Are you a video game enthusiast? Are you knowledgeable about trending video games? If yes, then you can make money by learning how to buy and sell used video games online.
Used video games are getting a lot of attention these days. This is due to the fact that video game consoles and CDs are very expensive. Buyers hit by the harsh economy are looking for cheap deals, and more retailers are starting to accept game trade-ins.
If you are looking to start a risk-free business that requires very low capital, then buying and selling used games might be the way to go. This business is becoming more lucrative by the day because more video gamers are opting to buy used video games rather than the far more expensive brand new ones.
So if your interest in this business is rising already, then continue reading. In this article, you will learn the most important basics about the video games recycling business; how to buy used video games and how to sell them for profit.
How to Make Money Buying and Selling Used Video Games Online
The very first step in this business is to know everything you can about video games. There are a lot of game consoles to choose from ranging from Sony PSP, PSP Vita, PS2, 3 and 4, Nintendo, Microsoft Xbox, etc. but most important is that you must be aware of the trending game and make effort to buy it and resell it.
How to buy used video games online
Used video games are not hard to find, if you know the right places to look at. In order to keep your business alive all the time, you must constantly look into new places. There are several sources of cheap, used video games, but the following are some of the best places.
Craigslist, the world’s largest classified ads website, has a whole section devoted to video games. Although many of the posts you will find are for newer games and consoles that will earn you only little profit, there are still many cheap offers that can earn you fat profits. A good idea is to check Craigslist daily, so that you don’t have to scroll back to check what you have missed. Try to be among the earliest visitors because there are many smart scouts.
You can find many broken systems available for sale on EBay and these consoles sell for very cheap prices. All you need to do is buy these broken units, have them fixed and sell them at higher prices. The best deals usually come with NES systems. You can find a large NES console selling for $10. You can fix the faults for another $10, putting your total investment at $20. Such a recycled unit can sell for $60 or more, leaving at least $40 profit on your table.
3. Flea markets
Though overlooked, flea markets are good places where you can find used video games at cheap prices. Some flea markets are better for used games than others. Usually, the smaller they are; the better deals you will find. For this reason, flea markets in small towns are usually the best places to check when hunting for cheap offers.
4. Friends and relatives
Chances are that you have friends and relatives who are gaming addicts. Most of the time, these gamers sell their used systems to stores at very cheap prices. You can tell them that they should sell to you instead. They can even link you up with other gamers who sell used games frequently.
5. Check popular forums
Most broad niche popular forums have a gaming section. An example of such forum is Nairaland.com, the biggest forum in Nigeria. You can also check out other country-based forums as well. You will surely find good deals buying directly from gamers. Having looked at how to buy used games at cheap prices, let’s now discuss how to sell them at higher prices.
How to sell used video games online at great prices
After buying used video games, you have the option of repairing them before selling them or selling them without doing any fixing. Usually, repairing them would fetch you more profits. Either way, here are ways by which you can sell used video games online and earn good profit:
Yes, you can buy used games on EBay and still sell them there even without repairing them. You will always get buyers who are hunting for broken or faulty consoles, game controllers, and so on.
Amazon doesn’t accept broken or faulty items. So, you can only sell used games on Amazon after you have fixed them. There is no picture required, only a condition ranking. But you should be as honest as possible. Only sell games that you can sell to a friend or relative.
You can sell used video games on Craigslist, whether you have fixed them or not. Just as you can find sellers on the site, there are many buyers too, who would eagerly pay your prices. So, you can make profits from a broken console even without repairing it.
4. Sell to game stores
This doesn’t bring much profit because game stores don’t buy at high prices. However, you can consider them when you need some quick cash or you are finding it hard to sell your games elsewhere.
5. Friend and relatives
Just as you can buy broken games from your friends and relatives, you can also sell to them. But it’s advisable that you have the systems fixed before selling to your friends or relatives. Better yet, tell them upfront that the product is faulty and needs to be fixed.
Having learned how to buy and sell used video games, you can start right away by hunting for broken systems on sale for cheap prices.