Monday, March 31, 2014

Decluttr Your Games

Perusing the business section in the Wall Street Journal (what...I can be high brow sometimes), I was surprised to see a blurb about a used game business. Not because it dealt with video games, which The Journal typically shys away from, but the business model of Decluttr. Cute name.

Their business model is fairly straight forward. Decluttr will buy all of your games.

No seriously.

All of them.

Even that beat up copy of Madden 2012 that you own.

Unlike GameStop, BestBuy, or even Amazon, they will buy all of your sh*t no matter the condition. They also purchase CD's, DVD's, and most media content for resell.

The company began in England in 2007 and recent migration to the US have netted them over a whopping $150 million in revenue last year.

Holy crap. For a lot of crap!

Here's the logic: When you go to a GameStop with a pile of games, after the first few the sales associate will most likely say "We can't buy these. No one will want those" and offer you nothing for a few games, and a measly amount for the rest. It's discouraging and can turn people away from wanting to go through the hassle again with another business, instead opting to try and sell them online through eBay or other auctioning sites. Decluttr doesn't do that. They will take any video game. In doing so, they may find that one nugget of gold amongst the pile of trash that can be resold. Why? Because you're more willing to sell your stuff when they will take all of it. Not a bad deal. Does it mean a potential to lose a profit for a day? Absolutely. But the numbers are no mistake. They're making money from this venture even when products will not sell.

Some reviews that I have read show that they do require you to have the original manual and case for the games - others say they only need the game. Even if it's scratched up, they'll buy it and do any repairs through their facility. So it's best to ask them and read their policies before going through the process.

And like other start-ups such as Gazelle, they pay for the postage to ship your games to them. Their pricing algorithm is based on how much of that title is in stock, how fast it sells, and how much it's currently going for on Amazon and eBay (so you get a good comparison between the high and low end point of sale). Collector's, this may not be a bad way to make some space if you need it...or you want quick cash that isn't through GameStop.

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