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Make Money Reselling Used DVDs, CDs and Video Games

I am often asked if there is profit selling dvds , cds or books online. My answer always is there is little profit margin found in selling new product. But if you consider buying and selling USED there is opportunity there for you still. This business plan calls for a little work upfront to search for product. You will need to ferret out used dvds and cds at garage sales and thrift stores.

Your main challenge will be buying the right items when you are on the road at a sale. Some prices may be worthless and others could be out of print and carry great value. As long as i have been in the business i still am not able to determine which items are buys. It makes no difference if you can recognize an item as popular or as newer or old. A database of market prices is necessary. If you utilize technology and come equipt with your Android powered mobile phone with its built in camera you can quickly scan barcodes quickly at garage sales to determine value. Just goto the Android Market to download MediaScanner. Its a free app. 

Want to find out if it is worth while buying that Mary Poppins DVD for $2 at a yardsale? Why take the chance buying it if it is only worth $1.00 on the internet? With MX123 mobile access you can access prices by entering the 12 digit UPC number for the item into your mobile phone and find MX123 will pay you $7.00 when selling this item; and the lowest Amazon Marketplace price is $13. Yes it is worth the buy!

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Amazon to Grow Used Game Market

Investors in GameStop Corp. may have panicked recently on the news that was entering into the used video game space, but a new study suggests that the slumping economy may help make room for plenty of competitors in the market.

Amazon has announced a new service through which customers could trade in used video games through its site, in exchange for store credit.

The news immediately caused a sharp sell-off on shares of GameStop, a Grapevine, Texas-based retail chain that specializes in video game sales and derives nearly half of its gross profit from the sale of used games. GameStop saw its stock drop more than 20 percent in the two days following the announcement.

However, according to a report from Electronic Entertainment Design and Research, a market research firm that focuses on the video game market, GameStop is unlikely to see much of its business threatened by the larger online retail giant.

“Based upon our research, we believe Amazon’s used program will be both successful and profitable,” the report read. “We also believe that most of Amazon’s new business will come from the expansion of the used video game software market rather than from stealing market share from competitors like GameStop, Game Rush, EBay, or Game Crazy.”

Amazon does not break out specifics of its video game business. Sales of media products — which include books, games, DVDs and music — totaled nearly $11.1 billion last year, more than half of the company’s total revenue base.

GameStop said it expects revenue for the year ended Jan. 30 to total about $8.8 billion, based on preliminary data announced last month.

According to the EEDAR report, GameStop is likely to retain its advantage in the used market with core gamers, who often use the company’s stores to trade in older titles to get credit on new releases when they come out.

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Amazon Trade in program questionable

The announcement on 3/5/09 of Amazons launch of game trade-in program is nothing new to the gaming world. Websites that buy your used games and dvds like Buyback, MX123 and Second Spin have been in existence for years. These sites allow and many others allow consumers to sell their no longer wanted Video Games, DVDs and CDs for cash via payment by check or Paypal. Amazons program of offering trade-in credit for your used games is a less desirable alternative than receiving quick cash – especially during these economic times. That being said, I welcome Amazons presence into the fray as an upward force to buying price pressure in this blooming marketplace.

Though these buy sites have been around awhile this category of ecommerce (consumer to business) has been a sleeping giant. No one with any significant resources to date has offered consumers the type of service that really compels consumers to trade online in the numbers consumers do with online ecommerce or rental of movies through Netflix type services. With Amazon’s entry this sleeping giant of an online commerce segment will wake up and challenge brick and mortar stores (who trade) like ecommerce did with brick and mortar for the last 10+ years.

Gamestop believes that online buyback will fail because of their experience with Tradestop. With Tradestop – Gamestop customers were already used to trading pre-owned for new games in the thousands of brick & mortar Gamestop stores across the country and the way Tradestop was presented online it didn’t provide any additional benefit to the current Gamestop consumer who had been trained on in-store trading, plus (IMO) Gamestop shuttered Tradestop due to it?s recent (in 2005) acquisition of Electronics Boutique and since it owned a monopoly ( ~80%) of the pre-owned video game space, why offer a service that exposed their buyback prices with no material benefit to their existing customers. First, what Amazon and other buy sites offer is a trade for cash platform that isn’t Gamestop. Many gamers feel that Gamestop doesn’t pay a fair price for their games.
In my opinion, for Gamestop to say that online trading will fail is like Blockbuster saying that Netflix will fail because why would people want to receive new movies in the mail rather than go to their local Blockbuster store. We now know how that story line has played out

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