@valharian very valid point. Maybe in Kates instance it resonated with her differently. Kind of like how black people felt empowered when Black Panther was brought to the big screen…
Not saying you’re wrong in thinking the way you do, as you absolutely aren’t, but I guess people ‘attach’ themselves to fictional characters differently. That’s all!
@PessitheMystic the article literally explains what the character meant to Kate, as an out of place teen who was into games with no real role models in the medium to look up to.
@HamatoYoshi Hahaha. The irony of saying ‘ don’t like others views and opinions that don’t fit in with your perfect world.’ when you’ve literally come to this article complaining because the opinions don’t fit in with what you want to see.
@HamatoYoshi ‘ some tenuous link to a game from years back.’.
Apart from the fact Metroid is very much in the public eye. Who the hell are YOU to tell the staff here what they should and shouldn’t be writing about?
Kate - keep doing you, and keep up the great work. Ignore these sad little children who think that you’re here to write ONLY about what they want to read.
@valharian I’m guessing its more a case that a badass leading character is a female more than anything. Less about the (non) characteristic shown by Samus, and more to do with the empowerment that females can have leading roles and do things males can (again, acknowledging this is a fictional video game character)
I guess if you’re a white male, there isn’t many instances of ‘look, there’s a cool character who is the same sex/race/religion as me! Neat’ that you can compare this to, as it’s usually the majority in Western civilisation that the cool characters are portrayed by people who look like you.
@PessitheMystic get a life. Seriously.
What’s part of the title is clickbait? It’s labelled as ‘soapbox’ meaning you know it’s going to be an editorial piece. It’s not as though the article headline is ‘Exciting New Metroid News’.
I swear some people enjoy being negative for the sake of it. The irony here is you’ve clicked and commented on the article, so you’re clearly a slave for this kind of thin if you keep coming back, despite the whinging.
Bart vs The Juggernauts - Game Boy
Bart’s Escape From Camp Deadly - Game Boy
Konami Krazy Racers - Game Boy Advance
Snowboard Kids - N64
Mischief Makers - N64
Will possibly dive into the hacked NES and SNES Classic Mini’s at some stage, fancy some Bucky O Hare, Sparkster, Pugleys Scavenger Hunt, Pocky & Rocky 2 and Gremlins 2.
@tntswitchfan68 point being? Sometimes people miss out on products that are produced in limited quantities due to other commitments (work, etc), so this creates a market for those people to get a second chance.
Absolutely nothing wrong with it. The buyers are happy to pay asking price.
More rumours - why post articles like this? You also pushed the rumours where a new DK game developed by Nintendo would be released around E3 and that never happened…
Gossip and giving fuel to rumours isn’t a good look..
@AnnoyingFrenzy absolutely. I’d rather have a PS5/Switch combo for the best of both worlds but have a PS4 Pro, Switch and Xbox One so will probably end up getting all three at some stage.
Personally feel that Xbox really needs to up their game re exclusive content..
@JayJ No. You’re trying to equate selling an essential item such as toilet paper over something as essentially trivial as a video game console. Completely different thing altogether.
You get it, you know you do, and you’re bowing out without admitting it. Fine, that’s on you.
@Justifier absolutely not. If you want to buy anything and sell it on at a profit that’s between you, and the person who’s happy to buy whatever you’re selling.
@SwitchForce it doesn’t matter. The only thing that matters here is that there are people happy to part with silly money to get a new console that they could have for RRP had they been patient.
@JayJ how is making money from real estate and reselling motor vehicles any different? End of the day the principle is still the same - setting up a business to make a profit.
The buyers don’t have to pay these prices, but they do. Hence there being supply and demand for the products, hence the business model being successful.
@OldMcGroin also - his business is also involved in selling products as diverse as weights, pools, heaters as well as the video games. So that probably means he’s paying for premises somewhere to store these goods, which also eats into the profit…
@PessitheMystic Power to him if he’s making bucks from people too impatient to wait for proper restocks. I mean, the rest of us are barely missing out despite not being able to get next gen consoles, are we?
@tntswitchfan68 it’s not though. People are willingly paying the prices he’s asking, despite knowing the RRP is less. If someone is too impatient to wait for a PS5 and wants to pay more than double the retail price for it, that’s on them..
@MysticX 10% profit is about average for a business. No he’s still $110k better off in the space of a year, at 16, so I’m not sure what you find funny about that…
Bad reporting by Nintendo Life. Seems the kid brought things like heaters, pools, dumbbells, hair clippers and many other items. They’ve made out it’s only video game related products he was selling and buying..
@Farts_Ahoy Grow up pal. Nothing stopping people making a profit in this world. The buyers were happy to pay the prices he was selling for as well. Supply and demand is all this is.
@SwitchForce the thing is, the Nintendo Store updated recently, and there was no (to my knowledge at least) emails to say the Amiibo went live - it was actually a combination of an article on this site to say the Skyward Sword Amiibo was up for pre order and a comment in the comment section that managed to nab the Amiibo I wanted.
Still need to put more time into MHR before getting round to MHS2…
@SwitchForce it was actually a user on here who alerted me that the MHS2 were up for pre order at the Nintendo Store in the U.K. - until that point, I thought it was a Japan/US exclusive as there wasn’t a word anywhere about them coming out over here, to the point I was logging in to Play Asia regularly to if they had the American versions up for pre order.
Massively grateful to whoever it was that pointed it out on here!
@SwitchForce you’re twisting the words. Where does it say that the $110k is pre tax? It doesn’t. If it was a pre tax profit then his tax bill would put him at a loss, as I’m sure the tax on $1.7m would be higher than the 6.47% it would require for him to break even.
I’m pretty sure that the profit future quoted is post tax.
Oh, and he definitely is a scalper. No two ways around it. But power to him for making a cool $110k in a year.
@noobish_hat Capitalism is all part and parcel of businesses, and it’s a big reason as to why technology and science evolves. Big companies earn profits, reinvest those profits in r&d and ultimately the consumer benefits by gaining the benefit of better products.
This isn’t capitalism by the strict business definition, despite the fact he’s profited. In terms of general capitalism, it’s hypocritical to say you’re against it if you’re consuming the products produced by the big companies out there.
@Hellburner918 Get a grip pal. Theft? The fact that people are willing to pay the prices he’s selling consoles and the like for tells any sane person that it really isn’t theft at all.
@zever the crazy part here for me is that there are never usually any must play games on launch for a console! I’m happy to wait for the PS5 and Series X - I’ll probably get the mid gen upgrade if they do one, and the benefit of that is that a lot of the older games will be tons cheaper too…
It’s all about supply and demand at the end of the day.
@Crockin wish sites would give consumers a heads up when pre orders are going live. Countless times on the Nintendo Store I’ve been a nervous wreck for weeks waiting for an Amiibo or special edition of a game to drop, with no notion of when the pre orders we’re going live…
It’s also sometimes an issue of the manufacturer, in artificially manufacturing far less of a product than what the demand is (& yeah, I get why they do it as well…)
@Kriven arguing? Pointing out some obvious things isn’t arguing pal. The only person here who has an issue with what I’m saying is you. To the point you’re pathetic enough to click my profile!
Keep believing that I’m associated with Max all you want if it’ll make you sleep at night. Makes no difference to me how pathetic you are.
I mean, for one, I’m in the U.K. & had no way of choosing my location when I signed up, but clearly I’m an overseas relative!
@Kriven Hahaha. You actually clicked my profile? What a sad case. And yes - I literally created a profile a short while ago. And it was to talk some sense to people here and tell them how things like this work.
@moodycat it’s life. I’ve paid over the odds on products before when I’ve been late to the party - notably when I started collecting steelbooks, and some of the releases I wanted were long out of print.
If all copies of desired items went to genuine fans who ultimately didn’t sell on, it means people like me would of missed out by ‘being late’.
@Stocksy no, it’s not. If he brought and sold 50 Xbox Series X/PS5 consoles, that’s still only (50 x $1,100) of his overall $1.7m revenue, meaning the vast majority of his sales were other items.
If it’s anything like the U.K. over in the States he’d also have to pay tax once he reached a revenue threshold - over $1.7m in revenue suggests he’d have to pay taxes on all his earnings. On top of this, he’d be paying online fees, postage etc.
Wouldn’t class it as ‘lies’ - in business, a 10% operating margin is average. His model is quantity over high ticketed items, and it’s netted him $110k.
@Preposterous except in a lot of instances, you don’t have to be rich. Most pre orders don’t take payment until the item is shipped; if he’s sold the items before he’s paid for them, it’s self funding.
@Stocksy double full time hours? Where does it say this kid was doing this for 80+ hours each and every week?!
Wouldn’t say that he’s ‘doing a bad job’; he’s over $110k better off than he was last year.
‘ I said flipping Ps5 and Xbox SX wouldn’t make you rich and this little fella proves that’. Let’s be honest here, nobody on this site is making $110k a year.
A 10% operating margin in businesses is average, and the bulk of his sales weren’t on the consoles, that had a 50% markup. Even if he sold 50 (giving a generous 4 dozen, as the article said he ‘sold dozens’) Xbox Series X and Playstation 5s, that’s still only $55,000 revenue and $35,000 profits before any selling fees/taxes etc, meaning he sold other goods worth £1.64m (i.e the bulk percentage of his sales wouldn’t of had a 50%+ sales margin)
@OldMcGroin regardless, his overall profit margin is just over 10% overall. As posted above, he ‘sold dozens’ of PS5s and Series X consoles - if you take a stab and put that down a 50 (i.e just over 4 dozen), he’s only making $55,000 in revenue, meaning the vast majority of his sales were items other than consoles.
Furthermore, he would of made $30k profit on the consoles using a sales figure of 50 as a guess. That’s before fees, and before any tax he’d have to pay (as I’m guessing individuals are treated the same as individuals and businesses in the U.K. in which you pay tax once you break a certain revenue threshold) It soon squeezes the marigns…
Comments 54
Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
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Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
@valharian very valid point. Maybe in Kates instance it resonated with her differently. Kind of like how black people felt empowered when Black Panther was brought to the big screen…
Not saying you’re wrong in thinking the way you do, as you absolutely aren’t, but I guess people ‘attach’ themselves to fictional characters differently. That’s all!
Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
@PessitheMystic the article literally explains what the character meant to Kate, as an out of place teen who was into games with no real role models in the medium to look up to.
Did you read the article or skim through it?!
Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
@HamatoYoshi Hahaha. The irony of saying ‘ don’t like others views and opinions that don’t fit in with your perfect world.’ when you’ve literally come to this article complaining because the opinions don’t fit in with what you want to see.
Couldn’t make it up!
Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
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Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
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Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
@HamatoYoshi ‘ some tenuous link to a game from years back.’.
Apart from the fact Metroid is very much in the public eye. Who the hell are YOU to tell the staff here what they should and shouldn’t be writing about?
Kate - keep doing you, and keep up the great work. Ignore these sad little children who think that you’re here to write ONLY about what they want to read.
Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
Removed; user is banned
Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
Removed; user is banned
Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
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Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
@valharian I’m guessing its more a case that a badass leading character is a female more than anything. Less about the (non) characteristic shown by Samus, and more to do with the empowerment that females can have leading roles and do things males can (again, acknowledging this is a fictional video game character)
I guess if you’re a white male, there isn’t many instances of ‘look, there’s a cool character who is the same sex/race/religion as me! Neat’ that you can compare this to, as it’s usually the majority in Western civilisation that the cool characters are portrayed by people who look like you.
Re: Soapbox: Super Metroid Showed Me I Had The Right To Exist
@PessitheMystic get a life. Seriously.
What’s part of the title is clickbait? It’s labelled as ‘soapbox’ meaning you know it’s going to be an editorial piece. It’s not as though the article headline is ‘Exciting New Metroid News’.
I swear some people enjoy being negative for the sake of it. The irony here is you’ve clicked and commented on the article, so you’re clearly a slave for this kind of thin if you keep coming back, despite the whinging.
Re: Talking Point: What Are You Playing This Weekend? (July 3rd)
Retro games that I’ve picked up lately, mainly:
Bart vs The Juggernauts - Game Boy
Bart’s Escape From Camp Deadly - Game Boy
Konami Krazy Racers - Game Boy Advance
Snowboard Kids - N64
Mischief Makers - N64
Will possibly dive into the hacked NES and SNES Classic Mini’s at some stage, fancy some Bucky O Hare, Sparkster, Pugleys Scavenger Hunt, Pocky & Rocky 2 and Gremlins 2.
It’s most definitely a retro weekend for me…
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@tntswitchfan68 point being? Sometimes people miss out on products that are produced in limited quantities due to other commitments (work, etc), so this creates a market for those people to get a second chance.
Absolutely nothing wrong with it. The buyers are happy to pay asking price.
Re: Rumour: There's Supposedly A New Donkey Kong Animation In Development
More rumours - why post articles like this?
You also pushed the rumours where a new DK game developed by Nintendo would be released around E3 and that never happened…
Gossip and giving fuel to rumours isn’t a good look..
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@AnnoyingFrenzy absolutely. I’d rather have a PS5/Switch combo for the best of both worlds but have a PS4 Pro, Switch and Xbox One so will probably end up getting all three at some stage.
Personally feel that Xbox really needs to up their game re exclusive content..
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@JayJ No. You’re trying to equate selling an essential item such as toilet paper over something as essentially trivial as a video game console. Completely different thing altogether.
You get it, you know you do, and you’re bowing out without admitting it. Fine, that’s on you.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@JayJ apart from toilet paper is (pretty much) a necessity, whereas we’re talking about video game consoles here. First world problems and all that…
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Justifier absolutely not. If you want to buy anything and sell it on at a profit that’s between you, and the person who’s happy to buy whatever you’re selling.
See nothing wrong with this at all.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@SwitchForce it doesn’t matter. The only thing that matters here is that there are people happy to part with silly money to get a new console that they could have for RRP had they been patient.
Power to him, he hasn’t done anything wrong.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@JayJ how is making money from real estate and reselling motor vehicles any different? End of the day the principle is still the same - setting up a business to make a profit.
The buyers don’t have to pay these prices, but they do. Hence there being supply and demand for the products, hence the business model being successful.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@OldMcGroin also - his business is also involved in selling products as diverse as weights, pools, heaters as well as the video games. So that probably means he’s paying for premises somewhere to store these goods, which also eats into the profit…
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@PessitheMystic Power to him if he’s making bucks from people too impatient to wait for proper restocks. I mean, the rest of us are barely missing out despite not being able to get next gen consoles, are we?
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@tntswitchfan68 it’s not though. People are willingly paying the prices he’s asking, despite knowing the RRP is less. If someone is too impatient to wait for a PS5 and wants to pay more than double the retail price for it, that’s on them..
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@ArcadeEighty taxes are on profits, not revenue…
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Pirate1 true. Probably selective reading on my part after a long day is all!
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@MysticX 10% profit is about average for a business. No he’s still $110k better off in the space of a year, at 16, so I’m not sure what you find funny about that…
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Preposterous seems his business wasn’t just surrounding video game related products.bad reporting on this site..
https://news.yahoo.com/16-old-entrepreneur-reportedly-brought-101413442.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMkbIxcE-eB0X3jTCI7CXGePk-I4oZaXoVcGy71G2gRqhPwCrt6kr2mJDqPlFp4jr4uL7CkH-x5TFgeSkkhhlHy49VXpRDm_r07Ny9UgaW3XtT3G9EoebDJ_5-GLGeO4jvp4U_IpbGEMOnoKJ1Iq7_w_ZeFumuAU8A_OCVOdBDWV
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Pirate1 of course - taxes are on profits and not revenues. And I’m an accountant! It’s been a long day…
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
Bad reporting by Nintendo Life. Seems the kid brought things like heaters, pools, dumbbells, hair clippers and many other items. They’ve made out it’s only video game related products he was selling and buying..
https://news.yahoo.com/16-old-entrepreneur-reportedly-brought-101413442.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMkbIxcE-eB0X3jTCI7CXGePk-I4oZaXoVcGy71G2gRqhPwCrt6kr2mJDqPlFp4jr4uL7CkH-x5TFgeSkkhhlHy49VXpRDm_r07Ny9UgaW3XtT3G9EoebDJ_5-GLGeO4jvp4U_IpbGEMOnoKJ1Iq7_w_ZeFumuAU8A_OCVOdBDWV
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@AnnoyingFrenzy more money than sense! Not sure the majority of the people waiting for restocks are missing out on much either, right?
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Farts_Ahoy Grow up pal. Nothing stopping people making a profit in this world. The buyers were happy to pay the prices he was selling for as well. Supply and demand is all this is.
Re: Capcom Outlines Plans For Monster Hunter Stories 2 Post-Launch Content
@SwitchForce the thing is, the Nintendo Store updated recently, and there was no (to my knowledge at least) emails to say the Amiibo went live - it was actually a combination of an article on this site to say the Skyward Sword Amiibo was up for pre order and a comment in the comment section that managed to nab the Amiibo I wanted.
Still need to put more time into MHR before getting round to MHS2…
Re: Capcom Outlines Plans For Monster Hunter Stories 2 Post-Launch Content
@SwitchForce it was actually a user on here who alerted me that the MHS2 were up for pre order at the Nintendo Store in the U.K. - until that point, I thought it was a Japan/US exclusive as there wasn’t a word anywhere about them coming out over here, to the point I was logging in to Play Asia regularly to if they had the American versions up for pre order.
Massively grateful to whoever it was that pointed it out on here!
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@SwitchForce you’re twisting the words. Where does it say that the $110k is pre tax? It doesn’t. If it was a pre tax profit then his tax bill would put him at a loss, as I’m sure the tax on $1.7m would be higher than the 6.47% it would require for him to break even.
I’m pretty sure that the profit future quoted is post tax.
Oh, and he definitely is a scalper. No two ways around it. But power to him for making a cool $110k in a year.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@skycargav2000 nah - it’s a 9.3% return; interest rates (especially now) are nowhere near that…
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Kriven sit still, the tin foil hat is slipping!
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@noobish_hat Capitalism is all part and parcel of businesses, and it’s a big reason as to why technology and science evolves. Big companies earn profits, reinvest those profits in r&d and ultimately the consumer benefits by gaining the benefit of better products.
This isn’t capitalism by the strict business definition, despite the fact he’s profited. In terms of general capitalism, it’s hypocritical to say you’re against it if you’re consuming the products produced by the big companies out there.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Hellburner918 Get a grip pal. Theft? The fact that people are willing to pay the prices he’s selling consoles and the like for tells any sane person that it really isn’t theft at all.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@zever the crazy part here for me is that there are never usually any must play games on launch for a console! I’m happy to wait for the PS5 and Series X - I’ll probably get the mid gen upgrade if they do one, and the benefit of that is that a lot of the older games will be tons cheaper too…
It’s all about supply and demand at the end of the day.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Crockin wish sites would give consumers a heads up when pre orders are going live. Countless times on the Nintendo Store I’ve been a nervous wreck for weeks waiting for an Amiibo or special edition of a game to drop, with no notion of when the pre orders we’re going live…
It’s also sometimes an issue of the manufacturer, in artificially manufacturing far less of a product than what the demand is (& yeah, I get why they do it as well…)
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Kriven arguing? Pointing out some obvious things isn’t arguing pal. The only person here who has an issue with what I’m saying is you. To the point you’re pathetic enough to click my profile!
Keep believing that I’m associated with Max all you want if it’ll make you sleep at night. Makes no difference to me how pathetic you are.
I mean, for one, I’m in the U.K. & had no way of choosing my location when I signed up, but clearly I’m an overseas relative!
Deluded.
Re: Capcom Outlines Plans For Monster Hunter Stories 2 Post-Launch Content
Not entirely sure I’ll be getting it day one (massive backlog of games) but I’m incredibly grateful I grabbed the Amiibo for this game!
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Kriven Hahaha. You actually clicked my profile? What a sad case.
And yes - I literally created a profile a short while ago. And it was to talk some sense to people here and tell them how things like this work.
But clearly, I’m associated with the kid.
Fool…
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@moodycat it’s life. I’ve paid over the odds on products before when I’ve been late to the party - notably when I started collecting steelbooks, and some of the releases I wanted were long out of print.
If all copies of desired items went to genuine fans who ultimately didn’t sell on, it means people like me would of missed out by ‘being late’.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Kriven yes, I’m clearly the kid who’s $110k better off, just because I’m stating the obvious.
Smh.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Stocksy no, it’s not. If he brought and sold 50 Xbox Series X/PS5 consoles, that’s still only (50 x $1,100) of his overall $1.7m revenue, meaning the vast majority of his sales were other items.
If it’s anything like the U.K. over in the States he’d also have to pay tax once he reached a revenue threshold - over $1.7m in revenue suggests he’d have to pay taxes on all his earnings. On top of this, he’d be paying online fees, postage etc.
Wouldn’t class it as ‘lies’ - in business, a 10% operating margin is average. His model is quantity over high ticketed items, and it’s netted him $110k.
It’s not hard to understand!
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Preposterous except in a lot of instances, you don’t have to be rich. Most pre orders don’t take payment until the item is shipped; if he’s sold the items before he’s paid for them, it’s self funding.
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@Stocksy double full time hours? Where does it say this kid was doing this for 80+ hours each and every week?!
Wouldn’t say that he’s ‘doing a bad job’; he’s over $110k better off than he was last year.
‘ I said flipping Ps5 and Xbox SX wouldn’t make you rich and this little fella proves that’. Let’s be honest here, nobody on this site is making $110k a year.
A 10% operating margin in businesses is average, and the bulk of his sales weren’t on the consoles, that had a 50% markup. Even if he sold 50 (giving a generous 4 dozen, as the article said he ‘sold dozens’) Xbox Series X and Playstation 5s, that’s still only $55,000 revenue and $35,000 profits before any selling fees/taxes etc, meaning he sold other goods worth £1.64m (i.e the bulk percentage of his sales wouldn’t of had a 50%+ sales margin)
Re: Teenager Hits $1.7 Million In Revenue During Pandemic Reselling Pokémon Cards, Game Consoles And More
@OldMcGroin regardless, his overall profit margin is just over 10% overall. As posted above, he ‘sold dozens’ of PS5s and Series X consoles - if you take a stab and put that down a 50 (i.e just over 4 dozen), he’s only making $55,000 in revenue, meaning the vast majority of his sales were items other than consoles.
Furthermore, he would of made $30k profit on the consoles using a sales figure of 50 as a guess. That’s before fees, and before any tax he’d have to pay (as I’m guessing individuals are treated the same as individuals and businesses in the U.K. in which you pay tax once you break a certain revenue threshold) It soon squeezes the marigns…