found I’m never short of pieces to add to the store.
That is smart! We've had discussions as to whether or not we want to get into selling used pieces, but we haven't yet done so. It's smart to just have a bulk lot of used LEGO sitting around though to be able to keep adding parts even when sales are low. Might steal that idea. 😉 Thanks!
Just know going in used parts are a whole different beast. You’ll get a lot more variety, but it takes longer to sort and you’ll get plenty of lots with only a few pieces. But I like sorting, so I don’t mind. And there’s always plenty of bulk lots everywhere.
@@ryana6409 I think, new and used parts are even two different business models: * On selling new, your main cost are the parts. A part out value of 3 is considered good, which however you know before buying. Also you have a rather low number of possible lots (Lego themselves has only about 12k) and the part value will probably only go down, because the part is currently available by an increasing number of sources. Also your typical customers are either MOC builders (buying insane numbers of the same piece) or minifig collectors, who are looking to pay less than the whole set. * On selling used, you main cost is the work (and partly the storage). You never know what exactly you'll get and need a lot of work sorting and removing trash. But this gives you a part out regularly between 5 and 10 and another group of customers: Collectors, who want to complete their sets, for which you may have the only fitting offer in a whole country. Because even giant stores with ober 30k lots aren't even close to having "everything".
Thank you! I hope that these tips are helpful, because they are a little different than the normal tips most people say on their channels! Thanks for watching cbad!
@@JustABrickInTheBucket I think your content will ensure many will be helped...it was not here for me or others.... one that would help is a fake part out screen.where you show what boxes to click...ie set number how many, price and remarks .not all know it when you start
Thanks Nelson! Our newer cards, or the ones we currently use have been updated with a spot for the order number, as well as who pack the order to make it a little more personal. Thanks for the suggestion, and thank you for watching!
Another excellent vid. Very informative, thanks for sharing. I guess I better open my store with the 30k parts I’ve already uploaded to get used to the order flow before I upload a few hundred thousand parts then open because I may be overwhelmed buy orders. 🤦🏼♂️
I consider myself to be a very honest person so when i say things like "great video" for whatever reason I mean it. I'm going to open a store sometime in next few months and u and bricktsar r the reason I feel comfortable doing it. I watch pops block shop but he is more about ebay on his videos.. And leg bros is mostly just mini figs.. So yea, u guys r definitely the reason I feel like I can do it
Great tips. Thank you. I was wondering how you value a store. I run an independent LEGO shop online called The Missing Piece. Recently I was approached to buy a BrickLink store. I’m interested in purchasing it but I have no idea how to value the store. This store has just over 90,000 items in around 6,000 lots. I have visited their office. Everything if nicely organized in drawers and containers. I would be purchasing everything. Website, piece and fixtures. Any advice?
Just like BG said. Why do they want to sell? Is it a lack of sales? because maybe they dont have the right inventory. Or maybe they lost the passion for it and maybe it's a steal.
Hi Dustin! Because you are buying the entire business, they should be able to share information as to how their past sales have been and stuff like that. If they choose to keep some of that information hidden, that would put up a red flag for me. It is hard to give a store a value just based on the fact that they have 90,000 parts in 6,000 lots. You also have to know if they are new or used pieces, and know what parts they do have. Do they have mini figures, technic parts, etc. You also need to know if they have a customer base, or if that is the reason they want to get rid of it, because they are not getting enough sales. Make sure to know the numbers side as well and hopefully they will share that with you. If I were to say a number but DO NOT take this as the right answer, I would lowball it and offer $4,000. I doubt they'd go with that low of a number for all the parts and drawers, and website, but without additional information, I wouldn't feel comfortable spending any more than that. Another question to ask yourself is if it is worth your time to continue running their store, or are you going to implement all of their parts into your store? Just some thoughts, but its a great opportunity, and one to take advantage of if benefits you and them both.
Hi Hytale, I will be doing a video next Monday about the packing process and all the supplies we use, so you can look forward to that video! Thanks for watching!
great tips, how many parts would you say you need in your store to be doing this full time, I estimate around 500k with a good variety of lots? what would you think?
Good question! I have done some research, and I believe between 600k and 800k is a good amount to have to do BrickLink full time, though of course that depends on all the pieces you are selling and the way your business plan is set up, etc. I will talk more about this in the next episode of BrickSide Chat! Thanks for watching!!!
@@JustABrickInTheBucket thanks for the response, yes that is about what I figured it would be. There are a lot of variables but we could probably get a return rate on average or for every 1000k profit you need x amount of inventory on average... be valuable to lots of sellers I think as they get started, realistic. Keep up the great channel
That first tip is super important! I used to do this years ago. I would buy sets full price, or for an awful discount, just to increase my inventory size. It wasn’t even close to being worth it and I’ve got many of those lots still in my store years later.
Yeah, a big tip, that seems obvious, but sometimes we want to see that part count in our store get higher. Its a little addicting. Sometimes its hard to realize we just need to wait. Thanks for watching! It means a lot!
These are HUGE tips! Great video. Like you said at the end I mostly use my BL store to make a little bit of money but mostly to help fund my own MOCs and minifigs I want. Its been great for me just being able to in a sense "recycle" that same money onto new LEGO that I want. The more I sell the more I can buy!!!
I hope they are helpful tips. I wanted to get some other ideas out there that most BrickLink selling RUclips channels don't touch on. Hopefully they help! It is nice to find a means of funding your hobby using your hobby! Haha. Thank you for following along J H!
You have gained a sub. Thanks for the tips just starting my store 🙂 😀
You are so professional! Thanks for your great tips!
I agree on tip #1 of don’t just go buy Lego. As I start to run out of new sets to part out, I buy bulk lots of used lego to supplement my store with. Then when good sales appear, I switch back. This way I’ve found I’m never short of pieces to add to the store.
That is smart! We've had discussions as to whether or not we want to get into selling used pieces, but we haven't yet done so. It's smart to just have a bulk lot of used LEGO sitting around though to be able to keep adding parts even when sales are low. Might steal that idea. 😉 Thanks!
Just know going in used parts are a whole different beast. You’ll get a lot more variety, but it takes longer to sort and you’ll get plenty of lots with only a few pieces. But I like sorting, so I don’t mind. And there’s always plenty of bulk lots everywhere.
@@ryana6409 I think, new and used parts are even two different business models:
* On selling new, your main cost are the parts. A part out value of 3 is considered good, which however you know before buying. Also you have a rather low number of possible lots (Lego themselves has only about 12k) and the part value will probably only go down, because the part is currently available by an increasing number of sources. Also your typical customers are either MOC builders (buying insane numbers of the same piece) or minifig collectors, who are looking to pay less than the whole set.
* On selling used, you main cost is the work (and partly the storage). You never know what exactly you'll get and need a lot of work sorting and removing trash. But this gives you a part out regularly between 5 and 10 and another group of customers: Collectors, who want to complete their sets, for which you may have the only fitting offer in a whole country. Because even giant stores with ober 30k lots aren't even close to having "everything".
Wonderful tips, awesome video! Much appreciated, have a super week.
Thank you! I hope that these tips are helpful, because they are a little different than the normal tips most people say on their channels! Thanks for watching cbad!
The bricklink community needs you here.new to bricklink will have a great source of info keep it up
Thank you for your kind words! It means a lot. I plan to keep going to help anyone who needs help with BrickLink! Thanks for watching Matthew!
@@JustABrickInTheBucket I think your content will ensure many will be helped...it was not here for me or others.... one that would help is a fake part out screen.where you show what boxes to click...ie set number how many, price and remarks .not all know it when you start
So glad idubzzz is starting a new career in brick selling
lol
xd
Business card is great. Make sure you can add the ORDER # on business card. Easier for your buyers to find it on Bricklink.Thank you for video.
Thanks Nelson! Our newer cards, or the ones we currently use have been updated with a spot for the order number, as well as who pack the order to make it a little more personal. Thanks for the suggestion, and thank you for watching!
Another excellent vid. Very informative, thanks for sharing. I guess I better open my store with the 30k parts I’ve already uploaded to get used to the order flow before I upload a few hundred thousand parts then open because I may be overwhelmed buy orders. 🤦🏼♂️
I would recommend doing that, yes. It will also help to offset the cost of the initial investment as you sell parts. Thanks for watching!
Hey, short question, but how do you calculate the value of a set?
hey if you haven't found out just search it up on the store and find out the average
There's also a part out value
Thank you for the video and the tips, be safe
Thank you, you stay safe as well!
I hit the like button as soon as the video pops up.
Thank you for that! I hope the video was helpful!
I consider myself to be a very honest person so when i say things like "great video" for whatever reason I mean it. I'm going to open a store sometime in next few months and u and bricktsar r the reason I feel comfortable doing it. I watch pops block shop but he is more about ebay on his videos.. And leg bros is mostly just mini figs.. So yea, u guys r definitely the reason I feel like I can do it
How do you know which sets are worth parting out?
Nice tips and good video.
Thanks! I hope they are helpful!
Great tips. Thank you. I was wondering how you value a store. I run an independent LEGO shop online called The Missing Piece. Recently I was approached to buy a BrickLink store. I’m interested in purchasing it but I have no idea how to value the store. This store has just over 90,000 items in around 6,000 lots. I have visited their office. Everything if nicely organized in drawers and containers. I would be purchasing everything. Website, piece and fixtures. Any advice?
Why do they want to sell it?
Just like BG said. Why do they want to sell? Is it a lack of sales? because maybe they dont have the right inventory. Or maybe they lost the passion for it and maybe it's a steal.
The owner is to busy with other business he does. Wants to sell the shop to another LEGO person with the hope that it will keep going.
@@dustinhughes7643 just let them dhow you how many purchases they had over a certain period of time.
Hi Dustin!
Because you are buying the entire business, they should be able to share information as to how their past sales have been and stuff like that. If they choose to keep some of that information hidden, that would put up a red flag for me. It is hard to give a store a value just based on the fact that they have 90,000 parts in 6,000 lots. You also have to know if they are new or used pieces, and know what parts they do have. Do they have mini figures, technic parts, etc. You also need to know if they have a customer base, or if that is the reason they want to get rid of it, because they are not getting enough sales. Make sure to know the numbers side as well and hopefully they will share that with you. If I were to say a number but DO NOT take this as the right answer, I would lowball it and offer $4,000. I doubt they'd go with that low of a number for all the parts and drawers, and website, but without additional information, I wouldn't feel comfortable spending any more than that. Another question to ask yourself is if it is worth your time to continue running their store, or are you going to implement all of their parts into your store? Just some thoughts, but its a great opportunity, and one to take advantage of if benefits you and them both.
Do you have an example of your packing? Is this a video you could do / have done?
Hi Hytale,
I will be doing a video next Monday about the packing process and all the supplies we use, so you can look forward to that video! Thanks for watching!
@@JustABrickInTheBucket Great! I will certainly be watching that when it is released!
At what time are you going to Ship worldwide again?
Hello clypeum!
We will probably start again in the first few days of May!
Thanks for watching!
@@JustABrickInTheBucket I'd love to purchase from you
great tips, how many parts would you say you need in your store to be doing this full time, I estimate around 500k with a good variety of lots? what would you think?
Good question! I have done some research, and I believe between 600k and 800k is a good amount to have to do BrickLink full time, though of course that depends on all the pieces you are selling and the way your business plan is set up, etc. I will talk more about this in the next episode of BrickSide Chat!
Thanks for watching!!!
@@JustABrickInTheBucket thanks for the response, yes that is about what I figured it would be. There are a lot of variables but we could probably get a return rate on average or for every 1000k profit you need x amount of inventory on average... be valuable to lots of sellers I think as they get started, realistic. Keep up the great channel
What does it mean to “part out”
"Parting Out" essential means just sorting piece by piece and inventorying each individual part instead of selling an entire set. Hope this help!
@@JustABrickInTheBucket I did actually! If I’m new starting out a brick store. Is it smarter to buy sets and part them out?
What sorting system do you use?
Unfortunately, I do not understand the question. Can you elaborate? Thanks!
Your storage