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How to make money collecting sports cards

By Catalogs Editorial Staff

Here is how to make money collecting sports cards by buying and selling

Here is how to make money collecting sports cards by buying and selling

There are a number of collectors through the years who have managed to make a decent chunk of change dealing in nothing more than sports collectibles. This is not an easy task. Some people turn to this particular business because they don’t really want to work and have decided this is an easy way to make some quick coin.

While there isn’t a ton of heavy lifting that needs to be done, there is quite a bit of work that needs to be done in order to really turn this into something that is successful.

Having read that, you might be asking, what are some ways I can learn how to make money collecting sports cards? There is a real chance to make some serious money as long as you follow a couple of steps and realize the money isn’t going to be rolling in right from the start. You need to carefully plan and realize that at the beginning of this particular endeavor you are going to be spending more money than you are making.

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The first step is to make yourself knowledgeable in the baseball card market in general. There are a number of good price guides out on the market that will allow you to know what today’s baseball cards cost and are worth and what past cards are also worth. It is the older cards where people are able to make some real money, but that also means there are plenty of people already looking for or owning those cards.

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In order to truly make some money by collecting sports cards, you will need to treat the trade much the same way you would if you were operating in the stock market. There is going to be a bit of a waiting game if you are starting out fresh. You likely won’t be able to buy a card one day and turn around and sell it for a profit the next, unless you find someone who is desperate for the card.

More than likely, you need to look at the purchasing of cards as a kind of investment that will turn a profit over time. Sometimes it will show a profit in a matter of months, but more than likely you will be looking at waiting a year or more in order to really make some money. 

If you are wanting to make this your full time business, the best way to go about it is to peruse auction sites that deal specifically with sports cards and see what different printings are selling for, as well as how often they are selling. You can even look at sites like eBay if you want to try and make a steal from people who may not know that much about collectibles. Believe it or not, garage sales have been one place where people have found a goldmine. The problem there is that cards are as likely to be worth nothing as they are to be worth a lot. Stories of garage sale finds have also circulated enough that others are also considering this outlet.

Patience and doing your homework are key if you are wanting to make money collecting sports cards. Collecting these items used to be considered nothing more than a hobby, but the Internet has helped it boom into a real business. It’s a business that people are getting into and getting out of all the time. Showing a little patience, doing your homework and working hard to find the best deals are all going to lead to you making some real cash over the long haul.

 

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