What is going on Amazon sellers or hopefully soon-to-be Amazon sellers, my name is beau crabill
And in today's video I will be discussing and showing you how I am making $1000 a day by selling video games
Now what I want to discuss through this video is going to be the following
I'm gonna explain to on why selling video games online is a good business
What types of video games can you sell?
typical margins you can kind of expect with video games the difference between selling video games online and in-store I'll be talking about
What about consoles and accessories? How much money do you need to actually get started with selling video games where to go sell video games?
Exactly how I'm making over $1000 a day by selling video games and how you can get started
With the process of selling online or selling video games. So what are we discussing throughout?
This video is me selling on specific platforms like Amazon eBay and Walmart
If you don't know how to sell on Amazon or Ebay or Walmart, that's totally fine
My youtube channel is all about that
You can feel free to check out and subscribe to my youtube channel to learn more about that
However, what I want to discuss right now is why video games?
So the reason why video games is a good category or good products to sell is for multiple reasons
So on my youtube channel
I talk about making sure I'm selling inventory that is consistent and I can sell all
Year round I'd much rather have a source of inventory that I can sell
365 days out of the year that does consistently well instead of some products that do amazing
Just for the holidays or just for one season
I like to definitely have my business be as passive as possible and very consistent and video games fit that category
Because there's always video games being made. There's always new video games coming out. There's always gonna be demand for them
I guess a good example for this is comparing it to like mac books or computers
Let's say if you wanted to go sell some Apple Mac books, right?
Yeah, Mac books, definitely sell all year round, but there's not really a large selection from them
So they're both in demand all year round. However, I'm also wanting to go for a wide selection
And the reason for that is so I can actually scale it up
So if you take Apple MacBooks, for example, there will be MacBook Airs the MacBook Pros and there's like desktops
There's not really a wide selection from them with video games. There's tens and thousands of different video games out there
I mean just look how many publishers are out there Warner Brothers Bandai right Nintendo
There's so many different publishers that are always making new new video games
you have a new NBA 2k game that comes out every single year a new Madden game that comes out every single year whether it's
Like Mario Party 9 now and Mario Kart 12, it's always new new video games coming out
Which is I really like about that
Now what I want to discuss is about the types of video games I'm selling and where I'm selling them at
So obviously I'm selling any type of Xbox Playstation Nintendo games, right? We all understand that switch games and
Where I'm selling them on our eBay Amazon and Walmart. That's how I'm making the money and selling it
That's where my customers are buying from. Can you so on your own website?
Yeah
I think believe it's much easier to sell on Amazon eBay and Walmart just because that's what consumers are already going and they trust and
Theirs I'd say two avenues to go about with video games
You can be selling used video games or new ones and that just going to depend on how you're sourcing our inventory sourcing use video
games, obviously
The routes of going about that is you can sometimes buying bulk of the used video games
Maybe you just have some laying around or you hustle out like on Craigslist to Facebook marketplaces
Or maybe you own a retail store that sells video games to accept trade-ins if you plan to sell those online
If you're a brick and mortar store, you want to go sell your used video games. I would highly suggest looking into eBay
Can you sell them on Amazon?
Yeah, Walmart, not so much but eBay is going to be the ideal platform from that reason
I liked some used video games as well. It's simply there's large profits with that
I mean kind of discussing more about using new video games
But where I actually do most of my sales for selling video games is actually off selling new brand new
Sealed in the box in the plastic selling them on Amazon. So Amazon is a platform. It's a pretty much an online shopping mall
People are looking for new products and Amazon will prefer sellers who are selling new
So now we have that clear. Now. What I want to discuss is the difference between
selling in online
So selling video games online and in store and this is actually be a good segue into when I get into
What are the best video games to sell so to?
Understand this the whole industry of video games if you take Gamestop
For example what their business model is is they're selling new games to believe the new releases
So if Madden 19 comes out this month, they're going to be selling that. However
most their profits are not actually coming off of
selling new
Video games new releases so they're not gonna make much money selling the new matter but where they're actually gonna make the money is off
the
use games they're selling and how do they get there use games off the trade-ins of the new releases they sold so let's say they
sell
1000 madden 19 video games for xbox the Wii or the switch and
PlayStation right and let's say three months down the road
kids are bored playing with them now football season's over with they go trade them in and
Now, let's say you can probably go buy the madden at 19 for maybe
$40 used gamestop is probably going to accept it for $10? So they're gonna accept it for $10 go flip around for 40
that's where they're gonna go make their profits because if they're selling a new game for
$59.99 keep in mind they're gonna have a merchant account fee
So to accept a credit card, they're gonna have anywhere between a one and a half three percent fee. They're gonna have employees
They're gonna have rent in their store and their profit margins to off that new release is not very good
They're most likely buying it for 51, 52 if they're lucky
$50 off that video game. So at the end of the day, they're not making their parents breaking even off that new release
But they're gonna make their money off the use games. So what does that to do with you wanting to sell video games online?
Well that opens up a lot of avenues for sellers selling online because Amazon remember what I said this Amazon prefers
sellers selling new conditions of products
so
There are video games where?
The best video that I noticed seemed to sell is not the new releases because you're not gonna make any money selling those
Online because you can have shipping fees you have amazon fees so you can throw out new releases
however, where there's typically profits to be made is off video games that are selling anywhere from $15 to
$45 range
And they came out as early as three months ago or even up to two
Four or five ten years ago and selling them in new condition
Now many people watch you offer those at wholesale level as I'll talk about that later
But those would be the types of video games you want to be selling?
so now before I get into on exactly how I am making my selling these video games and
Explain to you on how you can get started with this
Let me explain - a couple things one is going to be about what about consoles and accessories?
So yeah, you can make money by selling consoles and accessories online
I've done it I make a good amount of what he's selling consoles just like this all the time
If you want some consoles, just let me know and I can send you a link to get your consoles for cheaper
However with that there's definitely a higher entry level for them
And usually if someone's beginning to sell online, I don't really recommend getting into the accessories and console category
There's a lot of upside to it. But typically there's a lot more money involved
to starting out with say for example
You have to buy ten of these to even make an order with the supplier you're looking at around
$2,000 to even get 10
consoles and there's gonna be
Sometimes a little lower margins with them as well. But there's definitely other avenues - I'm not gonna get an ad
That's more advanced topic which I would discuss later
However, now what I want to discuss is about the capital needed to start selling video games
so this is another reason I'm making this video and kind of giving you kind of very easy beginner steps to go about but
with video games I would say it's a category and
Actually made a YouTube video on breaking down like the best categories to sell on Amazon and that was really good video
Got a lot of good responses, but with video games
You can definitely get started with a pretty low amount of capital. I make orders all the time of a few hundred bucks
$250 and if you have a thousand dollars or so you definitely get started with video games
So now what I want to discuss with you is the process that I go about
With selling video games and how I'm actually making money with them
So what I do is I figure out what's a good video game to sell. I source those video games from suppliers
And these are the same suppliers that happen to also sell the gamestop Best Buy Costco Walmart buy from them
In my Amazon courses I go over on how to get your account set up with and how to go find suppliers
I'm not gonna discuss discuss about that in this video, but if you want to learn more about that, I deaf we
Go over my Amazon course, but however, I work with the suppliers and I build relationships with them
That's also something I talk about my Amazon course about building relationships
That's me another important factor
But I get access to their products and get their
Prices and then I buy them in bulk. And then I send them to an Amazon Fulfillment Center
so the reason why I do this is because when you're selling on Amazon
What happens is you can fulfill your inventory in two ways
You can ship it yourself
Or you can on Amazon to ship it for you as I told your own in this video. Amazon prefers sellers selling new right?
They're also gonna prefer sellers that are allowing. Amazon to do the work for filming through FBA allowing them
You put them into their fulfillment center. They ship out and give you prime shipping
So I do that and repeat the process and that's really it and the margins I'm looking for when I'm selling video games
I'd like to say at the minimum of around 10 percent
But I'm really focused on this thing called turnover rates on how fast and quick I can turn over those video games
So let's say I'm getting 10% So what I mean by this if I invest $1,000 into some video games and
I have a 10 percent ROI on them meaning that all profit $100 by selling those thousand dollars video games
So that thousand dollars gets turned to $1,100 which if you're an investor
You're been a stock market
you've been in real estate you realize that's
Amazing to do that in a month time if I can do that in two weeks or even in the worst case four weeks
That's great. I've typically what I've seen with the video games I've sold before and that's really it
So that's just repeat the process
You buy video games you send them to Amazon you flip them over get them turn over you take the profits and then reinvest
So if you're curious about starting this process with not just selling video games
But selling products online because you can do this with any type of category, right?
I'm making this video just about video games because those are things I've sold before but to be very honest with you
I've made money by selling gloves on Amazon. I've made money by selling laptops
Consoles I've made money by selling food chips bricks. I mean not bricks
I mean the little like electronic brick things, right? But there's a lot of different products you can sell you
sell clothes you can sell toys. It's the same process what I just explained to you with that
So if you want to learn more about that
I'll actually have a link down below that you can actually get registered for this special workshop. It's an online workshop
I'll be going over very soon. So she'll be in the next couple days and there's definitely limited spacing with it
So you just gotta put in your information and you'll get access to that online workshop and I'll see you there live
It's not going to be a recorded
Workshop I make every single of my live webinars
Actually live, so I'll see you on there
You can ask any questions and it also makes her subscribe to this YouTube channel, and you can learn more about selling on amazon
Ebay and walmart an all ecommerce things. Have a great day
If you have any questions at all, leave your questions down in the comments, and I will reply back to you
Feel free to follow me on any type of your favorite social media channel at Beau Crabill. So B-E-A-U
C-R-A-B-I-L-L and have a great day