Why I Stopped Parting Out LEGO Sets
My last post to this site was way to long ago, but I feel this site still brings benefit to a few people, especially those who are in the parting out business.
What happened to my store?
My store, UniBricks, is still open and has a couple thousand items. However, this is a big difference than it was in December 2015. I had over 200,000 items in my inventory either listed or ready to be listed. So why did I liquidate? This is what this post is about.
Why did I liquidate and stop parting out?
I liquidated most of my parting out inventory due to a few key factors. Not just Bricklink, but all the part selling marketplaces have become flooded with sellers, most of which are handling less than 50k parts. This drives part out values down extremely fast and part supplies into decades before they will reach a higher value. Secondly I found that sourcing 100+ copies of a set is extremely difficult when you only try to buy sets on sale or clearance.
Personal Reasons too..
I couldn’t physically fit more than 250k parts in my store space and 200k was pushing it. So I couldn’t see expanding to a “nice” income stream. Also hiring employees wasn’t ideal for my situation. Lastly the time that I spent running the store, pulling orders, sorting, etc was not worth the reward I was getting in “income”.
What I do now
As you can see in my store’s inventory, I mainly am selling sealed sets, minifigs, and rare parts. All of which are difficult to source for more inventory, but it brings in the occasional order every once in a while. While it doesn’t bring enough money in to pay bills, it brings in enough to fund my hobby completely. I hope this post showed you a new perspective on selling as it is not only hard work, but difficult to compete. I will never discourage entrepreneurship of any type, unless it is illegal of course, but always consider these points below:
- Are the businesses, companies, and vendors I rely on, such as BrickLink for selling or Walmart for sourcing, consistent and reliable enough to sustain my business? Maybe starting your own online store would reach more customers.
- What are my goals? Fund a hobby? Part time or full time income?
- Is this scalable with my current plans?
- Do I get paid what I am worth?
- Do you really like what you do?
I have considered these in all my businesses and that’s why I have moved to different entrepreneurial ventures. Specifically ones which complete those questions in a positive manner. Feel free to ask any questions in the comments or contact tab
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