Determine Profit Margin When Deciding to Slab & Sell15674
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 I AM... THE Bat-Manuel
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MurrayC private msg quote post Address this user | |
| Hi folks I am curious to know what would be the minimum profit margin you'd want to make on a book to help determine if it's worth slabbing or not? For example, I have New Avengers #7 that is going for $240 US (roughly $300 Canadian). It would cost me roughly $40 to have the book slabbed and shipped each way, and assuming I got a 9.8 and sold it for $300, I would profit $260 Canadian which is not bad at all. But I am curious to know what would your minimum profit margin MUST be to make it worth your while? If you knew your profit was going to be $25, would you even bother? Or, would the potential profit have to be in the ballpark of around $100 to bother having the book slabbed? thanks! |
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 The apple sauce and pudding were the best part...
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Bronte private msg quote post Address this user | |
| I generally aim for books that have a 100$ profit or if I believe the book has speculation possibilities. | ||
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 Where's his Bat-package?
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Byrdibyrd private msg quote post Address this user | |
| That's something everyone will have their own opinion on, and they'll all be correct. For me, a book in a slab retains its grade much better than a raw book, and where I live there's enough humidity for foxing to be an issue. Because of that, I tend to slab anything that might net me even a US$25 ~ $50 profit (that's overall - taking into consideration cost of grading, purchase price for the book, etc.), especially if it's something I'm going to sit on for a while rather than sell off right away. Admittedly, my threshold is pretty low and a lot of other folks want to expect a triple-digit profit before they go to the trouble of slabbing. | ||
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 If the viagra is working you should be well over a 9.8.
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xkonk private msg quote post Address this user | |
| I don't really think about profit margin, just the book's value. I slab at around $100 if I want to slab the book at all. If a book is worth less than $100, the cost of slabbing becomes a big portion of the value in general, and there also isn't much to gain or lose in a disagreement over the book's condition. Over $100, the 'actual' grade becomes more important, as does the added security of the slab. | ||
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 Collector
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Rongro private msg quote post Address this user | |
| @MurrayC Dont forget to minus the cost of the book also, Unless I missed it. Plus ebay fees/paypal fees if you use those routes to sell. But adding those into your numbers, you would still have $230+ profit potentially using ebay. That book is an easy sell and is still fairly hot. | ||
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I AM... THE Bat-Manuel
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MurrayC private msg quote post Address this user | |
Quote:Originally Posted by Rongro Oh yes, I took the initial cost of the comic into consideration (i.e. cover price), and I am staying away from FeeBay and other auction sites, but that COULD still also be a factor. One could say if you are selling a book privately with no fees/taxes, then a $50 profit would be ok. But, if you know you are selling via an auction website, then maybe the profit margin has to be at LEAST $100 |
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Collector
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Rongro private msg quote post Address this user | |
| @MurrayC For sure, that would sound about right to me. | ||
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 Collector
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Sebastsk8 private msg quote post Address this user | |
| It depends on the book, if it's something that's an easy sale for worst case $50 profit, I'd do that. If it's something I'm look at more long term I'd go at least 100. |
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