Thursday, July 19, 2012

Video Game Business

The reason why most people want to start a video game business is because they want to make money online selling games. There are millions of gamers out there looking for games to buy, and billions of dollars in profit are made each year. In fact, more money is spent on consoles and games than on the movie and music industries combined.

So how can you get a slice of that profit? If you want to start a business selling games, first you need to select a "niche". What kind of games will you sell? Will you focus on a specific console, or a specific developer? Knowing the answers to these questions will help you on your way to becoming an online game seller.

Once you decide on that, you can begin looking for one or more video game wholesalers. Think about what actually goes into making and selling games. There is programming and testing, but the buyer only pays for a few dollars worth of material. There is a disc, a case, and a manual. When a retailer wants to sell video games, they buy them for closer to what the materials are actually worth. Then they increase the price and keep the profit which can be over 100%.

To become a video game seller, you take the place of the retailer. You go directly to the video game supplier and buy games at wholesale prices. Some suppliers will even process payments and ship out the games for you. The process is actually really simple, but few people know how to get in touch with these game suppliers and wholesalers.

That's the hardest part of starting an online business selling games. The rest is surprisingly simple. The online gaming market is always hungry for more, and there is always something new to sell. After you have a supplier, there is nothing stopping you from making hundreds of dollars every week. You can list your games on eBay, Craigslist, your own website, or any other place you want. You can even expand your business offline and start selling video games for a living. Doing this can get you "industry affiliation" which will get you into gaming conferences like E3.

I spend a few hours every week maintaining my own online video game business. In return, I make anywhere between $100 and $500 worth of sales per week.

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