kutzheels
Mid-Carder
Joined on: Jul 6, 2018 8:39:12 GMT -5
Posts: 292
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Post by kutzheels on Aug 10, 2021 19:30:49 GMT -5
Lol I hope this gets funded simply to see how badly your comment ages. I love you. It's aged horribly in the 25 mins since they posted. kutzheels Let the folks that backed the project and plan to sell worry about potential profit margins. If you're not supportive of their plans, there are other threads on the forum. Who said I wasn’t backing it? I’m a collector not a trash scalper. I’m a MOC completionist so that would be the only reason I back it because I don’t a 10th ring stacked collecting dust in the garage. I would never come on here begging people to shell out $300 with the false promises that these are guaranteed to skyrocket in value. Your regular evilbay seller would have to sell this for $500 + just to clear a $1 profit. So if you want to beg people to buy it then there are other reasons and highlights to promote instead of stories of untold riches that awaits them.
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Post by Chip on Aug 10, 2021 19:34:40 GMT -5
Whats Cardona's thoughts as to why this hasn't easily got the backing that many thought it would have done? VintageFigs1they spent a good chunk of time talking about it on recent episodes of the podcast. it was a good listen basically, they are backing it because they understand the magnitude of something like thus. but they also agree that it feels a bit "lackluster" for the cost, and that mattel isn't doing a great job promoting it. Myers was talking about the stage piece and that something similar to it at Axxess had people going NUTS, but then they released this and it was crickets, he didn't seem to understand why Cardona said he bought 4, Myers got one and Sterling got one. These guys aren't gonna buy 10 each, they buy enough stuff as it is.
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Post by Chip on Aug 10, 2021 19:37:45 GMT -5
the biggest problem with this thing has been the fantasy booking train that wrestling figure collectors have gone on about it since DAY 1
if you stopped worrying about what YOU think it SHOULD have been....and just appreciate what it is, it makes it a more exciting thing to have.
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teammadness
Mid-Carder
Joined on: May 10, 2020 8:09:29 GMT -5
Posts: 386
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Post by teammadness on Aug 10, 2021 19:49:41 GMT -5
Not a New Gen guy at all. I’m debating on getting 2 with keeping one Unopened and then opening the 2nd one just for the ring. I know I’m in the minority but I really just want the ring and those skirts which I’m hoping they toss in at 5k as a last ditch effort
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Post by Warrior Wildness on Aug 10, 2021 19:52:54 GMT -5
It's aged horribly in the 25 mins since they posted. kutzheels Let the folks that backed the project and plan to sell worry about potential profit margins. If you're not supportive of their plans, there are other threads on the forum. Who said I wasn’t backing it? I’m a collector not a trash scalper. I’m a MOC completionist so that would be the only reason I back it because I don’t a 10th ring stacked collecting dust in the garage. I would never come on here begging people to shell out $300 with the false promises that these are guaranteed to skyrocket in value. Your regular evilbay seller would have to sell this for $500 + just to clear a $1 profit. So if you want to beg people to buy it then there are other reasons and highlights to promote instead of stories of untold riches that awaits them. I don’t think anyone should back this just for the sake of reselling. But personally, I don’t think there’s anything wrong with buying a 2nd of a figure or set you collect to resell later and I wouldn’t really label those that do as “scalpers”. Btw $500 on eBay would generate a profit of about $100-150 (after fees and shipping you’re at about $400).. and that’s assuming you don’t piece it out which would be much more profitable.
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kutzheels
Mid-Carder
Joined on: Jul 6, 2018 8:39:12 GMT -5
Posts: 292
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Post by kutzheels on Aug 10, 2021 20:28:40 GMT -5
Who said I wasn’t backing it? I’m a collector not a trash scalper. I’m a MOC completionist so that would be the only reason I back it because I don’t a 10th ring stacked collecting dust in the garage. I would never come on here begging people to shell out $300 with the false promises that these are guaranteed to skyrocket in value. Your regular evilbay seller would have to sell this for $500 + just to clear a $1 profit. So if you want to beg people to buy it then there are other reasons and highlights to promote instead of stories of untold riches that awaits them. I don’t think anyone should back this just for the sake of reselling. But personally, I don’t think there’s anything wrong with buying a 2nd of a figure or set you collect to resell later and I wouldn’t really label those that do as “scalpers”. Btw $500 on eBay would generate a profit of about $100-150 (after fees and shipping you’re at about $400).. and that’s assuming you don’t piece it out which would be much more profitable. Ebay is roughly 14% This doesn’t ship until 2022. New IRS law. So you will be sent a 1099 after $600 in sales. It’s virtually impossible that somebody buying this for the sole purpose to resell it would not be scalping other items as well So you are paying just under 16% for SS and Medicare taxes. So that’s 30% right off the bat. You also have to pay state and federal tax on the profit. And shipping? A box the size /weight of the ring? Estimation it will cost $25 to roughly $84 USPS priority depending on zip codes. We all know there are different kind of scalpers, I’ll give you that.
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Deleted
Joined on: Sept 20, 2024 13:36:20 GMT -5
Posts: 0
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Post by Deleted on Aug 10, 2021 20:30:24 GMT -5
Whats Cardona's thoughts as to why this hasn't easily got the backing that many thought it would have done? VintageFigs1 Myers was talking about the stage piece and that something similar to it at Axxess had people going NUTS, but then they released this and it was crickets, he didn't seem to understand why1) People can admire the coolness of something without actually wanting to shell out the cash to own it themselves (much less sacrifice the space needed to display it in their own homes) 2) Even if "people going NUTS" were 1000 people, they could make a lot of noise and make it SEEM like there is tremendous demand. Obviously, those 1000 people (plus) have contributed to the crowdfunding. Obviously, that's not enough. EDIT: 3) People went nuts for the stage, not the ring + figures + skirts.
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tim
Mid-Carder
Joined on: Feb 18, 2019 22:16:26 GMT -5
Posts: 151
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Post by tim on Aug 10, 2021 20:39:55 GMT -5
While looking at our numbers and how much we're away from 5,000 which is 2,570 more backers needed, compared to Haslab Galactus and their goal it's only 2,665 more backers needed but they've been climbing faster. It's amazing and I get different interests but that people are willing to spend almost 400 dollars for a 32 inch figure. So 250 dollars sounds not so bad and if they can do it. Hopefully we can as well. I think it's just a philosophical difference between how Mattel is using creations and how Hasbro is using Haslab. Haslab thus far has been pushing items that are essentially fan community dream items, though they are niche they've been items that have been repeatedly requested (exception being the razor crest, that was just about popularity in the moment). Mattel on the other hand has kinda taken a different position on it where instead of looking for an item that was heavily requested and never be able to be made otherwise, they tried to create an item and then gauge interest after the fact. Hate to say it but a new generation ring isn't going to rank high as a dream item amongst even the most hardcore collectors. Brother I have wanted a neon entrance ever since I was four years old and I know I am not alone in that.
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Post by BoJack Hogan on Aug 10, 2021 20:52:18 GMT -5
I feel like this might’ve done better with an Allied Powers Bulldog than Diesel, or like any other mid carder to main eventer. Even a 1995 Michaels might’ve done it. I can only speak for myself, but I think they should’ve offered two figures from the start.
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Post by kgchampion on Aug 10, 2021 20:59:41 GMT -5
I honestly believe a scale titantron (with no ring) and a couple exclusive figures would have done significantly better at a $200 price point. A set piece with lights, a massive working screen, trussing with banners and a curtain, ramp, stage and a couple of exclusive figures would be $200? 👀 👍🏽 Why the hell would there be a working screen?! That’s insane. You include a bunch of cardboard inserts that can be swapped out or you do what Mattel’s previous entrance stage did and make it so a tablet people already own can be placed inside. Building a toy stage with a working screen is crazy.
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jokerjohn
Main Eventer
Joined on: Oct 14, 2019 17:38:00 GMT -5
Posts: 1,734
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Post by jokerjohn on Aug 10, 2021 21:23:22 GMT -5
Regardless of if you are buying to sell or not there is no denying as time goes on everything in this set will go up in value just because it's limited from the start. HBK was available for a long time and I could have bought 20 if I wanted to but now that you can't get it everyone needs it.
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Post by ztj_wwf on Aug 10, 2021 21:30:09 GMT -5
A set piece with lights, a massive working screen, trussing with banners and a curtain, ramp, stage and a couple of exclusive figures would be $200? 👀 👍🏽 Why the hell would there be a working screen?! That’s insane. You include a bunch of cardboard inserts that can be swapped out or you do what Mattel’s previous entrance stage did and make it so a tablet people already own can be placed inside. Building a toy stage with a working screen is crazy. Exactly. No stage they do is going to have a working screen.
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WWE453456
Mid-Carder
Joined on: Jul 23, 2021 18:07:34 GMT -5
Posts: 282
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Post by WWE453456 on Aug 10, 2021 21:34:02 GMT -5
I don't see any problem buying several and selling them later. If some didn't have this ulterior motive, we certainly wouldn't be close to 2,500. I've heard many buy at least 2-3 pieces. Me too. Nobody should care because we help the project to succeed!
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Deleted
Joined on: Sept 20, 2024 13:36:20 GMT -5
Posts: 0
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Post by Deleted on Aug 10, 2021 21:37:31 GMT -5
I don’t think anyone should back this just for the sake of reselling. But personally, I don’t think there’s anything wrong with buying a 2nd of a figure or set you collect to resell later and I wouldn’t really label those that do as “scalpers”. Btw $500 on eBay would generate a profit of about $100-150 (after fees and shipping you’re at about $400).. and that’s assuming you don’t piece it out which would be much more profitable. Ebay is roughly 14% This doesn’t ship until 2022. New IRS law. So you will be sent a 1099 after $600 in sales. It’s virtually impossible that somebody buying this for the sole purpose to resell it would not be scalping other items as well So you are paying just under 16% for SS and Medicare taxes. So that’s 30% right off the bat. You also have to pay state and federal tax on the profit. And shipping? A box the size /weight of the ring? Estimation it will cost $25 to roughly $84 USPS priority depending on zip codes. We all know there are different kind of scalpers, I’ll give you that. I think the new tax law will be the start of the end for the bay. Unless you run a good successful business thru it, you’re not gonna sale something a few times a year only to be taxed for it. I mean I would sale around 50 or so things throughout the year , but that will end come December.
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FFK
Main Eventer
Suck it!
Joined on: Sept 6, 2010 19:27:38 GMT -5
Posts: 3,180
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Post by FFK on Aug 10, 2021 21:39:02 GMT -5
Ebay is roughly 14% This doesn’t ship until 2022. New IRS law. So you will be sent a 1099 after $600 in sales. It’s virtually impossible that somebody buying this for the sole purpose to resell it would not be scalping other items as well So you are paying just under 16% for SS and Medicare taxes. So that’s 30% right off the bat. You also have to pay state and federal tax on the profit. And shipping? A box the size /weight of the ring? Estimation it will cost $25 to roughly $84 USPS priority depending on zip codes. We all know there are different kind of scalpers, I’ll give you that. I think the new tax law will be the start of the end for the bay. Unless you run a good successful business thru it, you’re not gonna sale something a few times a year only to be taxed for it. I mean I would sale around 50 or so things throughout the year , but that will end come December. What is this new irs eBay thing?
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Post by LA Times on Aug 10, 2021 21:58:28 GMT -5
I think the new tax law will be the start of the end for the bay. Unless you run a good successful business thru it, you’re not gonna sale something a few times a year only to be taxed for it. I mean I would sale around 50 or so things throughout the year , but that will end come December. What is this new irs eBay thing? If you made $20,000 or more in ebay/online sales, you will get a 1099K in the mail to report to the IRS. That will be lowered to $600 next year. Its to crack down on gig economy that emerged due to the pandemic.
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Post by Jim Cornette’s Wendy’s Order🍔 on Aug 10, 2021 22:08:31 GMT -5
For those wondering or worried about paying upfront,
You can download the Klarna app which allows for you to pay for it in 4… divide payment up to be 68.73 every two weeks with 0% APR.
Game changer for those worried about the upfront cost.
Spread the word!!!
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jokerjohn
Main Eventer
Joined on: Oct 14, 2019 17:38:00 GMT -5
Posts: 1,734
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Post by jokerjohn on Aug 10, 2021 22:18:08 GMT -5
What is this new irs eBay thing? If you made $20,000 or more in ebay/online sales, you will get a 1099K in the mail to report to the IRS. That will be lowered to $600 next year. Its to crack down on gig economy that emerged due to the pandemic. What if you didn't use ebay and sold stuff on Mercari or in Facebook groups, how would they know? I'm not in America so just curious.
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Post by legendsguy on Aug 10, 2021 22:19:09 GMT -5
lol this thread has turned into a "resell" it ... this is quite comical...
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#Heel
Mid-Carder
Joined on: Jan 7, 2012 4:53:15 GMT -5
Posts: 223
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Post by #Heel on Aug 10, 2021 22:51:20 GMT -5
This proves that no influencer is big enough in this community to influencer the market like that. Even all together they can’t get the job done. It wasn’t until Mattel added Savage that it even had some movement. People will buy what they want to buy. How many influencers are there? I can only think of MyDamnToys, and the Major Bros. Really only the Major WF Pod. The other Youtubers bought followers which is why none of them have a YouTube plaque. Lots of instagram self proclaimed influencers like Alex bought followers too. It’s not hard to do. I’m not knocking them because it obviously worked to get a code but it shows just how small this community really is. No one has a legitimate following minus the Major Bros.
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