If you’re just getting started buying sports cards on Whatnot to resell, check out my tips for beginners, then come back! I’ll wait.
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Ok, welcome back! Whatnot is where I often go to buy individual cards at great prices to resell on Ebay and Facebook Marketplace.
Here are five more tips to make money buying on Whatnot to resell:
- Buy lots on Whatnot
Lots of can offer great value on Whatnot. The key to making money from lots is to identify the value of one card in the lot and try to purchase the entire lot for less than the price of the one card. I find that sellers get less value for lots than if they sold the cards individually, especially if you take my advice to stick to small rooms!
- Set notifications
Some of my favorite sellers only stream once a week or less, so it’s crucial to know when they’re on to get the best deals. If you can get in the room early you can get deals before the room fills up.
- Focus on sellers with $1/$2 auctions
Whatnot can feel like a casino sometimes with pullboxes, breaks, and wheel spins. Avoid those rooms if you want to make money. To get the best deals, I like to find sellers in small rooms that are running auctions starting at $1 or $2. If they’re selling only base cards I move on, but if they’re mixing in autos or numbered cards, even of poor-selling players I’ll stick around to see if I can catch a deal.
- Comp everything before you buy
This is one of the most challenging parts about buying on Whatnot to resell. Whatnot is fast. That means you don’t always have much time to determine if a deal is good or not. But it’s absolutely essential to comp in real time if you want to make money. Will you miss some deals? Sure! But there are plenty to go around. Pull up Ebay and search the lowest price listed and then check most recent sales to see if you’re getting a good deal. If you miss out on a deal, that’s ok because you’re also learning what cards are selling for so you’ll be able to spot good deals faster.
- Don’t overpay
Pick a percentage of comps that you’re willing to pay. I try to buy around 50% or more of comps on everything I buy. Ebay fees and other costs to resell add up and some cards might not resell as well as you expect, so you want to have some cushion.
Bonus tip!
Be patient.
Buying auctions can be exhilarating, but don’t buy everything just because it’s a dollar or two. Look up comps, learn card values, make sure the cards actually sell and stick to being a certain percentage under comps and you can make money buying and reselling sports cards on Whatnot.
Check back often for more tips for making money buying and selling sports cards.