Friday, November 23, 2007

Should You Invest in a Videogame Ecommerce Solution?

Play N Trade is a good example of an upstart videogame franchiser that prides itself in unique ecommerce solution "try before you buy".

WHO IS YOUR TARGET MARKET?

Your target market is the younger crowd. Videogame products keep on booming as the giant manufacturers Sony, Microsoft, and Nintendo are continually innovating. The gamut of customer reach is universal. For example, Nintendo gets a big share of the market with the Wii, because the console is designed for the whole family to play.

WHEN SHOULD YOU SELL?

Videogames have recently caught up with many other products being transacted online so now is the best time to sell. Also, with the holiday season ushering in, retailing most sought after videogame titles and consoles may actually send in the big bucks.

WHERE DO YOU SELL?

Sell online, because most gamers are tech-savvy and are part of an online community of enthusiasts also. Franchisers as Play N Trade or Gamestop retailers have brick and mortar stores and warehouses that complement their ecommerce store.

WHAT IS YOUR UNIQUE ECOMMERCE SOLUTION?

Play N Trade is a good example of an upstart videogame franchiser that prides itself in unique ecommerce solution "try before you buy". I've seen a lot of businesses work around this philosophy also. In my own opinion, if people are going to drop by in-store to try out products, they will be encouraged to buy. However, it is also a risk taken with care, since if the products are not high quality or the location is not geographically spot-on (remember this is also a brick and mortar franchise), then whether people will buy after they try remains a question.