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Retail Gaming Store Economics [LONG]
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<blockquote data-quote="Sam" data-source="post: 641968" data-attributes="member: 1024"><p>Rob, wow! Thanks for taking the time with so much great info! It answers the questions that have been bouncing around in my head.</p><p> </p><p>Already ordered. Heard about it on the RPG.net boards. Haven't gotten it yet, but I'm anxiously awaiting it.</p><p></p><p>Well, since you offered, I'm going to take you up on that. <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f600.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=":D" title="Big grin :D" data-smilie="8"data-shortname=":D" /> Thanks.</p><p><em><em></em></em></p><p><em><em>Interesting. I'd like to have space for people to play. I'd like to have things going on all the time and people playing all the time. I don't want to do it to lose money though. Most of the gaming stores in this area have some places for people to play. I'm going to do some market research tomorrow; visiting other stores on Long Island. I'll have to see how important having tables are for them.</em></em></p><p> <em><em></em></em></p><p><em><em>Wow! I don't know why, but I had a <strong><span style="color: red">MUCH</span></strong> higher starting number in mind. North of $30k. This really changes the initial startup picture.</em></em></p><p><em><em></em></em></p><p><em><em>I just can't understand why retailers WOULDN'T want to do special orders. Seems like basic common sense. You get an order with no inventory. I suppose if you get burned alot it will hurt, but if that starts to happen, you can require a 10% or 20% deposit to order some high ticket item (like a Warhammer army or a full Master Maze set).</em></em></p><p><em><em></em></em></p><p><em><em>Already leaning heavily towards this. The people that are going to order online, will.</em></em></p><p><em><em></em></em></p><p><em><em>Great point. How long do you normally wait on an in-stock inventory item before putting it into the bin?</em></em></p><p><em><em></em></em></p><p><em><em>You're the second person today who has been adamant about that. I hadn't planned on attending (at least not this year) but I think that I'm going to have to revisit that decision. Perhaps I'll see you there and you'll let me buy you a drink to thank you for all this great info.</em></em></p><p><em><em></em></em></p><p><em><em>I'm going to check that one out. Thanks. Since I'm not going to be the full time manager, I'm going to rely heavily on the POS system for trends, hot items, stale inventory, etc. Things that I'm sure I would know more intuitively if I was in the store all the time.</em></em></p><p><em><em></em></em></p><p><em><em>The rest of your points are great too. I am making sure that I save all this information to use as a reference. If you don't mind, I'd like to give you a call or shoot you an email if/when more specific questions come up.</em></em></p><p><em><em></em></em></p><p><em><em>Where is your store. Perhaps I could stop by one day if I'm in the area?</em></em></p><p><em><em></em></em></p><p><em><em>Thanks again,</em></em></p><p><em><em>--Sam</em></em></p></blockquote><p></p>
[QUOTE="Sam, post: 641968, member: 1024"] Rob, wow! Thanks for taking the time with so much great info! It answers the questions that have been bouncing around in my head. Already ordered. Heard about it on the RPG.net boards. Haven't gotten it yet, but I'm anxiously awaiting it. Well, since you offered, I'm going to take you up on that. :D Thanks. [I][I] Interesting. I'd like to have space for people to play. I'd like to have things going on all the time and people playing all the time. I don't want to do it to lose money though. Most of the gaming stores in this area have some places for people to play. I'm going to do some market research tomorrow; visiting other stores on Long Island. I'll have to see how important having tables are for them. Wow! I don't know why, but I had a [B][COLOR=red]MUCH[/COLOR][/B] higher starting number in mind. North of $30k. This really changes the initial startup picture. I just can't understand why retailers WOULDN'T want to do special orders. Seems like basic common sense. You get an order with no inventory. I suppose if you get burned alot it will hurt, but if that starts to happen, you can require a 10% or 20% deposit to order some high ticket item (like a Warhammer army or a full Master Maze set). Already leaning heavily towards this. The people that are going to order online, will. [B][/B] Great point. How long do you normally wait on an in-stock inventory item before putting it into the bin? You're the second person today who has been adamant about that. I hadn't planned on attending (at least not this year) but I think that I'm going to have to revisit that decision. Perhaps I'll see you there and you'll let me buy you a drink to thank you for all this great info. I'm going to check that one out. Thanks. Since I'm not going to be the full time manager, I'm going to rely heavily on the POS system for trends, hot items, stale inventory, etc. Things that I'm sure I would know more intuitively if I was in the store all the time. The rest of your points are great too. I am making sure that I save all this information to use as a reference. If you don't mind, I'd like to give you a call or shoot you an email if/when more specific questions come up. Where is your store. Perhaps I could stop by one day if I'm in the area? Thanks again, --Sam[/i][/i] [/QUOTE]
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