We Sold 1,500 Boxes & 5,000+ Cards in 5 Days at CardsHQ! 😳
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- čas přidán 19. 06. 2024
- Geoff talks with Ryan and Carter about CardsHQ's first week in business.
Follow Geoff:
Instagram: / itsgeoffwilson
Twitter: / itsgeoffwilson
TikTok: / itsgeoffwilson
LinkedIn: / geoffwilson
Companies Geoff Founded:
Sports Card Investor: www.sportscardinvestor.com
Market Movers: www.marketmoversapp.com
Three Five Two: www.threefivetwo.com
NoviAMS: www.noviams.com
iLS Network: www.ilsnetwork.com - Sport
Geoff you say a large part is due to the breaker arena but I have gone through the live stream and seen some days with only 3 people ripping in the arena. I also watched and hours passed where not a single person was on camera. This isnt adding up
What isn’t adding up is the fact that you supposedly sat there for hours watching an empty breaker cam?
Customer loyalty cards might be a good idea to encourage loyalty. With some kind of points system .
may want to change the virtual background on the livestream of the store because that stream in no way jives with what you are claiming about a busy environment
He says that the breaker arena is the main reason why he sold all those boxes but I went through a full day of the stream and counted 3 customers
I did a little math and if the numbers you gave us are correct (open 5 days, 1500 boxes sold), that's roughly a box every 37.5 seconds (give or take). Would love a little elaboration here. Thanks!
I think you answered your own question, its highly unlikely that happened.
Uhh, it would mean some people bought bulk obviously, get a life
@@Truthseeker1-uq6wc the get a life comment, means it personal for you, and obviously you are a Geoff cult member,
so nothing could possibly be amiss, Geoff says it, so it MUST be TRUE.
.
I would say that number they gave us would be called voodoo math.
I call bs, there is no way scanning through the live stream there was that many people in there to sell so many boxes.
The live stream just has a few random people opening boxes. I’m sure 95% of people if not more are walking out the door with their boxes not breaking in store on camera
@@zachpierce641 You can clearly see the foot traffic by being observant, there is hardly anyone in that store and the number of employees far outweigh the customers at any given time.
@@zachpierce641Geoff just said that the breaker arena is why they sold so many boxes. His words not mine. But I went through all the streams and there were no more than 6-7 people at most each day. He’s lying wake up
@@1inch3r true
@@1inch3rwake up to what? Even if he is lying which why would he? you can’t deny the success of this card store. No store in the world has this amount of depth and inventory to offer. Wake up to that maybe…
And they only lost 500k doing it.
Don't worry they are making money.
Just curious, with all the people ripping boxes, does the store have a submission area or employees to help send in for grading to any if the major grading companies. Partnership with Cgc/sgc/PSA to help those not familiar with grading?
Geoff. You have been a great inspiration for me and I am a 65 year old man. You think outside the box and are super creative. People don’t dislike you, they are jealous. Misery loves company. They are unhappy people and they want you to be unhappy. Keep moving forward as you are awesome!!
It almost seems like your shop is set up for a perpetual trade night. I would focus on the big events like the Super Bowl, nba finals, etc.
Looking forward to the online shopping experience. I imagine that once you go online you will crush those sales numbers
prices on boxes were incredibly fair. didn't rip, but I will! I think the slabs could be organized better, but understand that not being the case in week one. recommend vintage and alphabetical as best you can... and you'll sell more
I bought about 15 cards last Friday. was awesome! loved the store and can't wait to return
Congrats to you and your partners Geoff! I love your new store and have been following along on your whatnot single sales and trying to get into box breaks. I hope that side picks up, because unfortunately my break didn’t fill the whole day. I didn’t mind, but it would be nice to see that pick up so we can get multiple multiple breaks done. Congrats again and I’ll be following all the way from Alaska!
Can’t wait to get there I will with my wife and son promise u that awesome
Really rooting for you guys in Cards HQ. I think this shop is important to the hobby. It will help the hobby to show that a large 21st century card shop can thrive. Will definitely stop by if I am ever in the Atlanta area
I absolutely love what you guys have put together! Geoff, I hope we connect. I would love to fly down from Virginia check out your store and do an interview.
Don’t forget PSA/DNA memorabilia. People would love a “PSA/DNA zone”. Also, it might be cool to have live signings with guys like Pete Rose, Canseco, etc. just a thought. I want to see this business thrive..
Wish we had a shop like this in Sydney Australia
And Melbourne, there’s just nothing and the few that are the cards are so over priced it’s ridiculous
When will online ordering be available?
Post Malon loves Magic the Gathering. It would be sick if you got him to host a Magic event!!!
shop looks amazing and would love to see it in person, you do move the hobby.
I love when you reference the ice cream business. I have been in the ice cream Truck business since 2002! Great Job with everything Geoff!!
Can't wait to see it in Person !!!!!! Really Sucks that I am tied up with Uruguay but will get out there soon !!!!!
Keep throwing your money away with cards faster than your old show and thrift store folded
I’m old school and I don’t have the fire proof bulletproof cases with cards that could purchase a mansion in it. BUT I have 5 boxes (baseball, football basketball) hof raw, mint, NM cards from the “junk wax era” and early 2000s football cards. some Montana Marino and others. Is it worth my time to drive an hour and a half to sell a lot of my collection?
Can’t wait to come over and check out the store. I’m just two hours away so maybe some day soon.
Been watching your vids Geoff since day 1, I'm from the Philippines, hoping to visit CardsHQ soon! keep it up GODBLESS!
I think this store will set the standard….. a good standard. I also think it puts good cards in front of more people. It allows them to feel it and touch them before they purchase. It creates an experience !
I wish more shop owners would be this transparent. A lot of information here that we can relate to but more importantly, use as inspiration. Great job guys!
What transparency from an lcs do you seek? You want to know what other people are buying? You get a breakdown from Walmart too? You sound like the guy that wants to know what your jeter rookie is worth but it doesn't matter because you will never sell it:)
I miss your orignal geoff wilson shows with kelly on the couch talking cards… those were really fun to watch… please bring them back… dont watch as many with the experts… really enjoyed the videos with kelly just talking cards in a fun way….
Yeah, I can’t wait till you guys open your online sales so then we can stream what you have in the store and buy the way. I’ve heard your prices are fair so it would be a much better experience than going like on eBay or other platforms because they automatically jacked their prices up.
Good Luck Geoff...sounds like you are having some fun.
Thanks for sharing your numbers helps get a retrospective on how things are going in card world
Does this really matter to you? And I assure you, his shop is not the bellwether for the industry.
@@badradiocaller I doubt a bunch of other new 14K Square feet stores to spring up around the country unless they have a Fanatics/Topps nametag.
Congrats man! Big inspiration/motivation for an entrepreneur like myself. Love what you guys are doing 💪💯
How do i buy online? some people cant make it out to your shop would like to buy online. Would like to see prices on wax compare to other companies
He commented that they haven’t set up their website yet however, they are working on getting a website set up now
Congrats Geoff and team. Great first week!
Oh, Geoff...I couldn't be any happier for you! Your fairness and loyalty is unparalleled. Not only are you willing to be in store every day, doing all the little things it takes to be successful, but you're also willing to put in 80+ hours a week to help shoulder some of the burden that Carter and Ryan have taken on. The fact that you're willing to roll up your sleeves and grind speaks volumes! Your employees can feel good knowing that you will ALWAYS put them first. Even if that means sacrificing your own time so that your staff can still "have a life", you're more than willing to do it. You're def not just a face in front of the camera who keeps piling work on top of your employees so you can prance around and tell everybody how your card shop is going to revolutionize retail shopping in America.
Good on you Mr. Wilson 👊
Is this a joke😂
Keep up the great work
I want the store to succeed but these numbers seem implausible.
Outstanding content. Congrats on everything
Are all your back stock slabs already barcoded and ready to go?
Looking in from the UK I think this is a wonderful experience you are offering to card collectors, gamers and the like. Unfortunately no matter where you are there are always the 5% who just wish to create negativity one way or another but they are just a few bumps in the road. As a vintage collector I did pick up on the Wills Cigarettes Walt Disney/ Mickey Mouse card in the Mojo video and also noticed what looks like a T218 boxing card on the stand behind in this update conversation. I cant wait to see what happens in the coming weeks as you guys get into top gear. You must be so excited to be part of this project...
Are u doing pack wars for prizes like on a Saturday or something? Might not be a bad idea idk but something like that to build even more excitement!
good news for the start of your new shop HQ
Geoff isn’t it against Google policy and a conflict of interest to be the owner of a store and write your own reviews as well as having all your employees write reviews? Are you trying to flood out all the bad reviews you have received ? Why the deception ?
GREAT JOB GUYS KEEP IT UP ! IM SURE YOU WILL . ONCE ON LINE KICKS IT IM A BUYER
Inventory!!!
Great job Geoff, I wish the best for you.
If you offer TCG people ample tables and comfortable chairs with 24 hour availability your shop will go bananas I promise!
Congrats! Here is hoping to great success! Thanks.......
applaud you sharing and I agree. We should want you and the hobby to fail, but at 39:00 minutes when you compare President to Government and sports cards you expose yourself to more critics. Yes, you are showing if you have $3m you can open a card store and change the retail hobby. But the hobby is full of little LCS and side dealers that won't take so positively and they will HATE on your success. (Personally, I like most LCS are obsolete and can't scale their communities. I think only strong stores like your Fantastic Store in Chantilly, DaveAdam, SteelCity, Burbank etc are the future LCS empires of the hobby.)
I'd also say the hobby THRIVES on failures. The best deals in the hobby are the LCS going under selling at a discount or the guy at the show that sells it all at 50% because they need cash or just done with it. This is the way of the hobby. We eat our own!
These guys are going under in a year. I have been there three times. Ive seen one live breaker stream. The end consumer is not there for the long term. I hate it for the hobby but this place is not what they promote it to be for the real investor/collectors.
Inventory is definitely going to be an issue. I reached out via email about selling/trading my cards and have not heard back. I am sure you guys are swamped but hopefully you hire a buyer and get back to people soon.
LET'S GOOOOO!!!!!
What's the revenue and net gain for these 5 days?????
Negative
I am amazed you would ask that question. I would be more amazed if you thought you would get an answer. Not only is it non of your business I suspect you would slight Geoff either way. If he made a lot because of good volume you would say he charged too much and if he sold less you would say what? That it was a stupid idea to open such a large store? I am sure most everyone wish that store was in their city.
@@RobertLee-wi5kche said card business is heating up, and as collector we should concern about it. I am amazed you were saying this...
Congrats guys!!!!
No replies from HQto comments
Better start booking bday parties 🎉 if you want to be Chuck E. Cheese 🧀 of the hobby when those rooms are not creating revenue. I don’t see or hear what your loss leader is? The sq footage of your store is an issue according to % of revenue per sq ft each month. I foresee a lot learning curves for you it’s sometimes best to consult outside consultants who know what sq ft is $ in your day to day operations. Card shops can be easily be compared to a pawn shop people come in to hustle and your on the other end trying to be the master hustler of margins. I hope you take this as constructive criticism but in order to keep that machine size store running you need multiple buyers per region to keep you healthy in inventory to actually turn. As someone who buys collections the last 25,years I can only cover my 4 regional states again that takes time so when you say your looking for 1 buyer I think you need that scaled by 3-4 to cover all regions all weekends shows and appointments via collection buys. But heyyyy what do I know I’m a liquidator by trade 40 years in the hobby as a hobbyist who works for banks,creditors,public administrators & bankruptcy courts of failed retail outlets and they all failed within the first two months of not properly scaling inventory can’t sell vacant space unless your a subleased based company..hope you take a few things said and make them work for you and of course as you said for the best of the hobby.
Pretty sure he bought the building so other than taxes and utilities only real costs are labor. When you own it's easy to stay afloat even during market turndowns. If not mistaken even taxes are very reasonable in Atlanta. Not like New York or Chicago. He will do fine even if he only did local.
@@RobertLee-wi5kcutilities for 14000 square foot building isnt cheap. Once you throw in employee wages(and possibly benefits), it doesnt seem tenable for a card shop to work in that scenario. And as many comments have pointed out, hes likely lying about the number of sales. It's almost an impossibility to move that much in a week span. Especially when all the footage you see in the shop makes the place look like a ghost town.
@@johnwayne9828 Well saying you sold 5000 cards says nothing of your profits. Selling 1500 boxes also says nothing profit wise. I would suspect that by the prices I saw on the boxes that he was making a higher markup. Guess if you are right he will close in a year. If am right he will profit and stay open. I would bet on me and Jeff. Hard to imagine with a 30-40 percent mark up on cards (he buys at 70 and sells at 100) that 5000 cards is pretty good unless they are all coming from the dollar bin:) 1500 boxes probably making 20 per cent thats at least 15K. Of course if you say he is lying then none of this matters anyway.
First
Wish him the best and his partners
i see sheep in the pen
As a successful business Owner I can tell you the first year is going to be good but year 5 to 10 will be the harder years. People will come once but then they will go back to what's easy... ebay.
True I had a store and even though I would constantly show people my prices were equal to or cheaper than ebay, they still shopped there. I went so far as to put up a large sign with matching of ebay. People would buy there then bring in the item to bitch about the quality to me:(
I have tens of thousands of sports card I will grade. I am willing to do 50% FMV if we continue working together. No base cards. All rares. Including graded pokemon cards.
Awesome! To bad 2 months later you're already struggling bad, and going bankrupt fast..😮
the closest comparison to geoff is the president! love the show man!
😂😂😂sleepy joe biden? Yeah, I can see the comparison to sleepy Geoff wilson.
So excited for you guys. Your the Hobby leader weather or not anyone wants to admit it so keep up the great work
No chance this is true.
Geoff you have been great for the hobby and no matter what there will always be haters out there. Keep up the amazing work you do for the hobby!
Completly agree
You have to be careful buying. That's how every card store got trapped late 90s. Grabbed too much supply and then demand dried up.
Sure you did! Lol
Love what you guys are doing. Next step is franchising.
Watch out Geoff the haters will be lurking and ready to do what they do best which is hate hate hate like a Dave Chapelle sketch!!😂😂😂💯👌 I'm in Michigan but hope I can visit the shop soon!! Love the breaker room for people to open boxes on camera brilliant idea whoever came up with that!!
😂😂😂you better hurry up and plan your visit, this place ain't gonna last a year.
I don’t hate Geoff. I just don’t think he knows what he’s doing sometimes with the cards he overpays for , but if this shop fails nobody wins. I think. Geoff haters lose sight of the fact if this shop was to fail in six months, we could all make reaction videos and laugh at Geoff but what did we as a hobby actually gain? It would be a really bad sign for the hobby in general for a shop this size with Geoff’s connections to not be able to succeed
His shop failure wouldn’t mean anything to the hobby. It would mean he over committed to a business model that was unsustainable. Brick and mortar is dying daily and he went all in with that model.
@@kmik4466 sure but what do we gain?
@@zachpierce641 why does the hobby have to gain or lose? His failure would be a lesson in shop size and/or the brick and mortar concept in a digital era more than anything IMO.
The hobby is bigger than Geoff. Much bigger. He’s just a cog. He’s gone tomorrow the hobby continues. Just reality.
@@kmik4466 why is everyone rooting against him? Because they have something to gain.
So many haters in the comments its so funny. Be happy for other people's success smh..
I`d love to become a buyer. I can work long hours. Have all the equipment for the fastest research and I watch the market all the time