The video game industry is currently poised for two huge releases – Microsoft’s XBox One and the Sony Playstation 4. With both consoles looking to cost £300+, it is another moment in every parents life when there is a sharp intake of breath in the hope that their children don’t see it until well after Christmas.
At Roosterbank we reckon that there is one easy solution to this – get your kids to save up for it themselves using their Saver Basket! However, with such heavy investment required and often compatibility issues with old consoles, you can encourage kids to offset their total outlay by trading in their old video games or swapping their kit. While games look pretty on a shelf (if they make it to the shelf), they certainly add little other value.
Trading in old video games.
When it comes to making the decision as to whether to trade something in or not, your children need to consider the cost of the game and whether there is any life left in it. Certainly Disney with their Infinity Range or Skylanders are going some way to address this by encouraging kids to swap their characters but ultimately every game has an end level. If there are games collecting dust at home and your children can’t swap it for something else in the playground, then it’s worth considering a trade.
If you just want to get cash when you trade video games and consoles you have a few options. Let’s run through them below:
1. Put them on a specialist trade in site such as Music Magpie.
This option is the quickest and easiest. You send off the item and as long as it’s in good condition you can get cash for video games and consoleswithin a week or so. Another advantage with these sites is you can get an estimate of how much you will recieve for each item.
2. You could put them on Ebay
This option is a little riskier. If you auction the products they could sell for less than expected but sometimes may go for more. Also, keep in mind Ebay seller and Postage and Packaging Fees as when selling loads of items these can quickly add up. Here is a great guide to making money on ebay.
3. Try selling at a carboot sale
Carboot sales are often considered a bit hit or miss as most people that bob around these are keen for a bargain, therefore you have to be ready for a bit of bartering. Also remember to take into account the set up costs of running a stall.