Trading Profit Booster

How should I go about starting my home retail (collectibles: trading cards) business?

I’m only going to have around $1000 to try and get some kind of ball rolling. I was thinking about buying a couple cases of Magic: The Gathering trading card booster packs and selling them in an ebay store or something for a bit less than the suggested retail price. How can I expect to make any money, though, if others are selling the exact same for even LESS than I BOUGHT the packs for? How long should I expect it to take to sell ~500 booster packs at ~$3.79 a piece in an ebay store or other business medium? I really don’t have too much of an idea as to what I’m doing or what I should do.

Even though it may not feel like you have an idea of what you’re doing, you’ve got a really good start:
*you have a business idea that has proven successful
*you have funding
*you have a partner
*you’ve found and selected a sales venue
*you’re knowledgeable about buyer demand and pricing for your product
*you’ve checked out your competition

Since you’ve uncovered that your competition is underselling your purchase price, you can compete with them in other areas. Many buyers are looking for the cheapest deal, but many others are looking for the best value for their money. They’ll spend a few dollars more if they think it’s worth it, like:

Service–promise (and deliver!) quicker time-to-ship, better shipping terms and as many options as you can manage
Rare items–If you two have a few stellar cards to contribute to the business, it would get your ebay store noticed.
Treats–Is there an inexpensive but relevant item you can include in every shipment?
Unique bonuses–If you two like to write, you could collaborate and make a little booklet about game skills/tactics/strategies that you could include with each order.
Upsells–maybe sell card cases or other accessories that can be purchased and added to the order with little or no extra shipping.
Great sales page–a clean and stylish page design, with plenty of well-organized information on the product, clear photos, and perfect spelling and grammar.

Whatever you choose to do, make the one thing that’s really special, that no one (or almost no one) is doing, a part of your title, so it’s out there in front for the shoppers.

These are a few ideas that could put you at the head of the pack (no pun intended!), but you know your market far better than I do. Try looking back through your competition’s auctions as if you were a shopper. What would keep you from buying from them? Ugly site? Expensive shipping? Whatever turns you off, be sure to do better with your own sales.

Hope this helps!

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