I went to the local video game store (3D Games) to browze their inventory. I was shocked at how high the prices were for 8-bit NES and 16-bit SNES games. I decided to bring in a few of my own for a quote. I went home and dug the very best games from my game room including Super Mario All Stars, Contra, Super C, Contra 3, Castlevania, and pretty much all of the games instantly remembered by most when the NES or SNES is mentioned. I also brought in a few of my scarcer, more in-demand games for other consoles (Silent Hill, Symphony of the Night, Thunder Force 5 just to name a few). These were the same games in 3D games' inventory with outrageoulsly high sticker prices.
3D games offered me roughly 10% to 15% of thier asking prices and commented that my games were in 'very good' condition. I asked if their offer was low because of the law of supply and demand and if there simply was no demand for the games I brought it. The guy agreed. I asked what was in demand, and his only reponse was 'it depends'. I kindly declined the offer and said 'thanks' for letting me know what my games are worth.
Is it typical for a resell company to offer only 10% to 15% from the general public? Why would anyone trade in their games for such low values? Are people really so desperate for money that they are willing to take 15% of the value of their stuff? Obviously, 3D games (and probably Gamestop) has made the observation that people are willing to sell their stuff for next to nothing. Am I the one being unfair by expecting more than a 15% offer?
I understand the store has other expenses to pay and still must make a profit and cannot pay the same for their games as what they sell them for. The core conept of any business is to add value to society, or in the case or resell, buy low and sell high. My complaint is the high percentage markup. I would expect a markup of 20 to 30 percent with strong profits with steady sales, but to offer $3 for a game and then sell it for $27 sounds a bit greedy to me. This is just one example of the many I brought in.
3D games offered me roughly 10% to 15% of thier asking prices and commented that my games were in 'very good' condition. I asked if their offer was low because of the law of supply and demand and if there simply was no demand for the games I brought it. The guy agreed. I asked what was in demand, and his only reponse was 'it depends'. I kindly declined the offer and said 'thanks' for letting me know what my games are worth.
Is it typical for a resell company to offer only 10% to 15% from the general public? Why would anyone trade in their games for such low values? Are people really so desperate for money that they are willing to take 15% of the value of their stuff? Obviously, 3D games (and probably Gamestop) has made the observation that people are willing to sell their stuff for next to nothing. Am I the one being unfair by expecting more than a 15% offer?
I understand the store has other expenses to pay and still must make a profit and cannot pay the same for their games as what they sell them for. The core conept of any business is to add value to society, or in the case or resell, buy low and sell high. My complaint is the high percentage markup. I would expect a markup of 20 to 30 percent with strong profits with steady sales, but to offer $3 for a game and then sell it for $27 sounds a bit greedy to me. This is just one example of the many I brought in.
