All I want to do is talk about COMC

[LVDan]

I’ve been off the site for awhile and safe to say there’s no reason to return from a quick oop into this thread.


Sent from my iPhone using Tapatalk

[boxbuster7]

I wish Starstock looked more enticing. Just not a fan of the design.

[cruiserdaddy7]

To show my frustration I’ll be having a 50% off promotion starting next hour. For the patient folks, should be easy money

[JustinVerlander07]

Originally Posted by cruiserdaddy7

To show my frustration I’ll be having a 50% off promotion starting next hour. For the patient folks, should be easy money

I'm not a Soccer expert so didn't fray into that, but bought a Miz relic for the PC and a couple Baseball cards, great deals.

[shrevecity]

Originally Posted by sliqwill

how can they be cash poor with the volume of sales in the past 6 months...

Looks at the USPS their volume has increased dramatically this year but they are still struggling.

Having a high volume of sales does not help if they are badly run like we all know COMC is.

Their early days to attract new sellers also did not help their situation for a few years they ran a business model that was based around just moving numbers around more than actual income. They were basically robbing Peter to pay Paul. I have to wonder how many members are like me and have never sent them a dime of cash into their site? Their early promotions and allowing you to go into the hole on your balance created a problem that could be catching up with them.

[lunderk]

Originally Posted by shrevecity

I have to wonder how many members are like me and have never sent them a dime of cash into their site? Their early promotions and allowing you to go into the hole on your balance created a problem that could be catching up with them.

I never took advantage of negative balances but, through free e-packs and constant e-pack trading which I don't do much anymore build my balance along with challenges. I then build my inventory up with now over 34k unique cards. I have sent cards home from time to time that I wanted to give to friends as gifts and for myself but like you have never paid any real money to this site and have removed thousands. Comc still makes plenty of money off me in fees but their just reclaiming store credit and not actually cash.

~~Lunderk

[sliqwill]

Originally Posted by shrevecity

Looks at the USPS their volume has increased dramatically this year but they are still struggling.

Having a high volume of sales does not help if they are badly run like we all know COMC is.

Their early days to attract new sellers also did not help their situation for a few years they ran a business model that was based around just moving numbers around more than actual income. They were basically robbing Peter to pay Paul. I have to wonder how many members are like me and have never sent them a dime of cash into their site? Their early promotions and allowing you to go into the hole on your balance created a problem that could be catching up with them.

i work at USPS and there is reason for loss based on performance of workers...and the USPS sells the product ONCE, COMC is selling the same thing multiple times and doing nothing with it...

also, the whole 'USPS losing money' is a myth, its a prefund mandate that none of the other 'federal' agencies have...

plenty of fat to trim could really change the numbers and perception of the USPS

[cruiserdaddy7]

Originally Posted by JustinVerlander07

I'm not a Soccer expert so didn't fray into that, but bought a Miz relic for the PC and a couple Baseball cards, great deals.

Thanks, I appreciate your business!

I sold couple hundred items, just moved up to 60% off. Tons of flips in there for resellers when this goes live.

[shrevecity]

Originally Posted by sliqwill

i work at USPS and there is reason for loss based on performance of workers...and the USPS sells the product ONCE, COMC is selling the same thing multiple times and doing nothing with it...

also, the whole 'USPS losing money' is a myth, its a prefund mandate that none of the other 'federal' agencies have...

plenty of fat to trim could really change the numbers and perception of the USPS

You just answered your own question though. They are losing money due to bad management and bad mandates set in place that drain them. Again just having a huge revenue stream does not mean nothing if the other end of the spectrum is not being held up.

[boxbuster7]

Originally Posted by sliqwill

how can they be cash poor with the volume of sales in the past 6 months...prices have skyrocketed on many things...a $10 card could be bought/sold 10x by the time it gets to $100 as each person takes a couple dollar profit and COMC pulls down $15-$20 in fees on that 1 card...

as a 'low end' seller, im sure im paying at least $50 a month in items that I buy and resell, so they aren't really doing anything with the card, im sure the computer stuff just relinks it to the 'new' owner...I don't see how they could be 'cash poor'...

also factor in when they sell on eBay, which the majority of my stuff has sold on, the markup more than covers the associated fees, and they are charging more than $1 more in shipping than the actual cost $4.99, while retail would be under $4.25, but they are getting high volume discounts, so their actual cost would be closer to the $3.50 or less...

I'm going to agree with this post. I'm not sure Martin Shkreli could've lost money in sports cards in August.

COMC has gotten market share because it has a great product. They really had the opportunity to dominate the sports card market in the last few years. But it is a lack of consistency that gets in their way time and time again.

A better alternative to COMC does not exist at this point, which is why we are all still selling there

[cowboyzqna]

Originally Posted by cruiserdaddy7

To show my frustration I’ll be having a 50% off promotion starting next hour. For the patient folks, should be easy money

That verdugo auto blue wave rc is a steal at what you have it priced at... last copy did like 80 on ebay.

[cruiserdaddy7]

Originally Posted by cowboyzqna

That verdugo auto blue wave rc is a steal at what you have it priced at... last copy did like 80 on ebay.

Somebody snagged that bad boy.

There are alot of deals in the port. I'm just a bit fed up with comc so people should take advantage of me...

[JustinVerlander07]

So the joelshitshow offer thing is fun. going through repricing stuff, every time I have a card that he is cheaper than, make an offer, he jacks the price up, I become cheapest on site.

He's so dumb to fall for it.

[dcaudle68]

Originally Posted by JustinVerlander07

So the joelshitshow offer thing is fun. going through repricing stuff, every time I have a card that he is cheaper than, make an offer, he jacks the price up, I become cheapest on site.

He's so dumb to fall for it.

I love doing that as well.

Allow offers and then get mad when you do......

[BumBum]

What has always kept me on COMC is that it has been the most affordable and efficient way to obtain lower end cards that I seek for my collection. Unfortunately, it appears that the indefinite 12-week processing suspension is catching up with them in a bad way. Without 12-week, low-end cards that are not in the current year simply aren't being stocked. I have noticed that inventory for many cards is dwindling, and in some cases, have disappeared altogether. That gives me fewer opportunities to spend my money with COMC.

It is pretty obvious by now that COVID is not to blame, but instead reflects COMC's ability to keep up with the current market. As someone else mentioned, only a cash poor company would fail in this environment, and this problem is only going to spiral out of control more rapidly as the amount of cards available to purchase, and resulting cash flow, decreases.

[cruiserdaddy7]

Originally Posted by BumBum

What has always kept me on COMC is that it has been the most affordable and efficient way to obtain lower end cards that I seek for my collection. Unfortunately, it appears that the indefinite 12-week processing suspension is catching up with them in a bad way. Without 12-week, low-end cards that are not in the current year simply aren't being stocked. I have noticed that inventory for many cards is dwindling, and in some cases, have disappeared altogether. That gives me fewer opportunities to spend my money with COMC.

It is pretty obvious by now that COVID is not to blame, but instead reflects COMC's ability to keep up with the current market. As someone else mentioned, only a cash poor company would fail in this environment, and this problem is only going to spiral out of control more rapidly as the amount of cards available to purchase, and resulting cash flow, decreases.

Absolutely. COMC is losing trust on both ends, from sellers and buyers. I don't trust them to list my items so I won't send anymore in. Can't trust them to ship what I buy in a timely manner unless I pay for Express.

They are becoming useful for auctions only, and better options exist for that as well.

[JustinVerlander07]

Originally Posted by BumBum

What has always kept me on COMC is that it has been the most affordable and efficient way to obtain lower end cards that I seek for my collection. Unfortunately, it appears that the indefinite 12-week processing suspension is catching up with them in a bad way. Without 12-week, low-end cards that are not in the current year simply aren't being stocked. I have noticed that inventory for many cards is dwindling, and in some cases, have disappeared altogether. That gives me fewer opportunities to spend my money with COMC.

It is pretty obvious by now that COVID is not to blame, but instead reflects COMC's ability to keep up with the current market. As someone else mentioned, only a cash poor company would fail in this environment, and this problem is only going to spiral out of control more rapidly as the amount of cards available to purchase, and resulting cash flow, decreases.

I have probably (and this is small compared to others) at least 2k cards I could/would send in under the 12 week submission status.

[BumBum]

Originally Posted by cruiserdaddy7

Absolutely. COMC is losing trust on both ends, from sellers and buyers. I don't trust them to list my items so I won't send anymore in. Can't trust them to ship what I buy in a timely manner unless I pay for Express.

They are becoming useful for auctions only, and better options exist for that as well.

Originally Posted by JustinVerlander07

I have probably (and this is small compared to others) at least 2k cards I could/would send in under the 12 week submission status.

I am sure there are many sellers just sitting on cards where it simply is not economically viable to submit at this point. That could be the root of the problem, maybe it's not viable for COMC, either. I'm not going to sit here and say that I am done with COMC, because it is too important for what I do. But I do seriously worry about it's long term viability and would hate to lose this platform. I really do hope they can sort this out, even if it does mean price increases.

[dustin42]

Originally Posted by boxbuster7

I wish Starstock looked more enticing. Just not a fan of the design.

I am selling on there now. The design is for mobile devices and the buyer now. They are new and still building their site.

[cruiserdaddy7]

Originally Posted by BumBum

I am sure there are many sellers just sitting on cards where it simply is not economically viable to submit at this point. That could be the root of the problem, maybe it's not viable for COMC, either. I'm not going to sit here and say that I am done with COMC, because it is too important for what I do. But I do seriously worry about it's long term viability and would hate to lose this platform. I really do hope they can sort this out, even if it does mean price increases.

I had asked the question 5 days or so ago about how people were doing under the 3 week guarantee. I have another 2-3k cards I would send in, but seeing COMC is way way behind on those turned me off. Time to get energetic and toss them on eBay. COMC will never get them on

[gosanostra]

Originally Posted by dustin42

I am selling on there now. The design is for mobile devices and the buyer now. They are new and still building their site.

nice that they have offers. No non-sports by the looks of it though

[KingInTheNorth]

What is the current year 3 week timetable at? I'm months behind and have grown tired of waiting.

[shrevecity]

Originally Posted by KingInTheNorth

What is the current year 3 week timetable at? I'm months behind and have grown tired of waiting.

From most reports its closer to 3 months than 3 weeks.

[3rdpedal]

My sales have been way down over the last 3 weeks. I'm new enough to COMC that I'm not sure how much of this is a market indicator vs a regular seasonal slow-down, but running sales hasn't increased sales, that's for sure.

[obzezzed]

Originally Posted by JustinVerlander07

I have probably (and this is small compared to others) at least 2k cards I could/would send in under the 12 week submission status.

Amen. I have close to 10k cards sitting here, most falling between .75 - $2, that I am waiting for the 12 week submission.

When (and if) it opens back up they are going to get slammed.