While price charting is an indispensable tool when collecting anything, it’s also extremely useful for the video game collector. Collecting world-class games is not as simple as collecting books – it’s more like collecting specific film editions. Due to the limited editions and varied distribution methods, collecting video games is particularly challenging. In this case, a functional grasp of PriceCharting is essential. Here are three ways you can use it to sell your video game collection.
Excludes non-commercially released games
The PriceCharting Index includes prices for commercially released, licensed and vintage video games. The PriceCharting Index excludes unlicensed and unreleased games, and all hardware except the games themselves. It also includes the average price for ungraded cards. Prices do not include base cards or variants. Therefore, the PriceCharting Index is an accurate representation of the vintage video game market. This index is based on the average prices for all licensed commercially released games.
The curve for the Playstation 3 is steeper and decreases faster than the curve for the Playstation 1. The chart includes every commercially licensed NTSC game. New releases are excluded during the calendar year of release, which removes the upward bias when new games are released. Prices for Playstation 3 are available here. A sealed Steelbook Iron Man version is selling on ebay for $995. This graph shows the downward trend of console prices in the market.
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Offers omnichannel commerce strategy
A successful omnichannel pricing strategy focuses on providing a seamless customer experience. By creating a single price across all channels, you can ensure the availability of your products in the channels where your customers are most likely to purchase them. Furthermore, a single price will eliminate any risk associated with relabeling products and losing sales due to non-availability. With Pricecharting, you can easily create a unified pricing strategy and effectively communicate your brand message across all channels.
The line between e-commerce and physical commerce is increasingly blurring. Even companies born in the cloud are investing in brick-and-mortar operations. Shopify, for example, has filed a patent to develop technology for in-store commerce. Traditionally brick-and-mortar merchants lamented showrooming. But smart retailers have already adapted to this new trend. They offer pickup in-store and online shopping, offer mobile-specific promotions, and use real-time data to understand their customers’ needs and preferences.
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By offering a seamless customer experience across all channels, an omnichannel strategy will give you an edge over your competitors. Today’s consumers are far savvier than they were years ago. With more information at their fingertips, they can easily conduct their own research and determine what price they’d be happy to pay. Some of them might even use a comparison tool to narrow down their search and make the most informed decision.
An effective omnichannel retailer will understand the economics of each channel. For example, selling $5 packs of pens in a store is more profitable than selling them online, because online retailers have more room to reduce their margins on high-priced items. But this arithmetic becomes more complicated as household economics and customer loyalty are taken into account. With all these variables, omnichannel retailers need a sophisticated model to master an omnichannel commerce strategy.
By implementing an omnichannel strategy, retailers can make the most of the opportunities presented by the Internet. By allowing consumers to choose the best channel for their purchase needs, an omnichannel approach will increase sales and boost customer loyalty. Furthermore, omnichannel retailers will gain valuable insights into consumer behavior. By offering an excellent experience on each channel, consumers are more likely to buy from your products. There’s no better way to create a customized experience for every customer.
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Omnichannel retailers have reached a critical stage in their evolution, where they must make their pricing strategy as important as any other merchandising decision. They must have a single business leader who is able to articulate their overall pricing strategy, set guardrails for different channels, and execute the strategy. The execution of this strategy depends on the relevance of dynamic pricing across all channels. This is because consumers increasingly buy products through multiple channels.