Just like any business, it takes constant internal investment to succeed externally. Investors and publishers alike will be expecting a formal document that outlines the business of your game before they decide to give you money. But who has time to figure out how to write a business plan?
The demand for video games and consoles is high among many target markets from kids to adults. Before you start selling, establish a solid business plan, stock a variety of inventory and secure all necessary licenses.
Write up a business plan for your video game business. Research local competitors and determine how each sets itself apart from other competition. Decide how you can set yourself apart from other stores by offering lower prices on used equipment, offering currently non-existent products or services or drawing customers into your store with a small arcade of vintage games.
Look into franchising options if you want to benefit from nationwide advertising and marketing campaigns and corporate support and guidance. Consider selling games and consoles online from home or through online auction sites if you cannot afford to open a store.
Acquire a business license and insurance.
Visit your local city hall, apply for licenses and wait to receive yours prior to doing business. Purchase insurance to protect your inventory from damage and theft as well as liability insurance to protect customers from injuries they sustain while visiting your store.
Find a good location for your store. Consider setting up your store in a mall or other shopping center that gets heavy foot traffic.
Choose a location that is large enough to display all of your merchandise. Consider renting out a spot at a local flea market when getting started. Set up an online store if rental costs are too high, or open a virtual store on an online auction website. Collect equipment and supplies.
Search online for wholesalers to get good prices on hot new games and systems bought in bulk. Only buy in bulk if you know the game or system will sell. Look at local sales websites, such as Craigslist for used games.
Visit flea markets, thrift stores, garage sales and online auction sites to get great deals on used games and consoles.
Make sure to get a credit card machines, cash registers and other necessary office supplies. Market your video game store. Advertise in local newspapers and publications, both print and online, as well as in online gaming websites. Conduct a grand opening for your store and offer a sign-up sheet for a mailing list.While not every mobile game is created equal, there’s a common starting point where each game developer should begin when inquiring for this capital: create a business plan.
Why? Investors and publishers alike will be expecting a formal document that outlines the business of your game before they decide to give you money. Dec 05, · Either way, the business plan for the video game company is a tool for documenting the path to taking a share of the gaming market and for supporting requests for funding.
It identifies: • The business model for selling game software or DVDs, i.e. downloadable software or storefront sales/rentals; mobile gaming business; distributor, etc.5/5(1). Gaming Futures, LLC computer programming business plan executive summary. Gaming Futures is a start-up computer programming studio providing application development/support for the major computer/video game platforms/5(14).
Online Lottery Business Plan – Executive Summary. Lucky Stars Sport Betting & Lottery, Ltd is a standard, licensed and well equipped sport betting and lottery company that will be located in one of the busiest streets in Annapolis – Maryland. Business of Games and Entrepreneurship from Michigan State University.
As well as a form of art and entertainment, games are about business. you will be able to develop an impactful portfolio of game work to get noticed and/or develop an effective business plan to bring your game to market.
4 Game Inc Business Plan 1. 4 Game Inc. | Business Plan 2. NOTE: This business plan sample was prepared by Newton Group Marketing.