Need a bit of help wanna get into games as a business

[Niode]

Three words.

Buy
In
Bulk

Buy bundles of games from ebay/classifieds/craigslist. My friend does this all the time (apart from craigslist as we don't have that in the UK) and makes a profit by reselling on ebay.

[Budsmoka]

I plan on being like gamestop making my money mostly off of people trading in. I'm only going to be buying from gamestop when they have 25% off deals and buy 2 get1 frees and thats only if its a good deal other than that I'm going to use craigslist, thrift stores, and garage sales.

[noiseredux]

Don't buy your inventory from Gamestop or any other retail store. You will be sure to loose money spending that much up front on your stuff. Keep a close eye on Craigslist and Yard Sales. Even put an ad on Craigslist or in your local paper saying you pay cash for used games. Never pay more than 25% of what an item can be sold for.

This is what I was going to say.

[Budsmoka]

yeah come come december when I get money for my birthday and christmas I'm going to put a buying add on craigslist.

[Budsmoka]

Anyone here know how hard it is to get a business permit in California?

[Luke]

I plan on being like gamestop making my money mostly off of people trading in.

I wish you nothing but the best of luck, but this sounds like a bad idea. I'm not 100% sure, but I think gamestop makes the majority of their money off of reserves and the selling of new games and consoles, not off of trade ins. That's just an assumption, and I'm not sure if that information would be included in their annual report. I'm sure they sell a lot of used games, but I would bet they make the bug bucks on newer games.

I'm sure all information about business licenses in Cali can be found somewhere at www.california.gov

[dlmvii]

yeah come come december when I get money for my birthday and christmas I'm going to put a buying add on craigslist.

Ummm...I think if your source of income is currently your birthday and christmas...maybe you aren't financially ready to start stockpiling video games for a storefront.

[Jrecee]

yeah come come december when I get money for my birthday and christmas I'm going to put a buying add on craigslist.

Ummm...I think if your source of income is currently your birthday and christmas...maybe you aren't financially ready to start stockpiling video games for a storefront.

Lol I was thinking the same thing.

[Budsmoka]

yeah come come december when I get money for my birthday and christmas I'm going to put a buying add on craigslist.

Ummm...I think if your source of income is currently your birthday and christmas...maybe you aren't financially ready to start stockpiling video games for a storefront.

its not my only source of income its just a time of year where I get a ton of disposable money thats no big deal if I spend it one games. I don't currently have a job at the moment but I'm looking plan on calling places tomorrow and see whos hiring.

[Mod_Man_Extreme]

I plan on being like gamestop making my money mostly off of people trading in.

I'm not 100% sure, but I think gamestop makes the majority of their money off of reserves and the selling of new games and consoles, not off of trade ins. That's just an assumption, and I'm not sure if that information would be included in their annual report. I'm sure they sell a lot of used games, but I would bet they make the bug bucks on newer games.

Nope, GS makes 90% of it's money through used games, used systems and in store advertisements.

That ten cent trade in you get for the PS2 game that gets resold by us for $20 is a perfect example of how GS makes it's money.

MSRP also prevents us from pricing consoles any higher, and since for example that $99 PS2 costs GS $95 to buy from Sony we make about $5-$10 per unit sold and therefore cannot price them any lower without actually loosing money. The same applies to all new games and accessories as well.