Comments on: Insider: Maintaining Your Business https://www.quietspeculation.com/2014/01/insider-maintaining-your-business/ Play More, Win More, Pay Less Tue, 18 Jan 2022 02:37:39 +0000 hourly 1 By: Caleb Gothberg https://www.quietspeculation.com/2014/01/insider-maintaining-your-business/#comment-79843 Fri, 31 Jan 2014 03:44:55 +0000 http://www.quietspeculation.com/?p=43218#comment-79843 Craig’s List is overflowing with people looking to sell magic cards. I find that there are a ton of people on both ends of Craig’s List and you will have some competition. There are people that are looking for full retail on their cards and you have to have tough skin to deal with them. I tend to look for older posts that are still up. These people have usually already talked to a dealer and know what their cards are actually worth. Recently I contacted someone who talked to a local dealer I know about two weeks previous. I offered him lower than the other dealer and he took it. My advice is to just keep grinding

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By: David Schumann https://www.quietspeculation.com/2014/01/insider-maintaining-your-business/#comment-79794 Thu, 30 Jan 2014 12:53:26 +0000 http://www.quietspeculation.com/?p=43218#comment-79794 In reply to Lost Coast Wizards.

As Matt mentions, 1 good way is to grind out events though the downside is most people will want a premium trading legacy cards for anything else, which may or may not be profitable for you. Unfortunately, the # of people with legacy cards who want to unload them is declining and the # of people who want legacy cards is still increasing. While this is great for the sellers it’s bad for people trying to buy and even worse for stores trying to stock up. However, other routes you can try is posting a buylist in the Exchange forum on QS itself. If your prices are better than MTG.GG you should have an easier time restocking. The one trick/concern with keeping a good legacy stock is that you really need to have your finger on the heartbeat of the market, by that I mean you want/need to know what you’re players are looking for. I say this because as you know a lot of legacy staples are quite expensive, which means that if you guess wrong on what your playerbase wants you could have a lot of capital tied up which prevents you from being able to buy more of the cards they do want and thus making more profit.

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By: Mathieu Malecot https://www.quietspeculation.com/2014/01/insider-maintaining-your-business/#comment-79749 Thu, 30 Jan 2014 02:24:22 +0000 http://www.quietspeculation.com/?p=43218#comment-79749 Trade into staples at large events. Making sure you don’t overpay for stuff (at best meet mtg.gg buy prices) will allow you to trade to other dealers profitably, even for specific staples. Also, you need to raise prices until you feel well stocked. Allow people to negotiate, but you can afford to raise prices if the problem is holding ontocards. GL

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By: Lost Coast Wizards https://www.quietspeculation.com/2014/01/insider-maintaining-your-business/#comment-79734 Wed, 29 Jan 2014 23:27:24 +0000 http://www.quietspeculation.com/?p=43218#comment-79734 I just opened a brick and mortar 2 weeks ago. It has been extremely difficult for me to keep Legacy staples in stock. I have found that Channel Fireball has great buylist/trade prices. I have had some people come in and off cards to me, but I’m looking for a way to keep my Legacy staples well stocked. I have been able to make margins off buying low tcg, then selling at cfb retail, but it seems like that will have diminishing returns. I am placing an add in Craigslist, but most people are either offing at full retail or have bulk.

I hold tournaments with store credit as payout to off the cards. For me, acquisitions are the issue. Any thoughts as to how to keep my awesomesauce stocked would be welcome.

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