Online used video game seller

Gamers, collectors and parents looking for older or cheaper titles and consoles.

You buy low from trade-ins, garage sales and bulk lots, then resell at a higher price. Rare and retro titles usually earn the best margins.

• Knowing games, consoles and what collectors want
• Testing and basic cleaning of hardware
• Pricing and keeping stock records
• Packing and shipping carefully

• Check whether you need to register for GST/HST once your revenue passes the small supplier threshold, and how provincial sales tax applies
• Counterfeit or modified games and consoles can be an issue, so verify items before buying and selling
• Check whether your municipality requires a home-based business licence
• Consider insurance for stock and shipments, and check marketplace rules and fees

Estimates typically run around $500 to $4,000 in startup costs, depending on how much stock, testing gear and packing supplies you buy. Treat this as a rough guide, not a quote.

Monthly revenue is typically estimated at around $500 to $4,000, depending on how much stock you sell, your pricing and the hours you put in. Revenue is not profit, so allow for stock, fees and shipping.

Check whether you need GST/HST registration once revenue passes the small supplier threshold, how provincial sales tax applies, and whether your municipality requires a home-based business licence. Also verify items to avoid counterfeit or modified games.