Videos games are quite popular in many homes — mine included! According to TechRadar, Sony's PlayStation 4 continues to dominate the market for both console and video games. One of the main reasons why many prefer the PS4 over other consoles is that it offers a longer list of exclusive games.
Even the data from the Market Research Lab shows you just how in-demand PS4 video games are, with a 53% sell rate overall, and much higher rates for popular titles!
We have done the research and collected the data for you to help you start selling this week's highly profitable niche.
In this week's Monday market of the week you'll find information on:
Before taking the big leap, let's do a quick review of the data from our Market Research Lab and our preferred keyword research tool, AffiloTools. Then you can decide for yourself if you want to the join the ranks of online sellers selling PS4 video games (or not).
Let's start with the top 5 best-selling PS4 video games
There are many genres of PS4 video games available on the market, catering to a wide variety of gaming preferences, but below are the top 5 video games you might want to list in your stores.
For more options, check out the top 24 games featured on TechRadar.com. Join us as we dig deeper and learn why you should sell PS4 video games.
To help us check the market for a niche, we like to turn to our very own Market Research Lab. Let's take a look at why selling PS4 video games is not only a good idea but a highly profitable one!
PS4 video games are selling like hot potatoes, with a success rate between 94% and 100% for the titles in the lab! It's hard to come by products that move this well, so when you find them, it's definitely worth a look. Running an eCommerce business is not always easy and will oftentimes prove to be a bigger challenge than expected — but if you look for items with a high sell rate, you are more likely to succeed.
Ideally, your target profit margin is at the very least between 5%-10% per item, after any selling and transaction fees. Any lower and there would be no money to be made! This is why a solid average selling price is crucial. Just make sure you can find the products at a price well below market value! Remember that the best way for you to maximize your profits is by buying your stock in bulk. The higher your order volume, the lower your unit price will be. Go for wholesale if you have the money, rather than dropshipping individual titles.
Another key factor is market competition: What good is a product with a high sell rate and a solid average price if the market is too saturated for you to make any sales? Always go for products with low competition — that way you'll have a relatively easier time making sales and staying competitive in your chosen marketplace.
You have to be able to direct traffic to your store and/or listings to make sales. The key to achieving this is the keywords you are using. If buyers can't find your product in the search engines, they can't buy it, and search engines (even eBay and Amazon's) rely on keywords to deliver the best results. To help us find the right keywords, we turn to the AffiloTools Keyword Research tool. Below are some of the top-ranking keywords for PS4 video games.
Look at those search volumes: 49,500 local searches for "new PS4 games," followed closely by "PlayStation 4 games" at 33,100 local searches. Just imagine if you could attract even a fourth of that traffic — that could easily translate to a lot of dollar signs!
You can sell these games as stand-alone items or bundled together. You can even offer promos such as "buy 5, get 1 free." The best approach with this tactic is to offer a game that isn't selling well as your freebie, to help clear out some storage space (if you are buying in bulk and storing them in your garage or home).
We have over 20 PS4 video games dropshippers which all ship globally and have been verified as safe and legitimate. You can access them instantly here within our directory. You can access them instantly here within our directory.
Also, we'd love to hear from you about your experiences selling video games, specifically PS4 video games. If we missed out on any vital information or left off an important tip, do let us know! Please feel free to share advice in our comments section below.
Disclaimer: The information published here is strictly for informational purposes. All above product items are only suggestions for possible products which will sell favorably, and should be used as a guide only. At the time of writing, all above products were researched using methods recommend by SaleHoo and found to be potentially profitable for sellers. All sellers are encouraged to conduct their own market and product research.