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Looks like the box art was leaked too. 2464 pieces confirmed

I heard that TLC is now banning LEGO Shop at Home accounts based on how frequently users check the in stock status of PS and PC. More than once a week raises a red flag. Twice a day = ban, or so a little bird told me this morning...

Thirsty, I'm not trying to call you out but, this post is a perfect example of why anyone thinking about getting into this needs to sell a few items BEFORE they wind up with a portfolio worth $70k. Buying is easy, finding deals is a thrill. Selling, no matter what platform you're on is hard. Anyone doing this needs to know that. Good luck, I've sold on eBay for over a decade and am, for the most part, happy with it.

One other thought... to get that big, you will need employees. We've got about the equivalent of 3 full time employees right now (excluding me because I have a day job). We're heavy on parts sales and light on set sales, although I'm trying to shift that balance. To get to the point where you are clearing 60k, you might be working 100 hours a week. Believe me, parting a set or pulling a crappy 50-lot $20 parts order when you're 12 hours into the day is as much a grind as it is to work for someone else. Not saying this to discourage you -- just for you to consider it in your business plan that you might have expense for part time help when you get to a certain size.

OP - the goal of being in business for yourself isn't silly. Nor is the idea of using LEGO to do this. It's just going to be extremely difficult... no, make that impossible ... for anyone here, well-meaning or not so much, to give you the numbers that are going to work for you. Too many factors to consider, too many different ways and mixes of ways to make money selling LEGO. Under DR's plan (yes, I'm a fan too, we're 7 years debt free now) you can run the business in a small way now, but even at this stage the business needs to be making some kind of profit that is more than you could get taking a second job - otherwise you should be liquidating all the inventory, LEGO and otherwise, to get you through steps 2 and 3, and then returning to the goal of starting a small business at that point. DR's base 20% is a perfectly reasonable place to start - If you are aiming at $60K/year small business income and have a family's worth of deductions and tax credits, that 20% is likely going to be enough to cover your tax burden, and you will of course sit down with an accountant at some point and determine if your quarterly estimates need to go higher than that. Most folks here aren't trying to do LEGO as a real business. A few are, and some number more are using it as a long term investment vehicle, which doesn't put them in a useful place for offering info to a small business owner. Sitting down with a DR-approved accountant at this stage might be very beneficial -- they can give you some good starting advice, and you can determine whether you should be trying to do this at all in steps 2 or 3, or if it's best to wait until after. My humble opinion. I'm not among the nay-sayers who think selling toys for a living is ludicrous. I'm doing it now, and did it with books before that and training dogs before that, so being an entrepreneur doesn't seem to me to be a silly or dangerous goal.

​You need to be familiar with GDad's posts to understand his particular take at sarcasm.

​that number of capital is way over estimated for what is needed to hit 60k a year in profit. Our LEGO sales for last 90 days 2234 items $85,779 sales we run right about 20% clear after fees / shipping. LEGO is only a small portion of our overall business but we never run anywhere near 500k in inventory. Not even a 1/3 of that. just for that quarter the estimated profit would be $17,155. For ease of numbers if those numbers stayed the same for all 4 quarters you'd be at $68,620 in profit before taxes. Obviously 4th quarter will be much higher, usually double to triple the slower quarters. Biggest issue you will have is sourcing that many deals / sales to keep the inventory up for a solid year. This month we actually tried a more wholesale volume based experiment and hit 890 items with $51,643 in sales for the last 30 days. Personally being one person I could not keep that level of purchasing volume up with worthy deals being harder and harder to acquire to keep that pace going year round. The inventory is always flipping so your overall capital is not readily rising much. You're constantly buying as you are selling. You would need at least 100-150k though to have any legitimate shot of doing these numbers. You will need help of others to achieve that much volume of sets to reach those sets. Most people will not be able to come close to doing it out of one area. I have a few good friends on BPer and without them I would not achieve the volume of sales needed to make it worthwhile on a larger scale

​Apologies if my NOPE was offensive. This SW thread seems to just be very circular. Page after page of someone saying the set is retired, followed by someone saying that these holiday sets have a 2 year cycle, followed by noting that the other holiday sets came out of retirement in the UK, followed by the suggestion that it's a popular set why wouldn't lego bring it back for another year? It's like listening to my Grandfather tell a story. Anywho, sorry to be negative. It will be back for next Christmas, I'll unsubscribe from this thread. Good day to you sirs and ladies.

Paid $500 for it all... the GC was opened, inventorying it now to check how complete it is. But looks like it is mostly there

The Bat-pod is a bit crude looking, but it's better than this:

Dude, you need to stop drinking so much early in the morning. ;)

By the way, it is in the site rules that if you win a Bat-Pod, they are automatically awarded to Ed and myself. It's just the way it is. I will say Thank you in advance!!

While I wait to apply elements to smooth out the dome (been sitting in a bag for 6 months), here's a "quick fix".

​Yes, finally I can finish my Chernobyl moc

Went out to a family who was selling some SpongeBob, and Ferrari sets. Once there they mentioned that they had a few more things they had found. Her mother was a collector, and just shoved stuff in random spots when she was done. Needless to say once I got it all home and went through it I was pleasantly surprised.

​You don't setup your buy-it-now auctions with instant payment required? For me, that's the biggest advantage of buy-it-now, weeds out all the Lookey-Loo's. Frankly, instant payment buy-it-now is the only reason I've stayed on eBay. Non-payment for auctions was reaching 50% for me, totally out of control.

Wait the full three days, c'mon, it'll be fun.

and 249.99 like I posted 3-4 months ago

Thank you sir for converting that to the one true measurement system. Just like we only speak one language we only measure one way ROFL

The one thing this theme has going for it is that it might be overlooked because anything STAR WARS will overshadow every other theme and set over the next couple of years, especially the next 6 months. I have a feeling LEGO is going to clean house of many of the older STAR WARS sets before the new movie and release the largest selection of new STAR WARS sets in their history. Sets like these will slip under the radar starting this Fall when people are freaking out buying new Falcons.

This is a good chunk of it. 10211's behind the T1 Van and the 9492. 8 10228's behind the Grand Emporiums. Viking Fortress (2) and Unimog behind the 10195. More shots to follow.

A freaking Grand Carousel? Give up the price already, we need to know how much to hate you

Thought I'd start a thread for Irish BP'ers to discuss deals, and general investment chat. Welcome! (I've just called it the Ireland thread as the letter ****** seems to be coming up as ***** for some reason. Northern Irish members are welcome too of course.)

​sounds like bs

;-) Sounds like a dare...

The part I don't like is you need to buy first, and then email them about the discount.

​Awesome! You just made my day. Thanks for finding that.

​He did mention cost of goods sold in a subsequent post (or, replacement inventory as I think he put it). But I wasn't defending his calculations specifically, I was just trying to draw the attention of the mob to the fact that he's selling parts, which is a different business model, a different sell-through rate, etc. than flipping sets or holding sets.

Somewhere back in this thread, someone posted a closeup from the box art that pretty clearly shows gearing and power transfer axles. Sure looks like this set can be motorized. edit: this post.

​It's coming....to a theater near you.

Not sure if this should go here or the "Find of the Day" thread, given how this one is stickied though, i'm gunna go with this one 7965 MF in stock at WM.ca, full price though, not worth it for me right now. With tax it's just north of $200, and we have some BIN listings at $260, not too much profit after shipping/fees, but for whomever wants some go for it! http://click.linksynergy.com/fs-bin/click?id=jfOcdvfTNg4&subid=&offerid=283358.1&type=10&tmpid=10699&RD_PARM1=http://www.walmart.ca/en/ip/lego-star-wars-millennium-falcon-7965/6000043826929 Tried out the affiliate link, hopefully i did it right. Edit : Fixed ( i think).

​This might be a no-brainer, but make sure (if you use ebay) to do the "calculate" shipping cost option. So pre-measure/weigh your package and then list said dimensions. Noob mistake i made way back when was list a large item and have it set to say $15 flat rate shipping to anywhere in Canada. Well shipping items out to BC from ON with Xpresspost (i don't use Xpresspost anymore because of this) costs way more than $15... However my listing specifically stated Xpresspost, so i had to ship it with that method and lost some money. That is when i learned shipping across Canada can be more expensive than shipping to the US... fair eh? Of course you can always offer free shipping, but i don't on large items. Also that poor Tie Fighter box with what looks to be Sears shipping label Nice collection! I want to organize that so bad haha.

​Damn Canadians, spoiling everyone's fun

Sorry to hear that. Here's a bit of advice. I rarely use my debit card. The only time I use it is if I need money from my bank's ATM. If there's fraud on your debit card, it takes directly from your checking account and getting reimbursed is a little hard. I use my credit cards for everything. The cc's fraud department is very good about reversing fraudulent charges right away, and since the cc isn't linked to your checking account, you're not out any money while you wait for the charges to be reversed. Back to the complaint thread: Why are Magna-tiles so damn expensive!! I found a super deal on craigslist a while back and both my kids (7 and 2) love them and play with them the most out of all the toys they have (even Lego). I want to get more but have yet to see another deal on them.

​Good post and makes a lot of sense, can I pick you up on one thing though, the tax should be calculated on the $85,000 - $50,000, so 20% tax would be $7,000, not $17,000, so increases the post tax profit to $28,000 in your example.

...as I was saying... I've been using the phone browser and it's ok if you are just posting a reply. If you are quoting (see above post), it's a disaster. Once you quote, your new text keeps appearing in amongst the quote, it's bloody ridiculous. Also, once you quote someone, there seems no way to get rid of it without posting it (again, as above). I like it how you can get to the brickfolio easily . That's about the only pro. I don't see how the upgrade benefited anyone really. Oh yea, and I had to resubscribe to all my followed threads again, as the upgrade somehow got rid of them.

I would miss your comments if you found 100 other things to do.

​ha , barrel escape can be used to moc it

Wow that's quite a collection. Damn you're lucky to be collecting in Alberta. Dat sales tax. Good luck on your sales! I guess what we've learned here is the amount of posts or likes you have on X LEGO forum doesn't really matter and assuming he's lying or incorrect is irrelevant? Appreciating these replies guys, as they may come in handy for myself some day, biking_tiger, ltbuyer, Archilles, gregpj, Kenxxx!

Wow! You sir I salute you! I know the feeling, I'm like that with vintage batman memorabilia, from 1943 batman serials posters, lobby cards, 1966 batman toys, 1970s batman toys such as AHI, chemtoys, ideal, Marx....its endless. john

Beautiful collection! youll make money where ever you sell it how ever you sell it LOL Congrats!

To either side. Six blue bins with Super Heroes, LOTR, Mutant Turtles and Monster Fighters. Miscellaneous picked up on sale. 18 Orc Forges in there and other goodies.

Funny because I remember finding this earlier. BATPOD by kmfs_asa Anyway, I presume those tires are the same from the UCS Tumbler. Radical mini vehicle all the same.

​Hah, yes i am Not sure why i'd be your role model though! Fairly small time seller compared to others.

You aren't missing anything.....you know how it goes around here.

​No poll just personal experience. I have seen young women who know little of Star wars other than basic familiarity just love that little droid. They could care less about the ultimate millennium falcon and slave 1, my favorites. Let me put it this way concerning R2, I have seen both my mom and 20's something women who could otherwise care less about lego just adore that droid. I'm talking multigenerational multi gender appeal.

Wait no longer, i present to you... the 10247 - Ferris Wheel

This just made my day, $3600 worth of lego for $936. -there's also 10 medium building cases that aren't in the pic, 10 of each set.

There are way too many punctuations in that paragraph for it to make sense

Just in case he does and doesn't invite you, don't feel bad. I'll sum up the topics for you now: Current strategies - buy at least one SSD, DS, GE, PS per month until said sets are no longer available 2015 strategy - continue buying from the previous year's list plus add a few newer large sets like TB. 2016 strategy - more of the same. Maybe start mixing in EV. FOR ALL YEARS - never exceed 200 transactions. That's about it ?