Collector’s Edition – The Hidden Jewel
If you have been a gamer for any amount of time, you no doubt have at least considered purchasing a collector’s edition of your favorite type – but maybe weren’t all that crazy about dropping the extra loot a few figurines, a printed manual (that used to come standard), and may be a bit of extra DLC you can buy later at a discount.
However, smart and savvy gamers that are serious about playing the latest titles – but also boosting their bank accounts at the same time – have been snapping up collector’s edition titles for years and years now, and cashing in thanks to the explosion in popularity of the gaming industry in general.
You may not be all that crazy on the surface about spending two times (or sometimes as much as three or four times) as much for a collector’s edition box set flush with all kinds of extras, but there’s something awesome about being able to resell a collector’s edition later down the line for a boatload of money that makes it all worthwhile.
Here are just a few critical details you’ll want to pay attention to before you start dropping money left and right on collector’s edition box sets.
Let’s dive right in!
Not every collector’s edition is a winner
The first thing that you are going to want to do is pay close attention to the actual titles that have the potential to become game changers, and choose to invest in those collectors addition box sets if at all possible.
A box set (not even a collector’s edition, but just a cardboard box set) of Ultima Online can fetch a ridiculous amount of money today, even though the game is almost 20 years old!
Ultima Online was responsible for creating the MMORPG environment that most of us are familiar with today, though, and fans of that classic title are looking for anything and everything in pristine condition that brings them back to those early days.
Do your research
The best way to do your research is to check out Google PPC programs, Facebook advertising, and any other online advertising avenues that let you do a bit of in-depth keyword research.
This is going to let you people behind the curtain, so to speak, to really understand what games people are searching for, the volume behind those searches, as well as other information that will allow you to capitalize on the best opportunities that can pay off later down the line.
It’s a good idea to get your hands on a release calendar from all of the major (and most of the minor) development houses in the gaming industry as well. Integrating this into a program like Google calendar (complete with alerts) can be just enough to set you over the edge and make a ridiculous amount of money on collector’s edition video game box sets.
Be smart about the games you decide to back
It is not only important that you try to capitalize on games that are going to be ridiculously popular when looking to purchase collector’s edition titles for your investment, but you should also be on the lookout for titles that are absolute flops and undersell dramatically.
These kinds of titles have a weird habit of quickly turning into cult smash hits and successes later down the line, and if you have your hands on a rare collectors addition of a title that only sold a few thousand copies (if that) you’re going to be sitting on top of a digital gold mine.
“Extras” are absolutely everything
Collector’s editions are jam-packed with so much more than just a game, a manual, and maybe a bit of extra information, and the more extras that you can get out of a collector’s edition the better off you are going to be.
Skyrim, for instance, had a collector’s edition that came complete with a limited edition figurine, in-depth lore and history book, character design and artwork that had never before been seen, and a whole host of other bits and pieces that really made it worth a lot more than just some simplified and streamlined plastic case that most video games compacting.
The more extras that you are collector’s editions have, the better off they are going to be – at least when it comes time to flip them for a profit.
Pre-order to lock in the lowest prices
Anyone that knows anything about investing understands the importance of buying low and then selling high.
However, most of the gaming industry is locked in at the same kinds of prices across the board, and the only opportunity you will to get in on a cheaper price tag is to purchase pre-order collector’s edition titles as soon as you get the chance.
It might feel a little bit weird to drop cash today to get your hands on a collector’s edition title in a few months, understanding that you aren’t going to be playing it anyways – but when you’re looking to make an investment, this is the right way to go.
Condition is everything
Like any other collectible, condition is going to determine the value of your videogame collector’s boxes – so make sure that you treat them with respect and do absolutely everything in your power to keep them pristine, brand-new looking, and damage, dent, or debris free.
This is definitely easier said than done, but taking the time to secure your investment is going to help you rack up the dough when it comes time to sell.
Scarcity boosts value through the roof
There is a difference between “standard” collector’s edition titles and rare collector’s edition titles – and you need to focus the second type if you are to maximize your investments.
Scarcity is always a key motivating factor in increasing value on products, and the scarcer or rarer that your collector’s edition is the more you will be able to command when it comes time to sell.
Run your numbers
Finally, you need to make sure that you are actually selling your videogame title for a profit – and not just flipping it for a handful of extra dollars then what you ended up paying originally.
The secondhand collector’s edition market is exploding right now, and investing in (and then holding) those titles for a later date is one of the best ways to maximize their value across the board.
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