MoneyMagpie

Dec 18

How to make money from Star Wars

With the recent release of Star Wars: The Last Jedi, fans of the cult film classic are no doubt dusting off old memorabilia and reminiscing about favourite moments and characters.

Spanning four decades, a remarkable amount of collateral – from movie posters to action figures – has accompanied this legendary series of films… some of which may be very valuable right now.

In the light of this, we explored some ways to cash in on the revival and make money from Star Wars.

 

Action figures

According to research conducted by PromotionalCodes.co.uk some of the most sought-after vintage figures (dating back to the 1970s and ‘80s) can sell for close to £30,000 each.

Last year, in fact, a rare Boba Fett figure from the 1970s – still in its original packaging – sold for £26,040 at Vectis Auctions in Teeside.

Prior to this, Vectis also sold the following toys:

  • A mint condition 1977 Jawa figure for £620
  • A 1980 Yoda in its original packaging for £320
  • An R2-D2 toy for from the 1980s The Empire Strikes Back for £750
  • The ‘rocket firing Boba Fett’ figure is considered something of a ‘unicorn’ and one such toy sold for £18,600

Darren Williams from PromotionalCodes.org.uk says that more than 300 million Star Wars action figures were sold between 1978 and 1985, so there should still be quite a lot floating around in people’s possession. Perhaps even in your attic!

As for which could have the most value, Williams says it’s hard to predict but that it helps when the toys:

  • Date back to the 1970s and ‘80s
  • Come in their original packaging
  • Are still in mint condition

He also mentioned that the very first versions of Luke Skywalker, Darth Vader and Obi-Wan Kenobe, which had “double telescoping” lightsabres are highly sought-after. So is the ‘small head’ version of Han Solo, which was taken off the market for not having a close enough resemblance to Harrison Ford.

Even if you don’t have these rare action figures, you are bound to make a quick buck or two with whatever you have on eBay.  

 

Limited edition LEGO

Star Wars lego men

Similarly to the action figures mentioned above, there are a number of extremely rare and highly sought-after Star Wars LEGO pieces floating around.

According to eBay these are the 5 rarest figures you should dig through your collection for:

  • Gold Chrome C-3PO: LEGO marked the 30th anniversary of the first Star Wars movie in 2007 by producing 10,000 gold chrome minifigures of C-3PO. The company sealed each figure in a white plastic bag and then randomly inserted them in Star Wars play sets.
  • 14 Karat Gold C-3PO: A much rarer version from the same year is real 14 karat gold. There are only five of these valuable figures in existence. According to Mental Floss this figure can go for between $350 – $450.
  • Boba Fett: Only one version of the Boba Fett minifigure features printed arms and legs. According to Mental Floss, this figure can go for between $150 – $185.
  • NY I <3 Yoda: In May 2013 Toys ‘R’ Us in Times Square gave away an exclusive Yoda minifigure wearing a ‘NY I love’ t-shirt with purchases of an X-Wing construction set. There was a limited run of just 1,000 pieces. According to Mental Floss, this figure can go for between $200 – $250.
  • Chrome Black Darth Vader: In 2009, LEGO celebrated 10 years of LEGO “Star Wars” construction sets by producing a limited edition Darth Vader minifigure. The company randomly inserted this piece inside LEGO Star Wars sets to delight lucky purchasers.

Check out the 5 more rare Star Wars Lego figures on eBay.

Once again, even if you have more commonplace Star Wars minifigures, but they’re in mint condition and still in their original packaging, you can put them on eBay for a few extra bucks. The average price point seems to be around £9.50.

Read more about making money from buying and selling LEGO.

 

Cosplay

Darth Vader Cosplay

If you’re a Star Wars super fan and love cosplay, you may even be able to make some money by visiting comic conventions and dressing as your favourite character.

While you won’t make any money from just showing up in your Star Wars attire, there’s always a chance that an influential agent might spot you and offer you the opportunity to represent a booth. From here, you could work at becoming a regular fixture and may even end up becoming a professional.

According to FOX411, popular professional cosplayers can make at least $5,000 to $10,000 (£3,745.50 to £7,491.00) a show. Some of these professionals even charge between $20 and $30 (+/-£15 – £25) for a selfie with fans.

Find more about making money from cosplay by reading this recent article.

 

Hosting a Star Wars-themed event

Star Wars Themed Cake

Finally, in celebration of the newly released film, you could always host a Star Wars-themed party and charge a small cover fee.

Of course, if you’re considering doing this, you will probably have to host the event somewhere other than your home.

Find a venue people won’t mind paying to get into, book a good DJ/band and you should be all set.

Since you’re wanting to make a bit of a profit from your event, be sure to work that into your cover charge per person. You can even try getting a few sponsors on board (perhaps for drinks) to help cover costs and add value to your guests’ experience.

For inspiration on how to run a successful event and make some money off it, read Sam Parr’s blog post about how he made $2,000 from hosting a Meetup. They sold 120 tickets to the event, but also put a good deal of effort into marketing, advertising and raising awareness. So, do keep this in mind when planning your Star Wars party.

 

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