How Hatchimals Made These Men Rich

Posted: Nov 23 2016, 3:40pm CST | by , in News | Toys

 

How Hatchimals Made These Men Rich
Credit: Spin Master
 

Hatchimals are pretty much the biggest thing around in today's world. They are furry, interactive creatures that live inside of a large, hard-shelled egg. The reason they are so popular is because they self-hatch, breaking through the shell after they have been played with for some time.

Mike Zappa found out about Hatchimals from his 10-year-old daughter who loved them since early October when Spin Master, a toy maker, revealed their toy.

"She told me she really wanted one for Christmas," said Zappa, who works with real estate in Phoenix. He searched for them on Google and found out about the toys, and then knew. "I had a hunch it would be a big hit for the holidays," he said to CNN.

The next day, Zappa and his brother Stan drove to different stores and about $5,000 worth of Haatchimals, about 100 of them.

"We took a big risk with our money and we were right," said Mike. So far, they've sold 30% of their Hatchimals stash on eBay and have recouped.

They started the pricing at $60 and then let people bid it up.

 "People are bidding as high as $190 to $200 for these," said Mike. "The market value will only go up closer to Christmas."

Of course, it was all a risk on a hunch, especially for a single father of two.

"At the end of the day, $5,000 is a lot of money," said Mike. "We were hoping and praying that this was going to be the next big toy."

In fact, their families tried to talk them out of it.

"Three weeks ago there wasn't one person we knew who thought this was a great idea," said Stan, who operates his own pest control business. "Even our father called us idiots. Now they can't believe it."

Of course, their luck has brought some naysayers from people who are having a hard time finding even one Hatchimal.

"We were expecting this," said Mike. "But we also took a risk. We didn't break any laws. And we aren't dictating how the market is pricing the toys on eBay. What we are doing is capitalism at its best."

Stan is using the money to get a new sofa, and Mike is putting it into Christmas gifts.

"This is going to help my kids have a good Christmas," he said.

If we had to guess, we bet there'd be a Hatchimal or two under the tree for them.

This story may contain affiliate links.

Comments

The Author

<a href="/latest_stories/all/all/46" rel="author">Noel Diem</a>
Noel passion is to write about geek culture.

 

 

Advertisement

comments powered by Disqus