Saturday, June 11, 2016

My first attempt at flipping video games

Bought: $22.00 Sold: $74.99 Fees: $2.96 Profit: $50.03

This is a Playstation 2 Slim with 10 games and 2 controllers. I was at a garage sale last week, and I arrived just as he was setting up. I saw a box for a PS3, and opened it wondering if he was actually selling a PS3. It was actually a PS2 with what you see above. He said he wanted to sell it as a lot, and that he wanted $20 for it all. He also wanted to sell the Dancing with the Stars game pad as well as part of the lot for $25, but I said I just wanted the box. He asked if I would just take it for $2, since he really didn't want to try and sell it on its own. I took it and I will donate it to VV, as it has no resale value. This was a bit of a gamble, since I know, and knew, next to nothing about flipping video games and systems, but I figured for $20 it was worth the risk. A lot of people flip only video games, and make a lot of money on it. The main reasons I don't are because there are high potential for scams and the market is just flooded. I would much rather be one of only 2 or 3 people selling something, as opposed to one of 100s or 1000s. Anyways, I checked out the games and none had great individual value - if they had I would have listed them separately. I checked the system and all the games, and everything worked. So, it was a pretty good profit. I am still not sold on selling video games, and until the buyer receives this and doesn't make a complaint I will still be anxious about the sale.

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