Popular Post shadroch Posted July 2, 2021 Author Popular Post Share Posted July 2, 2021 At the six month mark, I'm happy to say sales are going fantastic. I should pass $100,000 in sales this month, and have not touched the heart of my collection. I let go a few books I may regret- Captain America 4 and Superman 14 stand out, but the more I sell, the more i'm willing to sell. Last week I sent 40 big books out on consignment and am preparing to ship 120 raw books and about forty slabs in the next two weeks. I've bought about $6,000 worth of books , set aside 10% for taxes and banked the rest in a separate account. I'm thinking of buying a Tesla pickup but have not got serious yet either. The bad part is I have not touched the approx. 3,000 Tpbs or sold any of my modern stuff, outside of a single yard sale that generated $300. I've reduced my overall inventory less than 5% and am well behind my goal of moving 50% of it, but I'm having a great time doing it. To my amazement, i'm still finding nice books in boxes I thought were searched. Last night I pulled a NM Transformers 1 out of a box of SA Avengers and a VF Thor 169 out of a box of SA reprint books. I am really amazed what many books are selling for. Books I paid $5-8 for five years ago are going for $40-50, and many books I paid $25 or less are selling in the $100 range. One book I paid $800 for in 2015 sold for $5200 and another I paid $250 for in 2011 sold for $4300. So far, so good. No Regerts,as they say. Funnybooks, csaag, Cat and 22 others 25 Link to comment Share on other sites More sharing options...
Cat Posted July 2, 2021 Share Posted July 2, 2021 Glad it's working out, mate. Link to comment Share on other sites More sharing options...
shadroch Posted July 2, 2021 Author Share Posted July 2, 2021 3 minutes ago, Mecha_Fantastic said: Glad it's working out, mate. We don't use the "W" word. I prefer to say it is playing out well., but I appreciate the good thoughts. thunsicker 1 Link to comment Share on other sites More sharing options...
Sweet Lou 14 Posted July 2, 2021 Share Posted July 2, 2021 1 hour ago, shadroch said: I've bought about $6,000 worth of books , set aside 10% for taxes Please put me in touch with your tax advisor. djzombi, Larryw7 and WolverineX 1 2 Link to comment Share on other sites More sharing options...
Funnybooks Posted July 2, 2021 Share Posted July 2, 2021 1 minute ago, Sweet Lou 14 said: Please put me in touch with your tax advisor. Here he is...He can help you Flanders82 and Namtak 1 1 Link to comment Share on other sites More sharing options...
shadroch Posted July 2, 2021 Author Share Posted July 2, 2021 (edited) 10 minutes ago, Sweet Lou 14 said: Please put me in touch with your tax advisor. Remember you only pay taxes on the profit, not the gross sales. Assuming the cost of goods is 30-50% of the selling price, putting aside 10% of the gross sale covers the taxes owed. Buy a book for $400, sell it for $1,000. $600 gross profit- $60 ebay fees, $30 paypal, $10 assorted expenses. $600-$100= $500 profit. 10% of sale price =$100. Edited July 2, 2021 by shadroch Link to comment Share on other sites More sharing options...
Larryw7 Posted July 2, 2021 Share Posted July 2, 2021 Good accounting is a must. namisgr and comicartfan 1 1 Link to comment Share on other sites More sharing options...
AnthonyTheAbyss Posted July 2, 2021 Share Posted July 2, 2021 5 hours ago, shadroch said: At the six month mark, I'm happy to say sales are going fantastic.. You picked a great time period to sell. Also, hopefully you documented this journey somewhere (video journal?) Personally, I couldn't make this big of a change. There's too much nostalgia tied to my collection that I can't let go of. ***Best of luck going forward Link to comment Share on other sites More sharing options...
MattTheDuck Posted July 3, 2021 Share Posted July 3, 2021 Sounds to me like you've rediscovered a thrill. Link to comment Share on other sites More sharing options...
badback83 Posted July 3, 2021 Share Posted July 3, 2021 Wow. Fisionbomb and Hollywood1892 2 Link to comment Share on other sites More sharing options...
Icctrombone Posted July 3, 2021 Share Posted July 3, 2021 Yes this is an amazing time to sell. I sold a Marvel Premiere # 15 and She Hulk #1 in 30 minutes of posting it. They cost me 20 cents total back in the day. Link to comment Share on other sites More sharing options...
WolverineX Posted July 3, 2021 Share Posted July 3, 2021 20 hours ago, shadroch said: At the six month mark, I'm happy to say sales are going fantastic. I should pass $100,000 in sales this month, and have not touched the heart of my collection. I let go a few books I may regret- Captain America 4 and Superman 14 stand out, but the more I sell, the more i'm willing to sell. Last week I sent 40 big books out on consignment and am preparing to ship 120 raw books and about forty slabs in the next two weeks. I've bought about $6,000 worth of books , set aside 10% for taxes and banked the rest in a separate account. I'm thinking of buying a Tesla pickup but have not got serious yet either. The bad part is I have not touched the approx. 3,000 Tpbs or sold any of my modern stuff, outside of a single yard sale that generated $300. I've reduced my overall inventory less than 5% and am well behind my goal of moving 50% of it, but I'm having a great time doing it. To my amazement, i'm still finding nice books in boxes I thought were searched. Last night I pulled a NM Transformers 1 out of a box of SA Avengers and a VF Thor 169 out of a box of SA reprint books. I am really amazed what many books are selling for. Books I paid $5-8 for five years ago are going for $40-50, and many books I paid $25 or less are selling in the $100 range. One book I paid $800 for in 2015 sold for $5200 and another I paid $250 for in 2011 sold for $4300. So far, so good. No Regerts,as they say. Incredible. I say the thrill is back. Amazing sales. Congrats Link to comment Share on other sites More sharing options...
spidrvacc Posted July 11, 2021 Share Posted July 11, 2021 (edited) I did wind up buying a few of the issues i sold back. Glad i sold 3/4 of my collection but wife got her job back she lost when pandemic started and got my hours back and even got a raise so spent last few weeks buying back about 30 books i regretted. Ofcourse i had to pay current prices but still not bad. Happier what I did selling bulk of it, got collection into a reasonable level and I can enjoy it a little more now. Edited July 11, 2021 by spidrvacc djzombi and KCOComics 2 Link to comment Share on other sites More sharing options...
