In 2024, I plan to continue investing in LEGO sets as they have proven to be a successful investment for me in the past. I will focus on purchasing exclusive and limited-edition sets, as they tend to appreciate in value over time. Additionally, I will keep an eye on new releases and popular themes to stay ahead of market trends. I will also consider diversifying my LEGO investment portfolio by looking into investing in LEGO-related stocks or companies. Overall, I am confident that LEGO investing will continue to be a profitable venture for me in 2024. from Youtuber- Brick Bucks
Title: My Plan For LEGO Investing in 2024
The video from Brick Bucks provides a detailed insight into the speaker’s Lego investing strategy for the year 2024. The speaker discusses the five main areas of their Lego investing business, which include picking winning sets, sourcing at great prices, inventory management, selling strategy, and scaling and growing the business over time.
In terms of picking winning sets, the speaker plans to focus more on using data to make informed decisions and adjust their approach to certain themes based on observed trends and potential future developments. Additionally, they mention conducting a workshop with their community to analyze data and discuss the performance of different themes.
The buying strategy revolves around seeking more bulk deals and implementing a more disciplined approach to acquiring sets at the lowest possible prices. The speaker also mentions leveraging bots to track prices and secure great deals while exhibiting more patience in between those opportunities.
Regarding inventory management, the plan is to optimize the current storage space as they reach maximum capacity, without seeking a new storage space expansion in 2024. This decision aligns with their goal of maximizing current resources and taking more profits off the table for personal enjoyment and passive investments like real estate.
The selling strategy revolves around continued emphasis on selling primarily on Amazon in the United States, with eBay as the secondary platform of choice. The speaker highlights their approach of strategically timing bulk shipments of inventory throughout the year for maximum profitability.
In terms of growth, the goal is to achieve a 20% increase in inventory, focusing on optimization and increasing turnover to generate more profits without significantly expanding the storage space. The speaker also expresses their intention to prioritize taking more profits off the table and investing in other ventures like real estate.
The video provides a comprehensive outlook on the speaker’s Lego investment approach for the year, encompassing strategic considerations for different facets of their business. If you want to dive deeper into Lego investing, the speaker’s book, “Winning Set Secrets,” is recommended for further insights.
Check out this video from Brick Bucks here
