Examining Clustering Potential of LEGO Pieces: Will buyers want one or multiples of the same LEGO piece?

Far from being an exact science, clustering potential is a term that I use to indicate a buyer’s likelihood of desiring multiple quantities of the exact same piece. A seller can try to gauge clustering potential before choosing a new LEGO piece to add to their inventory.

Clustering Potential Example 1: Luke Skywalker vs. Stormtrooper Minifig
A Luke Skywalker minifig represents a unique Star Wars character, so buyers may only require one Luke Skywalker minifig for their collections. A stormtrooper minifig, on the other hand, is a generic minifig–a nameless foot soldier of The Empire. Buyers may want anywhere from one to one hundred or more stormtrooper minifigs if the buyer is amassing an entire Minifig Empire of Stormtroopers to conquer the galaxy! Muahahaha.

Luke Skywalker LEGO minifig

Luke Skywalker is a unique character unlike a generic, unnamed stormtrooper.

It’s a much less likely scenario–but never entirely unheard of–that a buyer will want an army of a hundred Luke Skywalker minifigs. If you’re selling your Luke Skywalker minifigs for dirt cheap, say $1 each, then someone may buy 100 Luke Skywalker minifigs from you in one transaction. Assuming that you’re pricing the minifigs at the average market price or higher, then generic, nameless minifigs like stromtroopers, soldiers, sailors, pirates, police officers, etc. are often more likely to sell in clusters of higher quantities than unique character minifigs like Luke Skywalker, Jack Sparrow or Buzz Lightyear.

Clustering Potential Example 2: Standard LEGO Bricks vs. Tiles with a Printed Design
Standard LEGO brick, plate, tile and slope pieces generally exhibit high clustering potential because a large scale LEGO project may demand dozens or hundreds of the same brick. On the other hand, some pieces with a unique printed logo or design can have lower clustering potential. For example, the United Nations Headquarters LEGO set contains 155 trans-light blue 1×2 plates, but only one “United Nations” 1×8 printed tile. If a buyer is building the United Nations Headquarters, they probably only want one “United Nations” tile. Again, if you’re pricing your “United Nations” tiles below market value, one buyer–possibly a reseller–could purchase all of your tiles.

LEGO Tiles with Wood Grain Pattern

LEGO tiles with wood grain pattern have high clustering potential since buyers may build a floor with dozens or hundreds of the same tile.

Printed tiles are not always “bad” for clustering, though. In fact, some printed tiles, like the lovely reddish brown tile with wood grain pattern, have high clustering potential since your buyer may be constructing an expansive wood grain floor as part of an MOC*.
* * *
Clustering potential–along with other factors like price, quantity, demand, markup potential, piece size/weight, piece durability, etc.–can help guide your inventory selection decisions for your eBay store. How heavily should clustering potential sway your inventory purchasing behavior? That’s up to you, nevertheless clustering potential and uniqueness are at least worth noting before charging into a new inventory investment, especially if the investment includes a high volume purchase of a single piece.

* MOC is an acronym for “My Own Creation”. MOCs are personal projects designed and built by LEGO fans of all ages.

Posted in Inventory Acquisition, Selling Tips | Tagged , , | Leave a comment

Minnesota History Center Features LEGO Display in Temporary Classic Toy Exhibit

The Minnesota History Center, located in St. Paul, Minnesota, is currently spotlighting vintage toys in an exhibit entitled “Toys of the ’50s, ’60s and ’70s”, on view until January 4, 2015. Among other toys of the era, the exhibit features classic white, red and yellow LEGO bricks stacked together, forming a wall.

At the exhibit, LEGO is positioned among other construction toys that were popular in the ’50s, ’60s and ’70s including: Lincoln Logs, Tinker Toys and Erector Sets. Despite the small size of the LEGO display, the temporary toy exhibit offers a fascinating, nostalgic glimpse at a variety of toy contemporaries to the interlocking plastic bricks.

LEGO at Minnesota History Center

Vintage LEGO bricks are on display in the Minnesota History Center exhibit “Toys of the ’50s, ’60s and ’70s”. Exhibit is on view until Jan. 4, 2015.

Minnesota History Center Location:
345 W. Kellogg Blvd
St. Paul, MN 55102
(651) 259-3000

Minnesota History Center Admission Prices (as of July 2014):
Admission to the Minnesota History Center is: $11 adults, $9 seniors (65+), $9 college students (valid ID), $9 active military (valid ID), $6 children ages 6-17.
FREE ADMISSION on Tuesdays from 5 to 8pm.

For more information visit the Minnesota History Center’s official website:
MinnesotaHistoryCenter.org

Posted in Events | Tagged , , | Leave a comment

Start Selling LEGO on Ebay by Buying LEGO On Ebay

Even if your ultimate goal is to sell LEGO on eBay, my first recommendation for every new eBay user is to BUY a few items. You know that expression about “following before you lead”? Think of “buying before you sell” as the eBay version.

LEGO steering wheels

LEGO steering wheels are an example of abundant, inexpensive items you could buy on eBay.

Don’t worry, you don’t need to spend boatloads of money buying LEGO on eBay (unless you want to, of course!). Each item can cost as little as a few dollars, including shipping. Buying loose LEGO items on eBay can be extremely affordable since shipping costs will often range somewhere between only $2-5 for small items (excluding sets or oversized items).

Why buy on eBay before you sell on eBay? Here are three reasons:

1. Buying will help you acclimate to the features and layout of eBay
Signing up for eBay is like moving into a new city. Taking some time to get a sense of the geography of the website and making an effort to interact with the locals (i.e. experienced sellers) will help you have a more enjoyable eBay experience in the long run.

2. Buying will help you build your eBay feedback score
Your feedback score demonstrates your credibility. If you choose to start selling with zero feedback, buyers may be more reluctant to buy from you. You have no track record. How will buyers know you’re not just some fly by night operation? How will buyers know that you’re not some ten year old that “borrowed” his parents personal and financial information to open an eBay account? Buying even just a few items and getting initial feedback demonstrates that (a) you’re a human being and (b) you’re responsible enough to pay for an item that you bought.

3. Buying will help you observe how other sellers run their eBay businesses When you buy an item, you can evaluate the accuracy and usefulness of the item description, find out how securely the seller packs your order, and experience how quickly the seller processes and ships your order. If you encounter a problem with your order (lucky you!), then you’ll discover how the seller attempts to remedy the issue. Throughout your purchases, take notes on everything you like and everything you don’t like so that when you get started selling your own items on eBay, you can emulate the good qualities and avoid the bad and annoying ones.
* * *
Making even just one or two small eBay purchases will impart invaluable insight into the eBay buying and selling experience. Buying before selling not only helps you establish your eBay reputation, but ultimately allows you to learn the habits and tendencies of more experienced sellers as well.

Posted in Selling Tips | Tagged , , | Leave a comment