CBCS vs CGC, a straight flipping-for-profit only comparison15074
Pages:
1
 You can't get good wood on the ball every time.
|
HotKeyComics private msg quote post Address this user | |
| I think I've said that I like working with numbers and I ran some numbers for my LLC and thought I would share them. This is based on a 10 comics-per-submission base (its easy enough to modify that number for your business model), with the numbers ran over the course of 1 year comparing potential profits and methods. If I made an error with my math anywhere, just let me know! I've averaged everything out using CGC's base $22 modern cost with modifiers, and a base profit of $200 per slab with modifiers that accounts for regular shipping. I didn't account for any hit/miss ratio on flipping, those will even out both ways so counting them all as hits should work for a business model comparison, imo. All days are rounded up. Let's start with CGC. Currently the best route for people flipping books is to use the fast pass, but I ran the numbers for both. Regular Modern: $22 = 132 actual days, + 4 days shipping per batch (2 day each way) = 136 days, = 2.68 cycles per year (365/136). At a base profit of $200 per book, or $2,000 per batch, that's $5,360 per year profit. Fast Pass Modern: $37 = 111 actual days + 4 days shipping per batch = 115 days, = 3.17 cycles per year, that's $6,340 per year. Now CBCS: The big advantage here is the 2 day modern and this business model utilizes that. I've also accounted for the current market difference and rounded up to be fair to a 30% difference, reducing the base profit per slab to $140. I've also removed $14 from each slab for the difference on the cost between the base $22 and the $36 2 day modern, making a profit of $126 per slab. I've also subtracted the $150 silver cost from the years total profits. 2 Day Modern: $36 = 7 actual days, + 4 days shipping per batch = 11 days, = 33.1 cycles per year. At a base profit of $126 per slab that's $41,556 per year. I've also added an additional modifier of $50 per batch to run the numbers for overnighting everything with the 2 day modern, adding a $25 average each way. This reduces the profit to $121 per slab but also reduces the cycles to 9 days instead of 11, giving 40.5 cycles and a profit of $48,885 per year. As you can see, you could even drop the price difference to 40% or 50% and its still an easy choice strictly from a pure business model perspective. edit: fixed math |
||
| Post 1 • IP flag post | ||
 Collector
|
Ryan4421 private msg quote post Address this user | |
| I didn't see pressing times accounted for with either company. The other guys also offer a quick press vs. Full press. Also no mention around CBCS fast pass as a fqctor with grading or pressing. Do you have any experience with these to factor it into the numbers? | ||
| Post 2 • IP flag post | ||
 Collector
|
xvipah private msg quote post Address this user | |
If you're doing 2 day modern, which is the model he went with for CBCS, there is no FastPass needed, it takes 2 days  Quote: Originally Posted by Ryan4421 |
||
| Post 3 • IP flag post | ||
 past performance is no guarantee of future actions.
|
KatKomics private msg quote post Address this user | |
| wow....are the CBCS TATs actually attainable for the 2 day modern?? I've never used that service. If the TATs are real then hands down for a flipper or to get that "hot" book graded and in the market place months in advance of the other guys this is indeed a no brainer. Even if you buy into CBCS goes for a few % less...the fact that you could have more books on the market faster would easily negate that. i.e. the other guys may get a few % more but how much % and $ did they pass up by getting to the party late - I'll bet some people are just getting their 'hot' Wanda Vision books back now from CGC - too late!!! they are back to dollar bin fodder!!! |
||
| Post 4 • IP flag post | ||
|
You can't get good wood on the ball every time.
|
HotKeyComics private msg quote post Address this user | |
Quote:Originally Posted by KatKomics I have 2 there right now, delivered 6/28, charged and processing and grading 6/29. Looks legit so far. |
||
| Post 5 • IP flag post | ||
 Not trying to be an ass since February 12, 2020.
|
HulkSmash private msg quote post Address this user | |
| @HotKeyComics does this formula come with a crystal ball to know what books the market is buying after those 9-11 days? | ||
| Post 6 • IP flag post | ||
|
Collector
|
xvipah private msg quote post Address this user | |
| It's prolly a better gamble than trying to figure out what the market is buying after the 4 months from CGC Quote: Originally Posted by HulkSmash |
||
| Post 7 • IP flag post | ||
|
Not trying to be an ass since February 12, 2020.
|
HulkSmash private msg quote post Address this user | |
Quote:Originally Posted by xvipah True. If I could legit and consistently profit 48k + yearly based on this; I would quit my 13 year career and Uber while I’m dropping off shipments. My dream job is getting paid to do nothing. |
||
| Post 8 • IP flag post | ||
|
Collector
|
xvipah private msg quote post Address this user | |
| Once you figure it all out let me know and we'll go in to the uber/comic business together. Quote: Originally Posted by HulkSmash |
||
| Post 9 • IP flag post | ||
|
You can't get good wood on the ball every time.
|
HotKeyComics private msg quote post Address this user | |
Quote:Originally Posted by HulkSmash I hope to have this model running by the start of the new year to test out so I'll let you know how it goes  |
||
| Post 10 • IP flag post | ||
|
Not trying to be an ass since February 12, 2020.
|
HulkSmash private msg quote post Address this user | |
Quote:Originally Posted by HotKeyComicsthe submission model or the Uber model? |
||
| Post 11 • IP flag post | ||
 Ima gonna steal this and look for some occasion to use it!
|
IronMan private msg quote post Address this user | |
Quote:Originally Posted by KatKomics Two day Modern is taking a week. CGC fast track modern costs 55 cents less than CBCS Two Day modern and is at 15 weeks. It's the real deal for hot moderns or anything you want back before thanksgiving. |
||
| Post 12 • IP flag post | ||
|
Ima gonna steal this and look for some occasion to use it!
|
IronMan private msg quote post Address this user | |
Quote:Originally Posted by Ryan4421 Quick press is often a waste of money. Once and done. No second press, no hand pressing of stubborn defects. For every person happy with it, someone else complains the books do not even look to have been pressed. CBCS pressing is 3-5 weeks on Modern 2 day. |
||
| Post 13 • IP flag post | ||
Pages:
1This topic is archived. Start new topic?