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Thursday, December 12, 2013
Bundle - Just do it!
I foreshadowed this in my last post. The bundle option. I've used this strategy multiple times. Its quite simple but requires a bit more money upfront and possibly quite a bit of patience. I'll explain using one of my largest bobblehead acquisitions which happened in the early summer of 2013. I noticed a craigslist ad that had almost 150 bobbleheads. The owner wanted to sell them all in one lot, but knew that was really unlikely. I originally found roughly 40 I was interested in. After negotiating the price a bit, we settled at about 25 bobbleheads for roughly $7 per bobblehead. $7 wasn't a great price, but he had a few that were quite valuable and a bunch of other ones that I didn't have. Of the 25 I bought, my goal was to resell 10 of them for $100. Knowing if I could accomplish that, I'd have 15 bobbleheads to add to my collection for $75 total, which is $5 per bobblehead. Something I was quite comfortable with. After a few months of trying, I indeed did sell the other 10 for just over $100 total. The bundle option is something I'll always try when given the opportunity.
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