Wolf of Bricks is the web's best resource for LEGO investing and LEGO reselling.

LEGO Reselling Hacks: Tips and Tricks

LEGO Reselling Tips and Tricks to Improve Productivity and Profitability

Maximizing efficiency is an important aspect of successful LEGO reselling. By streamlining processes and minimizing unnecessary steps, LEGO reselling pros can increase their productivity and profitability.  

Here are some tips and tricks for maximizing efficiency in your LEGO reselling business:  

1.Use automation tools: There are several automation tools and software programs available that can help online arbitrage professionals streamline their processes and save time. For example, tools like Tactical Arbitrage and Source Mogul can help identify potential LEGO sets to purchase, while inventory management software like Sellbrite or Zik Analytics can help manage and organize orders.  

2.Specialize in only a few LEGO themes: Specializing in a specific items can make it easier for LEGO reselling pros to find and source sets, as well as appeal to a specific target audience. This can also help differentiate them from other LEGO resellers and potentially command higher prices for their products.  

3.Bulk buying opportunities can be a valuable source of sets for reselling pros. By purchasing in bulk, it is often possible to secure lower prices and increase profitability. It is important to carefully research and evaluate potential wholesale sources to ensure that they are reliable and offer competitive prices.  

4.Use fulfillment centers: Fulfillment centers, such as Amazon FBA, can help LEGO reselling pros save time and minimize logistics by handling the storage, packing, and shipping of products. While there are fees associated with using fulfillment centers, they can be a valuable time-saving tool for those who are managing a  large volume of orders.  

5.Streamline product listing and description creation: Creating 23 product listings  and descriptions can be time-consuming, but it is an important aspect of successful online arbitrage. One way to streamline this process is to use templates or pre-written descriptions for similar products. It is also helpful to use high-quality product photos and utilize SEO techniques to improve the visibility of the listings.  

6.Use a spreadsheet or inventory management software: Keeping track ofsets, costs, and sales can be a challenge for LEGO reselling, especially as the business  grows. A spreadsheet or inventory management software can help individuals  stay organized and track important data, such as profit margins, in an efficient manner.  

7.Stay up to date on market trends and changes: Staying up to date on market trends and changes can help resellers identify potential opportunities and make  informed decisions about what LEGO sets to purchase and at what price point. This can involve following industry news, staying informed about new LEGO set releases and collaborations, when a LEGO set retires, and regularly analyzing sales data.  

8.Set realistic goals: It is important to set achievable goals and deadlines for your business to help stay motivated and focused. For example, you may set a goal to increase your sales by a certain percentage each month or to source a certain number of LEGO sets each week. 

9.Use social media to your advantage: Social media can be a valuable tool for reselling pros to reach a wider audience and promote their products. Consider creating social media profiles for your business and regularly posting about new products, promotions, and market trends. 

10.Attend LEGO conventions and events: Attending LEGO conventions and events can provide valuable networking opportunities and help reselling pros stay informed about new and upcoming LEGO sets. These events can also provide opportunities to sell your products directly to customers and potentially increase sales. 

11.Implement quality control measures: Ensuring that the LEGO sets you are selling are in good condition is crucial for maintaining customer satisfaction and minimizing returns. Consider implementing quality control measures, such as inspecting each set before listing it for sale and providing detailed photos of any defects or damage. 

12.Utilize customer feedback: Feedback from customers can provide valuable insights into what is working well and what could be improved in your business. Consider soliciting feedback from customers and implementing changes based on their suggestions. 

13.Outsource tasks when necessary: As your business grows, it may become necessary to outsource certain tasks to help maximize efficiency. Consider  outsourcing tasks such as product photography, social media management, or bookkeeping to free up time and focus on other aspects of your LEGO reselling business. 

There are several ways that individuals can maximize efficiency and streamline their  LEGO reselling processes. By utilizing automation tools, specializing in a specific LEGO theme, utilizing bulk buying sources and fulfillment centers, streamlining LEGO set listing and description creation, using a spreadsheet or inventory management software, and staying up to date. 

Check out our YouTube video on LEGO reselling!

Learn more at our popular YouTube channel. Head on over to watch my reselling video and explore the other content that’s available!

LEGO Investing and LEGO Reselling information and news for seasoned and new individuals.