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- 1989 Upper Deck releases a new line of Trading Cards
- Looks to be a huge opportunity for those that can move fast
- Very tough to become a distributor but…
We see and seize the opportunity. This was probably our first Tollgate deal and was just done on dumb luck. We knew a buyer at Walgreen’s who wanted the cards but for whatever reason didn’t know how or where to purchase them. We went straight to Upper Deck in San Diego and set up a distributor account. We purchased a small truckload directly from the factory using someone else’s money. We knew a wealthy investor who put up the money to make the first purchase for a 10% return for 30 days. As part of the deal with the Walgreen’s buyer he provided us with the names and phone numbers of other buyers he thought would also be interested in purchasing cases of cards. So on our trip back up to Northern California we stopped and sold the entire load to other Walgreen buyers. By the time we got back to Northern California we had sold the entire load. The investor was paid back his original capital plus 10%. We then went back to San Diego and purchased a larger load using our money this time. We sold that load and few more to Albertsons and other drug chain stores. Total work was about 60 days and we netted a nice 6 figure number all for a few days work.
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