Introducing Card-Flipping Strategy #3: Cross-Platform Auction Arbitrage (In Dev)
With so much data and a number of different buying platforms, there is a ton of opportunity to research and find favorable card-buying situations. Worst case scenario should be near break even...
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This is not buying or investment advice. I’m simply reporting the data I’m seeing. Please do your own research and make your own decisions. Just because cards have increased in value up to this point, it doesn’t mean they will continue to do so.
My card-flipping methods go through different phases.
It started with strategy #1 and trying to be in the “right place and the right time” by surfing the new cards being added for sale to COMC, and grabbing the deals before someone else did.
I’ve had a ton of success with this one, but it’s unpredictable and competitive, and leaves me with the feeling that I need to be constantly updating the web page to find a deal.
If you have no idea what I’m talking about, read this:
From there I moved more into strategy #2 and the “know and seek” approach, where I learn about the different valuable cards that exist and then go out and find where they are underpriced (usually CollX).
Most of thee cards you see here on my Profit Tracker were obtained in this manner:
Experience told me that Fleer Brilliants were big money (thanks to Chauncey above) and found a Jim Jackson for $1.75 that I turned into $40 profit.
I realized the Bo Jackson 1994 Mothers' Cookies card was a big one, found one for sale for $4 and made $46 profit.
Upon learning about Topps MVP Promotion cards, I found a Roy Halladay for $2.75 and made $60.
I could go on and on with this strategy. It’s a great one.
In my evolution, though, I’m always looking for something else; a new revenue stream.
Which leads us to a third method (and I have a fourth on deck!). While I haven’t utilized this one a ton recently, I do want to do more of it (and I want to do more of it because I’ve experienced success with it in the past).
Strategy #3 is born from this idea:
With so much data and a number of different buying platforms where you can buy cards, there is a ton of opportunity to research and find favorable card-buying situations.
In anything I do with card flipping, my goal is that the worst case scenario should be break even (or close to it), and of course, the best case scenario should be a nice chunk of profit.
Meaning, I never want my worst case scenario to be losing hundreds or thousands of dollars (which can easily happen if you buy boxes of cards, into breaks, etc.). Again, I’m not against those things if that’s where you succeed…they just aren’t for me.
Of the strategies I’ve presented so far, this third one is probably the riskiest. There is more out of your control/being left to chance.
Not to mention that you need to take some educated leaps, and they won’t always pan out.
All of that said, you can still eliminate risk to the point where the worst case scenario isn’t so bad, especially if you’re winning more than losing.
If that sounds more exciting than confusing/scary, then let’s get into it