Saturday, 22 November 2014

Video Game Trading Equals Big Business

Video game trading is a matter of taking your old games, be them for old gaming consoles such as the Nintendo classic or first version of the PlayStation to the Xbox 360 or PlayStation 3, and exchanging them for either cash or more games. This practice has been around for quite some time starting back when we were kids and would take the games in our collections that were older and played a lot and traded them to our friends for the games they no longer required the ownership of. This prevented us from having to spend a small fortune on new games when they came out and if you owned multiple systems it really bolstered our possible selections.Money is very important. It's even more important to big companies.
Corporations thrive on the little guy needing exactly what it is they want. Companies who are in the business of retail operations are left with surplus merchandise, the stock that just doesn't seem to go anywhere. It takes up space on the shelves where other product, product that could very well sell, could be sitting. This is stagnant money flow and keeps it tied up in product instead of being inside the cash register. The gaming stores are tough businesses to be in. There are many avenues that sell video games and video game systems as well as peripherals including Target, Wal-Mart and hundreds of stores in between. But if you walk into any of those stores with a game in your hand and make your way back to the electronics department and ask the guy behind the counter to kindly give you a game in the case in exchange for the game in your hand he'd laugh at you and you'd wind up thrown out of the store. Video game trading isn't much of a science. You have a game or games that you do not want.
Someone you know has a game you do want and, lucky for you, they happen to want the game that you no longer have a use for. So you trade and everyone is happy. This is the same thing that stores like GameStop, EB Games and Game Crazy do. They have all these old games they procured from the inevitable sources such as game store closings, warehouse closings and buying useless back stock. The games are pretty much useless. A lot of them no longer work so they spend a little time cleaning up and deoxidizing the chips inside the plastic. Now they have a veritable license to print money. The games are originally purchased for pennies on the dollar. Old accessories and peripherals round out their used goods. They also carry the usual full line of new games and accessories as trading is only part of their game giving the buyer an opportunity to purchase larger ticket items.Your game isn't worth much really. They usually will allow you to trade in two to five games at a time for store credit, $1.00 or $2.00 a title depending on the system and condition. They've just increased their inventory of trade and sell stock while losing about 1% of the profit off a new item.
You get more money for trade-in value than discounts on new. It's the same principles that the car dealers use. With new cars they make maybe $400.00, but if you've traded in your Cherokee, blue booked at $4,900.00 for roughly $2,500 they'll lose $800.00-$1,000.00 on the new car but will sell the traded-in car for around $6,800.00 making them nearly $5,000.00 and if you decided to finance they make more off of interest.So when you take your old games into a corporate branded store you best be prepared to be saddened by the lack of exchange you'll get for the game. Instead look on-line in message boards or other sites for video game trading. I'm sure you'll do much better not going toward the corporate gaming community. 

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