An Easier, Beginner-Friendly Step-By-Step Guide On How To Earn $$$ From Your First LEGO Investment!
A lot of our readers took interest in LEGO Investment. It is, indeed, a highly unusual kind of investment which surpasses the return of investment of gold, wine, and even cars. No wonder many are taking interest in investing in LEGO collection, especially now that the Company are announcing retiring sets and new collectibles which, as expected, are again rising in value.
How long should I wait before I get my return of investment? Lego investors notice that the value of a retired LEGO set rises by 50% of its value usually after 6 months. So if you bought a set out-of-production for $100, you can already sell it to willing buyers for $150 within 6 months. That’s a great profit!
Some also say that a set increases in value in 1-2 years. It all depends on how popular the set is and other circumstances such as the condition of the set.
Here are the best tips to get you started with LEGO Investment.
#1 Prepare To Spend $100++ On A LEGO Set
Collecting LEGO is not a cheap hobby. When you enter a LEGO store, expect to spend a few hundred dollars for a new set or two. LEGO Investment will require you to shell out at least $100 to buy a set which you’re expecting to increase in value after sometime.
#2 Look For Retiring Sets
The LEGO Company announces which sets they are going to stop production already. These are the collection that are surely to increase in value because it becomes a rare item which an avid collector would not anymore find in official stores. There are a lot of LEGO sets soon to be out of the market. Find which ones are available in a nearby official store and grab one already!
#3 Sign Up To LEGO VIP Program
Signing up to LEGO’s loyalty program will earn you points for every future purchase. These points can be used as discounts, and your membership will entitle you to VIP experiences and early access to exclusive sets. If this LEGO investment is what you see yourself doing more in the near future, better utilize the perks given to avid buyers to save money in your future purchases.
#4 Preserve
Find a dedicated space at home for your investment. A set is higher in value if it is in mint condition and the box is still intact. You don’t want your investment to be infested with rats and bugs or you would not make the most of its high returns.
#5 Do Your Research
Some sets might be retiring because it did not meet the target marketability. Some set might also be retiring for it to become a rare item in the future. An investment requires planning, so is LEGO Investment. Your preserved set might have indeed increased its value by 50% within 6 months. But imagine the tremendous return if you hold it for another 2 years. Check LEGO forums and communities to keep updated of the latest LEGO trends and the possible value of a retired set.
Final Thoughts
Just like any other investment, LEGO Investment requires planning - starting from finding the most-sought and the soon out-of-production sets for this buy-and-hold strategy. This is a good passive income and it just feels good to know that this certain set you spend a hundred dollars on will soon be worth at least double its price after some time. If you think this investment is for you, better start your LEGO set research now!
