Whether you’re looking to resell classic games or newer games like PS2, PS3, Xbox, or Wii, there are some simple tips to help you make your wholesale video game purchases on eBay profitable.
Tip No. # 1 Know the average selling price of sets of different systems. For example, if you were looking for large batches of Nintendo NES, you should know the average price of games for the NES. Make sure you don’t bid so much that you are no longer making a profit. By going to the advanced search feature within eBay and clicking on the “Completed Items” option, you can search for auctions that have ended and see which items were sold and for how much.
Tip No. 2 Look for small to medium size batches, usually the quality is much better. Batches with thousands of items will attract a lot of attention and probably end up being overpriced scrap leftovers. In my experience, sellers with large lots tend to target those new to eBay selling looking to buy a lot of inventory at once.
Tip # 3 Look at the seller’s profile. See if they are video game sellers themselves, if so, their lots are probably leftover inventory that they were unable to sell. Unless you have a different sales strategy, stay far away. The person you are most likely to get a deal from is an average person who sells their game collection for some quick cash.
Tip # 4 Look for quality titles. They don’t all have to be weird titles, but they are some that you should steer clear of. The main one is sports titles, face it, nobody wants to play Madden 93 anymore. Why would they when there are so many better soccer games available? Also, stay away from movie-based games, most of them are terrible with a few exceptions.
Tip No. # 5 Look for sellers with the best offer enabled. Even if the Buy It Now price is high many times over, you can negotiate a price that will make both of you happy. Remember that wholesalers cannot expect to get full price for their lots and you, as a reseller, will have to pay more in shipping costs and eBay fees than a wholesaler when negotiating, don’t be afraid to drop a price. The worst thing they can do is reject it and leave a nasty message and who knows, you might get robbed.
Tip No. # 6 Look for wrong descriptions. Sometimes a lot is overlooked because the seller has not described it very well. You can search for these types of batches and just send an email with any questions you may have. Another example is when a seller does not describe what games are in the lot, but simply takes a photo of all of them. Many buyers will not bid because they will not take the time to look at each set in the photo, leaving you with a bargain.
Well, those are some of my tips for finding good wholesale deals on video game lots. I hope this helps.