Eric Michael is the CEO of Major League Profits, a company that teaches you how to make money with sports cards.
“But I’m not talking about opening up boxes and packs and praying that you get something good,” Eric says.
“Because, I’ll tell you, in the long run, you will lose a lot of money doing that. There’s a reason these companies like Topps and Panini make hundreds of millions of dollars a year. Opening up packs is no different than gambling at the casino,” he warns.
“I’m also not talking about investing in players long-term,” he continues.
“Because the reality of sports is most players end up failing. I’ll give you an amazing statistic. Fifty percent – half, yes half – of all NFL quarterbacks drafted in the first round? Are out of the League within five years. Okay?”
“So scouts, who spend their whole lives, and dedicate everything to this, and have hundreds of millions of dollars at their disposal, can hardly predict who the next big players are gonna be. So how can you?”
Makes sense. But wait, are people still into sports cards? I vividly remember trading baseball cards with my childhood friends – we loved it – but I can’t say I’ve thought or heard about them since. Is there still a market for this?
According to Eric, yes.
In 2019, the industry was valued at about $14 billion. By 2027, it’s supposed to reach $99 billion.
We’re still in the early innings.
Mark Cuban and Kevin Durant are dumping money into a sports card auction firm. Gary Vee’s a believer. As is Drake. Wall Street’s starting to throw money at it.
Okay, say you’re right, Eric.
You said ripping open packs and praying to the card gods isn’t the move; so what is? Grading.
Which is just what it sounds like. Cards are given a grade based on the overall condition, taking into account corners, edges, surface, centering, and so on and so forth, right?
Now say two people have the same Anthony Edwards rookie card. (He’s an NBA player for the Minnesota Timberwolves.) One’s not graded. The other is, and it came back as a perfect 10. Which is worth more?
Easy answer, right?
Eric showed how that exact scenario recently played out on eBay. The non-graded Anthony Edwards card sold for $193.19. The same card, graded a 10, sold for $841 on eBay.
“So if you could predict and know how to evaluate the condition of a card,” Eric explains, “you could make massive returns.”
“There’s no other business on this planet where you can take an asset and double it or triple it within a couple weeks or a month.”
“This process does not take long at all. You just need to know how to do it.”
Imagine buying three cards at $300 a pop, Eric says. Your total investment is $900.
Obviously, you picked three that you “graded” yourself as perfect 10s. Eric breezes over this part, but from my understanding, you now have to get a third-party company to officially grade each card. And you’re gonna be right about 70% of the time.
So say they come back and two were declared 10s and one was a 9. On the 9, maybe you sell it at break-even. But on the 10s, say you profit $700 total between the two of ’em.
Not too shabby, huh? That’s, what, 78% on your money?
And if you do this weekly, and you’ve always got cards coming back to you, graded, well, now you’ve got consistent cash flow.
Don’t worry, there’s a lot of rich and famous people who’re willing to pay a premium for the cards they want, Eric assures us.
If you’re savvy and know how to work the market, there’s monstrous money to be made.
No word on what Major League Profits costs, but if you don’t net at least $3k per month from what you learned, you can get a refund.