If you are a gamer with a desire to own a business, then, opening your own video game business will be your best option to start-up. The demands for video games are continuously rising, both, in developed and in developing countries. But before starting the business, you should establish a business plan, just like while clearing a particular level in a video game. And with that, you will also have to secure all necessary licenses and a variety of investments and registration of business in LLP, Pvt Ltd company registration, partnership and one Person company.
- CREATE BUSINESS PLAN-
Build a strong but simple business plan for your business. Select a particular theme, one that describes your video game store in the best way possible. Do research and development from your local competition and but be different, the most critical part. You will have to be unique with your approach, following the current trends, but still being different from the competition. Design and develop your website that will also provide online troubleshooting for that particular game, as well as FAQ’s, and also act as an e-commerce portal. Decide how you can be different from other stores by offering lower prices on newer games, and by providing new games as soon as possible. If you cannot afford opening a new video game store, you could also start selling games and consoles online from home by e-commerce sites.
- GET BUSINESS INSURANCE AND LICENSE-
Acquire business insurance and license. Study your state government business website about what kind of permits you require to start your business then visit the location where you can apply for permits and wait for approval to start doing business. Also GST Registration Online help you out to enjoy various government policies. Purchase insurance to preserve your stock from theft and damage as well as liability insurance to safeguard your customers from injuries they may sustain from accidents in your store.
- FIND OUT LOCATION-
Location is crucial for every business store, and it affects the business as well. Consider establishing your store in a shopping center or a mall that attracts the target audience like teenagers and young adults. Select the location which has enough space to arrange the video games as well as for other facilities. You could also start the business by renting a place. If you cannot set up the business because of the high cost so you can start an online business website as a virtual store.
- GET SUPPLIES AND EQUIPMENT-
Provide hot new games and systems in bulk. Deal with wholesalers to get reasonable prices, or deal directly with the game company. Buy in bulk only if you think the games and systems you are sure will bring in good profits. Visit thrift shops, online auction sites, flea markets, garage sales to get the best deal on used games and consoles. Make sure to get a cash register, credit card machines, and other necessary office supplies.
- ADVERTISEMENT FOR A STORE-
Marketing of your video game store is essential. Advertise in publications in both print and online as well as in online game websites. Convey Grand opening for your store and offer a sign-up sheet for the mailing list. Contact customers frequently through email give information about new inventory and deals and provide email coupons to motivate new customers to visit your game store. You should also create the websites and make an account on social networking sites then promote your sites.
Things Required:
Virtual store or storefront
Credit card machine
Cash register
Video game consoles
Video games
Business license
When starting a business, you have to be strong and resilient for achieving the set goals. Make business plans, take risks, but savour every moment and have fun. Hope this Article was fruitful for you.
