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Hi everyone,
I've come to a new business idea and would appreciate some feedback.
The idea is:
Rent your Magic the Gathering cards
For everyone who doesn't know about Magic, here is the Wikipedia link https://en.wikipedia.org/wiki/Magic:_The_Gathering
Magic is a booming trading card game with a lot of tournaments around the world. In most tournaments, you need the so called "Deck", which you build at home with your own cards.
During my very active years, I've made a lot of money buying and sellings Magic cards, so I know a lot
about it.
My idea is basically to lend the cards someone who need them for a tournament, but doesn't want to buy them because they are too expensive. He has to keep the cards for a fixed amount of time and then return them. For that, he has to pay a fractions of the cards worths.
The plan is to build a stock of the most wanted cards and lend them via an internet shop.
The first problem I have is, how has the customer to pay?
I think its either pay the full price of the cards worth and after returning, get the money minus the costs or he has to pay the costs upfront.
There are some pros and contras for both methods.
Full price
If he need cards which are worth $400, its very hard for the customer to pay it upfront and get for example $350 after returning back. But if the cards are damaged or he doesn't return them, I have the money.
Costs upfront:
Its easier for the customer, but it could be complicated, if the cards are damaged.
I'm not quite sure, if there is a need for this business idea, but when I play tournaments, I often see people lending cards from friends.
Ideally, the site will be bought from leading traders.
Sorry for some terms and formulations, english is not my first language.
Thanks for some help
I've come to a new business idea and would appreciate some feedback.
The idea is:
Rent your Magic the Gathering cards
For everyone who doesn't know about Magic, here is the Wikipedia link https://en.wikipedia.org/wiki/Magic:_The_Gathering
Magic is a booming trading card game with a lot of tournaments around the world. In most tournaments, you need the so called "Deck", which you build at home with your own cards.
During my very active years, I've made a lot of money buying and sellings Magic cards, so I know a lot
about it.
My idea is basically to lend the cards someone who need them for a tournament, but doesn't want to buy them because they are too expensive. He has to keep the cards for a fixed amount of time and then return them. For that, he has to pay a fractions of the cards worths.
The plan is to build a stock of the most wanted cards and lend them via an internet shop.
The first problem I have is, how has the customer to pay?
I think its either pay the full price of the cards worth and after returning, get the money minus the costs or he has to pay the costs upfront.
There are some pros and contras for both methods.
Full price
If he need cards which are worth $400, its very hard for the customer to pay it upfront and get for example $350 after returning back. But if the cards are damaged or he doesn't return them, I have the money.
Costs upfront:
Its easier for the customer, but it could be complicated, if the cards are damaged.
I'm not quite sure, if there is a need for this business idea, but when I play tournaments, I often see people lending cards from friends.
Ideally, the site will be bought from leading traders.
Sorry for some terms and formulations, english is not my first language.
Thanks for some help
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