Can you live from 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 pokemon trading cards. The expert has said in an interview Business Insider How much do you earn from your trades? It has also dropped quite a few tips that can serve you both if you are thinking of selling Pokémon cards or if you want to start in the world of speculation.
Trading Pokemon cards can be a very lucrative business.
During the pandemic, Pokémon cards multiplied their price by five. YouTube was filled with celebrities who made a multitude of videos opening boxes of playing cards and who invested a lot of money in this type of product. Internationally, the biggest noisemakers online 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 is dedicated to doing the same thing these celebrities have been doing on YouTube since 2020, only a little bigger. He deals in Pokémon and Yu-Gi-Oh cards, and also comics. Over the past year, Kovacs has brought in about 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 dollars more.
Kovacs' tips for speculating with Pokémon Cards
Instead of keeping his secrets, Thomas Kovacs has shared in his interview several tips very interesting that can serve anyone who is thinking about buy or sell pokemon cards.
First, Kovacs recommends only enter the world if you are interested in cards. He makes the comparison with classic cars. If you don't like them, it's hard to see the value in them, 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 a letter 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. As he says, the playability of a card it has quite an impact on the price. Therefore, you have to know how to play to be able to invest correctly in this world.
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 letter will have in a few years —as they say, past returns do not guarantee future returns. For cover the risk, Kovacs is usually done with new cards as well. In addition, he believes that you have to invest large amounts of money, since a small figure like $1.000 is insignificant to start.
In addition, the expert considers that if you have a very valuable letter, the most sensible thing to do 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.
Finally, Kovacs recalls that most cards that pass through your hands they cost between 1 and 50 dollars. To him, all of them are a piece of printed paper, regardless of how fond he is of his collectibles.