Games consoles were very popular this year as the Playstation 4 and Xbox One made their way to retailers’ shelves. And so, inevitably, interest in other games consoles and games has risen. If you are a wholesale buyer looking to invest in some new stock this winter, then finding games to sell on could certainly see you making some profits.
A batch of new and popular video games are about to be released so it’s the perfect time to stock up on wholesale video games and get ready to boost your sales.
The wait is almost over – Sony has announced the release date for its new console so there is no doubt that gamers all over the country will be searching for consoles and games during the coming months; the perfect opportunity for you to contact wholesale suppliers and start stocking up on games equipment!
The gaming industry is booming in the UK so why not get your cut of this market by contacting wholesale video game suppliers?
The video games market has been a burgeoning sector for the past 30 years from the early days of Atari and Commodore 64 to today’s modern day super consoles such as the Xbox 360 and Sony’s PS3, it’s always been a sector moving with customer demand and often creating it, seemingly telling the consumer what they’re looking for. Sony’s current flagship games console, the PlayStation 3, has been no different with over 65 million sold worldwide there’s generally no shortage of gamers seeking a PS3 fix.
When targeting wholesale products to sell on, most re-sellers are immediately drawn to brands that are popular with consumers. But is this always the best way to do business? Wholesale Scout investigate.
The news broke this week that one of the UK’s biggest games retailers has gone into administration. Game Group, which has over 1,300 stores across the globe, has called in the administrators and one of the contributing factors is apparently the competition from online retailers. But despite this news many involved believe there is still a need for a specialist video game retailer, especially in the UK.
And why wouldn’t this be the case? It’s a multimillion pound industry that, although perhaps more popular online nowadays, still continues to grow rapidly.
The video games market is an ultra competitive sector and for good reason with the market in the UK worth a staggering £5bn per year there are plenty of consumers out there looking to spend their hard earned cash on the latest game. This is also a notoriously tough market area to find wholesalers in with many of the top software developers distributing strictly to established businesses on a wholesale basis it can be very difficult for a new trader to achieve realistic wholesale prices or even a trade supply contact at all.
As most wholesale traders will know the games console market is a forever expanding hot bed for sales and innovation in the consumer electronics industry sector. With new consoles and games being released every month it’s a market which works hard to continually encourage buyers to part with their hard-earned cash in return for their next gaming fix.
Video gaming a multi-billion pound industry which is constantly evolving and growing. That evolution and growth has meant that anyone looking to consistently make money in the sector has also had to grow and evolve or get left behind, it’s not an industry you can break into easily but with the right product at the right time it’s possible to cash in. It’s all about spotting a potentially popular product and supplying the demand.
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