Browse Month: December 2015

How I Built a Gaming Accessories Business and Made Over 100k

TV Shows like Shark Tank, and success stories from the Silicon Valley had reaffirmed our beliefs in American capitalism. Our entrepreneurial spirit is at all time high, and boy, it’s time to start that website, phone app, and online store to bring your idea to life. I did something similar a year and a half ago. Today, Wizardry Foundry is one of the top makers of premium card storage for Magic: the Gathering. I am going to share the story of Wizardry Foundry in this post, and will dive into some specific topics in eCommerce business over the next few weeks as well.

April, 2014, I was leisurely organizing my Magic collection with the off-the-shelf cardboard tube boxes. Even though I had been collecting Magic since I was 12, my collection didn’t really start to expand in size and value until recently (I got a good paying job, and I could afford to buy more cards). It dawned on me that it was absolutely ridiculous for me to sort and stow away my thousand-dollars collection in those silly cardboard tubes. Just as all entrepreneurs would say, “There must be a better way”, I pulled out my Moleskin notebook and sketched the first Grimoire concept – A box that makes collectors feel like a wizard.

The business opportunity might seem silly to outsiders, but it made perfect sense to a unique niche market like Magic: the Gathering. I did a lot of thinking about this business, and here were some of the notes:

  • The average value for a collection is about $5,000 – $6,000
  • Average players spend about $1500 to $2000 a year buying new cards
  • Some collectors have pieces that fetch upward of $20,000 ($27,000 Black Lotus found during live Magic the Gathering pack opening)
  • There is really only one player in the game storage – Ultra Pro, and it has been around for 20+ years, and it is currently making millions of dollars making plastic boxes.
  • There has been a huge gap in the market – there are storage for decks but there has never been a commercially viable, non-custom made large size deck box that can store up to 1,000 cards
  • The game format cube or battle box was gaining popularity and those game required decks that had more than 100 cards.

Those observation suggests that high end gaming box is a niche vanity market. Traditional business thinking would make any sense because there was no price to vanity – simply ask the question “why would someone spend $2,000 dollar a year on pieces of paper?”. The race was on to bring an artisan box to the market. The strategy was dead simple to me:

  • To make a box to hold 1,000 cards – there was not a single box that holds that many cards.
  • To design a family of them with different artwork so people would buy more of them.
  • To produce the deck box at reasonable cost so we could price it perfectly between $25 bucks (the time master series box) and $120 bucks (cube vault).

End of April, 2014, I setup my social media accounts, and boy, was I ready to bring this to the world.

“What is the name for the product?”, Yasu asked.

“Hrmmm, I didn’t think that far ahead.”, I said.

Yasu, my trusted friend and marketing expert, was just about to make our first announcement on Facebook, and we didn’t even have the name for my deck box.

“It looks like spellbook.”, I said.

“Ok… hrmm… call it Grimoire?”, Yasu asked

There! That was how the brand Grimoire was born. We had no inventory in hand, not even a factory selected yet, and we made our first post about the Grimoire Deck Box. The post was in the aether of the net for two days, and there was nothing. Yasu turned on the paid traffic ads and we started to receive massive number of hits. We made our first $10,000 dollars in less than 30 days and it was such a morale boost.

As usual, Murphy’s law got us, and our first production lot was delayed due to some quality issue with the lot. We had booked over $15,000 dollars worth of orders at that point. Some customers were patient with us but some were simply angry toward us. What could a software geek like me who knew nothing about eCommerce operation and manufacturing do at this point? I hired up and doubled down on my investment – I got extra customer service staff to man the email inquiries. I was sending weekly update to make sure my customers and I were connected. 30 days later, the first Grimoire was shipped and everyone was happy.


By then, I was already designing for the second edition design, and we started accept pre-order right when we started to ship the Alpha Edition. I believe my fans would treat the Grimoire as a collectible product, and the introduction of the Beta Edition was simply a test of my theory.

Let’s just say that the test was a success (the order volume was not even close to the Alpha Edition), and around 20% of the customer came back and bought from us again. What could be better than repeat businesses. From that point, we shipped the Beta Edition around Oct, and started to accept pre-orders for the 3rd Edition in Nov. We did a holiday sales on pre-order item. That was something….


Fun fact: UltraPro did release a large size deck box during the holiday in 2014 to challenge the cube storage market which we had cemented. That didn’t go so well….

Feb 2015, we shipped the 3rd Edition, and I had decided to challenge my competition. I noticed there were a few players creating deck boxes that hold 2-3 decks. The goal was to create a box which players could store everything they need for a game outing, a grab-and-go deck box. I decided to create the Grimoire Pro Tour line of product. It was a battle tested design – I was going to a lot of tournament so I pretty much built a box for my own tournament use. This time, I also did our pre-order a little differently. I created a whole new Kickstarter Campaign for this product!

The campaign raised over $10,000 in 30 days, and it was the most popular Magic deck box campaign till that day. I gotten praises and hate throughout the campaign, some of which were definitely constructive but some of them were just plain mean (learn to have a thick skin folks). The Kickstarter campaign was the launch pad for 2 more Pro Tour releases (Beta and 3rd Edition). Right after that, I also released a brand green themed product to create more options for my fans.

Wizardry Foundry was a fun experiment that made me over $100k so far. I could safely conclude that it was successful because the nature of the vanity niche market made it very straight forward to enter. While the market was straight forward to enter, it was also risky because there was no other customer segments other than magic player for me to pivot. For that, I was very grateful for the support from my gaming community.

Do you have a product you want to launch? What is the nature of the market? Is it general or Niche?

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Diving in the Cold is All Worth It

I got on the Peace dive boat with Eco Dive Center, and embarked on this fun dive adventure this weekend over at Channel Island. We gathered around the dock at roughly 6:30am to prepare our gear for the trip.


The boat ride there was pretty rough due to the big swell on the open sea. People were getting sick, vomit, praying that we would get to the dive site soon. The condition was not exactly perfect, and the captain took an extra hour to get to our first dive site.

Geared up, I dove into the ice cold ocean water. The shock of the cold water did not deter me. My dive buddy Keith and I were very set on finding the baby seals, and little did we know, a baby seal showed up and interacted with us the whole dive. Check out our video.

The second dive has —– LOTS OF KELPS.

Where is my FBA In-bound?

If you are an amazon FBA seller, you might wonder if LTL shipment might be cheaper than the lightweight carriers like UPS. I have recently faced the same dilemma. I experimented on both and lived (sort of) to have a tale to tell.

The Problem

I have about 250 units to be shipped to FBA so I am ready for the holiday rush. I have about 1 pallet worth of goods (around 400lbs).

The Decision

Moving these units via UPS will cost me the same as moving them via LTL carrier.  I opted for LTL carrier in this case.

The Horror

Everything was packed and ready to be shipped on Nov 2nd and the carrier didn’t really pick up the two lots until Nov 6th. My batch is split into two shipments. One of the shipment arrived and was received by AMZ in a timely manner which supported the holiday rush. Then the horror started.

One of the other shipments was just gone. No one really knew where it was and it surfaces up finally on 12/14. It took a good 40 days for one of my lots to show up at the AMZ warehouse, and because of the holiday, the lot is probably won’t get processed until 12/19. This is a bit disappointing because I need a reliable shipping partner for my business to be successful.


Honestly, it was a huge mistakes for me to risk 50% of my holiday inventory on an untested logistics vendor. I think the next logical question is when will using LTL carrier makes sense for small to mid size sellers? From a cost perspective, if you only have 1 pallet, it really does not make sense to use LTL because your pallet will be split into 2 – you might actually pay more for the shipment. Here is a break down of my back-of-the-napkin calculation.

1 Pallet – Bad idea
2 Pallets – You probably will break even with UPS depending on where you are shipping
4 Pallets – You will save a little bit more money
8 Pallets – LTL for sure…