Comic books can be a great, safe, fun source of entertainment. But from buying-and-selling them, they can also be the foundation of a very profitable business venture. That’s because anything that is put into limited production, has historical and emotional value and are collected by others has an intrinsic value.
So how can you make money buying and selling comic books? It really comes down to buying low and selling high. More specifically, being able to identify comic books that are a good investment at a good price, and then hanging on to them until it’s the right time to sell that will yield you the best price.
Easier said than done. However, here are our tips to help you make money buying and selling comic books:
Know What A Good Buying Price Is
As we said before, it all comes down to buying low and selling high. Now a lot of things factor into the price of a comic book — comic book age, comic good grade, how rare it is, if it has any historical significance, etc. By knowing what a comic book is worth, you can make sure you always pay a fair price for the comic book and never overpay. This will keep you on track for turning a profit for every comic book you buy.
Know Where To Look For Good Deals
Know what a comic book is worth is the first part of the battle. The next part is knowing where to look for good deals. Finding the right place to source comic books depends on what you’re looking for. Do you want rare comic books? Do you want comic books of a specific age? Do you want a specific series? Once you figure that out, you can keep an eye out for what you’re looking for, or even set Google Alerts for eBay and Craigslist listings that fall within your targets.
Retain The Value Of Your Comics
Once you make a purchase, you’re probably expecting the value to go up. That’s only possible if the comic book retains its quality. It would be a shame to make a great purchase that’s certain to flip a profit, only to lose the comic book due to poor storage. Don’t let that happen to you– store your comic books properly!
Have A Plan To Sell
The difference between buying comic books to sell for a profit and buying comic books to enjoy as a collectible is the part when you have to sell. Buying comic books for profit means you need to remove the emotion when it comes time to sell. This is easier and clearer to follow if you have a specific plan. Are you interested in selling at a certain event in the future? Are you waiting for comparable comics to sell for a specific price first? Whatever your goal is, craft a plan around that goal and stick to it.
Important things to consider in regards to selling is how fast you need them to sell. Do you have all your capital tied up in comic books? Then you probably need to sell your comic books for cash before buying the next one. Are you simply looking to sell for as much as possible? Then you probably need to pick and choose your sales. Either way, stick to the plan!
Buying and selling comic books for profit is just like buying and selling anything else for profit. Buy strategically and at a good price, secure your assets, and sell when it makes sense.
Whether you’re selling your comic books as a collector or an investor, Sparkle City Comics is always interested in taking a look at what you have for sale! So if you’re interesting in selling your comic books, fill out our seller inquiry form or call us at 800-743-9205.