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Remember, the
essential concept of the program "Buy Low when Supply is
High and Sell High when Supply is Low."
Also remember that to make a profit, any expense you incur
in buying your inventory must be recouped when selling your
inventory.
Top Ten Rules for Buying Hot Toys:
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Buy only
from the Hottest Toys list
Being able to sell your toys depends on the major toy
merchants becoming sold out of the toy. If people can buy
from a toy merchant they trust, they won't want to buy from
someone they don't know. Also remember, that just because
a toy is on the Hot Toy list does not mean that it will sell
out.
-
Buy early
You've got to buy your inventory before the major toy
merchants become sold out.
-
Never pay
full price
Take advantage of the coupons and special offers from the
toy merchants. In November, many of the toy merchants
offer $5 and $10 off coupons on some of the hot toys. Find
these special offers and coupon codes on ToyFortunes.com (we
update the specials daily). In addition, check the ToyFortunes.com
Comparison Shopping Results to find the lowest price among
the major toy merchants. ToyFortunes.com updates the
prices several times a day.
-
Never pay
for shipping
Take advantage of the free shipping offers from the toy
merchants. Beginning in November, many of the toy
merchants offer free shipping on toys. The free shipping
usually requires a minimum purchase of $50 or $99.. Find
these free shipping offers on ToyFortunes.com (we update the
specials daily).
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Keep
careful records of your inventory and all associated costs
You must know exactly what you paid for the toy, including
expenses such as sales tax and shipping, so that you know what
price to set for the toy when you sell. In addition, you
must carefully estimate the cost of selling the toy (auction
listing fees, auction final value fees, credit card fees,
shipping costs, etc.) These fees must also be recouped
when you sell the toy so that you make a profit.
-
Buy only
what you can afford
Making your toy fortune is a risky business. It is
tempting to buy dozens of each toy in the hope that you will
sell them for a large profit. But even among the Hot Toys,
some will never become sold out from the major toy
merchants. In that case, you will not likely be able to
sell your toys for a profit.
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