1. You have to love Lego and/or sorting. I can't imagine doing it any other way because it can be tedious. 2. Minifigs for the short term returns. Parts for medium. Sets for long term. 3. You'll quickly learn what colors are the most popular. Sometimes a set will have a seemingly great part out value, but it's all pastel colors. Deeper analytics show that the parts may sell for a good value, but they rarely sell. 4. Along those lines, follow Bricklink sales data not just for the price but frequency of sales. Extreme example: A part sold for $5 once in the past six months will show as "$5 new" but there's 1000+ available on Bricklink. The likelihood you will be able to sell that part is nil (and the price irrelevant)

@HilliansBricks

2 жыл бұрын

very well put.. agree with all your points.

Super interesting, thank you for this useful feedback

Thanks for the transparency and sharing your experience. Great points all well presented.

Thank you for posting Fred, it was a very honest and true behind the sense video.

Thanks for your honest insights. Your knowledge and experience is worth more than bricks! All the best.

Very interesting and honest view, appreciate that.

Thanks for the tips. I had a bricklink store a few years back when I was building my layout. I have not decided to sell it all on bricklink/owl. Great tips. Subscribed.

Great video mate. I'm just getting started on bricklink. Been selling sets for a while and sell minifigs on ebay. I'm viewing this as a long term plan. Two years time I want to be doing it full time. Selling retired sets Is a must if you want to succeed I believe

Very interesting. I've been buying on Bricklink for years and briefly considered starting to sell as well by using my stash of mixed parts to start a store. But it sounds like too much hassle and there's no way I could fit it into my life as it currently is. Also, great to see the beloved King's Castle is the background there!

Very helpful insight Fred Thanks

@HilliansBricks

2 жыл бұрын

Thanks for the feedback!

Great honest material. I would like to explore a bit more financial issues, such as how you calculate COGS, Net profit, GP margin etc. monthly. Is there generally any data that you regularly track like some %ROI dimension?

Thanks Fred , awesome video , id love to start a brinklink store one day , but just collecting for investments atm

Great video. Finally some realism in Lego cuckoo land. So many people dream of making a hobby into $$. They buy without knowing how to sell. Taxes, client service, platform access and fees, fraud... Too many websites telling the crowd to buy sets that will 'double in a year'. 2023 will be a 'brick' bath of frustration

Very interesting video Fred. It is true selling Lego isn't as easy as it looks. You do have to put a lot of time, effort and money into it to reap any rewards. I sell mixed used Lego on Facebook then from the profits invest in sealed sets and that takes up many hours. I wouldn't have the time for a bricklink store as I work full time. The other problem with buying and selling Lego is you just can't resist a bargain. You know you have gone over the buying budget but you can't help yourself. Especially on your Friday Lego deals Fred. 😀

Great video! Awesome to share with the community that BrickLink isn't the best thing ever... I'm quite shocked by the small amount of revenue you get out of your store? I'm at 280K parts & a bad month for me would be 2.000€, so wondering why you get so little traction. Although, I'm not based in the UK, maybe that market is oversaturated.

What do you think of 'bagging out' sets?

Thanks Fred, I have a eBay store in Ireland (Cavanpicker)with about €50,000 Euro of sets, started about 2 years ago but only 20% have retired up to now, was thinking of setting up a Bricklink store, but have no time or room for it at the moment, don't know how many Bricklink stores are in Ireland.

@HilliansBricks

2 жыл бұрын

seems like there are currently 62 stores open => www.bricklink.com/browseStores.asp?countryID=IE&groupState=Y

This was great fred...the one thing I found expensive is the storage...First I got the macalister stackons at 25 quid a time...now I use aldi or lidl at 8.99...a good deal

@HilliansBricks

2 жыл бұрын

I find that you cant go cheap on the storage as its a one off cost but you want it to last and be efficient.. I got Raaco ones that on average cost me £22-25 and I'm happy with them. I personally wouldn't go with Aldi or Lidl ones as there is no guarantee that you could get more of the same unit when you may need them.

@chunkhunk47

2 жыл бұрын

@@HilliansBricks like you space is a premium so I got enough and spares to fill my entire walls...have 30ish spare

Somethings will never sell - Thinks of 1x1 coral quarter tiles!

The truth: if you want it to 'pay tbe bills,' it's a full-time job.

I have been buying a lot of bricks and tiles from the German bricklink stores due to their insanely low prices.

Dope

I don’t understand why most bricklink sellers sells parts, the money is in the fig… I started 5 months ago and I’m already at a 45k of sales which is an average of 9k of sales each months with profit margins of around 40%, I don’t even do it full time, so I think this is where the real potential is

@pooletrainboy

11 ай бұрын

Where would you get individal figs from though?

thanks Fred 62 is not that many may have ago soon.

Im going to start a full-time bricklink-Store very soon. Im handicapped from the start by living in switzerland. Other than the other European countries we are not in the EU. So every order outside of switzerland would have to pay 19% for literally nothing except border-control. However, on the other hand this also is the same vice versa.... so customers in switzerland actually would prefer a swiss shop to buy from to not pay that. I will also hodl lego sets and doing some crypto-trading on the side to pay for my life. I will start in january and videos like this from experiences sellers are worth gold for me... .and a bit grounding... which is important too to lower my expectations. Despite i plan to do this the biggest part of the day i will focus on making other income-streams as well... i rather limit myself with my spendings and do something i love than keep doing the wagie-job i hate. Thanks alot for all those answers.

Where do you ship in the uk?

@HilliansBricks

10 ай бұрын

everywhere as long as Royal Mail ships it there..

No I actually don’t ordered because every time and I mean every time they say tbd for the shipping so I could be paying 10000 in shipping for a single brick

How dare you have a go at the 2x6 Orange Brick! I sold 1!!!!

@HilliansBricks

2 жыл бұрын

How many of those fox lodges did you part out? 3? so you potentially have another 32 in your store then :)

@markdixon7376

2 жыл бұрын

@@HilliansBricks I might have 31 left!!! ;-)

Very true i find it funny how a lot of younger people jump into it thinking its a get rich quick. Not always the case. Anyways nice video. Sadler_bricks