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Diecast Collectibles: The Collectors? Guide to Making a Profit
Millions of people have made a hobby of collecting items of one 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 can be 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 to say 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 of sales 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 Don't overlook what you may now see as relics or outdated pieces.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 pieces for 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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What Is A Reverse Painting?
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From Clutter To Treasure: Re-use and Not Reject!
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An Interesting Look at the Cuban Cigar
Even most non-cigar smokers have heard some of the lore surrounding the Cuban cigar. Long revered as the finest and best tasting brands in the world, they have traditionally been extremely difficult to procure. Consequently there exists a very profitable market for importing and distributing Cuban cigars to cigar-lovers worldwide. There are many brands of Cuban cigars available, but some of the most well known include Coronas Especiales (rumored to be one of Fidel Castro's favorites) and Montecristos.
Rubber Stamping: From Maya Indians to Scrapbooking
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A Look at Cabinet Humidors
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Save on Kids Craft Supplies - Recycle!
Here is some information about how to collect and use recycled objects in your crafts!
Genealogy in Switzerland - A Longenecker Family Search
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Jewelry and the Art of Selling
Two of the most frequently asked questions we get at the Online Jewelry Appraisal Center is:
Why Do I (You) Collect?
I just got back from the vet with my cat "Spud". He gave us quite a scare, we went away for a couple of day's vacation and on our return we found him very listless. He just laid there in one spot and wouldn't eat or drink any water.
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A Look at Cloisonné Lapel Pins
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Why Chainmaille Jewelry Craft
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Saving Family Keepsakes for Scrapbooking
I'm new to scrapbooking, and I still can't believe all the possibilities there are for scrapbook layouts.
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How to Use Textured Paper and Book Jacket Backgrounds to Give Your Scrapbook Dimension
Textured paper can add extra dimension to your scrapbooking page. Textured paper can be used to highlight focus items on your scrapbook page. Textured paper can also be used as a backgrounds or border to give your page an interesting fresh look.
Ribbons and Lace, Embroidery Cotton, and Hemp to Spice Up Your Scrapbooks
Ribbon and lace are by far the most common, and most beautiful, border embellishment. The flowing nature of both materials encourages a touch of softness and elegance. Ribbon and lace are especially popular in gift and memory scrapbooks.
Genealogy - Why You Should Get Involved in Your Family History
A few years ago I read a statistic that said that genealogy was the second largest hobby in the United States ? second only to gardening. It was no surprise to me as I have been finding and documenting my family tree for almost 30 years. Over that time a lot of people have asked me, "Why genealogy? What do you get out of it?" There are a lot of reasons to find out about your family and I'll cover just a few hoping that one of them will get you started. Curiosity: A lot of people are just plain curious about where they came from, what their ancestors did, how they got here ? to this time and this place. Lots of people find themselves in this category when they are told that they are adopted. While they have adoptive parents, traditions, and history, they also have another history that calls out to them. Other people have lost touch and are curious about where people are, how they turned out, who they married. It's a Great Puzzle: This applies to me in several areas of my life besides genealogy. I have worked with numbers a lot ? particularly with market research. I just love understanding what motivates people to buy certain products, where they shop, how much they want to pay, and where they want to hear about those products. When my wife and I go camping I spend hours working crypto quotes in the sun ? fun and challenging puzzles that help me relax. When it comes to puzzles, I don't think anything can match the complexity and fun of genealogy. Just think about a jigsaw puzzle that has an almost infinite number of pieces ? some of them that don't fit and some of them missing. Nothing can match the satisfaction I get from finding one of those lost pieces of the puzzle and putting it into place. These are puzzle pieces that lead to long-lost cousins and far-off places. Hobby: I did a lot of market research before organizing FamilyTrackers, Inc. The company was started out of my belief that Internet searches could be much more accurate than those usually conducted on the Internet. Interestingly, there is a group of genealogists who resist a more accurate way to find information. They are not interested in any tools that make the job faster. "That is the reason I do my family tree ? to fill up my time. Looking into page after page of results is the part I like about genealogy. It's my hobby," they said. Fortunately for me and for FamilyTrackers those who like the things I find most tedious are not a large portion of the market. Leave a Legacy: Some people approach middle age or have a traumatic event at any age that prompts them to think about their mortality. "If I never meet my grandchildren, what will they know about me? What will they know about my parents? How will we be remembered?" Those of us who are fortunate enough to have ancestors in this category are indeed lucky. My grandmother wrote a short story about her trip as a young girl in a covered wagon from Illinois to Kansas. Thinking about it now, it must have been a dusty, hot, and miserable trip. The events that she wrote about were ordinary, daily occurrences that were taken for granted in her time ? something that she wrote about because the trip was out of the ordinary. Read the same story today and discover something that is unique to our experience ? herding cattle, rustlers, camping out every night. If you do nothing else with your family history, you should write down or record your life experiences in your own words in any way that you see fit. Emotional Satisfaction: This is a huge reason for being involved in genealogy and one that I hear repeated by other people as they talk excitedly about their latest discovery. There are moments that happen during a search that are touching and immensely satisfying. This is the moment that you look at your great grandfather's signature on your grandparent's marriage license; put your hand on the baptismal font where your oldest known ancestor was baptized; stand on the ground where your great grandfather from the old country is buried ? knowing that your grandmother stood on this spot in front of an open grave grieving her loss. These moments are thrilling, goose-bump producing moments of a life time when you can almost reach across time and touch a person who you finally understand and know. This is a moment you must not miss! Give Something Back: Lots of people get involved when they volunteer at their local genealogical or historical society. What a wonderful place to meet nice people who are willing to help you discover your roots. These groups are responsible for saving crumbling records all over the world and for making the information available to everybody. People who work in these places are almost always unpaid and give their time and effort on behalf of people like you and me every single day ? people they have never even met. This is important work and you can get the satisfaction of helping other people by volunteering yourself. It is easy. Pick up the phone and call. Whatever your reasons, give genealogy a try. It is a stimulating hobby that will put you in touch with yourself and with a lot of nice people who are ready and willing to help.
How to Make Your Own Soap Favors for Weddings and Baby Showers
Want to make soap as a gift for your party guests? Here are some simple tips for making soap gifts and favors:
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