Buying Untested Consoles from Goodwill - Can I Turn a Profit?

TLDRIn this video, I test and explore 10 untested consoles bought from Goodwill to see if I can make a profit. Join me as I uncover the condition and functionality of each console and reveal any valuable games included.

Key insights

👀Some consoles may require repairs and troubleshooting to make them functional.

💰Finding valuable games or accessories can significantly increase the profit potential.

🔄Some consoles may have backward compatibility, adding to their value.

🕹️Testing the functionality of each console is crucial to accurately assess its worth.

💡Understanding the current market demand for specific consoles can help determine their resale value.

Q&A

What are some common issues I may encounter with untested consoles?

Untested consoles may have faulty power supplies, disc drives, or display issues. These issues can be resolved through repairs or part replacements.

How do I determine the value of a console?

Factors like the console's condition, included games or accessories, and current market demand influence its value. Researching completed listings on online marketplaces can provide insight into the going prices.

Are there any hidden treasures to look out for?

Yes, sometimes rare or valuable games, limited edition consoles, or unique accessories can be found among untested consoles. These unexpected finds can significantly increase your profit.

What tools and skills do I need for testing and repairing consoles?

Basic tools like screwdrivers, cleaning solutions, and thermal paste may be necessary for console repairs. Some knowledge of electronics and troubleshooting skills is also beneficial.

What are some tips for successful reselling?

Clean and refurbish consoles, test their functionality, accurately describe their condition in listings, and research the market to set competitive prices. Good customer service and transparency will help build a reliable reputation.

Timestamped Summary

00:00Introduction: In this video, I purchase untested consoles from Goodwill with the goal of turning a profit.

02:00Console 1: Fat PS3 with a scratched exterior. Unfortunately, it has the yellow light of death, requiring further repairs.

07:00Console 2: Xbox 360 Slim. Works perfectly and even comes with a free game, Red Dead Redemption.

12:00Console 3: Black Wii with GameCube compatibility. Requires cleaning, but functions well.

18:00Console 4: White Wii. Disc drive issues resolved with cleaning. Works smoothly.

24:00Console 5: Xbox One. Scratched exterior but functions properly. No free games included.

29:00Determining the resale values of each console based on research and market demand.

32:00Conclusion: Assessing the profit potential of the purchased consoles and sharing tips for successful reselling.