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    11 Tips on Trading Sports Cards in 2020 | Tea With GaryVee

    enJune 27, 2020

    Podcast Summary

    • VaynerMedia and VaynerX Hiring for Creative RolesGary Vaynerchuk's companies are hiring for entry-level creative positions, offering opportunities to join a top marketing firm. Gary encourages those impacted by the job market to apply and shares his principles of self-awareness, patience, practicality, and frugality.

      VaynerMedia and VaynerX are currently hiring aggressively for various creative roles, including copywriters, designers, animators, and writers. These entry-level positions offer a unique opportunity to join one of the best marketing machines in the industry. Gary Vaynerchuk personally expressed his appreciation for those who have been impacted by the recent job market and encouraged interested individuals to apply on garyvee.com/creator. During the podcast, Gary shared his personal story of overcoming adversity and credited influential figures, like himself, for providing guidance and reinforcing valuable principles. He emphasized the importance of self-awareness, patience, practicality, and frugality, and encouraged listeners to embrace humility and live below their means. Through his inspiring words and actions, Gary serves as a shield for those seeking guidance and direction in their own lives.

    • Exploring new opportunities through patience and hard workPatience, hard work, and a willingness to take pay cuts can lead to personal growth and success in the sports card market, even during uncertain times.

      Patience, hard work, and a willingness to take pay cuts for the right opportunity can lead to personal growth and success, even when others may not understand. The speaker was inspired by Gary Vaynerchuk's advice and perspective, which led him to explore new passions and question the evolution of the sports card market on eBay. The speaker believes that eBay, as a large company, is evolving to meet the demands of the growing collectors and entrepreneur space within the sports card industry. While there is no clear "next guy" in terms of standout players, the speaker anticipates that the 60-game baseball season will capture a lot of attention due to its limited nature. Historically, cards of players going into a season where they're about to do something significant have had less upside, but the speaker acknowledges that anything is possible with the new energy in the market. The speaker also mentioned that he collects graded cards, specifically those from PSA.

    • Learning from experts and personal experiences leads to growth and new passionsThrough education, hard work, and understanding risks, individuals can gain valuable insights and discover new passions, such as investing in sports cards.

      Following the advice of experts and putting in the time and effort can lead to significant personal growth and potential financial gains, such as investing in sports cards. This young man shared how he gained valuable insights from David's content and was inspired by his parents' sacrifices, leading him to develop a deep appreciation for his upbringing. He also discovered a passion for sports cards and began investing in them, starting with a Deion Sanders rookie card. The speaker emphasized the importance of education, hard work, and understanding the risks involved in alternative investing, as well as the potential rewards of staying engaged in cultural trends like sports and entrepreneurship. Overall, the conversation highlights the power of learning from others and the potential benefits of pursuing personal interests with dedication and focus.

    • Discovering a Large Collection of Sports Cards and Expanding InventoryDespite negativity and hate, the speaker remains empathetic and sees potential in a large sports card collection. He plans to diversify inventory by selling raw cards and sending graded ones to PSA, BGS, and SGC, acknowledging their value in the market. Excited about potential profits, he sees this as a welcome escape from his busy life.

      The speaker, despite facing negativity and hate due to his passion for sports cards, remains empathetic and sees the potential in his recent discovery of a large collection. He plans to diversify his inventory by selling some cards raw and sending others to grading companies like PSA, BGS, and SGC. He acknowledges his lack of expertise in grading and appreciates the value of these companies in the market. The speaker also expresses his excitement about the potential profits from this new acquisition and sees it as a welcome escape from his busy life. He understands that his lack of expertise in grading during his childhood might have cost him potential profits, but he is content with his role as a collector and reseller rather than a grader.

    • Sports card market: Unpredictable and subject to various factorsCollectors and investors must consider production levels, market trends, and external influences when dealing with the sports card market. Diversify collections or investments and stay informed for potential opportunities in emerging markets and platforms like eBay.

      The sports card market is unpredictable and subject to various factors such as production levels, market trends, and external influences. Collectors and investors need to be mindful of these factors and diversify their collections or investments accordingly. The market has seen ups and downs in the past, and there is an inevitability of another potential dip due to overproduction. However, there are also opportunities in emerging markets, such as soccer cards in Europe and Pokemon cards, which could provide exciting investments or hobby experiences. Additionally, eBay could be a potential platform for buying and selling cards in Europe, despite its perceived lack of popularity. Ultimately, the sports card market requires careful consideration, education, and a balanced approach to enjoyment and potential profit.

    • Securing clients is crucial for marketing agency success as graduatesPersistently gaining clients is essential for marketing agency success as graduates. The current market for NBA sports cards and collectibles like Pokemon and wrestling shows potential for growth.

      Starting a marketing agency as a graduate requires securing clients above all else. This was a recurring theme in the conversation, emphasized by Yanna who shared her experience of European students finding success due to their persistence in gaining clients. Additionally, the current market for sports cards, particularly NBA cards, is experiencing significant growth due to the global popularity of the NBA and the small passionate demand group for collectibles like Pokemon and wrestling. For those interested in sports cards, it's recommended to do thorough research before making purchases and to consider less popular sports or collectibles for potential opportunities.

    • Collecting Card Market: Passion and Potential ProfitMany find joy and potential profit in collectible card market, especially hockey and basketball. Passion, planning, and long-term perspective are key.

      Despite the uncertainty and potential risks in the collectible card market, particularly hockey and basketball, many enthusiasts and investors find joy and potential profit in the hobby. The speaker shares his personal experiences of collecting Gretzky and Lemus hockey cards, as well as Tim Hardaway basketball cards, driven by both passion and potential investment value. He believes the market still has room to grow, but acknowledges concerns about the global economy and potential market downturns. The speaker encourages careful consideration and planning, including selling to fund hobbies without relying on family money or debt. He also emphasizes the importance of enjoying the process and anticipating long-term gains. The speaker's perspective reflects the unique blend of excitement, risk, and personal connection that can define the collectible card market experience.

    • Exploring sports card collecting communities online and offlineEngaging with fellow collectors can lead to valuable connections, discoveries, and experiences. Consistency and relationship-building are key to success in the hobby.

      Building a network and engaging with the sports card collecting community, both online and offline, can lead to valuable connections, discoveries, and experiences. The speaker shares his passion for collecting since the early nineties and his recent exploration of platforms like Discord, Twitter, forums, and Instagram chat groups, in addition to eBay. He emphasizes the importance of being consistent and building relationships in the hobby. The speaker also expresses his gratitude for the impact the speaker's content has had on his life, allowing him to subsidize his lifestyle and even start a family. The speaker's story highlights the potential for personal growth and financial gain through sports card collecting, as well as the importance of staying positive and focusing on the positive aspects of the hobby.

    • The Importance of Education and Consumer Demand in Collectible Card MarketUnderstanding market trends and consumer demand are crucial for collectible card sellers, particularly those of popular IPs like Pokemon. Education and community can help navigate challenges and capitalize on opportunities.

      The speaker is deeply passionate about the hobby of buying and selling collectible cards, particularly Pokemon, but struggles with the selling aspect due to concerns about being perceived negatively. He emphasizes the importance of education in understanding the market and the role of consumer demand in driving the value of collectible cards, particularly those from popular IPs like Pokemon. He also mentions the potential impact of macro trends and the unlimited market of collectors who grew up with these cards. Despite the challenges, he remains committed to the hobby and sees it as a lifelong learning experience. He also values the community aspect of the hobby and welcomes both collectors and sellers.

    • A collector's passion for rare sports cardsCollecting rare sports cards, like wrestling, basketball promos, and athlete pre-rookie cards, can bring financial benefits and connect collectors online.

      The speaker is passionate about collecting unique and lesser-known sports cards, such as wrestling cards, basketball promo cards, and even cards featuring athletes before they became rookies. He believes that the value of these cards lies in their rarity and potential for future appreciation. The speaker also mentions his interest in UFC and Esports cards, and expresses excitement about the potential for debating their value in the future. Additionally, he shares his personal experience of collecting sports cards as a hobby, which has already brought him financial benefits and allowed him to connect with other collectors online. The speaker encourages collaboration and offers to send a box of football cards to another collector, Dustin.

    • Following passions in sports can lead to personal happiness and business opportunitiesPassionately following sports, even if not currently profitable, can lead to happiness and potential business opportunities. Research thoroughly before collecting sports memorabilia.

      The speaker, Gary Vee, is a passionate fan of various sports, particularly basketball and baseball, and he believes that following one's interests and passions, even if they don't seem profitable at first, can lead to both personal happiness and potential business opportunities. He mentioned some baseball players he finds interesting, including Francisco Lindor, Javier Baez, and Juan Soto, and expressed his deep knowledge of the sport despite not currently focusing on it as much as basketball and wrestling. He also shared his fond memories of collecting sports memorabilia and attending live events, such as the 1994 Stanley Cup finals featuring Pavel Bure and the New York Rangers. For those with a limited budget in sports collecting, Gary Vee advised doing thorough research before making purchases.

    • Considering investment and risk in sports card collectingStarting out, focus on buying and selling raw cards or established players on platforms like eBay to build a collection and make small profits, while understanding the risks involved.

      When starting out in sports card collecting, it's essential to consider the level of investment and risk one is willing to take. Buying raw and ungraded cards and attempting to grade them requires a significant skill and time investment. However, for those with limited budgets, buying and selling raw cards is a viable option to build a collection and make small profits. Established players come with their own risks, as injuries or market fluctuations can impact their value. Ultimately, sports card collecting is a gamble, and it's crucial to learn the ropes, starting with the basics of buying and selling on platforms like eBay. The journey may be filled with surprises and unexpected profits or losses, but the experience can be enjoyable and potentially rewarding.

    • Rediscovering the joy of collecting sports cardsCollecting sports cards can bring joy, bond experiences, and potentially hold long-term value despite market volatility.

      Collecting sports cards can be a fun and bonding experience for families and friends, transcending beyond just investments. The speaker shared his personal journey of rediscovering his childhood hobby and now sharing it with his son. He also mentioned the excitement around the TOPS Project 2020, which combines baseball cards with works of art. The market for such collectibles can be unpredictable, with prices soaring and crashing, but the speaker believes that the first editions of these cards will hold value in the long run. The hobby has attracted new collectors from various fields, and the involvement of famous personalities can increase its popularity further. Ultimately, the joy of collecting sports cards lies in the friendship, shared experiences, and the thrill of acquiring unique pieces.

    • Trading Cards: Old vs New, Personal DecisionInvest time in learning about trading cards, enjoy the hobby, and make informed decisions based on personal interest and potential value.

      While some individuals may be excited about collecting and investing in modern, limited-edition trading cards, such as Project 2020, others, like the speaker, prefer older rookie cards and vintage collections from sports like basketball and soccer. The speaker emphasizes that grading cards is a personal decision based on their potential value and the collector's interest. The hobby of trading card collecting is not a get-rich-quick scheme but rather requires education and long-term commitment. The speaker encourages new collectors to invest time in learning about the hobby before making any significant investments. The speaker also emphasizes the importance of enjoying the hobby and learning from experts and resources like podcasts. Overall, the speaker encourages a thoughtful and informed approach to trading card collecting.

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