How to turn a passion into a sound business investment

Whether you’re passionate about collecting artwork or comic books, it’s possible to turn the hobby you’re passionate about into a sound business investment. You’re some tips on how to properly care for your collections in order to preserve their resale value as well as information on what collections are the best investments.

Collectibles make a good alternative investment because while no collectible appreciates in value that often can perform well. Because of this, it’s important to have a clear outline of how much money you’re willing to spend on a physical asset that might not you the return on investment.

Comics

Vintage Comics are one of the most popular collectibles this may stem from how willing other collectors are to pay significant amounts of money for pristine vintage comics. For example, a 1940s Batman comic sold for over $40,000 recently.

Rare books

Most rare book collectors look for first editions, books that have a limited release and signed copies. A first edition of Harry Potter and the Philosopher’s Stone is worth $47,000 minimum.

Baseball/basketball cards

While recent additions baseball or basketball cards may not be valuable until many years from now vintage baseball or basketball cards can sell for hundreds of thousands. For example, the 1914 Baltimore News Babe Ruth card sold for $500,000.

Sneakers

This may seem like an odd collectible however the Vintage Air Jordan’s have sold for tens of thousands of dollars particularly one still in the box. Because of this fact, many sneaker manufacturers have taken to releasing limited edition colors and styles of their sneaker brand. It’s all in the name of enticing collectors into buying pairs that most likely will be considered valuable over time.

Other collectibles

Coins

Stamps

Toys and Dolls

Art

Historical Antiques

Now that you know how to turn a hobby into a sound business investment, be sure to utilize these tips to keep your collection pristine and valuable. And for those looking to expand their sneaker collection be sure to stop by footlocker.com.