Wholesale Video Games Business – Industry News
Looking for a profitable wholesale video games eBay business experience? There are literally thousands of re-sellers in the search of wholesale games for immediate 10-20% profit for re-sell at auction sites. A modest profit could be 10-20% at auction sites depending who is your buying source.
Now, there is a massive confusion of the realities of re-selling for consistent profits and providing a dropshipping service to your clients.
Can you really profit from video games dropshipping on the Internet? The reality is why would you want to dropship a $20-$40 game or accessories when there would be shipping and low processing fees by the dropshipping source? It does not make sense, it is not viable for investing in it and it is definitely not worth your time. What kind of profits can you expect out of the sell of ps3 consoles when buying them in bulk from a distributor?
There are still many countries that cant receive such consoles yet because of trading agreements between countries, Sony has not established distribution agreements in such countries. Adding it in better terms – many buyers are no longer interested in the shopping mall reservation race.
What kind of profit to expect? Compare your suppliers price to the Amazon store offering and you should be able to reason if it is viable to sell PlayStation 3 at any auction. Even if the PS3 is currently selling at record lows at $400, it is still sellable and profitable on eBay. Proof can easily be found for less than a 5 minute auction ending final price. I mean, there is just a wide range of people that cant buy the PS3 yet, easily.
You should be able to spot 80gb PS3 selling at $494.00 and even more with shipping and handling being in the high $60.00 range, when shipping could easily be free with UPS. There is surely a reason for that, right? Moving on.
Reality for many of us, you can make money out of the sell of video games, big period. In fact, you can make a decent living out of the sell of wholesale merchandise, it will all come to the vital point of your market positioning as there are currently too many options from point of sell. A good one to think about, what kind of experts am I getting my questions answered and what actions am I taking to fulfill customers demands?
Another one, what type of an industry are we looking at in the wholesale video games and general games industry? Well, according to the NPD group 2007 sales reached $18.85 billion in sales last year. That is yet another record year for such an ever growing industry.
That is a 28% increase in sales from 2006! Software consoles sold 153.9 million alone that adds to a handsome $6.6 billion in sales. While it is an option to enjoy selling tangible items on eBay, with an Internet mall or just out of the sell of your local flea market, the video games industry should keep growing every single year in records.
All the industry sales record where later on released by the Entertainment Software Association, the ESA. Research is available all over the net with such name. The facts are all over. Another two important points I want to remember.
What kind of traffic are you getting to your auction sites and online store? Are they targeted customer with specific wants or are you getting just getting compulsive buyers looking for price savings? eBay is just one of the great places to drive targeted potential buyers of your games.
There are many more. You should keep doing your diligence on the wholesale video games business before starting any kind of investment. Trust no one and if you do want to trust, get enough facts about him or her!