LEGO® sets are a popular investment, and for good reason. They hold their value well, and they can even appreciate in value over time. One way to make money with LEGO® sets is to buy retiring sets, sit on them for 6-12 months, and then flip them on eBay for a profit.
How to find retiring LEGO® sets
The first step is to find out which LEGO® sets are retiring. You can do this by checking the LEGO® website or by following LEGO® fan sites and blogs. Once you know which sets are retiring, you can start looking for deals on them.
There are a few places where you can buy retiring LEGO® sets:
- LEGO® stores: LEGO® stores often have sales on retiring sets. You can also sign up for the LEGO® VIP program to get early access to sales and other exclusive offers.
- Online retailers: Many online retailers sell LEGO® sets, including Amazon, Walmart, and Target. You can also check out LEGO® fan sites and blogs for deals on retiring sets.
- BrickLink: BrickLink is a marketplace where LEGO® fans can buy and sell sets and individual bricks. You can often find good deals on retiring sets on BrickLink.
How to store LEGO® sets
Once you have bought your retiring LEGO® sets, it is important to store them properly. LEGO® bricks are made of ABS plastic, which is durable but can be damaged by heat and sunlight.
When storing LEGO® sets, be sure to keep them in a cool, dry place. Avoid storing them in direct sunlight or near heat sources. You may also want to consider wrapping the sets in plastic wrap or storing them in airtight containers to protect them from dust and moisture.
How to flip LEGO® sets on eBay
Once you have stored your retiring LEGO® sets for 6-12 months, you are ready to flip them on eBay. Here are a few tips for selling LEGO® sets on eBay:
- Price your sets competitively. You want to price your sets high enough to make a profit, but not so high that they are not competitive. You can use eBay’s sold listings to see what other sellers are getting for similar sets.
- Take high-quality photos of your sets. Your photos are one of the most important factors in selling your LEGO® sets on eBay. Be sure to take clear, well-lit photos of your sets from all angles.
- Write detailed descriptions of your sets. Your descriptions should include all of the important information about your sets, such as the set number, name, and number of pieces. You should also mention any condition issues, such as missing pieces or damaged boxes.
- Offer shipping and returns. Most buyers expect sellers to offer shipping and returns. By offering shipping and returns, you can make your listings more attractive to buyers.
Tips for success
Here are a few additional tips for success when flipping LEGO® sets on eBay:
- Focus on popular sets. Popular sets tend to sell for the highest prices. When choosing which sets to flip, it is best to focus on popular sets that are in high demand.
- Be patient. It may take some time to sell your LEGO® sets on eBay. Don’t get discouraged if you don’t sell all of your sets right away.
- Be responsive to buyers. Answer buyer questions promptly and courteously. This will help you to build a good reputation and increase your chances of selling more sets in the future.
Flipping LEGO® sets on eBay can be a great way to make money. By following the tips above, you can increase your chances of success.