Local video game and console shop

Gamers of all ages, parents buying gifts, retro collectors and people trading in games they no longer play.

Margin on used games, trade-ins and accessories is usually much better than on new releases, which are often tightly priced. Extra income can come from console repairs, preorders and gift cards.

• Good knowledge of games and consoles
• Pricing used stock fairly
• Customer service and chatting with regulars
• Basic bookkeeping and stock control

• Public liability and stock/contents insurance
• Lease terms, including rent reviews and fit-out obligations, so get advice before signing
• Used goods rules differ by state, check whether you need second-hand dealer records or a licence with your state's fair trading body
• Check you're not buying stolen goods: keep ID and records for trade-ins
• Margins on new releases can be thin and stock can lose value quickly
• GST registration once turnover reaches the threshold

Estimates suggest startup costs typically around $25,000 to $100,000, depending on your lease, fit-out and how much new and used stock you buy. Stock can lose value quickly, so budget with care.

Used goods rules differ by state, so check whether you need second-hand dealer records or a licence with your state's fair trading body. Also keep ID and records for trade-ins to check you're not buying stolen goods.

Monthly revenue is typically around $8,000 to $40,000, depending on location and stock mix. Margins on new releases can be thin, so results vary. Estimates assume at least about 40 hours a week.