Sell ​​Pokémon cards for a living: Earn $345,000 in a year

Can you live by buying and selling pokemon cards? For Thomas Kovacs, collectibles have become his main source of income. He lives in Zurich, and runs Amazing Toys, an online store where he sells Pokémon Trading Cards. The expert has said in an interview of Business Insider how much you earn from your trades. He has also dropped quite a few tips that can help you whether you are thinking of selling Pokémon cards or if you want to get started in the world of speculation.

Trading Pokémon cards can be a very lucrative business

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During the pandemic, Pokémon cards multiplied their price by five. YouTube was filled with celebrities who made a multitude of videos opening boxes of cards and who invested a lot of money in this type of product. Internationally, the ones who made the most noise on the net were DJ Steve Aoki, Logan Paul and rapper Logic. In Spain, Rubius also went viral when he bought a first edition Charizard card.

Thomas Kovacs has been doing what these celebrities have been doing on YouTube since 2020, only a little bigger. He trades Pokémon and Yu-Gi-Oh cards, and also comics. Over the last year, Kovacs earned around 340,000 Swiss francs through his online store, which is equivalent to about $345,000. In addition, he also owns a physical store that generates another approximately $300,000 more.

Kovacs’ tips for speculating with Pokémon Cards

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Instead of keeping his secrets to himself, Thomas Kovacs has shared in his interview several tips very interesting that can serve anyone who is thinking of buy or sell pokemon cards.

First, Kovacs recommends only enter the world if you are interested in cards. He makes the comparison to classic cars. If you don’t like them, it’s hard to see their value, so you’ll never be able to see the real potential of each product. For Kovacs, if this connection does not exist, you will never know why one card is worth 20 euros and why another can be worth six figures. In addition, this information is very important for him in terms of investment. According to him he says, the single card gameplay It has quite an impact on the price. Therefore, you have to know how to play in order to invest correctly in this world.

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On the other hand, Kovacs knows full well that his business involves speculate with an asset, and that nobody knows the price that a specific card will have in a few years —as they say, past returns do not guarantee future returns—. For cover the risk, Kovacs is also usually made with new cards. In addition, he considers that large amounts of money must be invested, since a small figure such as 1,000 dollars is insignificant to start.

In addition, the expert considers that if you have a very valuable letter, the most sensible thing is to keep it in a safe in a bank. Insulating the card from light and moisture, he says, will ensure that it is worth much more in the future.

Lastly, Kovacs recalls that most cards that pass through their hands they are worth between 1 and 50 dollars. To him, they are all just a piece of printed paper, regardless of how fond he is of his collectibles.

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