Waching daily Oct 19 2018

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