If you're feeling bloggy, jump! The ramblings of Meliah.

Night of the Living Blog #6

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Ever since I came across COMC (Check Out My Cards) I had wanted to be a seller there, especially after I learned of the success a fellow member had/has on there. My goal was to save up around $1,000 to do my initial investment on COMC and go from there. Well, I realize I will never save up that much money at once so I went a smaller route.

Today is a few days past the two month mark of when I opened up a seller's account on COMC and sent $100 in Paypal to fund my account. At the same time I sent in a shipment of 264 cards to COMC to be processed, I picked the 1 month option so I wouldn't see those cards go live for 30 days. I set aside the money it would cost to have that order processed and spent the rest on various port sales that I managed to win. When I would have a bit more money from sales I would buy more ports, granted most of these are quite small ports.

So now two months in I can say that yes, you can make money selling cards and on COMC

Of the 264 cards I sent in 43 have sold in a month for $125.50 and of the 486 cards I have bought in ports on COMC I have sold 78 in 2 months for $65.65. I have almost doubled my original $100 in sales in the first 2 months and have a solid 600+ card inventory I could port sale for another $300 or so if I wanted to. Basically, if I cashed out now I would be looking at a return of about 3.5 to 1. Not too shabby if I say so myself.

Now I just need to let my sales money build up a bit so I can buy bigger ports instead of snatching up the smaller ones. Nothing wrong with the smaller ones but one thing I learned on Ebay was--the larger the lot the more likely you are to get a better price per card if you break it up. You just need to pay attention to what the lot contains and how the market is regarding the cards inside.

Updated 10-13-2012 at 08:18 PM by Meliah

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Comments

  1. VASteelersFan's Avatar
    Meliah:

    You have done well in the 2 months. I too have done well on COMC. i have been a seller since Feb of 2010, and have sold very well and bought many cards for my set needs and player/team wants from there.
    I have a couple of questions for you.
    How do you like the new site and the new fees
    How much do you normally pay for a port.

    I ask these questions, as i'm not going to quit or not buy from COMC, but since the changes were announced in August, my sales have fallen. Normally after the National last year, sales were great, but have since fallen short this August and as well for September. I have considered selling my port also, but don't know what I should try to get for it.
    If you want or could, take a look and give me your imput as to what you think it may sell for. It is a 71 card port and my sellers name on COMC is GML1262

    thanks and look forward to your responce
    George
  2. cjay101's Avatar
    In my experience selling a port...just make a classified ad for a few dollars, list it at 30% of BV and see what offers you get. If it is chock-full of auto/jersey or high end stuff, maybe start it higher than 30%. 90% of the offers you receive will be the bare minimum (usually 50% of list price). I have no problem moving a lot of insert and rookie junk for 15% of BV. I don't sell stuff I am still trying to move, but once the sales started drying up, I listed a port and took what I could get for it.
  3. Meliah's Avatar
    George, you have a fair amount of auto,GU and #'d cards in your area but many of them are football, I'm more of a baseball guy. I'll buy anything on COMC but when it contains many cards I do not have the greatest pulse on I go by BV or asking price and bid by whatever is cheaper (10% of BV or 20% of asking price). I've actually won many ports by bidding the absolute lowest allowed. Cory's advice for ports seems quite solid from a selling aspect.

    Since I just started at COMC the new site and fees don't bother me. When I look at other selling sites COMC saves me so much time I still find them to be a bargain and a great outlet for selling cards. The option to buy and then flip without costing you anything to do that (other than a potential storage fee down the road) is what I love the most.
  4. thedarkbrown's Avatar
    So you sold cards and turned $100 into $350... But did you account for the $$$ you had to pay for those 264 cards? While it's great to start moving cards and making money, it doesn't look like a realistic profit becuase you aren't accounting for how much those cards cost you originally.

    Don't get me wrong, I'd love to get rid of boxes and boxes of cards and this seems like a great way to get something for the cards sitting around the house (if they sell).
  5. VASteelersFan's Avatar
    cjay101 and Meliah

    Thanks so much for your input
    George
  6. Meliah's Avatar
    Quote Originally Posted by thedarkbrown
    So you sold cards and turned $100 into $350... But did you account for the $$$ you had to pay for those 264 cards? While it's great to start moving cards and making money, it doesn't look like a realistic profit becuase you aren't accounting for how much those cards cost you originally.

    Don't get me wrong, I'd love to get rid of boxes and boxes of cards and this seems like a great way to get something for the cards sitting around the house (if they sell).
    Maybe I'm in the minority here but I don't really keep a running total of what cards cost me from trades, lots bought or box breaks. Like most collectors, I assume, I have boxes and boxes of cards laying around here from the years of box breaks and collecting.

    Here is what I do now, all the cards I sent COMC were not "worthy" of being listed on Ebay, my average BV is around $6. High end cards with a market I sell on Ebay, mid-range cards seem to do quite well on COMC and commons can be moved on SportLots if you have the time.
    Updated 02-20-2014 at 04:35 PM by Meliah