LEGO minifigures are a popular collectible item, and there is a thriving market for buying and selling them for a profit. If you’re thinking about getting into the LEGO minifigure resale business, there are a few things you need to know.
First, you need to understand the market and what minifigures are most valuable. Some factors that affect the value of a minifigure include:
- Rarity: The more rare a minifigure is, the more valuable it will be.
- Popularity: Minifigures from popular LEGO themes, such as Star Wars and Marvel, are generally more valuable than minifigures from less popular themes.
- Condition: Minifigures in good condition are more valuable than minifigures that are damaged or missing pieces.
Once you understand the market, you can start looking for deals on minifigures. You can find minifigures for sale at a variety of places, including:
- Online marketplaces: eBay and BrickLink are two of the most popular online marketplaces for buying and selling LEGO minifigures.
- LEGO stores: LEGO stores often have sales on minifigures, and they also offer a variety of exclusive minifigures that are not available elsewhere. For instance, oftentimes they have a “build your own minifigure” section where you can build 3 for $10. Many of these parts and pieces aren’t available anywhere else and make for a good flip opportunity.
- Garage sales and thrift stores: You can sometimes find great deals on LEGO minifigures at garage sales and thrift stores.
When you’re buying minifigures, it’s important to inspect them carefully to make sure they are in good condition. You should also make sure that you are getting a good deal. You can use a website like BrickLink to check the current market value of a minifigure.
Once you have purchased some minifigures, you need to decide where to sell them. You can sell your minifigures online, at LEGO stores, or at local toy stores. Another great place is WhatNot. It’s a new-ish live streaming app where you can hold live auctions for items. Many minifig sellers have had great success on whatnot and we’ve personally spoken to one who repeatedly grosses over $1,000 per hour when streaming. When you’re selling your minifigures, it’s important to be competitive with your prices. You should also make sure that you are accurately describing the condition of your minifigures.
Here are some additional tips for buying and selling LEGO minifigures for a profit:
- Focus on a specific niche. It’s easier to become an expert in a particular area, such as Star Wars minifigures or minifigures from a specific LEGO theme.
- Be patient. It takes time to build up a successful LEGO minifigure resale business. Don’t expect to get rich quick.
- Be honest and transparent. Accurately describe the condition of your minifigures and be upfront about your prices.
- Build a good reputation. Respond to buyer inquiries promptly and ship your items quickly and securely.
If you follow these tips, you can be successful in the LEGO minifigure resale business. Just remember to be patient and persistent, and always be honest with your buyers.