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opening a brick and mortar lego resale store


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That is awesome, great job and stick to it.  My son is having his twice birthday party at bricks and minifigs.  New owner, first was a solid winner.  We have bought much and traded with the prior owner.  I would have loved to buy the store but just wrong timing.  Your passion for lego will make all the difference. I spent a bundle there because of it.  Even though online was cheaper, you can't replace passion with price.

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Actually Clintonjoseph, Lego does have a wholesaling channel! It's called ITD Orders. I'm dealing with them right now as a matter a fact, they wholesale Lego sets, mini-figures, watches etc. 

You have to fill out a business form they send you if you want to join, if your a brick and mortar store, like yours, you have to send pictures of your store as well. But that's just an idea if you want to wholesale sets from Lego. 

I would need to wholesale the products from Lego for my online subscription business, so it is possible to wholesale. Sense I'm doing  an online business and you have a brick and mortar store, the rules might be different. Not shore? 

I'm not allowed to give out their email, for some reason. :( They want it to be private. 

BUT, go to Lego.com and ask customer support for more info on ITD. If your interested that is. 

Keep it up! :) 

P.S If you do decide to try out ITD Orders, they can reject you after you send the form. :( But keep sending the business form and see what happens. I got rejected, so if you do to, don't worry, try again like I'm doing. 

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11 minutes ago, The Builder said:

Actually Clintonjoseph, Lego does have a wholesaling channel! It's called ITD Orders. I'm dealing with them right now as a matter a fact, they wholesale Lego sets, mini-figures, watches etc. 

You have to fill out a business form they send you if you want to join, if your a brick and mortar store, like yours, you have to send pictures of your store as well. But that's just an idea if you want to wholesale sets from Lego. 

I would need to wholesale the products from Lego for my online subscription business, so it is possible to wholesale. Sense I'm doing  an online business and you have a brick and mortar store, the rules might be different. Not shore? 

I'm not allowed to give out their email, for some reason. :( They want it to be private. 

BUT, go to Lego.com and ask customer support for more info on ITD. If your interested that is. 

Keep it up! :) 

P.S If you do decide to try out ITD Orders, they can reject you after you send the form. :( But keep sending the business form and see what happens. I got rejected, so if you do to, don't worry, try again like I'm doing. 

Let us know if any of the following have changed recently regarding ITD:

1. have to have a brick and mortar store for minimum 2 years open

2. can't sell more than 50% Lego

3. online sales strictly prohibited

4. minimum order must include all product lines, no pick and choose

 

There's a reason why very few BrickPickers have ITD accounts.   In addition, I've been told that even if you are accepted, you can expect sets 3-6 months after general release.   They fill Amazon/Target/WalMart first before they bother with the ITD orders.

 

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Guest TabbyBoy

It would be nice to know what the wholesale prices are along with price breaks. I'm guessing that big players must be getting at least 70% discount to afford overheads, free P&P and yet still offer big discounts.

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30 minutes ago, TabbyBoy said:

It would be nice to know what the wholesale prices are along with price breaks. I'm guessing that big players must be getting at least 70% discount to afford overheads, free P&P and yet still offer big discounts.

From what I've seen in the past, LEGO wholesale prices are a joke (unless something has changed).

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Guest TabbyBoy
2 hours ago, ravenb99 said:

not even close

 

1 hour ago, Jackson said:

From what I've seen in the past, LEGO wholesale prices are a joke (unless something has changed).

Any examples please?

It seems like LEGO doesn't do sale-or-return otherwise a lot would be going back if the wholesale discount was poor, right?

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8 minutes ago, TabbyBoy said:

 

Any examples please?

It seems like LEGO doesn't do sale-or-return otherwise a lot would be going back if the wholesale discount was poor, right?

A local Mom & Pop toy store that closed down a couple years ago here had an account with Lego. They had a minimum yearly requirement that was pretty steep along with very little margins (10-15% off MSRP). I never saw them with sets that were >500 pieces, likely due to the price. I've talked to the previous owner a couple times this year as I've been working out my business details and her recommendation was to source anywhere else if possible.

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12 minutes ago, TabbyBoy said:

 

Any examples please?

It seems like LEGO doesn't do sale-or-return otherwise a lot would be going back if the wholesale discount was poor, right?

they range based on set but go from 30-40% for the big retailers.   Most licensed sets 30,  unlicensed up to 40.  

 

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In the US if you are Lucky enough to get a Wholesale Account,"You Cannot get the Exclusives" only the regular sets, and on a $120 set Lego lets you make about $20-30 on the set and you pay $10 a box shipping. These days you can get most sets cheaper. I had a wholesale account for about 8 yrs back in 2004 and up back then it was free shipping, and Lego wasn't doing that good, they would call me up all the time asking me what I wanted. But in 2012 they changed there wholesale policy, about having a real store,etc.    Ed

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3 hours ago, The Builder said:

Actually Clintonjoseph, Lego does have a wholesaling channel! It's called ITD Orders. I'm dealing with them right now as a matter a fact, they wholesale Lego sets, mini-figures, watches etc. 

You have to fill out a business form they send you if you want to join, if your a brick and mortar store, like yours, you have to send pictures of your store as well. But that's just an idea if you want to wholesale sets from Lego. 

I would need to wholesale the products from Lego for my online subscription business, so it is possible to wholesale. Sense I'm doing  an online business and you have a brick and mortar store, the rules might be different. Not shore? 

I'm not allowed to give out their email, for some reason. :( They want it to be private. 

BUT, go to Lego.com and ask customer support for more info on ITD. If your interested that is. 

Keep it up! :) 

P.S If you do decide to try out ITD Orders, they can reject you after you send the form. :( But keep sending the business form and see what happens. I got rejected, so if you do to, don't worry, try again like I'm doing. 

Sounds real easy.  Where can I join?  

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