Sports trading card businesses can generate profits in the $30,000 to $50,000 range for a successful card dealer. How much profit can a Sports Trading Card Business make? A 30% markup is an acceptable margin for retail pricing. How much can you charge customers?Ĭard and merchandise prices fluctuate, but pricing guides do exist and are often updated. How does a Sports Trading Card Business make money?Ī sports trading card business generates revenue through the sales of cards and memorabilia.
More recently, collectors have become more diverse and a bit older, as popularity and market resale prices have both increased. Sports card trading has traditionally been most popular with younger men. Most ongoing expenses will focus on stocking inventory, rent and utilities for a storefront, business insurance, travel costs for attending trade shows and events, internet, phone, and website services. What are the ongoing expenses for a Sports Trading Card Business? If you do open a storefront, you’ll also factor in rent and utilities for your space, as well as a store build-out to include display cases, racks, tables, a cash register, and a counter space for transactions and customer interactions. Some businesses can even get started doing all their business through internet sales and shipping if you don’t want to pay rent on a storefront.īusiness location. You’ll also want to advertise what you offer with an informative business website. You’ll have to be able to advertise and communicate with potential buyers and sellers. Internet and phone service and a website.Offer a selection of items, but don’t overbuy initially. You’ll want to order a decent amount of stock to start your business. Seek legal advice from an attorney or other small business owner to make sure you’ve completed all necessary paperwork to get started. You’ll more than likely create an LLC, as well. What are the costs involved in opening a Sports Trading Card Business?Ī sports trading card business can require relatively low overhead to get started, especially if you already have a substantial collection of cards to begin with. Luckily we have done a lot of this research for you. What are the startup and ongoing costs?.
It will help you map out the specifics of your business and discover some unknowns. STEP 1: Plan your businessĪ clear plan is essential for success as an entrepreneur. Exploring your options? Check out other small business ideas. These steps will ensure that your new business is well planned out, registered properly and legally compliant. We have put together this simple guide to starting your Sports Trading Card Business. There is more to starting a business than just registering it with the state.
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