How do people do this on COMC?

[Hawaiian BamBam]

i checked out some of their top sellers on the site and they have over 200,000 cards listed. at .20 cents each to list thats like $40,000 just to list cards there. how do people afford to spend $40,000 to list cards there? they have cards such as 1988 and 1989 topps and 1990 score listed there. at 1 cent each to store their cards thats $2,000 a month just in storage fees! also, would it even be worth it to list that many cards and spend that kind of money?

 

[cjay101]

i checked out some of their top sellers on the site and they have over 200,000 cards listed. at .20 cents each to list thats like $40,000 just to list cards there. how do people afford to spend $40,000 to list cards there? they have cards such as 1988 and 1989 topps and 1990 score listed there. at 1 cent each to store their cards thats $2,000 a month just in storage fees! also, would it even be worth it to list that many cards and spend that kind of money?

They buy other people's 'inventories' (called ports) at major discounts.

If I had a few grand to play around with, I could certainly make a real nice profit with a little time.

 

[duke74]

comc

I wondered the same thing and the only thing I can think of is that they are dealers who have a side deal with comc and they have discounted fees.

i checked out some of their top sellers on the site and they have over 200,000 cards listed. at .20 cents each to list thats like $40,000 just to list cards there. how do people afford to spend $40,000 to list cards there? they have cards such as 1988 and 1989 topps and 1990 score listed there. at 1 cent each to store their cards thats $2,000 a month just in storage fees! also, would it even be worth it to list that many cards and spend that kind of money?

 

[cjay101]

You can seriously buy entire inventories for a low, low percentage of book value.

I sold $2000 BV worth of inserts and low end GU/AU for 300...and that was a nice mixed lot. They just hadn't been selling as well as I would have liked, and I was ready to liquidate for the time being. Even after my listing fees and cash out fees, I made a few hundred dollars that I never would have had otherwise (try selling a massive lot of inserts for 15% BV on ebay!)

 

[VintageHeros]

Like the previous response said, many of the larger accounts purchase other people's ports for 5-15% of BV. Transferring a port does not require listing fees.

Furthermore, it has not always been 20 cents to list a card. At one time I had about 15,000 cards in my port. I had them listed as low as .05 cents each through promotions, specials and an earlier pricing scheme. The regular rate for listing cards was at one time .10 a piece.

As for the 1 cent storage fee, that only applies to cards with a .26 cents or higher asking price, and if you have an upgraded account this minimum price increases to $1.00 (I think). So, if you have your prices set accordingly this fee should not really affect you.

And, finally, once you start loading cards and sell them it makes a little sense to use that credit to list more cards. This is one way to avoid (or postpone!) the 20% cash out fee. I was selling cards so fast that my credit allowed me to continually send in more and more cards until I had sent everything I wanted to. Now my account is somewhat diminished - I sold my port a few months back - but I have a lot less cards to worry about at home!

 

[Hawaiian BamBam]

thank you very much for all your responses, i appreciate it. yes, im looking at using my store credit to list more and more, especially since i have hundreds of thousands of cards to list but cant afford $40,000-$50,000 to list them all. so i think your advice of using sore credit to send in batches at a time(and not cashing out) until all my cards are sent it, would help with getting all my cards listed without much upfront cash out of my pocket.