I consider myself a hoarder more than a collector, ha! But I know many crafty friends with some amazing collections – and it reminds me so much of my kids’ diecast cars collections from their toddler years!
If you’re new to the blog, welcome! If you’re a longtime follower (well, first of all, THANK YOU!), then you might already be familiar with the many, many, MANY posts I’ve made circling my sons and their love of Disney-Pixar’s CARS franchise. Thanks in no small part to my mother, they amassed such an amazing collection of the CARS characters that I ended up building shelving to showcase them!
People from all walks of life enjoy collecting items. However, many popular collectibles can bring value if you know how and where to sell them. Here’s some tips for selling your collectibles.
Are you a hobbyist, collector, enthusiast, or investor looking to turn your passion for collectibles into a profitable venture? Collectibles can be lucrative hobbies that offer both emotional and financial rewards. However, there are tips and tricks to mastering the art of buying and selling. In this post, we’ll explore a few tips for selling your collectibles to help you turn your hobby into a profitable business.
Begin With a Plan
Whether you’re a seasoned collector or taking up a hobby during retirement, creating a plan for buying and selling collectibles is crucial. Decide what type of collectibles you want to focus on and research their value. Set a budget and create a timeline for when you want to buy or sell items. This plan will help you stay focused and organized, ultimately saving time and money.
Build a Network
Networking with other collectors and enthusiasts is a great way to learn from other’s expertise and obtain information on the best places to find unique collectibles. Use social media platforms like Facebook and Instagram to connect with the collector community, and attend events like trade shows and auctions to learn where you sell your diecast model cars and other valuables. Building a network can also lead to lucrative deals and connections you may have never discovered on your own.
Take Good Care of Your Collectibles
If your collectibles are damaged or scratched, they can lose significant value. Proper storage and care are essential to maintain the condition of items and increase their value. Keep them clean and dust-free and store them in temperature-controlled environments that prevent exposure to UV rays and moisture. Additionally, avoid displaying valuable collectibles in areas with high foot traffic or where they can be easily knocked over.
BASICALLY, DON’T DO WHAT WE DID – I LET MY BOYS LOVE THE HELL OUT OF THEIR CARS! ? I mean, look at the love in this face!! ?? (He’s thirteen now, he would KILL me if he read my blog, haha!)
Determine the Right Time to Buy Or Sell
To get the best deal, it’s essential to understand the market’s current condition and the value of your collectibles. You should also be aware of the best time to buy or sell. For example, seasonal trends can impact the value of certain collectibles, and knowing these trends can help you make informed decisions. Also, monitor auction trends like bidding data and hammer prices to determine the best time to consign or buy.
Utilize the Internet
The internet can be a powerful tool for collectors, providing access to global market data and a larger volume of inventory. Websites like eBay, Amazon, and Etsy can be reliable marketplaces for buying and selling, while specialized forums and collector’s clubs can offer insider information. Lastly, you can use social media channels to connect with other collectors and buyers and gain a broader audience for your collectibles.
Collect With Interest and Intention
Collecting can be a profitable business if approached with strategy and intentionality. No matter your interests, you can make a healthy profit with a bit of effort. Remember to do your research and use these tips for selling your collectibles to turn your passion into a lucrative venture and experience the joy of collecting and earning.
We may not be earning the big bucks from our CARS collection, but I’ve had the BEST TIME OF MY LIFE making my boys’ smile over and over again by highlighting their obsession over the years. The toys have passed from brother to brother as one outgrew and the other grew into the love of the films. Check out a few of the Disney CARS posts I’ve done in the past . . .
