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Showing content with the highest reputation on 07/05/2024 in all areas
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i'm glad you made it through your surgery. live to sell another day is what i always say! excelsior!6 points
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As I mentioned in the past, Shane likes to troll YouTube and Instagram so he can copy business. Before my YT channel was rebranded to Brick Bucks, it was called FBAA Millionaire. I purposely made the channel hard to find and I would have people occasionally reach out to me and ask me questions about reselling. When I moved from Ohio to Kentucky I stopped making videos but I was still encouraged to continue making more. Around 2018 Shane reached out to me and we chatted and exchanged information from time to time. I had open heart surgery on March 16, 2020, the day when everything shut down because of Covid. I had a lot of complications from my surgery so I couldn’t work for a year. Because I had a lot of time on my hands, I was diving deep into LEGO ROI spreedsheets and sent a few to Shane. He asked if we could be business partners and relaunch my YT channel. He was not the first one who asked me to be partners but because he worked at Microsoft and he said that he knew how to do everything, I thought it would be a good fit. Not long after he would say things like. “I was researching how to do X” or “We need to purchase something from Income School to do Y.” I thought to myself, you had told me that you already knew how to do this. SMH. It’s interesting when I hear you say, “It's been quite a show watching the market fall apart and a few choice people really working hard to prop it up.” At this moment I’m quite happy with what is going on with LEGO reselling. Many fly by night resellers are exiting the space and I couldn’t be happier! I think the future is very bright for LEGO reselling but that doesn’t mean that you can just keep doing what you’ve been doing for the last ten years. When it comes to getting top dollar reselling LEGO sets, I believe Q3 is the new Q4. The problem is Q3 doesn’t have as much sales velocity as Q4 so you need to adjust for that. The name of the game now is exclusive sets. There are some top picks that don’t involve exclusive sets but excuse the expression, you have to know what you’re doing. The zombie sets are one of the biggest threats to LEGO resellers and I’m certain LEGO knows that now. You need to account for that as well. The days of buying a bunch of Batcave 6860 and hoping for the best 18 months after it retires just doesn’t cut it anymore. As for the second part of your post, again, he had only recorded three videos himself. There were well over 100 videos of me, and I knew I could start a new channel relatively easily. My main goal out of all of this was to just get away from him as quickly as possible and I wasn’t too concerned with receiving my fair share of the company. You think he’s annoying from a distance, try dealing with him on a daily basis. LOL. The choice was either to buy him out or dissolve the company, and then both of us restart from scratch. After we couldn't reach a deal during a video chat, we agreed to dissolve the company and talk more in detail about the next day because it was getting pretty late. The next morning, I woke up to a very lengthy message from him explaining why I should buy the company. I laughed because he was clearly more interested in selling Brick Bucks than I was in buying it. If I recall, I may have offered him $20k, and he said no. Again, he's no business genius. That email I attached makes him sound like he knows what he’s talking about, but when you google ‘How to sell a business,’ he pretty much paraphrased the content in the first search result. I told him that everything he contributed to the ‘business’ I could have easily received from UpWork or Fiverr at the time. There was nothing special about what he was doing. Yes, he worked for Microsoft, but he only worked in ad sales placement at the time. Nothing more. Anybody could do what he did on YouTube, and plenty of people are now. I’d be surprised if he was still buying LEGO in somewhat large quantities. He had that warehouse for his book business, but I think that might be gone now. He hated dealing with his book business, by the way. In the past, he presented it as some great thing on his YouTube channel, but he would always ***** to me about it. Lol. I saw on one video a while back that he mentioned he was sending Speed Champions to FBA. That’s a big pivot from his original business model if that’s the case. He would often reference the California gold rush business model, why spend time mining for gold when you can just sell the picks and other equipment. Also, if Shane is some LEGO investing genius, why isn’t he buying LEGO at a significant discount from that place overseas that everybody with $100k is now doing? Again, I’d be surprised if he was still buying much LEGO. In the past, his wife commented on a YouTube short saying that they would never show Shane’s inventory after a bunch of commenters kept pressing them to do so. I would’ve shared that screenshot in this post, but they must’ve taken that video down. Personal note: I’m certain this thread has caused some attention and there are a few onlookers. I’m very aware that many of you have personal scorn for me. Some will talk **** about me on here but when I talk to them on the phone, they act friendly as can be and that’s ok. I understand that I am not ‘one of the boys’ on here and I’m fine with that. I hope I at least get a little bit of credit for the times I have made it a point to tell people on YouTube that I would not be here if it were not for Brickpicker. I have said that numerous times and it is true. I have not acted like I am the one who discovered reselling LEGO reselling.5 points
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I actually had the same sorts of thoughts and posted them a bit ago. But unfortunately each time the market bounces back some, it fails to reach the prior heights. It's up to everyone to decide in the end if the juice is worth the squeeze. Personally I've become incredibly picky with set choices and price point. I essentially look at every set and put them in a spreadsheet with a rating, and what discount I'd need in order to purchase them. I truly miss doing no prep work and just sweeping shelves.1 point
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It's funny that you would mention that because it's always stuck out to me that he's never done any content (at least that I've seen) where he shows any of his actual inventory or warehouse operation beyond a handful of sets put up in the background of his videos. I've always figured that there was a good bit of puffery going on there.1 point
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As an outsider here, I'd be interested in seeing more of the backstory. It's been quite a show watching the market fall apart and a few choice people really working hard to prop it up. It reminds me of the memestock investors still working hard to get people to buy in so their own money doesn't go down the toilet. It seems that you were interested in buying his half of the business, so why didn't you pull the trigger? What price would have worked for you?1 point
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Because this was the handle I made back when I was a manager at B&N and I didn't want their lost prevention team to know I was reselling LEGO. It was just a basic handle name.1 point
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This is Jim. Shane found me back in 2018 and we had a few phone calls here in there. At the beginning of covid I emailed him a excel spreadsheet of Brickheadz ROI. He begged me to be his partner and relaunch my small, dormant YT channel. He said that he worked for Microsoft and he knew how to grow the rebranded Brick Bucks into a flourishing business. I agreed. I could see early on He was not truthful because he didn't know anything about growing a business before we started. There were plenty of other things but I'm not here to talk about that. A year later I broke it off and started my own channel. I'm certain you've seen it. He's now the punching bag of LEGO reselling and he did it to himself. He's done this in other areas too. He trolls instagram to look for successful businesses and tries to copy them. That's how he started his own book reselling business a few years ago. I'm actually surprised Shane is still this involved in the LEGO reselling space as much as he is. He told me a while back that he wants to start a new business & grow it every two years and when he gets a handful of them him and his wife will do nothing but travel the world. He's not a business guy. He has used Income School and other companies to grow his business. The guy has never had an original thought. So yeah, sorry for creating this monster. I'm certain his recent articles was a way to give his subscription service a shot of adrenaline. I thought about doing an article like that 18 months ago but chose better of it. Back when LEGO reselling completely consumed my life, I thought about sending a bunch of press releases to CNBC, Market Watch, Fast Company, etc. so I can post the "as seen on..." on my website or wherever. I'm guessing that will be his next move once the momentum from his article fades. So again, my apologies. Sincerely, Jim Wolf of Bricks1 point
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