Is your collection of old video games gathering dust? Or perhaps you’re a savvy entrepreneur looking for a unique and profitable business opportunity? Either way, you’re in the right place! We’ll reveal how you can turn your old video games into a lucrative side hustle or even a full-time business. So, get ready to level up your income!
Getting to Know the Market
Before we dive into the specifics, it’s important to understand the market for old video games. Retro gaming is making a comeback, with consumers showing a keen interest in classic versions of Nintendo and Playstation consoles from the 90s. However, these games are no longer in production and major retailers don’t keep them in stock at reasonable prices. This presents a unique opportunity for individuals and small start-ups to offer a better-priced inventory than Amazon or Walmart.
Buying Liquidation
Another strategy to make money from old video games is buying liquidation lots. Big name retailers like Amazon, Best Buy, and Walmart discount overstock, shelf-pulls, and customer returns. One of the best liquidation auction websites is Liquidation.com, where anyone can purchase retail surplus inventory assets. They sell a wide variety of product categories including video games, apparel, computers, electronics, housewares, industrial equipment, and even vehicles.
With the right investment and a little research, you can easily come out on top. Track a few auctions to see what they sell for and work out a scenario of where and how you would sell the inventory and what price you could charge per unit. Once you’ve completed your analysis and find a recipe that works, start bidding!
Buying Damaged Goods
Repairing damaged goods can be a very lucrative market if you’re savvy enough to figure it out. Often a ‘broken’ item might not be as it seems once you learn more about it. For example, a Playstation 4 console listed for sale on eBay as ‘as-is’ and ‘bad disk tray’ might actually be in working condition, with the only problem being the disk tray will not pop out. With a little bit of effort, you can resolve the flaw and sell the console as refurbished.
Where To Sell
Once you have your inventory, you’ll need to build an online presence to establish your company, prices, and superb customer service. Platforms like Shopify, WooCommerce, Big commerce, Amazon, and eBay are great places to start. Each platform has its pros and cons, so it’s important to choose the one that best fits your business model and goals.
Tips For Selling Online
When selling online, it’s important to follow a few guidelines. These include researching the market, taking pictures of your products, providing a detailed description of each product, providing multiple payment options, and being professional when dealing with clients.
Scam Prevention
Finally, it’s important to stay safe online and avoid scams. Ensure the supplier has an extensive online presence, avoid items priced too low, look for supplier professionalism, and use customer-backed payment methods.
Game for Gold
Now that you know where to find quality wholesale video games, understand the most-popular eCommerce platforms, and can display world-class customer service to your customers, it’s time to turn your gaming passion into profit. Start brainstorming what options would work best for your business and create your own brand name.
