Is Geoff Wilson Lying about Cards HQ?

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Geoff Wilson recently talked on his podcast about the first four months of sales revenues for Cards HQ, and the numbers are staggering!
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26 июн 2024

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Комментарии : 87

@TheSportsCardDad Месяц назад

Check out Pristine Auction here: prstn.co/sportscarddad Use Code sportscarddad for $10 off your first auction win at Pristine Don't forget to check out our website: sportscarddad.com Join the FREE Weekly Newsletter here: mailchi.mp/2bec5b6e50b3/sports-card-dad-yt If you have a sports card collection to sell, I have resources to assist. Please email me at the address below. For all non-sports card related collectibles videos, visit my 2nd channel at @collectiblesdad For all your Card Supply & Card Case Needs, check out Card Capsule here: www.cardcapsule.us/sportscarddad Try out Market Movers here for quick and easy sales history data: www.sportscardinvestor.com/pl... Coupon Code: SCD Users will get a 14 day free trial and a 20% lifetime discount on any subscription at any level, monthly or annual. The only place on the internet w/ 10% off Slabmags! Check out SlabMags here: slabmags.com/discount/sportsc... Use Promo Code 'sportscarddad' at Checkout for 10% off your entire order! *Affiliate Link: I may receive a commission from purchases via this link Check out the latest sports card auctions on Ebay here: ebay.us/3cOQx0 #ad *Affiliate Link: I may receive a commission from purchases via this link

@bennybreaks702 Месяц назад

Its 4 million in sales. Probably spent 3 million on the cards (if not more). Once you factor in operating costs, probably barely above even.

@RobertLee-wi5kc Месяц назад

He buys stuff at 60% 70% in trade but good stuff has lower markup. Boxes are included and he is about 30% there. so 4 million sales I would guess he made 1.5 million. I am not sure how you lose money on breaks. You have a cost you sell the teams and make about 20% before you open the first pack. Have you ever seen a breaker lose money?? As far as having to buy more inventory sure just go to a show lay cash in the showcase and if you are paying what other dealers are paying you will get all you want. If he is lying and not making money he will close in a couple of years like most new retail ventures.

@evanfraser64 Месяц назад

Clickbait.

@mnplumberman Месяц назад

Why the need to tell us in the first place is the question.

@u_s_a_cards Месяц назад

Is Sports Card Dad writing click bait titles?

@popsmoke99 Месяц назад

most youtuber's do to support themselves....

@MikesRetroTradingCards Месяц назад

Cards HQ is a privately owned company right? So he COULD tell us anything he wanted and we would have no way of knowing if it's legit or not

@TheSportsCardDad Месяц назад

Certainly could I suppose Mike 👍

@getgooddad Месяц назад

The IRS will know 😂

@user-vi5vd3ty9d Месяц назад

@@getgooddadthey funded it via ppp

@patrickmccracken8652 Месяц назад

Dude the economy and card market is shot. There is small pockets to make money in sports cards. Just collect what you like and sit on it

@Philly_Joe Месяц назад

I hope the best for Jeff & Cards & HQ. Elevates the hobby. One thing I know is - selling single cards is a lot of work. Thanks!

@aaronrasmus3160 Месяц назад

Don’t give Geoff any ideas 💡

@getgooddad Месяц назад

I hope he paid his taxes 😂

@aaronvanlandschoot2145 Месяц назад

Wealthy, white guys paying taxes on their business????!!!! Hahahahahahahahahahahahaha!

@gametimegallery7661 Месяц назад

$4M in revenue is irrelevant unless you also factor in capital and operational costs. I hope they are indeed profitable and Geoff succeeds, as the hobby needs an injection of new ideas and folks who have the courage to take a chance.

@user-vi5vd3ty9d Месяц назад

What new ideas? He opened another brick and mortar

@RobertLee-wi5kc Месяц назад

@@user-vi5vd3ty9d No negotiation the price is the price. That and overpriced wax. Great looking spacious store.

@christopherlangston8173 Месяц назад

I went by Cards HQ on a Saturday. It was fairly busy. It's actually a pretty cool spot.

@stueystuey1962 Месяц назад

As hobbyists, don't we want him to succeed?

@celebratedfamilycards1802 Месяц назад

Yes, we do. I never understood the people who want them to fail.

@johnwayne9828 Месяц назад

No. Why would I pull for a conman?

@TheBargainBoxer Месяц назад

No, we don’t. We don’t want snake oil salesman to succeed in this hobby that we love with their bull$hit……

@TimDavis-td2go Месяц назад

He started his store way too big. Expenses on a 14,000 square foot facility is not cheap in Atlanta. Big time overhead. And he still has to keep obtaining inventory.

@TheBargainBoxer Месяц назад

@@TimDavis-td2go It’s not, nor has it ever been, his store. It’s Fanatics store…..

@RedStorm1383 Месяц назад

Breaking it down that’s $33,333 a day. Doesn’t seem too crazy but again this could be the initial hype of the store just being open. Would like to see the numbers once the hype wanes away.

@bobbymo3591 Месяц назад

That's peanuts to some breaking operations. He has multiple live streams going at once from the shop. I know he said it's mostly from the shop, but who knows. Either way, that's not a lot of money in the sports cards industry.

@CaptainKett17 Месяц назад

As a CFO and card enthusiast this topic is fascinating. I have to believe they have very little cash and and high borrowings. I believe they are profitable on paper but in a material cash deficit position as is common😢 during most start ups. So much inventory funding is a cash drain. Hopefully he has some good working capital available. Also would be interested in their treatment of inventory. Cash or accrual. Total nerd alert for me. Love the topic SCD!!

@Wootensportscards Месяц назад

Great take

@1skiless 28 дней назад

money goes out so fast? It's crazy. I've got 15 employees for my business. I'm spending 15 to 20 thousand every 2 weeks on payroll.

@BobBoozle Месяц назад

I'd be real curious to hear how the revenue breaks down as far as new releases from Fanatics/Panini/Pokemon, second-hand boxes, singles, sponsorships, live events and RU-vid revenue.

@SportCardMadness Месяц назад

Revenue is certainly different than profit or EBITDA. I'm sure there are massive initial capex costs that he has to amortize over a long period as well. Will be interesting to see if he breaks it down further as the shop progresses.

@joeday17821 Месяц назад

Ally formerly of Titan Cards...she practically created their youtube content and made it really popular (over 40K subs). Their videos have gone from thousands of views to hundreds since she left.

@RobertLee-wi5kc Месяц назад

I don't get it, just watched one of her streams. Not a lot of personality and doesn't even handle the cards with gloves on.

@will-grier-investor Месяц назад

He must be counting all the Will Grier cards i bought in 2019!

@RobertLee-wi5kc Месяц назад

Still playing for the eagles:) Hope you bought him when he was cheap.

@marcovaldovinos4754 Месяц назад

It’s great news for the hobby.

@cardboardcheddah3715 Месяц назад

Did cardsHQ hire Ally?

@TheSportsCardDad Месяц назад

Yes Ally! Was trying to remember her name

@leehaskins307 Месяц назад

Pokemon popularity is real… I see it at my local shop.. they expanded there store to a pokemon section and its loaded with kids with there parents.. I’m a sports card collector but many years ago bought the top five 1999 first edition pokemon cards…. they are a great part of my collection...

@Melissa-w5m Месяц назад

Hysterical my husband remembers watching them sell sets those sets of cards on the shopping network.

@TheSportsCardDad Месяц назад

@colinburroughs9871 Месяц назад

this guy rubs me the wrong way on multiple fronts...

@jchristner82 Месяц назад

cards HQ helps generate traffic to his online content, it allows him to create better content and clicks

@NYC-SA-Mike Месяц назад

Hiya Dustin. Been out of the net for a minute - how ya doing? I think if he's doing a million per mo to start? That's pretty darn good. I'm pretty sure some employees can attest to his monthly gross. My LCS - tops in SA - did around 3 million last year. What's the profit margin on Topps cases e.g. Not as high as one might think? Expenses may be more than many think? In Texas there's tax on inventory along with a franchise corporate tax. Rent is at least 28K/mo and maybe he got a break for the first 3 to 6 months? Hidden expenses abound in a business; the gas/electric could easily be 28K/mo. What about insurance and security. My LCS costs Charlie 20+K per year on 2500 sq. ft.! What about salaries + FICO and book keeper and CPA costs. And one that's a real challenge: Shrinkage - employee theft. It's a big store - I can see some unscrupulous employee tell a customer - today - buy one/get one free and slip a 20 in my left hand? His operation is a monster and organization with daily "controls" is tantamount to being a success. He started real big. I gotta give him credit for the guts it takes to extend himself like that. This is too long - time to say thanx; enjoyed the presentation as usually buddy. 👍

@TheSportsCardDad Месяц назад

Doing well Mike! I think you nailed it, expenses of all types are killing real gains. Seems like everything across the board is a lot more expensive

@oarancards4443 Месяц назад

Good for him hes a dad like you ,,im happy for him,,

@Simonlegend35 Месяц назад

Yes!!!!!! I dont understand the "hate" he receives all the time! It

@slugger82685 Месяц назад

for the revenue figures was that just purely on sales? does that factor in any kind of sponsorship or youtube money?

@TheSportsCardDad Месяц назад

Not sure on that part

@leehaskins307 Месяц назад

I dont know how u can get millions a year in inventory to sell at a local shop is possible at the 100 to 500 dollar card… where do u find that… u cant get that from dealers at shows they dont sell at a discount

@RobertLee-wi5kc Месяц назад

They do if the want to turn it and can't retail it.

@centerhillcards Месяц назад

Her name is Allylotl and she has 11k subs and she used to work at Titan cards in Pinellas Park, Florida

@TheSportsCardDad Месяц назад

Thanks!

@jimbobrobertson3285 Месяц назад

Geoff only said $4 million “Revenue”. That’s just sales. No need to talk about expenses and operating profit.

@grindstone11 Месяц назад

He did. He said they were profitable. Did not say by how much, but that is literally saying including all expenses, the store is profitable. The only items he excluded was depreciating assets (building costs essentially)

@SS-pc6dg Месяц назад

Only 30 seconds in, I like your paintings. Retail sales through the store would be many cash transactions and what is a business which has lots of cash flowing through it good for? So your intuition of where the sales would be, may be correct.

@TheSportsCardDad Месяц назад

Thanks very much, my mother in law made the paintings for me

@SS-pc6dg Месяц назад

@@TheSportsCardDad She must like you. Is she going to buy your son a new shirt too now that it is stretched out?

@TheSportsCardDad Месяц назад

@@SS-pc6dgwhat’s not to like? :)

@SS-pc6dg Месяц назад

@@TheSportsCardDad The fact that you $@#!^% her sweet precious little daughter for starters. :) I made myself laugh.

@delgado6042 Месяц назад

That make sense is still a hustle trying to buy cards to keep relevant

@stuke1976 Месяц назад

Talking with CardHQ folks at Dallas, I believe they are doing $4 Million in the first 4 months. They bought a lot of cards in Dallas, from what I could see. Pokemon is the same characters, but they change the artwork/format on each release, where Magic has the same cards with similar look on their new releases, from what I've been told

@PickSixCards Месяц назад

WHO DAT!!!

@80sStarBasketball Месяц назад

I hope he does well on Cards HQ - I don't understand why so many people want him to fail. Yes - Pokemon is insanely popular and I don't understand it but my kids sure did.

@PickSixCards Месяц назад

What’s up SCD

@TheSportsCardDad Месяц назад

Whats up man?!?!

@pancake_analytics Месяц назад

There's for sure some confirmation bias going on here. He's a private company and doesn't have to fully disclose the financials so you have to take his RU-vid videos at face value. He might be giving undue weight to evidence that supports the importance of the brick and mortar location. Potentially overlooking data that suggests online or other sales channels are equally or more effective.

@goaliecoach00 Месяц назад

Comparing cards HQ to Burbank is insane. The bullet holes in Burbanks showcases daily at store and the amount of buying every day shows that they are getting paid in every way while Cards HQ have to go find stuff to buy and the foot traffic is not comparison . I don't see how you could mention these two stores in the same sentence let alone the same paragraph.

@TheSportsCardDad Месяц назад

Well simply put. These 2 stores are among the largest in the country. Obviously, Burbank has been in business 40+ years, so they are going to have a much deeper inventory. But that’s just common sense.

@Mskedu47 Месяц назад

Dude should be locked up

@RobertLee-wi5kc Месяц назад

For suggesting who to buy? Guys do that very week on tv as they suggest bets, prop bets. Your money spend it as you like. Not like you pay for free advice.

@fazejmo1953 Месяц назад

Provocative!

@joeday17821 Месяц назад

Geoff won't want to do any major push on Pokemon since he thinks it will soon crumble by the weight of Lorcana popularity!

@TheSportsCardDad Месяц назад

Lorcana for life!!! lol

@chunter3882 Месяц назад

Ally

@TytheSportsCardGuy Месяц назад

I'm wishing Geoff much success. If I were him I would probably cut out the breaking part of the business for right now and focus way more on the buying and selling.