Another Inventory Unboxing | CONSOLES & GAMES

[@loudandproud9070]

I tried reselling a bit and source locally. I was wondering where do you source from online and what are your profit margins ? Thank you and great channel

[@GamingRenewedLLC]

My main source is pawn shops. I give the owners money as a “credit” so to speak and they buy all the games and consoles they would turn down normally due to them already having too many. They give the people pawning the items the normal rate they’d offer and then i give them a “finder’s fee” on top of it. I get the stuff for a lot cheaper and they get to make money from items they would’ve normally had to turn away, so win win. I also do auctions on goodwill and ebay as well. I used to buy from mercari but they got too crazy with fees now to be able to make any money. Profit margins are different per item but normally it’s not a “double your money” thing. Since i offer 3 day free shipping i have to eat that plus fees from Walmart and then supplies and time spent fixing things. I tend to lean more towards moving more volume at a lower price to sell fast instead of holding for “market rate”. Its more of a side gig for me right now until i learn more about the business and really sharpen my skills doing board work with the solder station. My only advice is don’t let the set backs get you down and just try to learn from them as best as you can. I’ve made a lot of mistakes lol. Don’t even get me started about buying barbies and porcelain dolls to flip 😂. That failed spectacularly 🤣🤣🤣

[@loudandproud9070]

@@GamingRenewedLLC thanks for all the insight , do you have a discord I can reach you at? Would love to chat with you a bit.

[@GamingRenewedLLC]

Unfortunately I don’t have a discord.

[@loudandproud9070]

@@GamingRenewedLLCcan you break down the cost you are paying to the pawnshops? I would appreciate that very much. I thank you for your insights and time good sir

[@GamingRenewedLLC]

So its not really a set rate i pay them. Its based on condition and if the item is actually functioning. Also, if it’s complete as well. Normally if they got a xbox one for example for like $40 they would charge me an extra $20 to get it from them. If it doesn’t boot up then we can drop it to $10 if its firmware related or $5 if its a power on issue. Games are usually an extra $3 or so, again depending on the game. They normally only give $5-10 a game depending on the game. Normally i get good rates from them because its a pawn shop so they are not paying anywhere near market value for what people bring in. Plus i don’t have to haggle with the people either. Since the pawn shop is essentially paying them with my money, whatever i give them is just free money for them for conducting the trade.

[@AgapeGaming17]

I’m glad someone else feels the same way I do about those sports game stickers 😂 it’s sad irony that the games that are most often used for replacement cases have the worst stickers to remove. Not even sure why they feel the need to put them on… is anyone really going to try and sell a fake madden game, lol?

[@GamingRenewedLLC]

I feel like it has to be so you can’t reuse the cases easily 😂. They are definitely top 3 worst sticker to remove