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These are slowly KILLING my Business…here’s why 

Retro Rick's GamePoint
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Check out the shirts we are wearing and so much more from 80sTees and use the discount code RETRO35 for 35% off!: www.80stees.com/?linkId=Retro...
This Game store can't handle much more of this. Something has got to change!
Retro Ricks GamePoint Address:
2585 Donaghey Avenue, Suite 111
Conway, AR 72032
INSTAGRAM: @retro__rick
/ retro__rick
FACEBOOK: @RetroRick
/ retrorick1
#GameStore #Games #VideoGames

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1 апр 2024

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Комментарии : 1,3 тыс.   
@thinds5271
@thinds5271 3 месяца назад
New games are like rotisserie chickens at Costco. They may be a loss, but bring more sales on other items.
@AscentChriis
@AscentChriis 3 месяца назад
Couldn’t have said it better lol
@snipesxiii9188
@snipesxiii9188 3 месяца назад
your right but that sales tactic isn't usually feesable in a small business
@koilamaoh4238
@koilamaoh4238 3 месяца назад
sucks when chicken is undercooked.. that like a underused game lol.
@brandonoldenburg4642
@brandonoldenburg4642 2 месяца назад
Not the same. If I'm spending 60 bucks on a new gsme, I'm probably not buying anything else at least 75 percent of the time.
@drdunngg
@drdunngg 2 месяца назад
Does that make 1:00 pm on a Sunday the new midnight release?
@JagsCountry-rt1cd
@JagsCountry-rt1cd 3 месяца назад
This is why GameStop pushes used games so hard. Because the profit margin on brand new games is slim. They might make $5 off a brand new game. But $25-30 off a used copy of that same game.
@AndreJHoward
@AndreJHoward 3 месяца назад
The problem is they sell used for a only a couple bucks less. it never entices me to get a used game to save 4 bucks.
@koilamaoh4238
@koilamaoh4238 3 месяца назад
And now everything is "digital"ized... You can buy the same digital games for like 1-3$ now a days, without having to "hoard" tons of stuff.. I hate hoarding, I still have all my old game stuff, consoles, dusty, i love my minimalist lifestyle. Psychical games are very niche now a days, for the hipsters, boomers, retail flippers, etc, for those select minorities. I get most my pc games around 3$-10$, and humble subscription 8 games = 12$... Physical games are nice and all but eh, can be a pain and a chore to deal with sometimes, as consoles do die and harder to replace. Dealing with anything of physical nature.. profit margins are extremely slim in my opinion, if its media, games, "food"/retail stores. All the big money is in software/digital goods.
@karlsimons8101
@karlsimons8101 3 месяца назад
​@@AndreJHowarddepends on what systems you buy for. New system used games are too expensive but they have sales often where you can get a ton of old gen games for less than $10. Talking PS3, Xbox one and 360, Wii and Wii U
@jasontoutges7270
@jasontoutges7270 2 месяца назад
Ironically, used games were new at some point, so they kinda depend on each other. You can't have something used until it's new first, LoL
@MrVariant
@MrVariant 2 месяца назад
​@jasontoutges7270 right back at ya, ironically gamestop display copies are sold as new despite being open 🤣
@masterclass4065
@masterclass4065 3 месяца назад
As another store owner. The only poistive is that you will get trade ins for new games. Then make your money on the resell of the trade ins.
@TheGebs24
@TheGebs24 3 месяца назад
I speak to a LOT of retro game store owners here in the UK. They said that new games are only worth owning because people trade retro to buy new games. That’s how the 💰 is made. It’s a shame, like you say, the prices drop considerably. I personally wouldn’t buy new games at launch. I’d wait a few months
@deluxedoorman
@deluxedoorman 3 месяца назад
Love your channel Gemma!
@Vascularityisgood70
@Vascularityisgood70 Месяц назад
Yeah me too
@mitche_9283
@mitche_9283 3 месяца назад
At my local resale game store, when I preorder new stuff they always tell me that they cannot guarantee the game will be available on release day which I am fine with because I rather support them than the "big box" stores. If you continue selling new games just be clear and upfront to customers on that situation. Heck I heard even the bigger stores aren't even having the new games on release day sometimes.
@MrVariant
@MrVariant 2 месяца назад
That sounds weird. I only had that happen once at target, and generally preorder when they got a sale for $10-$30 off, at $25-$30 if I buy 2. Some places have preorder bonuses but they generally follow through with the game and extras (like walmart cards for mario wonder).
@BobbyHo2022
@BobbyHo2022 2 месяца назад
What's the point of pre-ordering?
@T-M-N-T
@T-M-N-T 2 месяца назад
@@BobbyHo2022that is YOUR mindset & keep it to yourself hommie 🤡
@infiniterecursion9550
@infiniterecursion9550 2 месяца назад
​@@BobbyHo2022with some games or accessories GameStop will only get them in the local store if you preorder them. It wasn't always that way but these days they have less and less games.
@johnathansmith1003
@johnathansmith1003 3 месяца назад
Starfox in a sears display stand, I thought to myself "it will never get better than this" The intro BLEW me away!
@shoheiimamura4067
@shoheiimamura4067 3 месяца назад
You were right! haha
@schradog01
@schradog01 3 месяца назад
64 was rad
@Tarzney
@Tarzney 3 месяца назад
Love that you have covered this. I own an LGS up in Northern Michigan that has been in operation for over 15 years. We deal with the exact problems consistently to the point I barely order new games these days, and when I do, I mostly only get Nintendo games because it's the only safe bet. I have a distributor that gets them to me overnight now with free shipping, and most of their Nintendo titles are significantly lower in pricing that I can make actual profit off of them. I can easily give you the information of the distributor if you would like. Otherwise, thanks again for bringing this topic up!
@pryan609
@pryan609 3 месяца назад
I ran a chain of over a dozen game store across 5 states for well over 20 years. New games was just something we had to deal with. We were in major shopping centers next to Walmart and Target. We had midnight sales events. It's just what we did. The issue we eventually ran into was people stopped coming to midnight releases. Digital sales killed the need to have every new game in stock. But we kept making sure we had the latest titles available for trade. I left the business in early 2023 because we had downsized to our last 2 stores that got relocated to downtown locations. The remaining guys are trying to reopen a 3rd location in an old spot, but I don't know how well it all will work out since new and used games aren't selling for Xbox Series X or PS5 all that well. At E3 in 2019, after I walked out of meetings, I knew then that would be my last E3. I saw no point in returning. The industry was already upside down. The writing was on the wall then that all these companies wanted was a big hit that's an ongoing game like Fortnite. Digital is now king cause they make all the money, and the store fronts like myself were being phased out. Back during the PS2 days with new games, the margin was the same as they are now. But we had no digital store fronts, so each store we had was making well over $100,000 a month with ease. Times have changed, and I wouldn't want to open a gaming store again right now to save my life. I'm glad I finally wised up and left the business. Hopefully, you continue to see success. It's going to be a rough ride for gaming stores here on out.
@Sapp726
@Sapp726 3 месяца назад
Super Mario World, Mario 64, Goldeneye, Pokemon Blue, Command and Conquer Tiberian Sun, Halo 2, Diablo 2, and World Of Warcraft
@Cheeseshredder
@Cheeseshredder 3 месяца назад
what a youngster, for us old farts it was mary o 3
@Sapp726
@Sapp726 3 месяца назад
@@Cheeseshredder Mario 3? I played and beat that but never owned an original NES. At 36, I appreciate the youngster part though, haha.
@phresh9361
@phresh9361 3 месяца назад
Sheeesh, good list. I'd have to add Resident Evil to scar me as a child. Also Pokemon Red instead of Blue.
@Sapp726
@Sapp726 3 месяца назад
@@phresh9361 Haha, Definitely add Resident Evil. I Remember watching my friend blaze through those first few games and feeling like I was watching an awesome movie.
@jzznmypnts
@jzznmypnts 3 месяца назад
@Sapp726 , You're speaking my language. Though, I'd switch Tiberian Sun with Red Alert: C&C, Super Mario World with Ocarina of Time, and WoW with Banjo Kazooie. ...34 here, so maybe one of them "youngsters." 😉😋
@johnpinyanmusic2034
@johnpinyanmusic2034 3 месяца назад
Games that changed my life. Sonic Adventure 1 & 2 on dreamcast and Resident Evil 2 on ps1
@Nintendo853
@Nintendo853 3 месяца назад
Resident evil 2 would be number 2 for me right after zelda link to the past!
@AndrewShott
@AndrewShott 3 месяца назад
Banjo Kazooie - August 10th 1998 was a great birthday gift that changed my life forever.
@timmy3822
@timmy3822 2 месяца назад
That break down of costs for modern games just blew my mind. I wasn't expecting you to get like £20 or USD equivilant profit per unit, but potentially LOSING money on every copy when you include shipping costs? That or settling for a few bucks profit just isn't enough to sustain a business. Btw your store looks AMAZING. I can only DREAM of having a place like that near me in the UK, seeing all those NES controllers and game guides just fills me with joy. I would likely drop my credit card on the desk and just hit my credit limit immediately lol.
@Nealio637
@Nealio637 3 месяца назад
This channel is so much fun--I love all the behind the scenes stuff! I hope your new supplier gets you those games on time. Those margins are super slim, but I get it... it brings people into the store and hopefully they will buy other things too that you'll make more money off of. Also, those were some nice 3 pointers guys! I'm a big basketball fan (play and watch), and I think it would be fun to see some of you guys play some pickup ball with other RU-vidrs at a convention or something (I know some of Riff's squad plays, and Billy from the Game Chasers recently said Melvor used to be good at bball--maybe Caleb plays too?) Maybe put some old vidja games on the line for the winners? ^_^
@Chelsea-om1gy
@Chelsea-om1gy 3 месяца назад
Are midnight launches still a thing? I remember in the UK years ago people would go to Game (UKs version of GameStop) at midnight to get their pre orders. I know people can now just download but for people who love physical copies ‘a launch event’ might be an amazing thing to do to create a ‘destination’. You could have a lock in or open the doors a little early to allow for browsing/gaming. Book shops in the UK are struggling - in the era of books being downloaded more than ever, the book shops that aren’t closing are the ones that do ‘events’. 😊 I remember going to the cinema for a midnight launch once, the atmosphere was completely different to a normal showing! Xx
@24BlackMamba8
@24BlackMamba8 3 месяца назад
Nope. Midnight launches have been dead for a couple of years now.
@jordanhilton1815
@jordanhilton1815 3 месяца назад
Actually my GameStop which is actually the highest selling GameStop in the nation I mean I don't work there anything but they still do midnight releases they're not at midnight anymore they're actually at 9:00 p.m. which is way better but they only do it if they have enough pre-orders for a specific game so it has to be something humongous like I remember going to it for Red Dead Redemption 2 stuff like that
@24BlackMamba8
@24BlackMamba8 3 месяца назад
@@jordanhilton1815 that's nice. Yeah all releases at least in the Portland Metro area GameStops don't do that anymore. People don't pre order like they used to
@jzznmypnts
@jzznmypnts 3 месяца назад
Midnight launches were (& are?) SO amazing, ESPECIALLY for very hyped games. One of my favorites was for Halo Reach. It was at my local Gamestop, located in a strip mall (USA version of "retail park"). I went by to pay off my pre-order early that afternoon, and people were already setting up LAN parties with earlier Halo games....in front of the store, from the hatches of their vehicles, with their own equipment... Gamestop merely allowed their electricity to be used. Needless to say, I spent the rest of that day in attendance; T'was epic. 💯 ...Oh, and cinema midnight releases are/were great, too! I've gone on too long now to say anything else about those. 😉
@Drewsefer89
@Drewsefer89 3 месяца назад
For New Games I either want it day 1 or I’ll wait for a sale. So this puts you in a bind if you can’t get it day 1 then I’ll end up waiting for a good sale which would make you loose money.
@Stuart267
@Stuart267 Месяц назад
*Friend of mine owns a retro gaming store & right off the bat he refused to stock brand new games, this store was pssed down as his parents owned it & they went near bankrupt because they insisted on stocking brand new games, but they were so expensive to buy even in bulk as it was a mom & pop operation, so they sold it to their son & are now retired. The store would have closed down if he hadn't gone 100% retro. Now business is thriving as he got rid of all the so called new games in sales & even gets recent games traded in & can sell them at a decent price to make some money back.*
@FlappableElf
@FlappableElf 3 месяца назад
Final Fantasy VII OG changed my life forever! Still my favorite game of all time!
@therapinape9757
@therapinape9757 3 месяца назад
Not my favorite but it’s up there on my favorites
@stephendrown3808
@stephendrown3808 3 месяца назад
Same answer
@nebjaminsusej151
@nebjaminsusej151 3 месяца назад
Is it possible you could explain to me how it changed your life?
@FlappableElf
@FlappableElf 3 месяца назад
@@nebjaminsusej151 sure! I played it for the first time during the peak of Covid when I was very depressed and didn’t realize it. Basically long story short FF7, along with some other things, helped me feel again and has changed me as a person! Thanks for asking!
@Riz2336
@Riz2336 3 месяца назад
Do you prefer the original or remake? I have both but I've only played the remake so far
@austintaylor5683
@austintaylor5683 3 месяца назад
I’ve heard other stores to have the same issue. For new games maybe you should just do pre orders only for new games and maybe just buy new games for the stuff you know will sell.
@JoseLopez-yx4et
@JoseLopez-yx4et 3 месяца назад
But then he won’t have something to cry about for the camera
@austintaylor5683
@austintaylor5683 3 месяца назад
@@JoseLopez-yx4et you being funny or generally hating?
@user-tt7gj3xt7v
@user-tt7gj3xt7v 3 месяца назад
Valid
@user-tt7gj3xt7v
@user-tt7gj3xt7v 3 месяца назад
On the pre order part
@user-tt7gj3xt7v
@user-tt7gj3xt7v 3 месяца назад
​@@JoseLopez-yx4etbut shut up man retro Rick is amazing
@JoeSchmmo
@JoeSchmmo 3 месяца назад
I think you should go the Double Jump Route for new games. They have pre-orders up, then only buy like 4 or so more then the pre-order. That way you have the New games, while also doing the preorders
@KingStix
@KingStix 3 месяца назад
New games create a price ceiling, healthy eco system is important for healthy consumption
@DizGoneWild916
@DizGoneWild916 3 месяца назад
Surprisingly... Donkey Kong Country Returns Tropical Freeze changed my life! It brought me back to modern gaming, after seeing the commercial for it, I went out and bought a Wii U (lol). I shortly after bought an Xbox One and it was all uphill from there. Before that I ONLY played retro
@johnd8444
@johnd8444 3 месяца назад
For me E.T. and Superman 64. Changed me man!!! Classics.
@locinolacolino1302
@locinolacolino1302 2 месяца назад
Too bad the rest of the copies of E.T. are buried at a rubbish dump in New Mexico.
@PoeLemic
@PoeLemic 2 месяца назад
Man, don't buy new games. That's stupid. Turn into a RETRO STORE. From a person with a business background, don't take the risk. That's ridiculous. I didn't know it worked that way.
@seabubbles225
@seabubbles225 Месяц назад
I work at a locally owned video game store and we had a similar issue with new games. The distributor went bankrupt and we haven’t really made an effort to find another. As far as customer satisfaction we are right across the road from GameStop so we usually recommend them to go there for new games and they have been good and recommend customers to us for old games.
@Arkem9
@Arkem9 3 месяца назад
about new games - you should still have new games in the store. for the new customers who just see a game store while driving by on the street. for the uncles and aunts who want to make their nephews and nieces happy with a new Nintendo game.
@SoHighIFly
@SoHighIFly 3 месяца назад
Vigilante 8 on the PS1 is what got me more in to gaming. I had always played games but was never a "gamer" until I got that one xmas. I was hooked from then on
@teachermatt
@teachermatt 3 месяца назад
Happy to see how well you guys are doing now (besides all the issues with the new games) after all those headaches with your main channel getting hacked. You are a good person Rick and that comes through in your videos. I am rooting for you to keep succeeding and if I ever make it to Arkansas I will drop in. It may be a while though because I live in China.
@jacobguerrero1632
@jacobguerrero1632 3 месяца назад
Bioshock, dead space and half life 2 are games that made me look at games differently. Those games had such an impact on my life.
@joshramirez7
@joshramirez7 2 месяца назад
Pong did it for me.
@eviltwinstephen8367
@eviltwinstephen8367 3 месяца назад
I remember playing the demo of “ATV Off-road Fury” on PS2 when it first released at EB games in the mall and thinking to myself “This is the pinnacle of video game technology…”
@jasonmills525
@jasonmills525 3 месяца назад
Dragon Warrior / Quest / Zelda NES got me into RPGS. Final Fantasy IV hooked me.
@TheSimpsonsMan
@TheSimpsonsMan 2 месяца назад
Drop the new new ones and rely on people bringing them in used. Seems like the media market for new new items is slowly dying, IE: Best buy, ETC.
@Vargslynslaktarn
@Vargslynslaktarn 3 месяца назад
My cousins dad pre-ordered Zelda 2 from "Nintendo Bergslagen" office outside Gothenburg. 1988 was the year and we sat up playing until midnight. Remember how he translated all the text for us and that the first Cave in the desert was totally pitch black, the hair stood up on my arms. Not to forget the first palace," Parapa Palace " with the menacing soundtrack.Scary as hell! Next life-changing moment was playing Resident Evil 1 on PS1 1996. Also with my cousin. I'm born 1979 and my cousin 1980. He's no longer with us, rest in peace John!
@VerlixStone
@VerlixStone 3 месяца назад
I don't think you can completely remove all new games from your store as you will for sure lose newcomers/parents/uncles, etc that drive by the store to pick up a new title someone in their family wants. A percentage of those folks could easily turn into regulars and even buy some older used titles down the line or just pass on the stores name through word of mouth. If someone comes in and you don't have what they're looking for more than likely they will just quickly leave the store without even looking around. What I would suggest is just keeping as little copies of newer games that you think you can get away with. Of course you would have to crunch the numbers for that, but making sure your pre-order folks are always accounted for and then having maybe an extra 10-15 extra copies of each new release just in case is a place to start. Also, for sure trying to find a distributor that isn't going to treat you like you don't matter at all is gonna be a huge boost to this strategy.
@FishDS9
@FishDS9 3 месяца назад
Is the store called Brand New Rick's Game Point? No? There you go.
@missingno81
@missingno81 3 месяца назад
There’s that and only certain games will still retain value (mario); others even new will tank in price like sports games.
@JC-xq2qe
@JC-xq2qe 3 месяца назад
It isn't called Used Rick's Game Point either so 🤷
@LonSeidman
@LonSeidman 3 месяца назад
I briefly looked at selling electronics through my RU-vid channel.. Distributor pricing was sometimes higher than retail Amazon prices. Crazy.
@PartenJoe
@PartenJoe 3 месяца назад
When it comes to new games you don't use ebay to determine the price unless the game is out of print in stores. Until then you have to use what OTHER STORES sell them for ie: gamestop, best buy, ect.
@GiuseppeGaetanoSabatelli
@GiuseppeGaetanoSabatelli 3 месяца назад
New/Sealed pricing is fine on eBay, since that's usually suppliers dumping their stock. Sonic Frontiers is still $59.99 new at GameStop, $44.99 used. But it's about $30-35 new, free 3-5 day shipping, on eBay from a few sellers. The question is, does Rick feel comfortable having "new" titles at MSRP for years (the Nintendo curse) when he knows they go for less. For instance, Kirby and the Forgotten Land, a Nintendo first party game (so therefore will never have a price drop ever) is $59.99 just like the day it came out 2 years ago. GameStop, Walmart, Target, Best Buy, etc. still all have it in stock for $59.99. But it's not $59.99. There's a supplier on eBay with 769 copies sold who has it for $45.99 (with quantity discount, and top rated plus free returns lol). The point is, the games are toxic inventory. He's trying to justify buying at 95% face value just for the games to either 1. sit on the shelf unsold for years at MRSP, or 2. lose money as the games drop in market value.
@symbiote1982pk
@symbiote1982pk 3 месяца назад
Have to? You can sell whatever you want for however much you want, there's no rule for your nonsense.
@sojannedos
@sojannedos 3 месяца назад
Zombies Ate My Neighbors is that game for me.
@jarredkrum9894
@jarredkrum9894 3 месяца назад
And its still better then games nowadays tbh
@kennytaylor5849
@kennytaylor5849 3 месяца назад
SNES games. That period had the best games
@jarredkrum9894
@jarredkrum9894 3 месяца назад
Thats cuz back then games were made with quality unlike nowadays
@MaxihVG
@MaxihVG 3 месяца назад
Everyone, do you know if I can contact the store to sell them stuff? I've tried on IG but they never responded
@DaFoxQc
@DaFoxQc 3 месяца назад
We stopped selling consoles and games in our store exactly for this... we couldnt compete enough with the big platforms and online. We'd buy something and 2 weeks later Amazon would have a sale on it for way under out cost price. So we only keep a few controllers and accessories now 😕
@MaverickResale
@MaverickResale Месяц назад
Windwaker changed it all. I was so confused and pissed when I would get stuck. Then so lit and satisfied when I’d get through and onto the next part. Definitely changed the pace for me.
@ClassicContagious
@ClassicContagious 3 месяца назад
As a mom and pop gamestore, we just can't justify selling new games and making $3-$5 on them.
@Hatedepot
@Hatedepot 3 месяца назад
Did you buy all those games to get unlocked from amazon renewed like Alliance Refurbs?
@jigsaw9618
@jigsaw9618 2 месяца назад
As an older person who grew up before the internet. From a consumer perspective I want to see stores continue to carry products. New physical media is going away everywhere. You are not going to own anything in the future, everything's going to be subscription based if you want to do anything and your not going to have any other options. I still go inside stores as much as I can because I can see whats happening. From a business perspective I can certainly see your point and at the end of the day you have to do what is right for you. I didn't realize margins were so crap on new games. I hate to see it happen but I understand it. Only thing I can say is still offer new games but you have to order in advance and put up the cash or at least half. You have a nice store, I would check it out if I was in the area. Wishing you all the best! P.S. Original Resident Evil on the PS1 Was the game that blew me out the water and made me realize what the future held for games.
@MatCaveGaming
@MatCaveGaming 3 месяца назад
The original “Resident Evil” on ps1 totally changed my life. Became my all time favorite game series.
@numberoneappgames
@numberoneappgames 3 месяца назад
THANK YOU! New game margins suck so much and it's hard for games stores. No wonder why so many shut down!
@austino17
@austino17 3 месяца назад
The game that changed my life was the Sly cooper series it's such an amazing series with the music and combat my favorite game franchise of all time
@patriotdrone9566
@patriotdrone9566 3 месяца назад
New games/systems are just loss leaders in retail terms. Got to have them to drive traffic but they don't directly help the bottom line. As a former GameStop manager I can tell you we focused a ton of effort on used games, add-ons and upsells. People expect new games day one from GameStop. Missing a launch was a total disaster. In Retro Ricks situation I would focus on setting the proper expectations when customers want to pre-order a new product. Say something like this. "Hey Mr. X, we appreciate your loyalty and supporting this amazing store, but there is a chance we don't get this title on launch day one. Here is a piece of mech on the house for your understanding."
@claymurphy3050
@claymurphy3050 3 месяца назад
You need to adopt the model that some comic book stores use. Pre-orders for new and poach surrounding larger chains for 1-5 copies for the shelf. You have to continue to carry new, just do it on your terms.
@artmusicliterature9859
@artmusicliterature9859 3 месяца назад
Seems they want to get rid of new physical media. The option is there but they're slowing bleeding the retailers.
@Have.An.AmicoDay
@Have.An.AmicoDay 2 месяца назад
I would forget day #1 purchases from distributors... make a list of the ones you want, then have an employee go thru the list online, trying to buy them once a month at 'reasonable' prices, might be able to get them in your store at near or half price. Just buy a couple of each... don't focus on the new product/games.
@Kronique
@Kronique 3 месяца назад
Only do pre-orders for new games 🤝
@VideoGameBS
@VideoGameBS 2 месяца назад
Well a company like mine does distribution and we don’t drop prices at least!
@BEEPINGNERDS
@BEEPINGNERDS 3 месяца назад
That's outrageous to pay that much to a distributor for new games! Honestly if you guys sell more used games than new, then it's not worth it
@JoeNayDoh
@JoeNayDoh 3 месяца назад
As much as I enjoy watching the trade ins. Getting the behind the scenes into running a game store is so interesting. Never even considered that you have to pay a distributor full price for a new game to get it on your shelves. Honestly you probably could go without stocking the new games. You'll always have those individuals that beat a new release in a weekend and immediately trade it in. So its not like you still wouldn't have "newer" games on the shelf.
@ekahnoman7331
@ekahnoman7331 Месяц назад
Brags about taking games for free from a little old church lady, when he could have given her money to help her out or given money to the church.
@cliffshockley4406
@cliffshockley4406 3 месяца назад
I remember how much money I lost on new games... I was using a distributor called Navarre, and it was like $0.30 profit at street prices (which were what everyone sold at, so like game "retail" was $69.95 but everyone sold them at $59.95 and they cost me $59.65) and for computer games they old sold opening week it seemed, then you had to discount them 20%+ to ever hope to sell. I kept thinking well maybe it would bring traffic in to buy other products, nope. People just always upset I couldn't beat Best Buy/Game Stop prices and thought I was ripping them off.
@mannymets5687
@mannymets5687 2 месяца назад
Even worse is hardware. Not only did Sony and Microsoft not make them available through distribution for over a year from the release date(catering to online scalpers and the big box stores), they charged around $585.00 plus shipping of at least $10 for the $599.99 PS5 console , so if a small retailer sold a PS5 for $599.99 and the customer used a credit card ($600 x 3.5% = $21 in bank processing fees); the end result was the small retailer losing around $16. In order to break even.The small retailer would have to sell 3 $60 games with it!! Long ago there were some decent margins with hardware; however when Walmart and BestBuy made their strong pushes to gain more market share; they destroyed the margins on both hardware and software. The last game system in which the small retailer was able to make an acceptable 20% on hardware sales was the 3DO system. I had 18 game stores in the Philadelphia area back in the early 90s thought to 2003 when I sold the chain to EB Games. What the manufacturers did was take those margins and give them to the major retailers via advertising money. That is how they avoiding getting in trouble for giving kickbacks. These perks were never given to smaller retailers. Also, the big chains received price protection for everything that received price drops. Unlike the smaller retailer that lost the discounted $$$; the larger retailer was given a credit for every single dollar discounted. Not only do the larger chains get the games at least 1 day earlier; they get free stuff to give away for preorders, price protections, and millions in advertising. I remember in 2003 when I worked for the company which purchased my company; their gross sales were over 2 billion dollars the previous year, net margin was around 65 million on those sales, and advertising money ( AKA kickbacks) received was in the area of 64 million dollars. Kind of sad that the small guy working his but off made peanuts for doing the right thing for the business and knowing the product extremely well, and companies that whore every product they touch such as Walmart, Target, BestBuy, etc get all the perks and also the margins that were supposed to go to the smaller retailer via those illegal kickbacks which were renamed to avoid government intervention.. Obviously they knew exactly what was going on, but money talks, and the little guy never wins.
@RetroTeyoh
@RetroTeyoh 3 месяца назад
Also remember, "Big Chain" stores can take losses and work with smaller margins. Small business don't stand a chance when it comes to new games or electronics. Dont waste your time.
@GaryGrimtooth
@GaryGrimtooth 3 месяца назад
Local retro store here does pre-orders ONLY. So they know they will make money, there is no holding stock that depreciates. Stock doesn't arrive on day one? They go in to EBGames, buy as many copies as they need to fulfil the orders. When the order arrives, they take them all back to EBGames for full refund under their 14 day returns policy. Easy.
@symphonia792
@symphonia792 2 месяца назад
When I go to a local game stores, my first thoughts are used games. It’s always nice to see new games but it’s not my driving factor me to go out to a local shop and buy them. This doesn’t mean that I don’t do it at all. I’m not a business owner, but for pre-orders I wonder if it’s possible to buy the games at the major retailers and sell it with matching price at the shop and write off something to get some profit. It seems like when you hold games for a long time, the price continues to drop, it might be better to grab the bag early for a more controlled risk. Just a thought.
@vinicius401
@vinicius401 3 месяца назад
As a Retrogame Store, I'd say you shouldn't care about new games. Stores can also vote with their wallets so the supply chain knows how the market feels. But there's an argument to be made that those games do bring people in the store, and they may buy other stuff along with it. So there could be an indirect profit. Only you can answer if it's worth it, as only you have the past orders of your customers to check how this indirect profit is actually being relevant.
@GrindWeCrust
@GrindWeCrust 2 месяца назад
Dragon's Lair definitely changed my life. A fully animated game in the 80s was amazing to me!
@tsuich00i
@tsuich00i 2 месяца назад
Age of Empires III came with my then new, first laptop. It forever solidified my love of history and definitive edition is still going strong with another DLC pack on the way due late this year. I was also transfixed by the level of detail in Anno 2070 and spent countless hours on it perfecting my city. So many others to rattle off, but those two were game-changers for me way back when.
@WarioSaysSo
@WarioSaysSo 3 месяца назад
Its insane how there can't be any margins for the stores to order games. That is criminal and always been my opinion. Before I studied at University I worked in electronic retaling and we sold games & consoles, but the store manager always complained on the margins, and while I loved we having them as a gamer, I could still get his view. The publishers & distributers should value stores for not only selling and market-displaying selling there products, but also for keeping the culture alive. Having all digital will never provide any of that + you can never be even sure you "own your copy" when they can be seemingly easy to erase from library & store (?). I really dislike "digital only" for games and movies and music.
@denvernaicker8250
@denvernaicker8250 3 месяца назад
the audience could not afford the games for them to be flying off the shelves, yet appreciated the artwork and gameplay that created the experience, i played shareware demo versions from magazines of games because of the price of a full game as a kid, this was during the late 90's period.
@WarioSaysSo
@WarioSaysSo 3 месяца назад
@@denvernaicker8250 Yeah I remember that. Games was more expensive back in the day. Yeah I did similar back in the day with demos.
@patrickmurphy9470
@patrickmurphy9470 2 месяца назад
Final Fantasy lll SNES (Vl in Japan) was my first Final Fantasy and my all time favorite game.
@Julusnc
@Julusnc 3 месяца назад
I ran a sports card and gaming card shop for twenty five years. I never found a reliable distribution outlet. The direct route is usually just a way to tie your money up for months giving the company a interest free loan.
@Fast_Travel_Gamer
@Fast_Travel_Gamer 3 месяца назад
I recommend going strictly used unless someone trades in sealed games. I never go into a local store looking for a new game. I know they rely on used games to stay in business so that's what I'll buy.
@musstyelbow8253
@musstyelbow8253 3 месяца назад
New games are similar to tobacco sales at gas stations. The gas station isn't making any money on the tobacco, but it brings customers into the store to purchase the higher net margin products. A necessary evil, unfortunately 😢
@alexhampson9684
@alexhampson9684 3 месяца назад
Loss leaders - if all other stores are saying they don’t carry them… then you’re the only one. Take a small loss (or break even) to get them into the store and then if they get a loyalty card (or points for purchases) they come to only your store for those perks. In essence you’re paying for customers that prefer new games (rather than paying for advertising).
@alluringazay958
@alluringazay958 2 месяца назад
The original resident evil. I had never experienced fear and anxiety from a video game. Movies? Yes. From a video game? No. The fixed camera angles and general claustrophobia of that game was such a game changer.
@John_Papasergio
@John_Papasergio 3 месяца назад
new games only on a preorder basis. if anyone cancels, charge a restocking fee to cover any up front loss
@TK1000
@TK1000 3 месяца назад
It's not just about selling new games, although that is huge IMO -- but as a store like yourself, it's about selling collector's/special editions of new games. Although these are few and far between, if customers don't associate your store with holding new games, they wont associate it with collector's editions of new games. Also, from what I know, distributors only have so many special editions of a new game, so you need to be in their good graces to get some units. Perhaps it's not really worth it financially to sell these, but as a rare collector's store, to me, sounds like something you must have. Probably aim to break even (or minor profit) and call it a day.
@DerekVasconi
@DerekVasconi 3 месяца назад
Hi Rick! I came here for the bitcoin advice, but I'm staying for this Retro Life! Lol... see what I did there? Three points: 1. Your answer to the problem with selling new games is right in front of you. Bundle those games with something else from your store. You can offer what other big box stores can't... the old with the new. For example, if you sold a new Final Fantasy game, you could include an older Final Fantasy Game, maybe a Final Fantasy toy, etc. This way you can up the price of the item and make sure it sells and also move inventory. That is what I would do. 2. Ultima: Exodus for the NES is what changed my life. It's the very first game I bought right after getting a NES for my 9th birthday. Changed my life. Before I played that game, I never came inside the house until evening, when it was time for dinner. After I got sucked into this game world (which at 9 years old, even with Ultima's archaic graphics and frustrating gameplay, I was imagining myself quite easily in this entire new form of child's play), I never would leave my room... except to eat dinner lol. 3. Question - Do you have like baskets or carts at the front of your store? I didn't see any. I imagine if I came into your store, I would need at least a basket to put all the items I want to buy in your store. Just wondering about it. Anyway, keep it up Rick. Your channel is something I watch every single day. Much respect to you!
@John117M63
@John117M63 3 месяца назад
If Rick is losing money on new games then no wonder bestbuy and other major retailers are stopping physical media.
@Security848
@Security848 3 месяца назад
the big stores pay less cause they buy in bulk.
@michaelstokes4469
@michaelstokes4469 2 месяца назад
Link to the past, hearing and visually seeing the rain blew my mind as a kid.
@LandonSmith-qd2bl
@LandonSmith-qd2bl 2 месяца назад
Hey Retro Rick! What editing software do you use to edit your videos, and what do you use to make your thumbnails?
@staygold6787
@staygold6787 3 месяца назад
Blows my mind that a Canadian distributor is giving you the best deal. After shipping and duties and whatnot. Are there not tons of video game distributors in the USA?
@HassieLis
@HassieLis 3 месяца назад
My first thought would be to ONLY have a very select handful of the new games (games that have a ton of hype) to be a loss leader. I wouldn’t even mess with the distributors if it essentially costs retail once shipping is applied, just go buy them day one from BB, WallyWorld, Target etc. so that you’ve got a handful on the shelf. You’d be mitigating risk and solving the release day stock problem all at once. Ultra focus on pre owned and let the big box stores take those hits on new.
@scottyhebden
@scottyhebden 3 месяца назад
Cant remember the last time I bought a new game from a store, always online these days due to price. When I worked in a game store we didn’t make any profit on new stuff either and that was 15 years ago! We were always told to “push the pre-owned!” 😂
@SpawnofJack
@SpawnofJack 2 месяца назад
When I was a kid my parents owned a gamestore from 1998 to 2000. New games served the purpose of getting people to trade games in, and that was about it. Doesnt suprise me that distributor pricing hasnt changed in 25 years. Do you guys find that keeping new product in stock helps facilitate trade ins?
@Pow3r-Up
@Pow3r-Up 2 месяца назад
I remember I spent the weekend at a friend's house for his birthday and his dad rented us a PS1 and Road Rash 3D. That was my first real experience with a 3d game and being able to just drive around it's semi-open world was amazing at the time. The jump from Sega Genesis music to the vocal cd quality music was such a change too, I will never forget it.
@OBrienDesigns
@OBrienDesigns 3 месяца назад
Duke Nukem : Zero Hour was my life as a child. Time To Kill was amazing as well.
@anillaga4606
@anillaga4606 3 месяца назад
Small business struggles are real. I’m a fellow small business guy and it’s not easy out there when you are dealing with things like tight margins or big box stores selling things at your actual cost or lower than your cost.
@Security848
@Security848 3 месяца назад
big stores pay less cause they buy in bulk
@retroordis
@retroordis 3 месяца назад
I would continue to carry new games as they will bring you more trades/more product. However, I would probably try to carry only the popular titles (have them in low stock) other than having to order for people who pre-order.
@barrygearheart7000
@barrygearheart7000 2 месяца назад
WWF ROYAL RUMBLE was monumental to me. I remember waiting anxiously for it to come out and saving up my money to buy it.
@BowsettesFury
@BowsettesFury 3 месяца назад
Stay away from new games unless they come in used and are complete on cart/disc. Easy.
@DK-BayBay
@DK-BayBay 3 месяца назад
I wouldn't sell new games at all. Prices drop so quickly and then enter online services for free. Its partially why I'm out of the retro gaming scene. As a family man with multiple obligations, its far more cost effective to jump on Nintendo Online or PS+ to play some retro games from time to time vs spending money on a physical copy that more than likely I wont beat or play for more than 1-2 times. I started selling off some of my collection because I can still play those games via those live services should I want to. Others I knew I wasnt going to play anytime soon. Harsh reality. And from a consumer perspective, your future target audience has no attachments to any of those older titles, and things they play today are mostly free to play or digital purchases. Things theyre playing are mostly online multiplayer experiences that have a limited shelf life. Something to consider.
@richardnelson7442
@richardnelson7442 Месяц назад
Lunar Silver Star Story and MGS 1 changed my life. Introduced me to game genres I never knew existed.
@KindKraken
@KindKraken 3 месяца назад
His a big question Why have a store at all when they average under 30 wont even set foot into it? I KNOW the Store wont turn a profit long term. The NEW games are just a small part of the problem.
@MovieSceneDeepDive
@MovieSceneDeepDive 3 месяца назад
Not sure how many different ways you can interpret a 2000 year old book written by man but by all means do something that makes you feel accomplished
@darksideofthefandom7373
@darksideofthefandom7373 3 месяца назад
HALO: COMBAT EVOLVED NEW OR OLD GAMES: you need to make in-store deals when purchasing new games (buy one new game, get 20% off retro game/ controller etc.) figure out a way to get new walk-ins to explore other areas of the store. deals deals deals. also, i'm pretty sure you guys have a lot of inventory in the back of your store.. have you guys ever thought about cataloguing it and making like a touch-screen kiosk area where customers can browse items not yet stocked? would be sick
@princeroan
@princeroan 3 месяца назад
Super mario rpg. It got me wondering as a little kid in elementary what rpg meant and I asked all my gamer friends in school and no one knew what it stood for. As I got older I finally got my answer and got into the genre from there. Till this day, rpg games are my favorite types of games to play.
@hs41069
@hs41069 3 месяца назад
Goldeneye, mortal kombat on sega, and turtles arcade at the bowling alley. All my first memories of not ever wanting to stop playing
@popculturehero
@popculturehero 2 месяца назад
My local game store has a partnership with Limited Run. So they will carry those new games. I usually buy other retro games while I'm in the store.
@chrisandedina
@chrisandedina 3 месяца назад
It's called a lost leader. Nearly every shop has them unfortunately. It's not for every business and might not be right for you.
@baldybald100
@baldybald100 2 месяца назад
Damn! I wanna go visit your store!!! 😍 Maybe one day I’ll take a road trip from tx
@__Guyver01__
@__Guyver01__ 2 месяца назад
If a local business has a new game that I want, I'm going to prioritize the local business first, even if I could get it cheaper through a Big Box store or Amazon.
@andrewmorganroth5463
@andrewmorganroth5463 3 месяца назад
Die Hard Arcade changed my life after playing it at the Arcade in my hometown. It was the game that made me want a Sega Saturn over an N64. At the time I didn't know if Die Hard Arcade would make it on the Saturn but it did months later. Best Birthday present ever!
@modandpopthrift1230
@modandpopthrift1230 3 месяца назад
I’m not in Arkansas, so I don’t think it matters much but when I go into my local game store I don’t even look at the new games if I want a Nintendo switch game and they don’t have it used. I will just wait… or order it used on eBay
@Dcf9318
@Dcf9318 3 месяца назад
Could you do just preorders on new games? That way you don’t have the product sitting on the shelves? Also, would it be more efficient to buy the expected sold amount and pay the shipping than buy so many you get free shipping?
@sketchylurker
@sketchylurker 3 месяца назад
Golden Sun on GBA was a game changer for me. First jrpg I ever played
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