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    1. Plunky97 is offline

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      #1

      Is the pre-owned video game business profitable?

      I have part of my store set up to sell used video games but I do not make a lot of money on them. Generally my profit margin is less than 10%. I sell pre-owned video games as a side item (my main seller is other more mainstream electronics), but I want to increase the profit I make on used games. Can anyone tell me more about what I should do to sell these games? Should I even bother selling used video games in my store if Im making adequate profit elsewhere?

      For reference, I sell games from every Nintendo console ever made, Sonys line of Playstations, and also Xbox, although, I dont stock much in the line of Xbox.
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    2. Rocky78 is offline

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      #2
      My main business is selling retro and used video games. You have to spend some time getting the right sources and doing research on your current demographic and how you might change your marketing strategy to attract those who would be interested in buying the used games that you stock. If you buy right and market to the right people, though, you can make some good money selling the right pre-owned video games. Do not let your stock sit around for long though – it gets stale quickly. You need to turn your inventory fast (in weeks).

      A few things you should keep in mind as to the kind of people who want to buy used video games:

      • The demographic you’re selling to are those between 15 – 35 years old. Despite the age difference, they all still want the same thing: Amazing games at an affordable price. Seeing as owning retro video games is now a huge fad amongst younger generations, you can absolutely get them to purchase video games for the original Nintendo, the PS1, N64 – basically any console you host.

      • To sell to this wide range of people, try to acquire old posters or cardboard cut outs that promote Mario, Sonic, Donkey Kong, Spyro, Ratchet and Clank, Final Fantasy characters – anything that signals that you have these types of games – and place them around your store. Make sure that they all point to where you keep your games. Once people are aware that you’re an affordable and well-stocked store from which they can purchase retro games, your video game sales are almost sure to increase.

      • If you’re still having trouble selling games and you’re serious about increasing your profit margins in that area of your store, market the games on your website, host a sale, advertise on your affiliates’ websites; I’ve had a sign spinner dress up as Mario or Donkey Kong and had them advertise outside my store before. It works remarkably well.

      The pre-owned video game market is very profitable, and can make up much more than 10% of your total sales. You just have to know how to make your product visible to the right audience.
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    3. Plunky97 is offline

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      #3
      Rocky78 – thanks for the tips mate! Any idea on where I could find old posters and such?

    4. Rocky78 is offline

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      #4
      You can look on ebay or possibly Amazon, or you could contact your wholesale game supplier and ask if they have any old promotional posters or items that they sell. The only place I’ve really seen that has genuinely retro posters is ebay, as the posters are well out of production.

      Or you could just search in Google for retro video games posters.

      As for the cut outs, besides my own store which houses my own personal collection from the 80s and 90s, I’m not sure what to tell you other than eBay.

      Hope everything works out for you!

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