1. Guides
  2. How to Make Money Off of a Large Action Figure Collection

How to Make Money Off of a Large Action Figure Collection

Apr 13, 2024
How to Make Money Off of a Large Action Figure Collection

Are you sitting on a goldmine of action figures? With the action figure toy industry expected to be worth $15.2 billion by 2031, it’s no wonder that collectors and sellers alike are eager to cash in on this lucrative market. In this blog post, we’re going to share insider tips and strategies on how to make money off of a large action figure collection, from researching their value to choosing the right selling platform and handling returns like a pro. So, whether you’re a serious collector looking to sell off your prized possessions or a budding entrepreneur searching for a profitable niche, this guide is for you!

Key Takeaways

  • Maximize profits from your action figure collection by researching its value, identifying high-demand figures and choosing the right platform to sell.
  • Clean and package items properly, use secure shipping methods with appropriate packaging materials & insurance for safe transit.
  • Expand your collection by diversifying sourcing methods & staying informed on trends to capitalize on market opportunities.

Maximizing Profit from Your Action Figure Collection

Maximizing Profit from Your Action Figure Collection

The value of your action figure collection may be higher than you think. The condition and rarity of the figures play a significant role in determining their worth. For instance, sidekick action figures have become more scarce and esteemed than main character action figures in the past few years. Joxer, the nerdy associate from the television program Xena Warrior Princess, may possibly be worth more than Xena herself.

Understanding which toys are in high demand and maintaining them in pristine condition is crucial for fetching top dollar for your collection. Star Wars, Marvel Legends, and Funko Pops are among the most popular franchises. Many people are eager to get their hands on these items, including star wars toys. Additionally, focusing on special characters produced in smaller numbers can increase their value in the future.

Research Your Collection’s Value

One of the most important steps in maximizing your action figure profits is knowing the true value of your collection. Achieve this by investigating current market prices online, referring to price guides, and obtaining professional appraisals. These resources can provide a general idea of your figures’ value and give you a competitive edge when selling.

When researching online prices, consider aspects such as the current market values of action figures, minor damage to the packaging, and yellowing of the bubble. Consulting price guides can provide valuable information about the market values of action figures, which can be used as a reference when examining other figures.

When seeking professional appraisals, consider having your action figures graded and appraised to guarantee they can be sold for their full value and authenticate their condition to the buyer. This extra step can significantly increase your figures’ value and appeal to serious collectors.

Identify High-Demand Figures

Identify High-Demand Figures

Prioritizing the sale of popular and rare action figures, such as limited editions and those from well-known franchises like Star Wars, will ensure maximum profitability. These sought-after items, including star wars action figures, may command a significant sum, attracting even casual enthusiasts to pay for a recognizable piece.

Some of the most valuable Masters of the Universe action figures from the 80s, which could be a part of a neca action figure collection, include:

  • He-Man
  • Scare-Glow
  • Tytus
  • Skeletor
  • Wun-Dar
  • Snake Mountain Playset

Keep an eye out for such valuable pieces and focus on selling them to make the most out of your collection.

Choosing the Right Platform to Sell Your Action Figures

 

Choosing the right platform for selling your action figures is crucial to maximizing profits. There are numerous online marketplaces available, each with its own unique features and benefits. We will delve into the following platforms to assist you in finding the best fit for selling your collection:

  1. Amazon Marketplace
  2. eBay Auctions
  3. eBay Buy-It-Now Listings
  4. Niche online marketplaces

Selecting the appropriate platform for your products is the primary consideration when choosing a selling platform. Each platform offers a different selling experience and caters to various types of buyers. By understanding the pros and cons of each platform, you can make an informed decision and increase your chances of success in selling your action figures.

Amazon Marketplace

Amazon Marketplace is an online platform that enables sellers to list and sell goods to customers. Selling action figures on Amazon can potentially yield higher prices compared to other platforms. However, there are certain restrictions and fees associated with selling on Amazon Marketplace, such as monthly fees, referral fees, and per-item fees for individual sellers.

Pricing your action figures on Amazon Marketplace involves:

  • Researching the market value by examining online auction sites like eBay
  • Considering the condition and rarity of your action figures
  • Assessing prices on Amazon for similar items
  • Setting a competitive price based on your findings

Monitor the market and adjust your prices as necessary to stay competitive and maximize your profits.

Keep in mind that while Amazon Marketplace can potentially offer higher returns, it may not be the best choice for all sellers due to its restrictions and fees. Weigh the pros and cons of using Amazon Marketplace to determine if it’s the right platform for your action figure sales.

eBay Auctions and Buy-It-Now Listings

eBay is a popular online marketplace for selling vintage toys and action figures. It offers two options for selling action figures: auctions and “buy it now” listings. Auctions allow buyers to bid on items, while “buy it now” listings enable buyers to purchase items instantly at a predetermined price.

Auctions concluding on Sunday at 9 PM Eastern Standard Time have been known to yield the most advantageous results. However, if you aspire to generate higher profits, the suggested listing option is “buy it now”. To ensure success on eBay, acquire the necessary knowledge to effectively photograph the items for your listings and document any issues with each item in detail.

eBay provides a versatile platform for selling action figures, accommodating both casual and serious collectors. By utilizing eBay’s features, you can:

  • Use the auction option to attract competitive bidding and potentially increase your profit.
  • Set a fixed price for your action figures to appeal to buyers who prefer immediate purchase.
  • Reach a wide range of buyers, increasing your chances of selling your action figures for a good profit.

Niche Online Marketplaces

Niche online marketplaces, such as Fiddlepiddle and WhatNot, specialize in selling vintage and collectible action figures. These more specialized sites often cater to a specific audience of collectors, making them an attractive option for selling your action figures. Additionally, online forums dedicated to action figure enthusiasts can provide valuable insights and connections to potential buyers.

To become a seller on WhatNot, you’ll need to provide social media accounts and references. Additionally, positive feedback from other selling platforms such as eBay and Amazon will be required. By regularly selling on these niche marketplaces, you can build your own clientele and fetch high prices for your valuable action figures. Consider exploring these specialized sites to reach a more targeted audience and potentially increase your profits.

Selling in Bulk vs. Individually

Selling in Bulk vs. Individually

When it comes to selling your action figures, deciding whether to sell them in bulk or individually can significantly impact your profits. Selling in bulk, or as a “lot” on eBay, can be more expedient and less burdensome than selling each figure separately. However, this approach may not maximize your profits compared to selling individually, as you might not be able to fetch top dollar for rare or valuable figures.

On the other hand, selling action figures individually allows you to set higher prices for each figure, catering to collectors who are specifically searching for certain characters or themes. While this method may necessitate more time and effort compared to selling in bulk, it can potentially yield greater returns in the long run.

To determine the best approach for your collection, weigh the pros and cons of selling in bulk versus individually. Consider factors such as the rarity and condition of your figures, as well as the time and effort required to list and sell each item. Ultimately, the decision will depend on your specific collection and selling goals.

Tips for Presenting and Shipping Your Action Figures

Tips for Presenting and Shipping Your Action Figures

Proper presentation and shipping of your action figures are essential for maintaining their value and satisfying buyers. By taking the time to clean, package, and ship your figures securely, you can increase their appeal and protect them from damage during transit.

We’ll share some best practices for presenting and shipping your action figures in this section. By following these tips, you can ensure that your figures arrive at their new homes in the best possible condition, maximizing your profits and building a positive reputation as a seller.

Cleaning and Packaging

Cleaning and Packaging

Thorough cleaning of your action figures is necessary before listing them for sale. Here are some steps to follow:

  1. For loose action figures, clean them using warm soapy water.
  2. For vintage action figures, soak them in warm, soapy water, gently wipe them with a soft sponge or cloth, and scrub them with a soft-bristled toothbrush.
  3. Be sure to avoid using abrasive materials that may damage the figures.
  4. Some collectors also suggest using fabric softener for removing odors.

Keeping your figures in their original packaging, in addition to cleaning them, can increase their value and appeal to collectors. The packaging may be composed of plastic or cardboard boxes, and there is a variety of styles accessible. Some collectors also select custom-printed action figure boxes for a more individualized touch.

By ensuring your action figures are clean and well-packaged, you can attract action figure collectors, and potential buyers, and command higher prices when you sell action figures from your toy collection.

Secure Shipping Methods

Secure Shipping Methods

Shipping your action figures securely is vital for protecting them during transit and maintaining their value. USPS (United States Postal Service), Craters & Freighters, and Easyship are some of the most appropriate shipping companies for transporting fragile items such as action figures.

To package your action figures for shipping, follow these steps:

  1. Cover them with bubble wrap or plastic sheets to protect them from harm.
  2. Secure any loose accessories by taping them to the wrap.
  3. Place the wrapped figure in a box or envelope.
  4. Add enough padding, such as packing paper or bubble cushion, to ensure that it remains stationary during transit.

Additionally, consider insuring your high-value action figures during shipping, as this can provide peace of mind and financial protection in case of damage or loss. By using appropriate packaging materials and shipping services, you can protect your action figures during transit and maintain their value.

Handling Returns and Customer Complaints

Handling Returns and Customer Complaints

Effectively handling returns and customer complaints is a critical aspect of selling action figures online. This not only helps maintain a positive reputation as a seller but can also lead to satisfied customers and repeat business. We’ll share some tips in this section for addressing returns and customer complaints, which will enable you to navigate these challenges with confidence.

The most frequent causes of returns and complaints when selling action figures online include:

  • Damage to the packaging
  • The product not matching the description
  • Wrong item shipped
  • Delivery delay
  • Quality concerns

To manage returns on eBay or Amazon Marketplace, follow the respective platform’s guidelines and ensure items are returned in the same condition they were received. To minimize returns and complaints, take clear pictures, make accurate listings, package items carefully, and address customer complaints in a timely and equitable manner.

Expanding Your Collection for Reselling

Expanding Your Collection for Reselling

As you venture into the world of collecting action figures, buying and selling action figures becomes an important aspect. You’ll likely want to expand your collection for resale. Finding valuable action figures at a good price can be challenging, but with a little research and persistence, you can discover hidden gems in various locations.

Online auctions like eBay are an excellent starting point for finding action figures at a competitive price. Additionally, thrift stores, estate sales, garage sales, and flea markets can be fruitful sources of vintage toys and action figures. When acquiring action figures for resale, be sure to research their market value and consider factors such as rarity and condition to estimate their resale potential.

By diversifying your sourcing methods and staying informed about current market trends, you can increase your chances of finding valuable action figures for resale and growing your action figure collections.

Staying Informed on Action Figure Trends

Staying abreast of current trends and market demands is key to making informed decisions about buying and selling action figures. By staying informed on action figure trends, you can identify popular items and capitalize on emerging opportunities in the market.

Online sources like Grand View Research, Toy Association, and eBay can provide valuable insights into the latest trends in the action figure market. Some recent developments include:

  • An upsurge in demand for jumbo-sized plush and oversized versions of classic games
  • The burgeoning popularity of tiny craft projects and micro-sized, functional collectibles
  • A resurgence of nostalgia and retro trends
  • A commitment to environmental sustainability

By staying informed on action figure trends, you can make smarter decisions about which items to buy and sell, ultimately maximizing your profits.

Summary

In conclusion, maximizing profits from your action figure collection involves researching their value, identifying high-demand figures, choosing the right selling platform, and staying informed on current market trends. By following the tips and strategies outlined in this blog post, you can transform your action figure collection into a lucrative business venture and capitalize on the booming toy industry. So, dust off those vintage toys, sharpen your selling skills, and embark on an exciting journey into the world of action figure resale!

Frequently Asked Questions

What factors determine the value of my action figure collection?

The condition and rarity of the action figures are the primary determinants when assessing their value.

How can I research the value of my action figures?

Research the value of your action figures by investigating current market prices online, referring to price guides, and obtaining professional appraisals.

What are the advantages of selling action figures on eBay?

Selling action figures on eBay provides the opportunity to accommodate both casual and serious collectors, as well as offering auction and fixed-price options.

How should I package my action figures for shipping?

Package your action figures in bubble wrap or plastic sheets, and secure them with enough padding inside a box or envelope to keep them in place during shipping.

How can I stay informed about action figure trends?

Stay up to date on the latest action figure trends by researching online sources such as Grand View Research, Toy Association, and eBay.