Thanks for Watching! ‼️Question of the day: Do you invest in Lego to make some money on the side?

One quick thing I would like to note, is that you absolutely can buy sets early in their shelf life if you find a spectacular deal on it, because then you can hopefully resell it right away for close to retail price. You tend to find these great deals at local pickers/antique stores, thrift stores, and occasionally retail stores. An example of this is, I just recently found the luigi started course at one said pickers shop for $25 sealed (orig $60), this you could then quickly sell for $50-$55 since the set is still so new and make a quick $25 ish profit.

@TheBrickQuest

2 жыл бұрын

Very true and good point! My statement was more directed toward long term investing but quick flips are also a great way to make some quick money. That an amazing deal on Luigi too since that just came out last month! Thanks for watching and the feedback!

1) Passion (for LEGO, obv.)! 2) Look for sales. 3) Don't go into debt. 4) Buy sets close to retirement (not at release). 5) Hold for 2 ~ 3 years. 6) Buy bigger sets if possible.

As a beginner for LEGO investments this video was really helpful to me ! Thank you for taking the time to record and I hope to see more beginner/how-to content in the future :)

@TheBrickQuest

2 жыл бұрын

Thanks Chris! Glad it was helpful! There will be more lego investing content coming soon!

Good advice. Thanks.

Thank you for the great explanation! Im a lego lover too and I am thinking that lego is a really great investment for the future! Cant wait for your other videos!

@TheBrickQuest

2 жыл бұрын

Definitely! Glad it was helpful and let me know if you have any questions That I can help with along the way!

Subscribed. Excellent and very true tips. Everything you said is 100% correct. Thank you!

@TheBrickQuest

Жыл бұрын

Thanks Ronnie!

Appreciate the tips, I love LEGO so this would be good for me. 🙌🏼

@TheBrickQuest

2 жыл бұрын

Definitely! Lego investing is for anybody and everybody! Good luck and thanks for watching! Make sure to Subscribe for more LEGO content coming your way!

@branphloe-mixes

2 жыл бұрын

@@TheBrickQuest Thank you! :D

Great vid. Love to see more tips

@TheBrickQuest

3 жыл бұрын

Thanks Erik! Definitely will have some more videos coming your way on Lego investing tips and how to’s.

Good tips, when i started invisting in Lego i buy the millennium falcon (75192) its kind of funny investing in Lego as a adult , by the way nice video mate, keep up the good work, i will subscribe to your channel.

@TheBrickQuest

3 жыл бұрын

Thank! Hope it was helpful! Good call on the Millennium Falcon! I definitely think you make some money on that one once it retires. Appreciate the Subscribe! More Lego content to come!

Good tips! Thanks a lot! I am new in the lego investing world

@TheBrickQuest

2 жыл бұрын

Glad it was a help! Lots of good money to be made in Lego Investing so keep it up. More Lego investing content to come!

@LegoBrickInvestment

2 жыл бұрын

@@TheBrickQuest awesome 😃

Man, I hope that passion tip rings true. I'm been into Lego for years not as a seller but as a fan and customer. even since I was a kid I've seen sets introduced, go on sale, retire, and then shoot up in price on Amazon after a year or two. I feel like I've got a pretty good handle on how system work and I really feel like I can take the next step and start inventing in them just because I'm so familiar. This video and a lot of other ones are giving me the confidence to go in and try investing. I hope I can pull it off, I'd love to have a side revenue system (so I can actually support buying the Lego sets I really want!)

@TheBrickQuest

3 жыл бұрын

Definitely! It sound like you have gathered a great knowledge base from being a customer for so long! You will do well! It’s all about watching the market and picking the right sets and themes and then selling them when they hit the price you are wanting! Good luck and thanks for watching! More videos on this topic to come soon!

@mtisboss2775

2 жыл бұрын

How has it been goin??

Star Wars sets, IDEAS sets and Modular buildings are usually quite safe investments

@TheBrickQuest

3 жыл бұрын

Definitely! Great advice on picking up those themes. Very rare that they don’t go up in value. Thanks for the input!

@wilso4499

3 жыл бұрын

What about 20th anniversary Harry Potter and certain creator sets ?

@SirBricks

3 жыл бұрын

@@wilso4499 Most Creator Expert sets tend to do quite good, or atleast alright. Certain 3-in-1 sets like the new Ferris Wheel will probably do quite well too, and I think some of the 20th anniversary sets can be a good investment. Those golden figures and the tiles are very collectable

@wilso4499

3 жыл бұрын

@@SirBricks ok sweet thanks mate

@SirBricks

3 жыл бұрын

@@wilso4499 👍

Just saw this today. Yes please more tips.

@TheBrickQuest

2 жыл бұрын

Sure thing! More coming soon! Thanks for watching!

Thanks for the video

@TheBrickQuest

Жыл бұрын

Sure thing!

Thanks so much for the awesome tips. I've just started down this journey, and like you, I first had the idea of just funding my modest Lego habit by reselling a few sets. After some research, my eyes opened up to the world of Lego investing. So much to consider and decide! On larger vs. smaller sets: isn't there the downside of (very) high shipping costs when selling a large model? For example, the Stranger Things Upside Down is quite large (though by no means the largest), and I imagine shipping (including box and packing material) to be substantial. It's all passed on to the buyer, of course, but it factors into the buyer's decision to buy (or to decline). I'd love to hear your thoughts.

@TheBrickQuest

2 жыл бұрын

Absolutely! Glad you enjoyed the video and found it helpful! On larger vs smaller that is very good question! I actually did a whole video in this topic. Here is the link: kzread.info/dash/bejne/ZoRrl9KMhsbKYco.html It is more expensive to ship a larger set. Typically a larger set is $20-30 per set to ship via eBay. Small sets are anywhere from $7 up per item. Most of the time you can ship one large item and make the same money as 4-6 smaller sets. It ends up costing more time and money to ship a whole bunch of small sets.

I'm agree with you for buying big sets. Ninjago City Gardens it's the perfect example!

@TheBrickQuest

2 жыл бұрын

Thanks for watching! Hope this helped!

I buy sets for under 100 normally once’s that are about to retire at a nice discount then flip them around Xmas. I make a nice little return and pays for my Xmas.

@TheBrickQuest

3 жыл бұрын

That’s great! I also like that medium $100 price point! I also like the idea of planning the selling around the holidays! Great time to sell with buyers out in force and paying top dollar! Thanks for the feedback!

I am curious about picking up the Scooby Doo van and large sets that come with mini-figs such as the new Daily Bugle set. How do you know if a set "will" go up in value? Also, do sets fluctuate in value where there are periods of depressed prices? What is considered a large set? How many pieces is considered large? If I do want to invest in Lego should I shop for a theme such as Marvel character sets, Scooby Doo, Disney, etc...?

@TheBrickQuest

3 жыл бұрын

All great questions! Sets with minifigures can be very popular! Especially sets that have exclusive minifigures. The Daily Bugle has several cool exclusive mini-figures. There is not a sure way to know if they will go up in value but if you stick with popular themes and licenses such as Disney, marvel, Lego Modulars etc You will typically do well! Sets prices can fluctuate after retirement but will typically have an upward trend if it’s a good set. I am typically looking for sets that are at least $100 or more. Not to say that a $60 architecture purchase wouldn’t be a good purchase as well! 80% of my investment sets are $100 or more. Look for sets that are high demand and have a popular track record and purchase them right before they retire at a good price if you can! More to come on the investment topic! Thanks for watching!

Thanks for your tips for beginners! What do you think about the Batmobile 1989. I think, it is EOL end of this year.

@TheBrickQuest

2 жыл бұрын

Hope it was helpful! I definitely believe the 1989 Batmobile will be a good investment. I am holding a few myself!

@ulif.7593

2 жыл бұрын

@@TheBrickQuest Thanks for your answer. What is the US-Price for it?

@TheBrickQuest

2 жыл бұрын

@@ulif.7593 the US price is $250 but If you purchase from target there is 5% discount with the red card

I was dancing to the music the whole video.

@TheBrickQuest

2 жыл бұрын

I thought the music was pretty catchy too!

Hmmm I guess I do a little but it is hard to get a quick return. Typical return I am seeing is 4 years after set is retired. I flip other items that I can get a faster return with little storage... lol but of course that income funds the LEGO hobby...lol

@TheBrickQuest

3 жыл бұрын

Very true about a quick return! I try to sell within the 2-3 years in some cases due to the fact that I stop seeing as significant a continued climb in value. Some sets definitely do take that 4+ years. I feel it’s better to sell once it stops climbing as quickly and put that money back into sets that are newly retired that will have stronger growth at first. But just like you said, storage is tough and there are other great items to sell as well! At the end of the day as long as we can fund this expensive hobby one way or the other it all works. 😂

Could you explain in a video when you decide the right moment to put your sets on selling and how you define the correct price? I'm starting with lego investment and after buying some sets (some modular buildings, some star wars sets that were in discount,...) I wonder if I need to keep on buying, have stock, and then after retirements begin to sell. Excuse me for my poor English.... Thanks for your videos, great job!

@TheBrickQuest

3 жыл бұрын

Thanks for the kind words! I hope this video helps! I can definitely work on a video covering this topic in the future as it is a tricky question to answer!

I like the idea of investing in larger sets, but those are hard, for me in Canada at least, to get them on discount. Any tips on finding deals on larger sets? Great video!

@TheBrickQuest

2 жыл бұрын

Thanks! Yes the larger popular sets can be harder to find on discount. Some of the sets, like modulars, are typically hardly ever going to be discounted. Other larger sets on Lego Ideas etc can a lot of times be found on discount at Christmas time when they are about to retire! That is the time to grab them. Also, Zavvi is good website to buy discounted larger sets. There are some drawbacks to this as they ship from the UK. Also, keep an eye on FB Lego sale pages that will post periodic deals on sets.

@TheBrickQuest

2 жыл бұрын

Thanks for watching!

Thanks young man. Very helpful!

@TheBrickQuest

2 жыл бұрын

Glad it was a help!

I'd be interested to learn about your experience selling on different platforms and how to go about it ... eBay, Amazon (How to get on it for starters!), is Bricklink worth it, etc. I'm just getting into Lego investing and have a number of sets like Lego Ideas (Treehouse and others), Modular's like Assembly Square, multiples of the speed champions sets that are due to retire soon, and like you said in this video, storage can become a problem space wise! I tend to keep all the sets in the boxes they are shipped to me in, that way it protects them from dust & light damage over time, plus when I want to sell them, they are already in packaging and I don't need to purchase anything extra (that's the theory anyway!)

@TheBrickQuest

3 жыл бұрын

Currently we sell on EBay and Bricklink! I will work on another video that outlines the selling process online that we use. Good choice on the retiring sets! We are actually holding those same ones and storage can be difficult! Storing and keeping them pristine in box can be hard with space but it sounds like you have a good system to keep them in good condition! Stay tuned for some more videos on this topic in the future.

@gators0972

3 жыл бұрын

I keep the smaller sets, like Speed Champions sets in Walmart cube shipping boxes, because of their firmness, & those will usually hold a large number of small Speed Champion sets depending on the size of the Walmart cube size. As for the bigger sets, I find keeping them in their original shipping box eventually takes up too much space in your storage, once you reach a certain level, so I like to break their shipping boxes down, & place sets vertically in storage. Haven't really had a problem with seals loosening over time with that. I like to get bigger sets from Lego stores directly due to the chance of shipping damage in transit, which can be high with Target, & Amazon, but if you don't live near a store, then of course no choice but to get online.

@TheBrickQuest

3 жыл бұрын

@@gators0972 Good call on the Speed Champions! I know the Speed Champions and Architecture themes always tend to do very well! Storage can definitely be big issue with the bigger sets! Thanks for the feedback and tips! Good info!

@Bouzouk44

2 жыл бұрын

@@gators0972 Really agree with you. I have really bad experience of shipping with Amazon... And you can't sell at good price a set of Lego if the box's damage. Last time i have order two sets in online Lego store. The sets arrived in very bad conditions. I have email Lego, they give me a answer so fast, offer 2,500VIP points and shipp me directly two new sets (send back for free the two box broken sets). So yes, discount it's not the only important think. Shipping quality it's very important !

That lamp in the background. Lol, the 60ies are long over man....

@TheBrickQuest

3 жыл бұрын

Trying to relive the golden years! Lol

@luckymel7335

3 жыл бұрын

@ Free MGTOW You mean 60s ? 60ies doesn’t even make sense lol you tried make a joke out of someone but instead made yourself look a fool 😂

Your audio is very echoey. Most people may not notice or care but I think from a production standpoint you could improve on that easily and it would be a better experience for your subscribers. Acoustic wall treatments and or a different microphone would help a lot

@TheBrickQuest

2 жыл бұрын

I know the echo is a bit bothersome. Thanks for the advice and feedback! Always appreciated and I am working on implementing some changes to help with this!

Hi, don't you think that there's a higher probability for a small (and good) set to increase by 100%, in a relatively shorter period, compared to a large set? I know there's more work with sales and shipping, but perhaps the higher profit margin makes it worthwhile? Additionally, if we consider cash flow, selling a large set, especially at a higher price than the catalog price (which is already substantial), will be much more challenging than selling several smaller sets.🤔

@TheBrickQuest

10 ай бұрын

All good points Dominic. It is possible that the smaller sets could grow in value faster in some cases depending on the set. The big thing for me is time and expense. It just takes a lot of time to sell a lot of smaller sets and also more expense shipping each set. Still definitely plenty of money to be made with smaller sets but just something to consider.

@dominmax

10 ай бұрын

@@TheBrickQuest Maybe smaller sets are a good option for a local market where the shipping cost could be reasonable.

What about buying sets in europe with the different languages on the boxes does that effect price? Do people buy from different countrys and will they offer less if it isn't english. (mb for any spelling errors)

@TheBrickQuest

2 жыл бұрын

I have not directly seen if affect the price but I would say that English sets would probably be the most desirable and sell the best just because of demand.

what do you think about the Lego ninjago city gardens?

@TheBrickQuest

2 жыл бұрын

I think Ninjago City Gardens will be a great investment looking at past Ninjago city sets! Since it just came out I would wait closer to retirement if you can. Thanks for watching Jacob!

how do you ship? it is expensive to mail big, oversized boxes......do shippers give discounts to people like us? how do you set that up?

@TheBrickQuest

2 жыл бұрын

If you ship directly through eBay then you will get discounts. If you ship with Bricklink, then I would use the free service called Pirate ship to ship your LEGO. They discount the shipping costs.

@judithsears6032

2 жыл бұрын

@@TheBrickQuest thank you so much!

Hi, do you buy your Lego's as a private person or as a company?

@TheBrickQuest

Жыл бұрын

Good question! Currently just as a private person. Mostly to pay for hobby etc. I may change that in the future is it grows.

How do you know about retirements ? Confused on that

@TheBrickQuest

3 жыл бұрын

A lot of knowing which sets are retiring is knowing the normal shelf life for similar past sets and themes! You will also normally see postings in the Lego community of what sets are expected to retire at the ends of each year! Keep an out on this channel as I’m sure we will go over some of those retiring sets in a video as we near the fall of 2021!

I wanna start lego investing but i don't know what sets will double-triple its value, any suggestions?

@TheBrickQuest

Жыл бұрын

I would start investing this holiday season with the sets in my top 10 video. Here is the link: kzread.info/dash/bejne/qoN2xs-oeNG6gco.html these are all sets that should be getting discounted and will also be retiring so they should build in value. They are the sets that I will be looking at investing in myself.

If I buy a $50 set and sell it for you $100 how much of that should I put back in to investing and how much to put back into just buying lego sets to build and play?

@TheBrickQuest

2 жыл бұрын

Thanks for watching Ashton! Good question! If you are trying to build up a good chunk of Lego cash you may want to put all your profits back into investing. This will build up your funds quicker which will allow you to have more money down the road. If you are wanting to enjoy at the same time then maybe go half and half with your profit after expenses. Put away half for future investing and the other half to enjoy your Lego hobby! Hope this helps!

@sadcowboysfan2114

2 жыл бұрын

@@TheBrickQuest yes it definitely does help thank e

Would it be worth collecting sealed lego sets and keeping them sealed till I retire in 30yrs then sell them

@TheBrickQuest

2 жыл бұрын

Good question! I’m sure that some sets would grow in value substantially over that long a period of time. Most sets though tend to slow down their aftermarket growth in the 3-5year span. I prefer to invest in them and then sell them once they have doubled or tripled in price so that I can do it again. You will probably still make money keeping them 30years but more money could probably be made if you buy/sell every 3-5years. Just my opinion. Good luck!

@dominmax

10 ай бұрын

Remember that not only the prices of sets are increasing, but also inflation is on the rise. If inflation grows faster than the value of your sets over 30 years, you'll end up losing in the long run. For instance, if inflation were at 3% per year (and in recent years, in some countries, it has been far higher), over 30 years, to break even on a set you purchased for $100, you would have to sell it for at least $380. I think people who are amazed by the astronomical prices of past sets often overlook inflation, which automatically raises prices not only for everyday items like bread and eggs but also for LEGO sets :)

Hello I am new in the game and always enjoyed Lego. Where do you sell it in the UK?

@TheBrickQuest

2 жыл бұрын

Hi! We predominantly sell in the US but we do sell on Bricklink only in the UK! Good luck with everything and thanks for watching!

@thecarnivorerunner911

2 жыл бұрын

@@TheBrickQuest Thank you for your reply and great video. I was planning buying: Ghost Buster Car, City Centre, Bowsers Airship, Hogwarts secret chamber, The endless sea temple, Ultra Sonic Raider. What do you think of those?

@TheBrickQuest

2 жыл бұрын

@@thecarnivorerunner911 I would say those all will probably do well! The ones I’m least excited about on that list are the Ninjago sets and the City Centre. It’s hard to always tell which ones will do best but those would be the last ones I would invest in.

@TheBrickQuest

2 жыл бұрын

@@thecarnivorerunner911 also remember to invest in those sets as close to retirement as possible and try to catch them on sale!

@thecarnivorerunner911

2 жыл бұрын

@@TheBrickQuest Thank you for your answer. I will look at the others. They are on sale at the moment due Christimas.

As a Lego Investor, is it better to concentrate on specific niches and be good in them? SO that you can become kind of an Expert in some niches? Or do you need to have the whole market in your Eyes as an Investor?

@TheBrickQuest

2 жыл бұрын

Good question! I typically like to know a little about everything in the LEGO world but there are specific areas that I tend to put most of my focus when it comes to investing. I try to focus on the areas of LEGO investing with the best track record of profitability and the areas of LEGO that I enjoy the most!

@eduardleppur

2 жыл бұрын

@@TheBrickQuest thank you for your detailed answer…

Where do you sell? Ebay? Amazon? BrickLink?

@TheBrickQuest

2 жыл бұрын

Primarily EBay and Bricklink for right now! I know Amazon is also a great option but haven’t branched into that platform yet. Thanks for watching!

I have a dilemma. I'm just getting into Lego investing, have spent a scary amount of money, and am taking delivery of my first sets. However I won't know how my collection is going and whether I'm comfortable with Lego investment until at least 1 year from now. Meanwhile, numerous great sets will retire before then. Do I spend even more money on those next year before I have "proof of concept"? Anyone has any words of wisdom?

@TheBrickQuest

2 жыл бұрын

Great question! As with any investment there is always the element of risk. I don't think there is a cookie cutter answer to that question. I would invest in LEGO at your comfort level. I wouldn't worry about missing out on potential good investments because again everything is a risk and good investment sets and deals will always come back around. Always invest at a comfortable level so that if you do lose on some sets it will not hurt you in any major way. Hope this helps a bit and thanks for watching!

@ASwankyLemon

2 жыл бұрын

I'm also about a year in, the first sets I really loaded up on were the Star Wars 20th Anniversary Slave 1 and the Mando/Sith battle packs. I've put about $3k into sets so far, but haven't done any selling or profit taking. I definitely think a set-it-and-forget-it approach focused on long term gains is best, so really I think patience is key to success with LEGO investing

@TheBrickQuest

2 жыл бұрын

@@ASwankyLemon Great point! Patience is definitely key. Also the Lego Star Wars Slave One 20th anniversary edition was a great buy!

Storage of bigger sets is there Biggest problem.

@TheBrickQuest

3 жыл бұрын

Definitely can be a hassle! I’ve got another video coming up that dives deeper into the bigger vs smaller set investment pros and cons! Stay tuned!

please share all those things you talked about! i need help.....

@TheBrickQuest

2 жыл бұрын

Just replied to your comments! Hope this helps!