| Discussion Forum: Thread 321441 |
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| | | Author: | jaredwebb1999  | | Posted: | May 21, 2022 07:39 | | Subject: | Parting out set | | Viewed: | 131 times | | Topic: | Selling | |
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| Hello All,
I have been selling minifigures and minifigure parts on more store for a few
years now and have had some success. I'm now wanting to get into selling
parted out sets. I have already bought a few for 1/3 of their part out sell value,
but the parts don't seem to be selling. Am I missing anything? Any tips of
what sets I should be getting? 3 times the money sounded like good turnover to
me.
Regards,
Jared
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| | | | | Author: | alexwilcox | | Posted: | May 21, 2022 07:55 | | Subject: | Re: Parting out set | | Viewed: | 41 times | | Topic: | Selling | |
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| In Selling, jaredwebb1999 writes:
| | Hello All,
I have been selling minifigures and minifigure parts on more store for a few
years now and have had some success. I'm now wanting to get into selling
parted out sets. I have already bought a few for 1/3 of their part out sell value,
but the parts don't seem to be selling. Am I missing anything? Any tips of
what sets I should be getting? 3 times the money sounded like good turnover to
me.
Regards,
Jared
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Just keep adding to your inventory and the orders will come.
you don't have many of each part - adding more of the same parts can help
bring orders in, try and buy multiples of the same sets to part out.
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| | | | | Author: | Bond | | Posted: | May 21, 2022 10:49 | | Subject: | Re: Parting out set | | Viewed: | 51 times | | Topic: | Selling | |
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| In Selling, jaredwebb1999 writes:
| | Hello All,
I have been selling minifigures and minifigure parts on more store for a few
years now and have had some success. I'm now wanting to get into selling
parted out sets. I have already bought a few for 1/3 of their part out sell value,
but the parts don't seem to be selling. Am I missing anything? Any tips of
what sets I should be getting? 3 times the money sounded like good turnover to
me.
Regards,
Jared
|
Alex is absolutely correct. With more common parts, like the 3001 (2x4 brick)
or the 3039 (2x2 slope 45 deg), quantity is what drives customers to your store,
particularly if the part is of a common colour such as red, blue, or black. With
more uncommon colours such as yellow-green or dark brown, larger parts, or more
unusual parts such as quantity is of decreasing importance. I learned
this in a query I posted only yesterday.
I have found that, for the common parts in more common colours, a minimum quantity
of 50 works best. This is why Alex mentioned buying multiples of the same set,
if possible.
Pricing is a bit more tricky, and the best counsel here is born of experience.
That being said, every part on BrickLink and in every colour that it comes (or
ever came) in has a Price Guide tab, which for me is most helpful. I pay closest
attention to average price, both for what is currently available and last 6 months
sales data. Bear in mind that the data differentiates between New and Used parts
of the same type and colour. For a new store, while the prospect of glittering
riches may beckon, I would not recommend pricing any part of a particular colour
over the average price, especially if it is a common part in a common colour.
For my own store, I tend to go 5-10% lower than the average price in such cases.
If the price guide is too painful, simply look up the part and colour in question
as if you were a prospective buyer. That way, you can see what other sellers
are charging. And don't overlook quantity when researching price.
Hope that this was helpful,
- Pat
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| | | | | | | Author: | jaredwebb1999 | | Posted: | May 21, 2022 12:27 | | Subject: | Re: Parting out set | | Viewed: | 50 times | | Topic: | Selling | |
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| Thanks Pat and Alex,
Some really good tips there. I had heard it was important to get large quantities
but I didn't realise it was that much of a factor. ATM I just part out the
sets using the 'average 6 months sales' prices? How does that sound?
Or would you recommend doing that and then adding a 10% sale or something to
make my prices more competitive.
Regards,
Jared
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| | | | | | | | | Author: | alexwilcox | | Posted: | May 21, 2022 12:53 | | Subject: | Re: Parting out set | | Viewed: | 27 times | | Topic: | Selling | |
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| In Selling, jaredwebb1999 writes:
| | Thanks Pat and Alex,
Some really good tips there. I had heard it was important to get large quantities
but I didn't realise it was that much of a factor. ATM I just part out the
sets using the 'average 6 months sales' prices? How does that sound?
Or would you recommend doing that and then adding a 10% sale or something to
make my prices more competitive.
Regards,
Jared
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6 month average has served me well!
I've only ever done sale's twice as I wasn't sure how much difference
they actually made as everything sells eventually.
10% off - made no noticeable difference to the amount of orders received.
20% off - made a very noticeable difference!!!
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| | | | | | | | | Author: | Bond | | Posted: | May 21, 2022 12:54 | | Subject: | Re: Parting out set | | Viewed: | 35 times | | Topic: | Selling | |
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| In Selling, jaredwebb1999 writes:
| | Thanks Pat and Alex,
Some really good tips there. I had heard it was important to get large quantities
but I didn't realise it was that much of a factor. ATM I just part out the
sets using the 'average 6 months sales' prices? How does that sound?
Or would you recommend doing that and then adding a 10% sale or something to
make my prices more competitive.
Regards,
Jared
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Hi Jared,
6 Months sales average is a good starting point. If you're not getting acceptable
sales levels in, say, a fortnight, even with what you deem to be decent quantity,
then consider taking your prices down by 5-10%. And again, checking for competitive
pricing from the perspective of a buyer on a like part of like colour and quantity
is always a good idea. This way, you minimise the risk of both overcharging and
shorting yourself.
- Pat
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| | | | | | | | | Author: | gabgenqc | | Posted: | May 21, 2022 16:50 | | Subject: | Re: Parting out set | | Viewed: | 31 times | | Topic: | Selling | |
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| Like other said, keep adding more common parts (because this is mainly what buyer
will look for). The more specific parts from parted out sets will get longer
to sell. Because there's not a ton of people looking to buy these parts.
Also your 6 month average is a great start, you can always add a % sale if you're
not happy with the sales you make. I wish you good luck in your adventure.
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| | | | | Author: | Calle_P | | Posted: | May 21, 2022 12:56 | | Subject: | Re: Parting out set | | Viewed: | 41 times | | Topic: | Selling | |
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| In Selling, jaredwebb1999 writes:
| | Hello All,
I have been selling minifigures and minifigure parts on more store for a few
years now and have had some success. I'm now wanting to get into selling
parted out sets. I have already bought a few for 1/3 of their part out sell value,
but the parts don't seem to be selling. Am I missing anything? Any tips of
what sets I should be getting? 3 times the money sounded like good turnover to
me.
Regards,
Jared
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In addition to what has been said above, I saw that you have the same part in
the same condition listed in different lots, sometimes even at different prices.
This is not something that affects sales positively.
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