If you’re a card breaking enthusiast and you’re interested in learning how to make money by flipping sports cards on COMC, then you’ll find this article very helpful.
As an avid sports card collector, we know that the value of a sports card will eventually change depending on various reasons such as the player’s popularity and the rarity of the cards. That being said, one of the reasons why most people are collecting sports cards is to earn money by flipping.
Flipping sports cards on COMC simply means buying sports cards for the purpose of reselling them at a higher price. Your flip is considered successful if you manage to sell what you previously bought at a higher price within a short period of time.
Flipping involves a lot of speculation, much like forex trading wherein you need to speculate if the value of the currency you are buying will increase the day after or at the very least will increase at your predetermined selling date.
However, know that a lot of people have gotten rich because they have played with speculations. These people turned speculations into profit-earning information and devised strategies that allowed them to take advantage.
To earn profits by flipping sports on COMC, you’ll also have to deal with these speculations and fortunately, you’re on the right page. We’ll share with you some simple tips and information that will make flipping sports cards on COMC a lot more profitable for you.
Beginner Tips on Flipping Sports Cards on COMC
1. Gather information
The most powerful resource in flipping sports cards on COMC is information. You can’t speculate without enough information about a certain card.
To determine the card that you should be flipping, you need to gather information such as trends, popularity, rarity, etc. Such information will help you narrow down your choices and determine the specific cards that are worth flipping.
2. Put in effort
There’s no easy way to earn money and this has been the reality since time immemorial.
People need to work hard to achieve success.
The same principle applies to flipping sports cards on COMC. If you want to earn profits, you’ll have to exert effort and spend some time before you can truly succeed. Keep tabs on card breaking or card unboxing events and make time to participate in them. Staying in the know doesn’t hurt.
3. Set budget and expected returns
One of the greatest mistakes that newbies make is that they just buy a random speculated card and expect to sell them at a very high price in the future. While such situations are possible, it’s not worth putting your investment in such an idea
The better approach is to set a budget and a target profit. This way you will not be indecisive once prices increase and will be able to take advantage of the trends.
Once you decide on a card that you will flip, decide on a target selling price. Once the card sells at your desired price, act on it, and earn profits immediately. Remember that time is gold and holding on to your card will not just cost you more time but also potential profits.
Once you get the basic principles in trading, it’s time for you to know how the pros earn money by flipping sports cards on COMC.
Pro Tips on Flipping Sports Cards on COMC
1. Focus on the rookies and prospects
In order to manage risks associated with flipping sports cards on COMC, focus on the startups—the rookies. The sports cards of these rookies and newbies in the league are definitely cheaper compared to regular players.
Research on the rookies and have a shortlist of the players that you see making it out big in their debut season. If your predictions are right, then their cards will surely sell at a higher price.
In addition to rookies, you can also look at improving players and vintage cards. Their values drastically increase as their performance improves and as for vintage cards, there will always be a market for them in COMC. However, you might want to exercise patience when dealing with vintages as some collectors are very picky and specific with their purchases.
2. Consider storage fees
When establishing your target selling price, always consider the fees involved in flipping sports cards on COMC. Take note that the site charges $0.01 as a storage fee if the selling price of the card is $0.75. Thus, make sure to consider such fees when establishing your prices.
3. Be careful of fake and counterfeit cards
Always remember that when there is money involved, scammers and criminals will always look to take advantage. Always check all your boxes before proceeding with a deal.
According to a recent evaluation, counterfeits and fakes are commonly found among vintage and old cards. So, be extra careful when dealing with such cards. Always study and inspect the cards properly before proceeding.
4. Experience is always the best teacher
In the end, the experience is always the best teacher. As you get more experienced in flipping, you’ll be able to learn and move forward, and eventually, you’ll develop your own flipping strategies and tricks.
As long as you have the basics drilled into your system and you really are passionate about sports cards, you’ll certainly have a bright future flipping sports cards on COMC.