Originally Posted by spmahn
Maybe to you it's not, but that's not true for everyone. Video games are a quick easy sell, and the market is always pretty hot for them. Yeah, you can make more money investing in stocks and bonds, but that's not what I'm familliar with. Last year I made about $1200 - $1500 in extra profit flipping video games, toys, movies, and other items. It's not my full time job, but it's still a decent enough amount to be worth my time. Those nickels and dimes add up.
I made $6,000 (after fees) selling "junk" I posted here from garage sales and haven't even put a dent in it yet (haven't sold any of the games/systems yet).
I find that if someone really wanted to make money on games all you have to to is track a specific game and buy every cheap copy, then resell it when the supply has dwindled. I KNOW there is a CAG that buys up everything that is "hot" and jacks up the price and he probably makes more than any of us on reselling games. (I was able to determine who it was based on their user id/boasting on CAG). I think he actually bought copy of a hot game from me on ebay and put it on amazon.
Personally before I knew about CAG, I would buy all the cheap sealed copies of FFVII (anything at $100 or less), then list them on amazon for $175-$200. It was nice while it lasted.
We are at a point where everything is worth something
. It is just finding who wants it or where to dump it. I'll admit I am mistaken on some items I buy (because I go completely off of years of experience), but they can always be donated if they are duds.