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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 Don't overlook what you may now see as relics or outdated pieces.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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Old crafts enjoying new life, all instore The West Australian Elsie Gray's is proving that quilting, sewing and crocheting are not hobbies reserved for the over- 60s. Prince George and Princess Charlotte have started making some old-school crafts with mum Kate goodtoknow Prince George and Princess Charlotte have been learning some fun new crafts with mum Kate and it seems they're as messy as all children! Green Valley Arts & Crafts Assn | Arts & Cultural Charitable & Non-profit Organizations | GREEN VALLEY, AZ | tucson.com Arizona Daily Star Arts and Crafts GVR Artisans' Shop Primary Contact: Diane West (520) 625-4488Phone: (520) 625-3141Purpose: To sell handmade creations designed by GVR ... 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From hiking + rock climbing to ... Pop-Up: Stamped Pendant Jewelry at Don't Ask Why Madison.com Join us for an exclusive after-hours pop-up event at Don't Ask Why, one of State Street's trendiest boutiques. The event will run from 6-8pm on Sunday, ... North Delta happening: week of Feb. 21 BCLocalNews ... • Open Mic Night: Feb. 22, 7 p.m. to 10 p.m.; Kennedy Seniors Recreation Centre, 11760 88th Ave.; Singers, musicians, actors, poets and dancers are ... Alicia Ashman Darn Yarn Group | Crafts and hobbies Madison.com Alicia Ashman Library hosts the Darn Yarn Club for crocheters, knitters, and other fiber-crafters. This group meets twice a month, on first and third Wednesdays ... 20 New Hobbies to Fall In Love With This Winter CafeMom Learn something new and banish cabin fever with these unique indoor hobbies for adults. Why are 'feminine' crafts like basket weaving disparaged by politicians? The Conversation AU Basket weaving and knitting are used pejoratively to make a point but not 'manly' pursuits such as metalcrafts or woodwork. 'Making It' review: Amy Poehler craft show is a charming reminder that we are in the grips of a cutesiness epidemic Chicago Tribune "Making It," a crafting competition show on NBC, is so genuinely good-hearted and adorably inventive that it's darn near impossible to criticize. Hobby Lobby secrets | Everyday Cheapskate The Star Democrat I was late to the party but somehow managed to catch up quickly. Up until about three years ago, I'd never stepped foot into one of the national chain's 800-plus. North Brunswick welcomes Hobby Lobby, Nothing Bundt Cakes to Route 1 MyCentralJersey.com Hobby Lobby and Nothing Bundt Cakes recently opened in the township. Hobby Lobby closes Depew store Buffalo News The Hobby Lobby store at 2090 George Urban Blvd in Depew has closed. Hobby Lobby has remaining stores at 6743 Transit Road in Lancaster, 3701 McKinley ... 10 Hobbies You Can Turn Into a Side Hustle The Motley Fool If you love what you do, you'll never work a day in your life. It's an old truism repeated often for a reason. The average person spends around 90,000 hours at ... 9 Hobbies for Men to Try in 2019 The Manual We've put together a list of potential manly hobbies for your consideration in the coming new year. Some are sports-oriented, others artistic, while still others ... Hobby Lobby holding Grand Opening for Machesney Park store MyStateline.com Hobby Lobby will be hosting a Grand Opening for their new store on Rt. 173 in Machesney Park. Lost faith in the web? Restore it with a hobby Channel NewsAsia In an online hobbyist community, you can glimpse a healthier relationship with your digital devices. 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Twitch ditches IRL label, introducing categories for ASMR, vlogging, fitness Polygon “IRL” will no longer be a generic category on Twitch. The company is introducing more than 10 specific categories for streamers who want to broadcast ... Gears & Beers — Bi-Weekly Car Meet Up Madison.com Come out and enjoy the day at World of Beer with Gears & Beers. This is a new event this year that is bi-weekly and always at the same location. There is a car ... 10 Old-School Hobbies That Are Cool Again Verily Trading screen time for these old-school pastimes never looked so good . . . until now. Will I ever get this pattern written? MyCentralJersey.com For years, I've been making an Aran hat for our winter charity knitting. The one I'm making now is a little different but the same idea as two I'm showing below ... Craft store Spotlight opens second outlet at Westgate The Straits Times Teacher Cecelia Anthony has spent the last 20 years travelling to town from her Jurong home every time she needed to shop at craft store Spotlight.. Read more ... No Joke: 11 Hobbies That Make Money Motley Fool Who knew these 11 fun hobbies could actually turn into a cash cow for consumers? Kate Middleton reveals the crafty hobby Princess Charlotte enjoys HELLO! Magazine Kate Middleton revealed that her daughter Princess Charlotte, three, enjoys arts and crafts during her visit to The Passage in London on Tuesday. Aldi's new craft range starts from a budget-friendly 79p HouseBeautiful.com Whether a seasoned knitter or crocheting novice, budget supermarket's Aldi's new Hobby and Craft Specialbuys range will help you to stock up on all the ... Hobbies & Crafts 2015: Spinning a Good Yarn Publishers Weekly Publishers speak to readers' diverse interests with new titles on everything from knitting and embroidery to hand-lettering and woodworking. The craft hustle: It can be grueling, but these Iowans are doing what they love — and making money, too Des Moines Register For crafters, this time of year is their Super Bowl — and no detail is too small when you're trying to stand out among hundreds of other vendors. |
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