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Rebuilding My Trading Card Business FROM SCRATCH
Рет қаралды 4,240
8 ай бұрынEntering the rebuilding phase of TCG Bulk Kings! This is where the real journey begins, make sure you start along with me!
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The central hub for all my various bulk card and collectible activities is my website: www.tcgbulkkin... If you are looking to sell me bulk this is where you want to look.
If you want to pick up some bulk for yourself, or to stock out your store, be sure to look in the Shop page there: tcgbulkkings.c...
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It would mean worlds to me, both this one and all the others in the multiverse, if you've made it this far into the description, have a look at my Patreon page. We're building a community of like-minded bulk dealers there, sharing tips and strategies, helping keep each other motivated, and having some fun as well. / tcgbulkkings
@professorburch 8 ай бұрын
Awesome to see you back in full swing of things! Its really inspiring to see you start from scratch again. I took a long hiatus from TCGPlayer and I'm about to dive back in. Your content has always helped and inspired me and I look forward to more of your perspective and approaches.
@TCGBulkKings 8 ай бұрын
I'm humbled that lil ol me can be an inspiration. Thank you so much for your kind words, and best of luck!
@jnycards5478 8 ай бұрын
Best of luck! I’m glad the move is over with. I appreciate the transparency as well.
@TCGBulkKings 8 ай бұрын
Thanks, I'm glad too =]
@SunslayerJenkins 8 ай бұрын
I super appreciate the nice starting over breakdown. It actually lines up really well with just plain starting out for newbies like myself. 2 really big thumbs up, very interested in all of your content.
@TCGBulkKings 8 ай бұрын
Thank you for your kind words, I'm really glad to be helpful
@cardmarketmedia 8 ай бұрын
I clicked on your video because I too am starting from scratch. As I watched I heard you say you got the table off the side of the road on a bulk trash day. I thought I wonder if he is in AZ... you then said you were. Where at? I'm in Tucson.
@TCGBulkKings 8 ай бұрын
I just moved to Tucson! The move has basically monopolized my content the last few months, but now I'm getting right back at it.
@cardmarketmedia 8 ай бұрын
@@TCGBulkKings welcome to town! We can grow together brother. FYI we also have encapsulation equipment if you ever want to go down that road too.
@TCGBulkKings 8 ай бұрын
Don't know if I'd do the encapsulation, but we definitely should meet up at some point 👍
@flavortownhero 8 ай бұрын
Glad to see you back and hope you had a wonderful thanksgiving! I love how you’re show the financial side of things, wondering if you could make a quick video on how you went about setting up your LLC and what goes into it.
@TCGBulkKings 8 ай бұрын
I'll look into it. It's definitely simpler than it seems, but it's also different in every state
@CardThrone 8 ай бұрын
This is basically starting from zero, excited to see where you'll take it, and whether you plan on using debt, 0 apr credit cards, etc, to accelerate growth.
@TCGBulkKings 8 ай бұрын
I'm getting out of an abusive relationship with debt, I'm hoping to do it the old fashioned way =], but I've got a lot brewing so I'm really excited too
@YokoBeLoco 8 ай бұрын
@TCGBulkKings how do you accrue debt buying bulk for a penny a card? I imagine your credit statement is a bunch of under 10c purchases bulding to like $20 bucks for the month, and that's what debt looks like to a bulk seller.😂
@TCGBulkKings 8 ай бұрын
@@YokoBeLocolet's see, 200,000 cards at a time, half a cent per card, comes to $1000. It definitely can build up
@YokoBeLoco 8 ай бұрын
@@TCGBulkKings wow. Ive been listing non stop for almost 2 years and im only at like 200k total. 200k at a time is insane. I cant even sort more than 2 bcw boxes in a day. That would take me a month if doing nothing else to proces 200k cards 😵
@atomicdesignshop 8 ай бұрын
Good stuff! Love seeing the layout and finance breakdown.
@TCGBulkKings 8 ай бұрын
Glad you enjoyed!
@shipleypestsolutions 8 ай бұрын
Great to see you back and at it!!
@TCGBulkKings 8 ай бұрын
Hey, thanks! And definitely glad to be back, more to come for sure
@TheDrakeUM 8 ай бұрын
Happy Thanksgiving! This will be cool to watch. I have been selling cards as a hobby for a while. My biggest issue is sourcing cards. Hope you show some of your adventures obtaining new inventory.
@TCGBulkKings 8 ай бұрын
Oh man, I hope you're ready 😂
@TheKaijudist 8 ай бұрын
Very interested in the balance sheet content! Thanks for sharing
@TCGBulkKings 8 ай бұрын
@@TheKaijudist Glad you liked that, I was unsure if anyone would actually care. Looking forward to showing what's happened since 10/31!
@SunslayerJenkins 8 ай бұрын
+1 for being really interested in seeing you source inventory!@@TCGBulkKings
@jamieadvocacy 8 ай бұрын
This is really good content. Thanks
@TCGBulkKings 8 ай бұрын
Thank you for watching, and for your kind words
@Shortcxke1 6 ай бұрын
Can you talk about how you keep your with the prices of each card in your inventory on TCG Player? Prices move up and down, how do you manage to keep up with the market price?
@TCGBulkKings 6 ай бұрын
As a Pro Seller on TCGplayer, I use the available MassPrice tool they have. Before that, I would update all prices for a set whenever I added cards to the set, since I would have them all in front of my eyes on the Pricing tab. I would just do a quick check up and down the list while I had that set open
@SumnerSaLT 8 ай бұрын
Hey there! Just found your channel and I am really intrigued by your business model. I think it would be a good fit for my lifestyle but I’d like to know more about the income side of things. I believe I saw in a previous video that you run the business 20-30 hours a week. When you were running your system with a healthy inventory, what do you think your average monthly net profit number would be If you had to ball bark such a number? I understand that’s probably a difficult number to come up with considering the vast amount of variables. I just want to have some sort of number in mind though before I dive any deeper. Thanks!
@TCGBulkKings 8 ай бұрын
Hello! I'm glad to have caught your interest. Honestly, I've been doing wildly divergent amounts of hours per week over the last couple years, 25-60 hours per week, as I've been able to fit in between family and other obligations and my own personal difficulties. It is definitely not easy to give an average profit, but at my peak performance (early spring 2023), I was making net ~$3-4k per month. Just lots of other things prevented me from maintaining that level of output. I started to develop a plan to transition to hiring employees when all the issues that led to me moving here happened. So, here we go again =]
@SumnerSaLT 8 ай бұрын
@@TCGBulkKings Thanks for being transparent. I like the 3-4k a month number but not so much the 60 hours per week number lol. Do you think 3-4k a month could be achieved with 25-30 hours a week? Once again, disregarding variability lol. For example, if the system is averaging 3-4k a month but also averaging 40-60 hours a week, could you integrate something like an automatic card sorter to cut hours without cutting too much profit?
@TCGBulkKings 8 ай бұрын
@@SumnerSaLT I'm building with very little cash investment up front, so the sorters don't make a while lot of sense for me. Also, I'm doing a lot, not just the bulk itself, but also content creation, web development, and a dozen other things. The organization of it all is kind of a pressure release for me, a soothing activity, so it's almost not even like work unless I'm really crunching to get something done. I think if you've got plenty of space and can be really efficient and consistent, and can consistently get new inventory, one person alone can get there in the 30-40 hrs/wk eventually, but it will take time to build up to that. Every piece of effort compounds itself on the others
@SumnerSaLT 8 ай бұрын
@@TCGBulkKings Right, Id imagine it would take me quite a while before that long tail theory starts to do it’s thing. Well thanks for the info!
@immaresellit 8 ай бұрын
I miss ripping packs
@TCGBulkKings 8 ай бұрын
I like opening packs for draft or something like that, but when I'm looking for value, it always just feels bad to me. I'm much happier buying the cheap cards at a rate that lets me make money on them, and occasionally get these higher end cards like in my next most recent video
@DadAndSonCards 8 ай бұрын
Found you channel not long before your move. Was inspired to try a little TCG business myself. Haven't been able to watch everything, so you may have mentioned it, but where do you get sheling units with more than 5 spaced out shelves? That's all I can find, but i'd like a unit with closely space to fit monster boxes on so i don't have to stack them. Where you find those shelving units?
@TCGBulkKings 8 ай бұрын
I actually got 2 units of the boltless shelves and used the shelves from both on a single set of vertical pieces. The cards don't weigh nearly enough for it to be a problem for the shelves. I got these at Ollie's, but there aren't any around here in Tucson. Any such type shelf units will do, you just double up the shelves. I'm glad I've been able to inspire you, that really means a lot to me =]
@Anthony-hp2kt 8 ай бұрын
Happy Thanksgiving! quick question on shipping. Do you ship machinable or non machinable? I currently ship non and I'm worried about shipping as machinable due to damage. Any thoughts?
@TCGBulkKings 8 ай бұрын
I use regular forever stamps. Non-machinable actually gets machined anyway, only way to guarantee is not going through rollers is to send it as a parcel. As long as you package well, there is almost zero risk of a pwe being damaged in transit. I get very very few complaints, far less than 1% of my orders
@45Cali_808 8 ай бұрын
Where do are you getting all the bulk from?
@TCGBulkKings 8 ай бұрын
This bulk is leftover from before moving here. Almost all of it was sourced locally from people reaching out to me through social media, or else submitted through the mail to me by people selling the bulk to me through my buylist. Not currently buying, but I should be before long =]
@TachibanaTengoku 8 ай бұрын
Just to make sure I have this right, are you considering your listed inventories value at bulk rates? I think once you filter it out and have an actual price on them, you should be valuing it at market price or similar, at least for the books.
@TCGBulkKings 8 ай бұрын
No, you mark down what you paid for it. Inventory is reported at cost, not what you may eventually sell it for. This is because I, the business owner, didn't invest the selling value amount of dollars to obtain the asset. The only assets for which market value is assigned on the balance sheet rather than the cost to acquire is for real estate, and this is mostly for traditional reasons.
@TachibanaTengoku 8 ай бұрын
@@TCGBulkKings Weird, I know that when you purchase inventory you'd be valuing it at purchase price, but it feels like for the purposes of knowing the "networth" of the asset itself, it would make sense for you to use the actual value of the cards, right? After all, if I just gave you your inventory for free, does that mean it doesn't have any value in the asset column? I should ask an accountant lmao
@cardconnection4322 8 ай бұрын
I was wondering the same thing. Inventory should be listed at acquisition cost not market value. Though for insurance purposes would you list market value or replacement cost or something else?
@TCGBulkKings 8 ай бұрын
@@cardconnection4322 I'm sure that would be right for insurance, but they aren't going off the balance sheet
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