I’m probably questioned 2-3 times per year about video games. Of those that resell games, I guess it’s tough to find shelf pull video games within the liquidation industry. The game is changing; pardon the pun, because Genco just sent out a post via Facebook about their new small premium lots of merchandise. This is good news for us little fish trying to make a living reselling on eBay!
I just had to quickly surf over to their website to view a few manifests in reference to their small premium lots, but in the process became a little discouraged. I found a few digital camera lots and then down at the bottom f the page I noticed a lot of video games advertised as 99% unopened stock. This lot is listed auction style and at the time of writing, the bid was at $1,533.11 for 90 games ($17 each).
I wanted to find Genco’s definition of “Premium lot,” so I did a little digging and came up with this:
GENCO Marketplace recently introduced a new category of liquidation product called Consumer Premium. Items in Consumer Premium pallets are inspected and those that are obviously damaged are pulled out. What’s left is mostly high-quality items ready for immediate resale to consumers.
After reviewing the manifest I’m at a loss for words to be honest. Not sure how you could compete with Amazon pricing for some of the games listed within this lot. Now, that’s not to say, everyone is reselling online. The pricing may not be to far off for those that resell in a traditional retail store setting. Anyway, here are some of the SKU’s and ASIN numbers that I researched online:
SKU: B001LYOTM4 Prototype 2 – selling on Amazon for $17.80
SKU: B005FYJB9M Janes Advance Strike Force – selling on Amazon for $12.46
ASIN: B004MXQ3FM X-Men Destiny –Seling on Amazon for $8.29
ASIN: B003M986XE MySims Sky Heroes –Selling on Amazon for $8.54
I’ve never been one to work with salvage electronics, so my head might be spinning for no reason. I just don’t think this lot would bring enough profit to warrant a purchase on a wholesale level…what do you think?
Our 2017 Liquidators Guide chronicles 12 years of wholesale product sourcing experience and includes my personal black book of direct source contacts! As an industry expert, I'll share the success I've enjoyed along with the mistakes I've made buying and reselling liquidation merchandise.
If you are thinking about buying pallets of liquidation merchandise from a liquidator, broker, or direct from department stores, you need to check out The Liquidators Guide