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Diecast Collectibles: The Collectors' Guide to Making a Profit
Millions of people have made a hobby of collecting items ofone sort or another, but some take it to a higher level. These collectors view their collections as more than just an accumulation of trinkets that they happen to enjoy; to them, it's a business, and they're not in it to lose money.For those who collect diecast models, making a profit canbe a challenge, unless you know the ropes of how to effectively collect pieces and then apply the necessary strategies to resell at an increased price.
It's a good practice to collect only those items that you truly like, and then do quite a bit of shopping around in order to find the best buy. Market trends are never very stable, and by collecting those pieces that particularly appeal to you, others may view them in the same way. This will enable you to resell them more easily. Certainly, it's never good business practice to buy the first piece that you find. Competition is stiff, and there are some great deals out there that you can use to your advantage.
Avoid specializing in one specific area of diecast collectibles. If, for instance, you're interested in collecting NASCAR models, it's best not to isolate your purchases to those of one particular driver. That's not tosay that you shouldn't include them among your other pieces, but there's a need for diversity if you're hoping to eventually realize a profit. Although a piece may not seem to have much value in today's market, that doesn't mean that it won't increase as time goes by.
Older diecast models make a nice addition to anyone's collection, and can eventually precipitate a good amount ofsales revenue. Don't overlook what you may now see as relics or outdated pieces. There's always someone out there who's looking for an older piece - whether for nostalgic reasons, to complete a collection or for the purposes of an eventual sale - so don't limit yourself by excluding the golden oldies.
Some of the best deals can be found in flea markets, on eBay and other auction sites. Not only can you find piecesfor your own collection, but these will be eventual avenues for you to resell them at a later date. The highlight of the auction arena is that you can set a starting price and watch the bids increase your income potential - sometimes to a figure much higher than you would have imagined. Setting a reserve price helps, too, so that you won't lose a piece when someone comes in way under the piece's value.
Picking up models at local department stores, such as Wal-Mart, or through TV shopping forums such as QVC is usually a mistake. While these may have reasonable quality, they're usually not as well constructed as what you can find elsewhere, and tend to flood the market with certain pieces which they sell in high volume in an effort to gain a higher sales standing. Stick to the mainstream collection sites and you'll do much better.
Remember that you may not break the bank when you resell a piece, but with a good sense of timing and strong negotiation skills, you'll be able to realize some type of profit and, with a bit of experience, will increase your overall profit potential.
(c) 2005 Dale Stewart - All Rights Reserved
Dale Stewart is a freelance author and diecast enthusiast.
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Essentials of Genealogy - Getting Started with Your FamilyTree
Since genealogy is my hobby, my profession, and my passion, many people ask me how to get started. What are the essentials to doing a family search? Here are some tips that should help you discover your family under the best possible conditions.
Need A Scrapbook Journaling Idea?
Try using song lyrics in your next layout.Song lyrics can be a great source of title and page inspiration for a scraper.
Tracing Your Family History
Let me say straight away that tracing your family ancestry is a great hobby but very addictive, so unless you want to get well and truly hooked, don't start.When I travel around the country to Family History Fairs, I am amazed at the number of people who say quite cheerfully, "family history is so easy, I did mine in half an hour on the internet.
How to Use Feathers and Dried Flowers to Give Your Scrapbooks an Artistic Feel
Feathers make exotic and interesting embellishments and borders. Feathers add an air of softness.
Basic foldsMost of the designs that you will learn will use a square piece of paper - and most will be done with origami paper, so the directions will show a colored (or gray side to indicate color) and a white side.Also, most patterns will have an arrow that points you in the direction of where the fold should go.
Civil War Uniforms: 5 Tips on Making Your Trousers Last Forever!
Are your pants wearing out too fast?Does it look like you are expecting a flood because your pants are too short?Make your Civil War Uniform trousers last forever by following these 5 tips!1. Cut your trousers long, so when you first start wearing them you will have to roll them up a few times.
Depression Glass Trivia
Depression glass facts make for interesting conversation,especially when you're at a convention or talking amongstother Depression glass aficionados. So here are a few itemsto get you started so you, too, can have some meaningfulknowledge to put on the plate when you and your Depressionglass collector friends gather 'round and chat.
Production and Pricing of Craft Show Items
This is where you can really make or break your craft showcareer. Being able to produce quality crafts as efficiently andaffordably as possible is the key to making a tidy profit fromcraft shows.
Fun with Origami!
Storing origamiThis is a great question. Many people want to hold on to their special crafts for years to come.
The Most Powerful Attribute in Antiques and Collectibles
What can increase your sales volume and make you more productive day in and day out? You've probably heard this three word statement that seperates those who wish they could do better,from those who really do.Knowledge is power!This three word statement is more than just a great philosophy.
What Do I Need to Start Scrapbooking?
The best thing about scrapbooking is that although there are a plethora of scrapbooking supplies available on the market, you really don't need a lot to make your very first scrapbook. Basically, all you need to scrapbook is an album, some glue, a pair of scissors, and some photographs or newspaper clippings.
Starting outOrigami is an art of paper folding, therefore all you should need is a piece of paper and you can start folding away without any problems, right? Well, almost. You might need a few other things that we will talk about in this chapter.
Mixed Media Collage - Make The Pieces of Your Life Sing!
According to the dictionary, collage art is an artistic composition made of various materials (as paper, cloth or wood) glued on a surface. The word comes from the French word "coller," meaning to glue or to paste.
World Skills & Learning About Old World Skills
There was once a time when almost everyone acquired, or knew how to do a practical skill of some kind, they were special skills, which most people used throughout life. They just became second nature.
50 Ways to Use Your Ribbon for Scrapbooking, Home Decor, Crafting and Fashion
Scrapbooking:Tie onto a tag, photo mat, border, or photo as an accent.Use with a hole punch to make a booklet.
Photograph Mosaics and Markers in Your Scrapbooks
An attractive technique for placing photographs into scrapbooks is the photograph mosaic. Mosaics stretch photographs into an artistic rendition of the original photograph.
How to Create a Reverse Painting on Glass
Introduction:Glass is a non-absorbant painting support which does not allow paint to easily adhere to it - apart from through the paint's own drying process.For this reason the outlines of a subject painted on glass need to be simplified when applied to an extremely smooth glass surface.
How to Make Your Own Refrigerator Magnets
There are several types of refrigerator magnets that you can make with a little effort and the right materials. Below are some ideas for making magnets for gifts or just for fun.
My 12-year-old daughter was mad at me when I refused to pay $25 for a school yearbook last year. Who are they trying to kid?In an attempt to appease my daughter, I suggested buying a little notebook that her friends could write messages in for her.
Rubber Stamps and Scrapbooking - Keep Kids Busy with Crafts This Summer
They're out of school and back to torment the neighborhood this summer. You remember the days.
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