How to Resell LEGO Sets
At its core, LEGOs are an iconic product and if you’re looking to possibly resell LEGO sets, you can make a considerable profit. Customers expect complete sets with paper manuals and original boxes – these aspects must all be present for optimal success when selling LEGOs online or at a brick and mortar store.
Some individuals resell LEGO products in bulk to turn a nice profit. Doing this requires plenty of storage space; therefore, when planning this endeavor you should consider your facility’s climate and size when considering where best to keep them.
Are You Selling LEGOs to Make Money or Declutter Your Home? Selling LEGOs can be an ideal solution to do both! However, it is essential that you understand all of the factors which will determine their value so you can choose where and when best to sell your sets for maximum results.
Condition is of crucial importance in determining the value of your sets, since many collectors of LEGO collectables prefer sets in mint condition; that means their box has never been opened and that none of the LEGO pieces, stickers, or instructions inside have been touched at any point during use. Therefore, such sets will likely fetch higher prices.
One factor that can influence the price when you resell LEGO is its size. Larger sets tend to be harder to come by and more valuable; this holds particularly true for licensed sets that form part of a franchise or theme such as Star Wars LEGO. Sometimes complete sets may even cost more as people enjoy collecting all their minifigures.
When selling LEGOs, it is crucial to provide detailed descriptions. This will enable buyers to understand exactly what they are purchasing and help prevent any future disputes or confusion. Many sellers use videos as another tool to showcase features of their LEGO offerings and give buyers confidence when making their decision.
Finally, it is key that you respond promptly to inquiries regarding your LEGO sets. Doing this will demonstrate to potential buyers that you are serious about selling them quickly while giving the buyer confidence in you being able to deliver what was promised.
Where to Resell LEGO
There are various locations where you can resell LEGO, from online marketplaces and social media to bricks and minifigs communities like Bricks and Minifigs. Some may offer greater returns when selling specific types of sets; for instance, selling rare or early edition sets to fellow connoisseurs in Bricks and Minifigs might yield more money than listing it on Amazon.
Craigslist or Offerup provide another viable method for selling LEGO sets locally, with items listed and meetings taking place to complete transactions in person. When selling on either of these websites it’s wise to choose a payment method with buyer protection features such as PayPal’s Goods & Services feature or an escrow service provided by the selling platform.
Selling LEGO on an auction website like eBay is also an attractive option, but before listing a set for sale it is vital that you do your research on its value so as to avoid being duped by potential buyers and ensure you ask a fair price for the set.
If you choose to resell LEGO sets online marketplaces, it is essential that you take high-quality photos and provide a thorough description. This will make it easier for potential buyers to locate your listings and increase the chance that they purchase your sets. It would also be prudent to include any unique identifiers such as theme and number as this helps buyers verify they are purchasing the correct item rather than another similar set.
When shipping LEGOs, it’s vitally important that they’re protected using suitable packaging. Even just a little space left open in a box could result in items getting bashed around during transit and becoming damaged; air pillows or packing paper may help prevent this from occurring; in addition, choosing an appropriately-sized box is also key.
Maximizing Profit When You Resell LEGO
Purchase used LEGO sets at a discount, then reselling them at a profit to turn a quick profit is one way of making money from investments. While still available in stores, used sets typically sell for 50% to 75% of retail price; once no longer in circulation they tend to increase in value as time goes on and may even surpass their original MSRP value!
Another way to maximize profits is to purchase incomplete LEGO kits with the intention of finishing and reselling them. Your goal should be to find all missing pieces online and replace them with correct ones, making the set complete and adding significant value. This strategy may appeal to collectors without enough funds available to them for purchasing entire sets.
Before trying to resell LEGO sets, it is also essential that you understand their true worth. Too many sellers lack a clear idea of their value; as this can result in them getting taken advantage of by buyers with better knowledge of market prices for LEGO.
One of the best places to resell LEGO products online is through an online marketplace such as Facebook Marketplace or Mercari. These platforms offer various features that help you list items for sale that appeal most strongly to potential buyers; if selling an individual set, be sure to include its name and number so buyers can quickly identify it and you may fetch a higher price!
Brick Owl and Bricklink, specifically tailored towards LEGO collectors, offer another online marketplace worth investigating. Designed for user-friendliness, these sites enable users to easily create shops with various categories including sets, minifigures and parts; furthermore, they feature an invaluable search function which makes finding specific sets much simpler.
Can You Make Money When You Resell LEGO?
If you have an abundance of old LEGOs lying around your house, selling them online marketplaces such as eBay or bricklink sites could make some extra cash for you. Yard sales or thrift stores are other viable venues where these could be sold; keep in mind the condition of each set will play an integral part when pricing them as shipping and transaction costs must also be factored in when pricing LEGO sets.
Mint condition LEGO sets, in which the box has not been opened, are worth more than those in used condition. LEGO fans and collectors would pay a premium for complete sets that include instructions, parts bags, stickers/sticker sheets and minifigures; you could also part out sets to sell rare pieces or minifigures separately.
As LEGO sets usually only last for a few years before they become End of Life (EOL), their supply decreases while demand rises exponentially, leading to reseller shortages and potentially skyrocketing set values significantly – though it takes some time for retired sets’ values to recover fully.
Age and rarity are important considerations when it comes to assessing a LEGO set’s desirability; however, aesthetic appeal should also be taken into account. A set that features popular characters from movies or television shows may have more demand than generic offerings.
When you resell LEGO items online, eBay and Bricklink are two popular marketplaces to use as platforms. Both allow users to post images of their set with detailed descriptions; however, both marketplaces charge commission fees on sales made through these channels; therefore, it is wise to conduct your research before selecting which marketplace to use. Alternatively, social media websites like Facebook or Craigslist might offer more opportunities; but be wary as scams may occur more easily there.