yep, plus the wii will be easier for resellers to get. If you've got an extra $250 laying around, why not?
vranaco
Senior Member
posted: Oct. 31, 2006 @ 9:07p
I already asked this in the PS3 thread, but... Do you think we need to sell Wii preorders before launch? Is there any evidence that the Wii will be hard to get, aside from preorders being hard to get?
dealshopper77
Tired Member
posted: Oct. 31, 2006 @ 9:46p
I heard that anyone who is selling preorders is having their paypal accounts freezed. Is this true? or a Rumor?
dealshopper77 said: I heard that anyone who is selling preorders is having their paypal accounts freezed. Is this true? or a Rumor? Read this
dealshopper77
Tired Member
posted: Nov. 1, 2006 @ 7:31a
tlaxson said: dealshopper77 said: I heard that anyone who is selling preorders is having their paypal accounts freezed. Is this true? or a Rumor? Read this
i am not sure if you answered my questions. There are several reports from people in various threads in SD and Fatwallet about their acounts being freezed.
gypsiesinthepalace said: Did anybody buy any from Wal-Mart this morning?
It went immediately to out of stock. No one got any from there yet.
vranaco
Senior Member
posted: Nov. 1, 2006 @ 8:40a
dealshopper77 said: I heard that anyone who is selling preorders is having their paypal accounts freezed. Is this true? or a Rumor? I had mine frozen but the message from Paypal said it was "due to a sudden increase in account volume." Not sure if the preorder is what flagged it or if any item for that much would have done it. I really hadn't sold much recently then within the last month sold several items including 2 lcd tvs and a Wii preorder.
I called Paypal. It took 20 min. to get to an actual person, and they told me all I could do to restore my account was provide a tracking number for all items (which obviously can't be done until nov. 20) or refund the preorder, so that's what I did. I had $4,000 in my Paypal account that I didn't want frozen in there through launch. I thought about mailing the reciept so that I'd have a (fake) tracking number to give, but decided not to risk that in fear that it could get me suspended from eBay/paypal.
I had a friend (who is a powerseller) list another Wii preorder for me, and his account has not been frozen.
Edit: I just called Paypal again (still trying to restore my account- Its now in review, supposed to be taken care of in the next 2-5 days). This time I specifically asked if all people sellling Wii or PS3 preorders were having their accounts limited. I was given a rather vague response of "there was an issue on eBay with the preselling, I don't have an statistics of how many accounts have been limited and how many haven't."
In for one. I had another ready to go but decided to hold off and then it went OOS.
CATCH21
Member
posted: Nov. 1, 2006 @ 12:53p
It's about time, we started this thread. As for the frozen accounts, according to PAYPAL you can not ACCEPT payment until 7 days before shipping.So November 12 is the magic day. Any payment accepted before that = freeze city. This is Paypal I am talking about NOT eBay. eBay rules are different which are posted in the link above.
I just did a quick glance on eBay and I'm simply amazed. The Wii preorders are selling for near 100% of the retail value of $250. I really didn't think it would take off as much as this. Do you guys see these prices dropping significantly once the Wii hits the market on the 20th because there is more supply on their launch versus the predicted shortage with the PS3?
breely
Shopaholic Member
posted: Nov. 11, 2006 @ 2:08a
Mine sold yesterday for 600. I didn't include any extras. I was going to hang on to it, but most people seem to think it won't be impossible to find later. I took a risk, I figured at least I'll be getting mine for free now. I didn't have my paypal account frozen, all funds transferred to my bank already. It was worth my while.
breely, I think it's a risk if you HOLD onto it past the launch date. They're expecting 4 million out by the end of this year with a bulk to North America I believe so this is the best time. Dang, I wish I got in on this...
cooper243
Member
posted: Nov. 14, 2006 @ 2:13p
I sold mine after a preorder from EBgames for $550 or so. I called EBgames and they are actually getting more in than they thought. They are getting in less ps3's. I would say sell now.
MosDeft said: I just did a quick glance on eBay and I'm simply amazed. The Wii preorders are selling for near 100% of the retail value of $250. I really didn't think it would take off as much as this. Do you guys see these prices dropping significantly once the Wii hits the market on the 20th because there is more supply on their launch versus the predicted shortage with the PS3?
ebayers will be buying these up, which will cause a shortage, regardless of how many the stores have. I say it's a guaranteed $100 proft per unit all the way until christmas.
RapaciousEbayer said: MosDeft said: I just did a quick glance on eBay and I'm simply amazed. The Wii preorders are selling for near 100% of the retail value of $250. I really didn't think it would take off as much as this. Do you guys see these prices dropping significantly once the Wii hits the market on the 20th because there is more supply on their launch versus the predicted shortage with the PS3?
ebayers will be buying these up, which will cause a shortage, regardless of how many the stores have. I say it's a guaranteed $100 proft per unit all the way until christmas.
Think there is any profit in the bundles from WalMart (wii + 8 games)?
RapaciousEbayer said: MosDeft said: I just did a quick glance on eBay and I'm simply amazed. The Wii preorders are selling for near 100% of the retail value of $250. I really didn't think it would take off as much as this. Do you guys see these prices dropping significantly once the Wii hits the market on the 20th because there is more supply on their launch versus the predicted shortage with the PS3?
ebayers will be buying these up, which will cause a shortage, regardless of how many the stores have. I say it's a guaranteed $100 proft per unit all the way until christmas.
Time to call up the stores, I anticipate, at worst, 1 or 2 people outside a retailer for these. I just wonder how many preorders will have buyers backing out from $600+ prices.
Prices are way down. There are several console/TP auctions ending in a few minutes that are barely scraping $350.
I just canceled my WalMart.com preorder. No need to deal with a huge package like that only to lose money.
ricwhite
Senior Member
posted: Nov. 18, 2006 @ 4:03p
Prices will tank on these. Not as many are buying these for resale purposes, but come Sunday, the after-markets will be flooded with Wiis. Profit margins will be in the 25% area which means on a $250 cost, the selling price will be in the $300 area or maybe even less. Accessories and games will actually lose money, so any type of "bundle" will not be good. This product does not have much potential for profit, so it is likely not worth the hassle.
ricwhite said: Prices will tank on these. Not as many are buying these for resale purposes, but come Sunday, the after-markets will be flooded with Wiis. Profit margins will be in the 25% area which means on a $250 cost, the selling price will be in the $300 area or maybe even less. Accessories and games will actually lose money, so any type of "bundle" will not be good. This product does not have much potential for profit, so it is likely not worth the hassle. I agree... i found one but passed.
I'm watching the commentary going on at Amazon, it should be classified as a form of torture.
vranaco
Senior Member
posted: Nov. 19, 2006 @ 2:27a
My WalMart had 20 available, and if you weren't there by 2pm you didn't get one. Best Buy is supposed to be getting 80 some systems. I drove by around midnight and my estimate is that 60 people were in line. The two Targets in town had 15 or so people for 30 available systems.
After seeing what happened to PS3s though, I'm guessing that there are a lot of ebayers out there. I decided the campout wasn't worth it, considering I don't know if there is ANY profit involved. If they make money, cool. I've got 5 preorders at GameStop with no camping.
a Wii just sold for $305 - a $50 markup and less incl. tax.
But then again, most of America is in bed right now.
TommyHobbes
Addicted Member
posted: Dec. 7, 2006 @ 8:48a
ricwhite said on Nov/18/2006: Prices will tank on these. Not as many are buying these for resale purposes, but come Sunday, the after-markets will be flooded with Wiis. Profit margins will be in the 25% area which means on a $250 cost, the selling price will be in the $300 area or maybe even less. Accessories and games will actually lose money, so any type of "bundle" will not be good. This product does not have much potential for profit, so it is likely not worth the hassle.
looks like the wii's are better sellers than the ps3's, my wii's are all selling for over $600 shiped
pwrtrader
Member
posted: Dec. 11, 2006 @ 1:33a
RapaciousEbayer said: looks like the wii's are better sellers than the ps3's, my wii's are all selling for over $600 shiped
i'll second that! I'm totally bummed because on launch I had 3 bundles ordered (costco, TRU and CC) but immediately cancelled the CC because I didn't think the resale market was going to be strong. Not to mention I was able to snag all three relatively easily, gave me an uneasy feeling. I even had free shipping on that CC order too if I remember correctly. Kicking myself now because that was a FREE call option for me. Oh well, who would have thought. My PS3's on the other hand can't even catch a bid anywhere.
I sold both of my Wii consoles on dec 1 and 2 (both for $410 console only), and I may have jumped the gun there. I honestly didn't think the Wii's were soing to be that hard to come by. I knew I was in trouble when I was at a Wii target line last sunday with dozens of grandma's. Those kids should be ashamed of themselves, sending out grandma Millie to stand 3 hours in the dark, cold morning. LOL! -eric
cburk
Senior Member
posted: Dec. 11, 2006 @ 12:39p
I sold a Wii for $675.00 last friday. I have one more left to sell this week. Waiting to list until the middle of the week. Rumor is most stores are holding stock until the 17th so the number of Wii's on eBay should plummet driving prices even higher!
I've been buying 2 or 3 every day off craigslist for $350- $400 and reselling them for easy profit, hurry and check CL, folks, the well will run dry sooner or later
pwrtrader
Member
posted: Dec. 11, 2006 @ 3:15p
RapaciousEbayer said: I've been buying 2 or 3 every day off craigslist for $350- $400 and reselling them for easy profit, hurry and check CL, folks, the well will run dry sooner or later
Rap,
I've been thinking about doing this too. Offering up $350 and seeing if anyone bites. I worry a bit though because although I see some eBay auctions ending around $550 console only, the norm I'm seeing is around 400-450. After fees and deadbeats, I would need a lot of volume for any results.
IMHO of course, YMMV.
Keep it coming though...good stuff here.
-eric
cburk
Senior Member
posted: Dec. 12, 2006 @ 3:15p
Man you must have high profit goals. If you can buy on CL for $350 and flip for $600 plus shipping even after fees that is close to $200 profit. Multiply that x 3 per day and you are looking at about $600 per day in profit. I think that is a pretty good supplemental income
RapaciousEbayer said: I've been buying 2 or 3 every day off craigslist for $350- $400 and reselling them for easy profit, hurry and check CL, folks, the well will run dry sooner or later
Rapacious, are you selling just the Wii box only or bundling games/accessories?
My Wii console-only auctions have been selling "only" in the $4xx range.
If you don't mind, can you please link to one of your listings? What time do you end them, which format (auction or BuyItNow), and which listing extras do you purchase, if any (bold, featured listings, etc.)?
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