Wholesale video games

Video games have come a long way since the days of pong. They are now a multi million dollar industry with titles that rival Hollywood movies in sales and profits. It’s no wonder so many wholesale video games companies have arisen as of late.

If you want to get a piece of the pie, there are some things you should know about how to go about it. This information can be useful too if you are an employee in a wholesale video games company.

Learn to like video games. It’s very hard to thrive in this industry if you don’t like video games. Like football or basketball, a big part of video games is passion. While it takes a cold head to make important decisions, it takes passion to reach out and connect with customers.

Know the consoles. There are 3 main consoles in the market and you should know their differences, specs and strengths by heart. However, the most important thing to know about the consoles is what games are exclusive for each. Some games can be found on two or three consoles, but some can just be played in one of them. If you know this, you can plan your wholesale video games purchases and sales better.

Knowing video games. This might sound obvious but it’s actually quite important if you want to keep your wholesale video games company on business. Video gamers usually know what they want and can detect any mistake easily. If you don’t know the answer to a question about video games, it’s better to admit it and offer them to let them see the back of the box. Offering another game that “is exactly the same” will make them take their money elsewhere.

Announce releases. Gamers are always expecting the next great thing which will come out soon. If you let them know you’re getting it on a specific date, they will make a line out of your store. If you sell to retailers, they will fight to place wholesale video games purchase orders. For really big titles, it might be worth to prepare a special event or promotion, like letting them play for free that day if you’re a retailer, or give shirts with your company’s logo if you sell to retailers.

Service is also very important for wholesale video games companies. Since video games involve passion and hype almost as much as quality and price, then it’s a good idea to train employees (or take training yourself). Of course, it has to be backed up by a good sales process, or it will just be a waste of money.

These are just some ideas, and yes, they entail some hard work. But if you really like video games, and they’re your passion, you’ll find making a living with your own wholesale video games business very satisfying.

Buying wholesale DVDs

As you know, buying wholesale increases your negotiation power and reduces your costs. However, there are some basic precautions that you should take in order to avoid turning a cheap deal into a problematic one.

When placing wholesale DVDs purchase orders, the main issues you have to negotiate and agree with are the same as with any product. For example, price, quantity, delivery, freight, insurance, etc.

In addition, there are some specific details you should pay attention when buying from a wholesale DVDs supplier.

DVDs are time sensitive. That means that placing your wholesale DVDs order at the right time will generate you more sales. On the other hand, receiving it too late may cause you to have inventory collecting dust and generating costs. That’s why you should check the delivery times your wholesale DVDs supplier gives you. A very good example of this is Christmas movies, and even family movies and children movies that are expected to come out before Christmas. If the shipment is late for some reason and you get it on December 26th, chances are that you’ll keep those movies until next Christmas.

In addition, DVDs’ success depends on variety and the subjective taste of your clients. Therefore, it’s very important to conduct a market research in order to have sales projections that are as accurate as possible. This will allow you to assemble a wholesale DVDs purchase package that includes a balanced mix of variety and realistic quantities.

Another thing to look for is that you’re buying from a legal wholesale DVDs supplier. If a shipment is sent to you with illegal pirate copies, and it gets confiscated, you will automatically be held suspicions and investigated. Of course, if your business is legal, you won’t suffer any legal consequences, but it will be a bother and you would have lost your money. In addition, you will be short on stock, since you lost a shipment.

If you’re making a wholesale DVDs purchase from overseas, you should also pay attention to any piracy laws of the country where your supplier is located. Sometimes, your supplier’s practices might be completely legal where he or she is, yet illegal in the United States. You should add a clause to the wholesale DVDs purchase contract for each law discrepancy. This will force your supplier to comply with American laws, and will keep you from legal trouble.

Also, you might want to check any legal requirements for importing DVDs. These may include quotas, import taxes, certificates of origin, etc. A quick visit to the website of that country’s chamber of commerce in the US, the embassy or the US Secretary of Commerce can tell you all you need to know about that.

To conclude, in order to place a wholesale DVDs purchase, price isn’t the only factor that you should analyze.