[Report Abuse]
[Login to Blog] ChaddySki's Blog
Is There a Market for Your Childhood Obsession?

Take Me To Post Comment Form



What was the latest and greatest when you were a kid? Did you collect every Star Wars figure? Or were Transformer toys the action figures sitting on your shelf? What about My Little Pony or Polly Pocket toys? Teenage Mutant Ninja Turtles? Cabbage Patch Kids? The list could go on and on...
 
Does just pondering these questions bring back fond memories? Nostalgia is the gateway to cashing in on your past obsessions or banking on the future. Toy dealers, collectors, and traders can make real money helping buyers reconnect with their childhoods. For example, a 1984 Optimus Prime toy sale price was $12,000.00, a Bye Focals Matchbox car sold for $500,000.00, and a Princess Diana Bear Beanie Baby with trading cards sold for $2,000,000.00! Of course, these are the exceptions, but still, many vintage toys are worth hundreds of dollars or still hold their value after 30-plus years.
 
With the minimalist movement and Marie Kondo’s suggestion to let go of things that no longer bring you joy, if you’re ready, why not let your past joy bring joy to someone else and a little (or maybe a lot) of extra cash in your pocket?
 
Now for the big question: Is there a market for your childhood obsession?
 
Vintage toy marketability has so much to do with capitalizing on the nostalgia surrounding the vintage items. Not all toys appreciate in value. Some toys are past their prime for receiving top dollar . Some toys haven’t quite reached their prime.
 
For nostalgic items, the best target markets are to individuals in their early 30s to early 40s. These age groups are starting to become nostalgic--reliving their childhoods and the things that once brought them joy. They are at a point in their lives where they have more discretionary income and can splurge on what may be considered frivolous to others. Those in their twenties and mid-forties on up are either too close to their childhoods and simply enjoying the joys of first time adulting or well into adult life, careers, and family. Neither group has as much interest or money to spend on nostalgia as the target market group; memorabilia just isn’t much of a priority. So for now, vintage toys from the 1980s are most likely to be the hottest sellers at the highest prices since the individuals who collected and played with them are now within the target age range. But don’t be discouraged if your items fall outside these age parameters. There may still be a strong market for your treasures. It’s worth checking it out.
 
To determine marketability, you first need to take inventory of your collection. What specific toys do you have? Make a list. Do you have a complete set of a particular series of a toy?  Some collectors are willing to pay substantially more for the complete package. Any first editions or limited editions? These are often worth the most--especially limited editions toys. What condition are your toys in--any missing parts? The better the condition, the higher the value. Anything still in its original packaging? Original packaging also brings a higher price, and instills confidence in prospective buyers that the items are in top condition.
 
Once you have your list, it’s time to do your research. Search the internet for toy collectors and online auction sites to see the prices similar items have sold for. Don’t necessarily look for asking prices since some individuals over inflate values even when there is no chance an item will sell at that price. Instead, search for the amount customers actually were willing to pay through searching the “sold” sections. From your research, determine your asking prices.
 
Next, Clean your items and, if parts are missing--perhaps accessories such as light sabers or shields--search online for specific “spare parts” for your toy’s specific edition. It’s amazing what you might find. Just remember that the more complete and presentable your item is, the greater the monetary compensation when it sells. So if you’re lucky enough to locate replacement parts, reevaluate your asking prices.
 
When cleaned and ready, take quality pictures from all angles, write a compelling description, and promote your auction! Your childhood toy obsession may just pay off!


Latest Activity: Aug 10, 2018 at 12:49 PM


Bookmark and Share
Forward This Blog
Print Blog
More Blogs by ChaddySki
Send ChaddySki a Message
Report Abuse


Blog has been viewed (30) times.


Log In to post comments.

Previous blog entries by ChaddySki
 
How to Afford Your Dream Backyard Pool
August 13, 2018
It’s been a goal of yours since you were little, or maybe it is a new goal that you’ve just decided on: getting a backyard pool. There are so many benefits to having a pool in your very own backyard that it makes sense why you want one, you just ...
Read More »
 
The Rise of Ecommerce
August 09, 2018
E Commerce is an incredibly explosive market that shows no signs of stopping in the future. Online transactions have become so standard for buying products that they're changing the game for other kinds of businesses as well. From banks providing their services through apps to restaurants allowing you to order ...
Read More »
 
4 Personal Health Improvement Tips
July 26, 2018
Everyone dreams of staying fit and healthy. However, achieving the perfect health condition can become a nightmare when one doesn’t know the steps to take. Many people neither appreciate the importance of committing themselves to steps that would ultimately make them fit nor do they know what to do to ...
Read More »
 
Simple Solutions to Secure Your Data
July 25, 2018
Introduction In today’s world, most businesses face challenges when it comes to data breaches. No organization is safe from data hacks, even the big ones. Assuming that your data is secure is one of the contributing factors to hacking. Every day the hackers are looking for new ways to access ...
Read More »
 
3 Ways to Stay Healthy
July 23, 2018
Introduction There is so much information available currently about the diets and workout plans you can use to get in shape. This may seem like a great thing, but it can actually be very confusing and hard to figure out. The main problem is that some of the ideas are ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology