Supply & Demand: LEGO Investing for Beginners Episode 3
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- čas přidán 12. 07. 2024
- In this video I talk about how Supply affects LEGO investing. There are three specific topics that I address when it comes to LEGO investing - Limited Retail Availability, Shelf Life and Limited Release LEGO sets. If you are interested in any additional LEGO investing tips make sure to subscribe and check out other videos on my channel.
Time Codes
0:00 - Intro
1:21 - Limited Retail Availability
5:00 - Shelf Life
10:17 - Limited Release Sets
16:07 - Outro
#lego #legoinvesting #investing
Hi Jake! Big fan! You partly inspired me to start making videos on LEGO myself. Your tips are always on point and your insight is real good! Also the room behind you is SICK!
Viking! Love this! Checking out your channel now!
Great series! I really love your no non-sense advice videos.
Appreciate that feedback! Thanks so much Maebe!
I love these videos and just about anything Lego investing. While I didn’t learn anything, it did reaffirm my thoughts. Keep it up. Thanks
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Excellent informational video as usual. Fantastic for those of us who are just starting or might be a bit more causal about our Lego investing. Please keep these types of videos coming.
You got it! Thanks Michael!
i was about to waste all my money until i stumbled across your series. THANKS A TON!!
Well shoot! That is high price! Good luck on your investing journey!
Love your videos! Esp Lego investing tips! Keep it coming !
Thanks S Y!
Love to watch this content, great video series.
Maybe in the future videos you can touch on comparing different markets, especially Europe vs US. Really interesting, how US market is so much stronger regarding LEGO-s overall. Discounts are greater, demand for current and retired sets is way bigger, etc.
I really should do a video on this although my knowledge of the UK market is limited
@@JakesBricks Unfortunately UK is not a part of EU anymore. From what I hear, UK has quite strong LEGO market, probably second strongest behind US. Interesting, how LEGO is from Denmark Europe and EU market is lacking behind with quite some margin and it is getting worse and worse, compared to US and UK. Maybe we can only excluded Germany and France, the two richest EU countries.
Great series !
Thx Nikolai
Love the content. Pls keep up this series, and for some ideas, a q&a may be good?
Would love to do a Q&A! Maybe I should go live and do that soon!
Another great video my friend
Thanks Tony!
More great content, thanks Jake ✔
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Great film. Great series! Greetings from Poland :)
Hey Ari! Thanks!
Would be great to see a video on back end fulfillment. Selling platform pros and cons, packaging tips, what frictional costs are with packaging and shipping, etc. awesome stuff!
Dan I have this on my video ideas list! Will create this video soon! Thanks for the comment
@@JakesBricks Thanks! These are great. Watched your other video breaking down shipping and eBay fees. It just strikes me that an entire 1x of your return could be eaten by frictional costs. At what scale could you make it work where you just set up a Shopify storefront and actually pay search engine marketing to drive traffic? Have other investors ever thought about pooling together and setting up a trading/e-commerce platform? Get scale on shipping, marketing costs (which are basically what eBay fees are)?
@@eliseychou this is a great question… I would imagine building traffic takes a lot of marketing dollars. And because there’s so many scamming Lego websites out there, it makes me nervous that people would take a while to determine if it was legit.
GWPs could also be viewed as a variant of the stuff you cover in this video :) Thanks for this series.
Very very true I’ll be taking GWPs is an upcoming video
Jake, I can’t be happier to watch your videos. CZcams treated me good yesterday… 😂. I’m also a builder, but found out this hobby is getting a bit out of control…. Not saying I can’t afford, but would like to get some assists. Your insight is very close to mine, but with bigger inventory 😅. Anyway, great videos. Keep up the good work. I followed your IG too.😊
Cookie Co! Thx so much! Hope I can help you find your building hobby any way I can!
Hello from France ! I rewatched the first two videos. Thanks and nice work ! Popularity is important also, of sets and themes, even in the long term, just like with the Elvis set. Elvis will always sell at some point. Not all obvious choices are the only good ones, though. So, this is a pretty tricky topic, and would this be your next topic of choice ? You partially touched on it already with the unique minifigures and pieces, and now colors. I think we have a winner here. 🙂
Love this analysis thx Marc!!!
Hey man I live in KC to in Waldo, I’ve been watching for awhile and it has been helpful focusing on sets to invest to fund my collection
What up Ryan! I have great friends who live in Waldo! Thx for the support on the channel
Yeah no problem
As someone already mention, LEGO GWPs would also be interesting topics.
As I was complaining before, regarding EU vs US LEGO market, with GWPs is a little better. From my experience, selling multiple copies of same GWP is fortunately not in issue. There is still quite strong market and buyers for this limited sets, even in EU.
Yes, there are some hit and miss GWP sets, where for a lot of them, we can see so called the race to the bottom and prices on aftermarket plummets, even below LEGO suggested MSRP. Last example is Tribute to LEGO House. But you have some really good ones, that hold the price well, like Blacktron and Forest Hideout.
Price threshold, to get this GWPs is another story all together, especially for the recent 40583 Houses of the World. You can also also touch on that topic... 😉
Tomy Boy! Excellent comment and I should definitely do a video on GWPS in the near future!
This is the most interesting topic
Hey man, love your stuff, i think a cool vid would be to sort of document your own growth as an investor. So, for instance to say..."well year one I bought these x number of sets...then i put all of those profits plus some more income back into the biz for year 2 and bought x type and number of sets etc..." I would find that interesting at least ; ), to see how you went from the beginning to now where you appear to have an inventory valued in the mid 5 figures range at least. Also (and maybe you have covered these) but some of the ups and downs of that journey etc would be interesting...like the HS castle sounds like a win, but maybe you have a few you bought 20 of that never moved etc, and what you learned from that...anyhow good stuff, best of luck bud
Mark I love this idea and will def add it to my list of video ideas!
@@JakesBricks awesome man, look forward to it ; )
Cool I managed to get 10 stranger things Brickheadz for 18£ each all sealed am hoping to sell them all at 60£ soon as they just retirex
Boom 💪💪💪
Just found your channel and been going though all your videos, great stuff and valuable information! I would love to see a video on how you keep track of all your inventory, and how you keep track of the values of each individual set for the aftermarket to decide when you are going to sell it? is this automated for you somehow or do you go through your entire inventory every month and check the values? Great videos, keep them coming!
I will have to make a video on this!
You should make a video on the selling process. Such as what platforms to sell on and how to package the sets.
Will for sure add that to my video ideas list
I second that.
Awesome series! Love the information :) I got a question, how do you figure out that sets are exclusive, or only sold at a target or for the fiat only to uk? Would love you hear from you and keep up the good work
This just requires research… I’m connected to lots of CZcamsrs, blogs and forums that talk about sets. But brickset.com usually tells us if a set has some exclusivity
@@JakesBricks Awesome! Thanks for answering this fast :) Keep up the amazing work
Please make review on the “boring” type of lego such as World Map… should i sell or hold?
Thanks for the videos! I’m just getting into this. What do you think about the GWP such as blacktron cruiser. Should we sell now while there is some hype or wait some time for there to be less supply in circulation?
9 times out of 10 the best time to sell a GWP is right when you get it! I would say the same is true for blacktron
Just got started a week ago, I start with Ninjago and City sets, I invest not just to earn money but I like Lego and Toys, even i dont sell it in the future its still a win-win for me.
"Invest money that you can afford to lose"
That quote is very important! Thx for sharing mucho
Really good and interesting series although I do wonder why you leave it so long between episodes?
I’m a busy guy! I wish I could put out content more consistently… I’m just slow at editing and shooting video. Hoping to pick up the pave
Any word on new Exclusive for Target, Kohls, BnN or Walmart? gotta be some new ones.
Let me do some research
Love your videos dude. I have just started my investment journey! Any tips for the selling market? Currently using eBay.
That is where I sell mostly… Amazon is a bigger animal and bricklink is good as well
Jake do you ever take advantage of cash back on credit cards to lower buy in price? My local sales tax is ~6%. Depending on which credit card I use and from what store (Walmart card, Amazon card). I can get 1.5-5% cash back. So best case, it helps cover most of my sales tax when I buy my sets. The key is you HAVE to pay it off before you get charged interest by the credit card company.
All the time! Rakuten and capital one cash back as well!
Hi Jake
I am just starting a collection & investing. How did you start off? Was it a bulk buy or did you just buy some smaller sets then sell for profit to buy bigger sets? Thanks
I should probably make a whole video about this! But I started off with a few sets I found at Goodwill!
@@JakesBricks a video would be fantastic on this please. I am really getting into this Lego investing & finding I am obsessing now 🫣 I managed to get myself started with the following sets over the last few months but I’m now at a cross roads where to go from here. Thanks
Lego Star Wars 501st clone troopers battle pack 75345
Lego Star Wars dark trooper attack mandalorian 75324
Lego Star Wars TIE bomber star fighter 7534
Lego Harry Potter first flying lesson 76395
Lego marvel studios Bro Thor’s new Asgard 76200
I’m interested in price point, like how many sets you buy at retail vs discounted. Basically is it a hard rule to never go full retail or does it simply depend on the set? I see things often discounted at at 20%, which is starting to feel like normal retail. How often do you find sets for 30-40% off?
Hey kraxe I might have to add this to my video ideas list to answer it!
What do you think about the BMW M 1000 lego set as an investment? A good investment? Do you think it could become a series set, just like the super cars?
Maybe but idk think it’ll make you much
Not sold on this one yet. Your probably have to find it on discount to make it worth it
@@JakesBricks yeah I got 2 for 142€ this week, I liked this one very much. And btw, I do like your videos very much! 😁
So I want to ask about buying sets for opening and for saving closed. I want to open a few but money is an issue, so what would you suggest for opening adult sets and saving money in buying 2 at the very least...
Opening a set always reduces the value on that set. But I started this channel to help others fund their building hobby! So if you have a set you have your eye on but you can't afford it then I would recommend buying a few small sets for investing. Let them appreciated then resell them for a small profit to put towards a new set you want. Hope this helps
Are you selling one of the carnage leg heads. was one I missed out on.
I do have them... Was going to let them appreciate a bit more but I might be willing to part with one. Feel free to shoot me an email: jake@jakesbricks.com
Are you selling any of your stranger things Lego sets?I’m interested in 1 for my personal collection.
Sold them all already unfortunately
Hi I am wondering where do you sell sets ?
Ebay primarily! But will make a video about that soon
Hey, do you think that i can lose money on a long term investment in a lego set? Im talking about selling it after like 7-10 years. And is it even worth to hold on a lego set for that long?
Hey Szymon! This is a tough question to answer. I made a video about this here: czcams.com/video/Gn_hAAcnDeg/video.html
The quick answer is no, I don't think any set held for 7-10 years could "lose" money. I think re-release would be your biggest concern. So over the years your investment could go down in value but you likely won't lose money.
@@JakesBricks thanks
Enjoy the series!!
Thx Keith!
How deep are you going on the Ahsoka Brickheadz?
Don’t have many yet… we will see how long it lasts on the market
Maybe the Blue Fiat will start to appreciate more now the yellow one is retired. Time will tell.
This is a great point
Where do you find out when lego is retiring a set?
Brickfanatics, StoneWars and LEGO.com
How much 💵 would I need to start investing into Legos?
I started with $100
@@JakesBricks sweet! I have another question what do you do with your empty Lego boxes?
@@FresHkInetingz he doesn’t open the investment. New legos sells for more. But if you do open then keep the boxes 📦
How many lego sets you got
I’ll need to check I am actually not sure
10:30 dude even does his videos with demand supply 💀
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I'm going to go out on a limb and say it's because almost no one wants a fiat 500 Lego set.
You might be right hahaha!