10x Your Real Estate Commissions
In order for any business to be successful, you need a few basic things. You will need a plan, something to sell, and customers to sell it to. You will need all of these things to start a video game business on eBay.
First, you should plan out the type of games you want to sell. Will you sell whatever is popular, or focus on a specific console? Knowing these things will help you to know your customers, which allows you to reach them better and make them more likely to buy.
Another part of planning is knowing your competition. Obviously you won't have the benefits of being a big company like Best Buy or Amazon. You have to give customers a reason to buy from you, which may be as simple as having slightly lower prices than retail or special bundle packages. Be creative with your ad titles and content.
Once you decide on what you want to sell, you need to get in touch with a video game distributors. There are two main types of distributors that you can use to sell games on eBay. Video game wholesalers will sell games to you for much lower than retail pricing. This allows you to resell them and make a significant profit. However, part of your profit will go towards paying shipping costs, listing fees, and any other costs of your video game business.
Video game dropshippers will ship the games directly to your customer. With this method, you list the game on eBay for your retail price. After someone buys it, you pay to have that game shipped directly to the customer. Your costs to the dropshipper will be much lower than your eBay selling price, allowing you to make a profit without any upfront risks.
This is a more convenient option for most people even though the profit is slightly less than buying from wholesalers. When using a dropshipper, you will never have to handle shipping and you don't risk losing money if no one buys the game.
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