Sell Your Vintage 80s Toys to Make Money!
or...How McDonalds Toys Paid for my Laptop
If you're reading this hub, you most likely love vintage collectibles...especially toys. But the problem with falling in love with toys from your childhood, which in my case was toys from the 80s, is that you can only collect so many toys. Soon your collectibles will start spilling out of closets and bookshelves and then family members start to complain. So what do you do then? Well you could ignore the complaints until your home starts to resemble an episode of "Hoarders" or you can start selling! Selling vintage 80s toys can be an awesome hobby, and the money you make can actually fund your toy collecting hobby, allowing you to buy even more cool and rare things for your stash. It's fun, challenging and a great way to make a little cash on the side. Some people have even made a lucrative career out of selling awesome toy collectibles. To learn how to start your 80s toy collection check out this hub!
How to Get Started Selling Your Old Toys
When selling your childhood toys, the first place to start is research. The more you know about your toy collectibles the better your chance is of having a successful sale. For instance, if you're trying to sell vintage Fisher Price Little People, knowing what year were they made in, which set did they appeared in, what name will people be looking for them under and will they sell more in a group or separately will help immensely.
As you research you will want to keep your eyes open, committing to memory toys from that brand that are more rare and hard to find. If you are able to buy cheap yet valuable toys, that's going to make selling them all that more profitable. For instance, if you researched the Fisher Price Little People castle set, you'll be able to spot the different tiny pieces and people that came with it, instead of accidentally passing them by, assuming they are worthless generic toys. Doing Research like this takes time and patience, so you can't expect to learn everything about 80s toys or vintage barbies in a week. But it can also be one of the best parts of selling your old toys! And you'll know the time was well spent when you end up selling your extra Fisher Price Little People Sesame Street set for $250!
Another aspect that is vital to research is the accessories that many times came with the toys. Those are the things that get lost first, and are most easily overlooked. For instance, finding vintage Teenage Mutant Ninja Turtles isn't too hard, but finding the tiny throwing stars and weapons that they came with is a more difficult task. That's why selling these can often be just as lucrative or even more so than the actual toy. So research hard and you'll know what to buy and what will sell for a good profit.
Where to Sell?
Once you've figured out what you want to sell you will need to find a venue to sell it on. I recommend selling them online, and if you're up to a bit of extra work, try offering to ship them internationally. Why? The more people who can see what you're selling and are able to buy it the better chance you have of getting a great price.
The site where I have sold the most collectible toys is eBay, but there are plenty of other sites that are becoming competitive and have lower fees. If you're looking for an eBay alternative try bonanza.com, etsy.com, or even setting up your own website with a shopping cart! Just remember, no matter where you sell, familiarize yourself with the site, their policies, and their fee structures. Nothing blows a great sale-high than losing most of your profit to unexpected fees.
You can also sell your toys locally using sites such as Craigslist or Kijiji. I have done this in the past, but only for selling bulk amounts of toys that I just needed to get rid of to clear some space or things that were so heavy that the shipping price would be astronomical. Often you don't get as high of a price as you would selling on an auction site, but perhaps the convenience of the sale is worth the lower profit margin.
To sell toys online and make money you must have a great listing. After hundreds of listings I have found that you must do these three things, and do them well.
- Take great pictures - Your pics should be well lit, with a solid background. A lousy picture can lose you a sale, so make sure yours is a great one. With toys, condition is so important to buyers so take a new pic for each listing, instead of reusing pictures to save time. This will help you to avoid unsatisfied buyers.
- Write a detailed honest listing - I've met a lot of buyers who have felt that skirting around certain details like wear tear, or missing pieces will improve their chances of making a sale, but that's faulty thinking. Buyers are more likely to buy an item that has all good and bad points listed. Be honest about the condition, and not only will you make a sale but you will have a happy satisfied buyer.
- Pricing - Pricing can be a tricky thing to get the hang of. Here's where research comes in. You need to find out how in demand your item is, and how much it's worth. If your My Little Pony is worth a lot and will have lots of people who are interested in buying it, you could set your price low, to encourage early bidders and bidding wars. However, if your Wuzzle is valuable but you don't expect many people to bid on it, setting a fixed higher price may be the best way to go. Also, make sure sure that your shipping cost is reasonable to encourage buyers to pick you!
Follow these steps...and you are on your way to a successful toy selling business. It's so much fun!