Tag: retrogamer

Be sure to visit us at our GoFundMe page too! Click here to go there now!

Today is Day #3 of our GoFundMe campaign! And with today’s update we are sharing our selling and rewards strategy!

Again, this is copied right out of our business plan. We are a community supported store, and because of that we believe in transparency. You know what we know.

Selling Games
Replay Games focuses on fair market value for its product. Pricecharting.com is a great tool when it comes to determining the market value for different video game products, and serves as the basis for Replay Games pricing model. Pricecharting.com does the hard work for you by looking at different major online sites like Ebay.com and collects data for every game released. When looking at a price over time, and comparing to different online websites, Pricecharting.com is able to come up three different market values for a game: incomplete (without a case or manual), complete (includes original case and manual), as well as the unopened or “collector’s” price. While Pricecharting provides us with a basis, we do compare our local competitor’s prices when considering out final price. This often means we have a lot more flexibility in what we offer for buying from customers as well as comfortably undercutting our competitors based on the “true” value of the game.

The majority of pricing Replay Games uses will be based on the incomplete price. For used video games, Replay Games uses a simple formula of $2 + 40% profit margin. The $2 is reserved for restoring and processing each used video game. Newly released video games are strictly controlled by the industry, which lock retailers at a 20% profit margin on their product.

Sales Reward Program “Rupee Rewards”
For every $100 the customer spends on video game products, the customer will earn a $5 credit that can be used for anything in the store. There is no expiration on this discount program, and only applies to video game purchases. We know that most of our competitors offer similar discount programs, but often attach expiration dates to those discounts to try and force their customers back into the store in a timely manner. Replay Games doesn’t believe it needs to enact such practices.

In addition to this update, we have more content from the Entries of the Den to share!

15th Anniversary: Jet Set Radio Future by Smilebit

VG OST: Mega Man X

15th Anniversary: Crash Bandicoot: The Huge Adventure by Vicarious Visions

15th Anniversary Games: Jan-March 2002 Honorable Mentions

Help spread the word!

Be sure to visit us at our GoFundMe page too! Click here to go there now!

Be sure to visit us at our GoFundMe page too! Click here to go there now!

We’re live! Today is the first day of our 40+ GoFundMe campaign! To kick things off we want to share with you a major concern we’ve received from people.

“What if we want to write you a check in support of your campaign instead of donating online?”

Great Question! You can email me at cj@replaygames.us and I will send you my address to which you can send a check. Or as there are many of you I see often, we could meet somewhere and discuss this project in more detail.

The really great thing about GoFundMe is that I can add “offline” donations to the goal, so even if you don’t donate through their platform, you can still help us achieve our goal!

Today’s business plan update is “What will the money be used for?”

When I met with the bank, I was greeted with excitement for the project. They love the idea of Replay Games, and think that it is extremely viable. However, the reality is that the bank looks at it from only their perspective of safety. They will only look at the project as a “worst case scenario.”

What does that mean? Well, if I need $150,000 to make this project happen, then I would need to raise as close to $75,000 to get a loan for $75,000.

So, what does that $150,000 get us? The intention is to secure the store, the space, and monthly operating expenses, minus the cost of premium for the loan for the first year. This will allow Replay Games to solely focus on the community. This is a major piece of our plan for a successful first year. Virtually all profits from the first year will be pooled for the 2nd year operating expenses and so on. It is easy to see why this philosophy is so vital to our launch.

So without further ado, here is our budgeted plan for the startup of Replay Games copied directly out of our business plan.

Strategic Budget for Funding Request

Replay Games will use this starting capital for the following purchases, expenditures, and expected expenses:

Schnase’s annual salary………………………$42,000
Building Lease first year………………………$32,556
Starting inventory acquisition…………….$25,000
Video games…………………………………………….$23,500
Console Lock Boxes…………………………………$1,500
Hiring 2x PT employees……………………….$20,000
Furniture & Equipment for Pixel Den….$15,169
TV’s for each station………………………………..$9,466
12x 48” 1080p TV’s…………………………………….$6,000
6x Framemeister for Retro Upscaler………….$2,400
Entertainment frames…………………………………$600
Surge protectors…………………………………………$250
Entertainment shelves for each station……..$120
Coffee Tables for each station……………………$96
Chairs – 48x Poang Ikea Chairs……………..$3,903
Speaker System……………………………………….$1,000
Metal Folding chairs for dining area………$350
3x 8 foot tables………………………………………..$300
Cabling…………………………………………………….$150
Equipment: Other…………………………………$8,175
Extreme POS software and hardware……$3,000
DVD Resurfacer………………………………………$2,000
Store Signage…………………………………………..$1,000
Display tables for merchandise………………$800
Display Fixtures……………………………………….$400
Tables for Fixtures……………………………………$400
Color printer for display merchandise……$475
Locking Drop Box – Rental Returns………..$350
Janitorial & supplies…………………………………$150
“Open” with store hours LED Sign…………..$150
Office supplies………………………………………….$140
Binders for non-display laminates…………..$50
Bins/Tubs for cheap/impulse buys………….$50
3 hole punch……………………………………………..$10
Advertising…………………………………………….$3,000
Insurance……………………………………………….$1,100
Security system……………………………………..$2,000
Cameras……………………………………………………$1,200
Motion Alarm……………………………………………$400
Fire Alarm…………………………………………………$400
Utilities…………………………………………………..$1,000
Internet…………………………………………………….$720
Phone……………………………………………………….$280

Total……………………………………………………….$150,000

As the campaign progresses we’ll share more details for each item purchased. Stay tuned! Let us know of questions or concerns you may have!

Be sure to visit us at our GoFundMe page too! Click here to go there now!