Since the first LEGO bricks were made in 1958, they have remained popular. You can make money from your hobby no matter how old you are. You can start a business based on LEGOs, as they have been around for a while and are currently enjoying a growth in popularity. What are some ways to make money from LEGO bricks?
The LEGO Group is a company that manufactures plastic bricks. It is growing year on year. The growth of adult fan of LEGO groups is fueling LEGO’s consumer sales, which are growing at a rate of over 10% per year. Additionally, LEGO’s market share is increasing at a rate that is faster than the rest of the toy industry.
Is it possible for you to make money like the LEGO Group? Can you make money from LEGO bricks? The question is whether or not this is possible, to which the answer is yes. There are many ways to make money from LEGO, including the five ideas explored below. Whether you are an AFOL (Adult Fan of LEGO) or just someone looking to make a side income, there are numerous opportunities to do so. From buying and selling LEGO sets to creating your own LEGO-based business, there are many ways to profit from this popular toy.
1. Sell LEGO on an online marketplace like eBay
One way to make money from LEGOs is to sell unused sets, minifigures, and bricks on sites like eBay or Facebook. Sets that come with the original box and instructions are usually more popular and sell for more money than sets that are incomplete. Brickset.com is a website that helps people identify Lego sets. eBay’s completed sales function shows how much these sets are currently worth on the market.
Some minifigures, even if they have been used, are worth a lot of money. If you find the LEGO Star Wars Boba Fett minifigure from the Cloud City set (10123), you could be over $500 richer. There are many online marketplaces that allow you to sell items. Some popular ones include eBay, Amazon, and Etsy.
2. Sell LEGO bricks on Bricklink or BrickOwl
Many LEGO builders earn money by buying and reselling LEGO bricks on e-commerce platforms such as bricklink.com and brickowl.com. Each person has their own reasons for taking or not taking a particular action.
Bricklink is a website where people can buy Lego parts, often in large quantities. The Lego Group recently bought Bricklink, so now it is owned by them. This means that there are a lot of stores on Bricklink with a lot of bricks for sale. Many store owners buy new LEGO sets when they are on clearance. They open the sets, sort the pieces (known as ‘parting out’ in the LEGO community), and then upload the pieces into their online inventories.
The more inventory you have, the more buyers you will attract. Maintaining a large store will take up a lot of time and will require a dedicated storage area.
3. LEGO set investing
The value of a sealed LEGO set usually goes up over time, with a few exceptions. Some LEGO fans buy extra sets with the intention to sell them for a higher price in the future. If you were to purchase the Cafe Corner set for $139.99 when it was released in 2007 and not open it, you could sell it on eBay today for around $2500.
This is an example of an opportunity to make a high return on your investment by buying and selling LEGO sets. This means that when a LEGO theme is close to being discontinued, it is a good idea to buy sets from that theme. Focusing on themes with enduring popularity is also a good strategy. Some examples of these types of themes are trains, the modular Creator range, castles, and pirates.
Many people believe that LEGO sets increase in value over time, if they are kept in good condition. Some people see LEGO as a potential investment, like whiskey, wine, or art. More and more people are starting to collect LEGO sets with the intention of selling them for a profit in the future. Websites such as BrickEconomy and Brickpicker help investors track the value of their LEGO set portfolios.
Over time, investing in LEGO can lead to large profits. If you are willing to wait a few years, you can make a lot of money from your LEGO investments.
In 2006, the LEGO City Heavy Loader (Set 7900) cost about $15. The price for a new and sealed condition typically costs more than $100 dollars. This is not an unusual or unexpected result. Many LEGO sets have increased in value over the years. The Carousel (Set 10257) was originally sold in stores for $159 in 2017, but it now regularly sells for more than $300 on the secondary market.
You can also make money from LEGO in the short term. This means that if you are strategic about the types of LEGO sets you buy and when you buy them, you can make more money from your LEGO collection in a shorter amount of time.
The LEGO Group will only produce a limited number of each LEGO set. The active catalog refers to the LEGO sets that are available for purchase. The retired LEGO sets are the ones that are no longer available for purchase. The best way to make money from LEGO investments is to buy sets that are about to be discontinued, ideally when they are on sale. This means that if you have picked the right sets, there will be more people wanting them than there are available, and the prices will go up over time. At that point, you can sell your inventory on eBay, Amazon, or Bricklink to get cash.
The Harry Potter and Hedwig set is a great example of a short-term LEGO investment. The set was released in 2018 for around $15, but it quickly retired and doubled in value as Harry Potter and LEGO enthusiasts scrambled to add it to their collections.
One of the benefits of investing is that it is difficult to lose all the money you have invested. This means that even if you don’t buy the most popular LEGO sets, you will still have a lot of new LEGO bricks that you can use. These are valuable to LEGO builders, and you can recoup most of the money you’ve put into a poor LEGO investment by selling the parts and pieces individually on Bricklink or eBay. LEGO is a safer investment than most other options.
It doesn’t have internal storage. One downside of this product is that it does not have internal storage. Lego sets take up a lot of space. If you have multiple copies, it takes up even more space. If you don’t have a specific place to store your LEGO collection, it will gradually start to take over your home.
This means that the sets are unlikely to have been opened and played with before. To get the most money for your investment sets, keep the packing tape attached to the boxes. Unfortunately, if your tapes are exposed to dust or moisture, the adhesive may become less effective and your tapes may not adhere as well. You’ll need to take this into consideration when deciding where to store your tapes. Many serious LEGO investors choose to store their collections in temperature-controlled storage facilities.
If your investment sets have gone up in value, it might take some time or be challenging to sell them. As a set becomes more valuable, the number of people who can afford to buy it decreases. This means that it could take a while to find someone who is willing to pay the same price for your item that is being asked in the market. It can be difficult to get your money out after you’ve decided to sell.
If LEGO sets are rereleased, it may affect how much your investment is worth. The LEGO Group will occasionally bring a retired set back into production. This will have an impact on your investment, as collectors who were previously unable to buy a set can now do so at the full price. A rereleased set can significantly reduce the demand for the original, although there will always be the completists who require a copy of every single set.
Some people are better suited to investing in LEGO than others. If you have enough space to store them, are willing to do your research to buy the best sets, and are ok with tying up your money in LEGO sets for a few years, investing in LEGO sets might be a good option for you.
4. Sell custom instructions on Rebrickable
If you can design cool LEGO creations that other people will want to build, you can sell building instructions for them on rebrickable.com or eBay. You will probably not become rich from this, but if you like building things, you could make some extra money from it, even if it’s just a hobby.
5. Start a LEGO-themed YouTube channel or use Social Media
If you are good at building things with LEGOs or have a lot of LEGOs, you could make a YouTube channel where you show off your best builds, review new sets, or talk about LEGO news. Many LEGO YouTubers are earning a full-time income from their channels. One way to monetize social media platforms is to create sponsored posts. For example, an influencer could create a post on Instagram or Facebook talking about a new LEGO product and how to put it together. This would gain followers and eventually lead to monetization.
In the past, YouTubers like JANGBricks and SolidBrixStudios made most of their money from running ads on their videos. But since YouTube changed its monetization policy, they’ve had to adapt their approach, along with other toy content producers. JANGBricks funnels his viewers towards his patreon.com account, and SolidBrixStudios makes money by advertising his custom minifigure business. There are a few ways to make money on Youtube. One way is to be a partner with Youtube. You can also make money on Youtube by having ads on your videos.
Conclusion – yes it is possible to make money with LEGOs
There are many ways to make money with LEGO. Even if you only use them as a hobby, This article provides some tips on how to make money by selling LEGO bricks. It suggests focusing your creativity to make the most profit from your sales.