For anyone looking for a side hustle, flipping items is a great job to consider. Flipping requires no advanced skills — it only demands, of course, some of your time and a social media account.
If you have no single idea what flipping is, it is when you purchase goods that cost a special price and sell them at a higher price to make a profit. You could also flip items from your collection. There is no boundary in flipping other than the willingness to spend your own time.
Chan Peng Joon, the founder of Smobble, a Malaysian Internet marketing firm, shares how he made $3000 just by flipping digital collectibles. Peng Joon is a collectible enthusiast, and he loves collecting digitals, toys, and comics, which became a way for him to earn extra money through flipping.
If you can follow the same principles that he applied to utilize hype and anticipation in flipping his collectibles, you might also find yourself earning quite a lot from yours. Whether you like watches, books, sneakers, or anything that seems valuable to the market, you can gain profit if you will understand the principle.
Flipping Digital Collectibles on VeVe
An article published in 2018 talked about the ECOMI Master Collector. Quite a lot of things change since its publication, but if you read it carefully, you will be able to understand VeVe’s initial vision. You will know the reason for its creation. Hence, you will be able to speculate the direction it is headed. Knowing these things will enable you to find the perfect items that could increase in price in the future.
VeVe builds up a place for collectibles into the virtual realm, right in the palm of your hand. In VeVe, you will find limited edition 3D sculptures of your all-time favorite character, hero, and icons in a premium digital form. The collectibles found in VeVe Digitals can be bought, sold, upgraded, customized, and traded in digital showrooms through the VeVe app.
VeVe Digital Collectibles has a master collector program that rewards the users of its platform to collect stuff. Every user starts at level one and increases in rank as their collection progress.
Master Collector ranking benefits its users by giving access to new and limited-edition collectible releases, a bonus OMI token, and the privilege to access some secret-rare, limited collection of digital collectibles.
If you become a Master Collector, you are most likely to get a 10-second head start on drops. Drops are the scarce digital collectibles that are so hard to get hands into. This means that you will get a small serial number, and as a result of that serial number, that digital collectible is going to worth more.
The process is easy. Buy at a low price, hold until you think you should market, and sell at a higher price, trade just like how the stock market works. If you understand this process, it will be easy for you to apply the rules when it comes to flipping and speculating which one will go up in value.
VeVe’s Partnerships
VeVe has formed several partnerships with well-known brands such as Capcom, Warner Bros., and DC Comics. These huge names in the industry have Ghostbusters, Ultraman, Harley Quinn, and Batman drops in their collectibles.
More to that is Veve’s upcoming partnership for the forthcoming drops for Jurassic Park, Adventure Time, Star Trek, Monster Hunter, Superman, Fast and the Furious, and NFL. There was also speculation that there’s a possible partnership for Pokémon digitals that is yet to be released, though as of today, there’s still no confirmation.
VeVe Re-selling
The pioneers of VeVe digital arts have already noticed an uptick in the price of their collection. Some of the rarest and marketable collectibles have popped on eBay.
The first edition version of Harley Quinn, designed by Terry Dodson and Steve Pugh, has sold $10,000 each on the 24th of March 2021. Steve Pugh’s ultra-rare design with only 200 minted initially cost around $79 before it sold out. The same goes with Terry Dodson’s rare design with only 750 minted. And look how high it has gone up now!
One of the rarest of Batman Black & White Series 1, which Edurdo Risso designed, has an original purchase price of $69.99 but was sold for $6500. The Big Barda went up from $49.99 actual selling price to $2250.
The famous Ghostbuster collectibles, which cost $16.99 on their initial release, were sold for $2950, making a big buzz in the industry. Also, a Ghostbuster gold secret rare logo minted to 188 for $99 had been sold upwards by $10,000 each.
VeVe’s New Release
VeVe dropped the first Back to the Future NFT in a torso of iconic DeLorean Time Machine last April 2021. Three versions of a highly detailed replica of the DeLorean Time Machine will be released.
How to Trade on VeVe
The Veve Digital Marketplace does not utilize sales on a cash basis. Instead, they use trade-in gems, and each gem is equivalent to $1. What’s applaudable in this gem is users can swap it for OMI, VeVe’s native token, which fluctuates depending on the market value.
Key Takeaways
Now that you understand the direction, you should start looking for a collectible that only requires one piece to complete a set. Having 300 collections of the same collectibles will seem pretty lame but having a few sets would be a good gauge to know how serious a collector is. So, if you are planning to flip digital collectibles, stick up for a few sets.
Looking for a collectible that would complete a set is a good option, especially when the ultra-rare is inexpensive.
