Instead of self check out, just self check station. Walmart had them and I loved them. Can’t find them these days. “Can’t find the price” then you could update the prices in you POS system.
as someone who tries to avoid interaction as much as possible; if I saw a store where I had to ask them for all the prices, I would just no longer shop there
As someone who tries to avoid interaction as much as possible, if I had a social media goblin trying to get me to give a shoutout on camera I would never go in again 😂
Customers do not want to come into a store and play a game of "Guess my Price" when making a potential purchase on merchandise. If you value your business, it's best to be as transparent as possible.
My local video game store, that's been around since the early 90s, looks up the price of every game he tries to sell. Not a single price tag on anything in the store. He'll look on ebay mostly (don't think he knows what pricecharting is) and takes the price of the most expensive listing and adds anywhere from $5-20. I don't even bother going in anymore. AJ Games in Los Angeles.
Yeah I've been in there. The older lady doing the repairs is rude but the older guy is cool. I'll go back because of him, even though he had to look up the price for a Ps1 game.
If there are no prices and they have to look it up, I won’t be shopping there again. Back in the 90s, I had a comic book shop do that to me and after waiting more than five minutes for him to look in two different price guides, I told him to forget it and I walked out.
A better option than no sticker would be putting a QR code on the case you can scan that'll load the most current price. You could install a QR reader in the store too.
The majority of people have QR code scanners on their phones. This is how the used shoe stores in malls work. They don't price anything and the QR code takes you to their site with live price updates. Anyone under 25 is used to shopping like this. It's just older people who still want the old way of retail.
@@Categoryonegames I don't see the point of putting in the effort of going into a physical shop if you are just going to scan a code and see current ebay prices. I'll just go buy it on ebay without having to leave my home?
@@Categoryonegames You know Android and iOS can scan QR codes using the default camera app, right? It's not 2012 anymore. Anyway, QR codes wouldn't work because the assumption here is they have a secret automagically updating price database. They don't - they're doing manual lookups on pricecharting or eBay when you ask for the price.
As a consumer I would not buy anything with no prices, i would assume it is too high and leave, I don't want to talk to someone to just browse. There are live LED price tags, like some supermarkets have started using, but they obviously cost a fair bit to buy... but the advantage is they can auto update live - however for video games where there is only one or two in the store it may not be worth it, but for special items, common sellers etc, they may be worth it...
You hit the nail in the end. No price is something people generally associate with a high priced good. It usually causes me to walk right out. And honestly it's nice to go into a store and occasionally find a deal, if they are pulling price charting on every single item, the ability to snag a good deal dies.
Totally agree with you guys on the pricing argument. My local game store has everything priced on the shelves but then everything under their counter is not priced and its super annoying to have to bug them every time to ask for prices.
I personally think and I know from experience trying to remove labels from toys and video games I think everything should be bagged and then a price put on that bag instead of on the product that way there's no damage to the the packaging at all
A place I used to work would tackle a section (system) about once or twice a month, depending on the size of the section. We also had a manager who would randomly check individual games and make notes of specific things we needed to change.
On pricing: agree that no pricetags doesn't make much sense.. One thing I would do is have a script that takes the inventory from your POS system and compares it against price charting/ebay data. I'm sure there's a data provider out there for that sort of thing - anything over a threshold variance gets its price updated.
Regarding the price tag question, just add a "as of" date to the stickers when they are first printed. It's fair to re-look up something at the register if it's been longer than a month or so which would give the customer a range, and the store a baseline to adjust for FMV if they add that to their store policy.
I like seeing prices. I like seeing numbers. I would have to ask every single item that caught my eye, and at that point, it's too much hassle for everyone.
I'd keep track when an item in inventory is priced and then depending on the value of the game assign how often the current value is checked. So something like games below $10 at most once a year, $20-$50 every 6 months, $50-100 every 3 months, $100+ every month.
Any store with no price on their games would not be a place I would go to ever again. What a pain in the ass. Who would want to walk to the counter and ask for each game.
yes! I love watching speed runs and I've learnt that different speed running communities use different languages for their games because it's both quicker to click through and less characters.
I would see if there is a system that is linked on value and weekly when you look at your online pricing of inventory it would show the value weather up or down and change weekly as appropriate
As a fellow gamestore, I totally hate when other stores hide the prices in thier showcase. It's so annoying. Glad to see you guys don't partake in this practice. I too try to make sure prices are visible on everything (GameBoy games are the only exception. I dont want stickers on the label).
As a speedrunner of retro video games, for the most part we run the Japanese roms of games because we save time skipping the Japanese dialogue over English. So retro Rick was basically right.
Listed the price as you have and have the customer do the research if something is too far off they can let you know and you match based on last 10 solds averages etc Id have a sign as you walk to notify the customer about matching average of 10 sold
If your able to use color price stickers. You could print out the prices on a different color for each quarter. (Blue-1st quarter, red- 2nd quarter, white- 3rd quarter, yellow- 4th quarter) so if your in the 3rd quarter of the year and see a color label on a game from the 1st or 2nd quarter you or your employees can easily/visually know its been there awhile and can update the price accordingly and slap the new current color price label on it.
You guys definitely to it the right way. If I went to that other store I would walk around collecting a bunch of random games I liked take a huge pile up to the counter ask how much each one was and then decide against them all making them put them all back again 😅 No prices on stock means you will always pay full price and no one wants that I would not buy from them
I think of those old price checkers at walmart where you could scan the bar code and the price comes up on a little screen that was mounted to one of the pillars in store.
An easier way than looking for yellowing tags a store near me uses is every tag gets a colored marker dot that's a new color every 2 months. If they see a tag that's a different color than the current and previous 1 then it gets rechecked
Why don't game stores just use a database with dynamic price tags on games that match to SKU's in the database? Both eBay and pricecharting have API's.
*heavy breathing*.. Your comment has piqued my interest. As a programmer, this sounds like a fun adventure. An app that helps both the customer and the seller know current price range... Would be a good app if it doesn't already exist. Thanks for the idea :)
@@Chriserino yea I thought about it. The only annoying part is either the customer has to scan every item they're interested in... or there would need to be an LED screen that updates SKUs pricing in real time on each item.. or a directory screen like a tablet that would show the updated price of each item. The store owner should be able to add or remove percentage based on the database price as well so it shows to the frontend customer. The problem is the market would be very small and it would only be for people in used game stores or any niche that has API's of collectibles.
@@bobsimpson9228I’d automate a %Change report with whatever threshold change generates a new tag daily. My $13.00 an hour employee would physically place new stickers on the games.
What sucks at GameStop is when you go into the store and they have a game for $40 and it sells on eBay in excellent condition for $40 but their copy has a torn label and they still want the mint condition price for it.
if you know the sticker price for each game you can look up market prices for each one (preferably automated) then choose which ones need sticker price updates. you might also consider putting the date on each sticker just in case you miss one that you meant to update.
Best would likely be an app that customers use on their own phone to scan your label themselves for the price and your database could be updated dynamically based on the rules you set.
could put the barcodes on the game boxes and have a pos in store for customers to loop up themself like walmart or target has the little price scanners
There is a store by me that looks up every price. Also they only have one computer, so if they are in the middle of a transaction, you have to sit there and wait (often with multiple people waiting). I don't shop there often, it's such a pain.
I wonder if you can get ebay data on game sales and digitally update prices on the fly based on that. Then maybe post the prices on big screens by the cases or let people look them up on tablets, so they don't have to ask.
I once went to a game store in Virginia where none of the games were priced. In order to figure out the price, you had to connect to their local wifi, then access their INTERNAL ONLY web site they hosted from a local server, and then look up the prices of each item on my own. I left and never looked back.
I have a game shop in Quakertown PA that does this and I stopped going because of this; I will never go back because of that. I don't hope they go out of business but I hope they change their ways
I will say I came into the store a couple times and a few items were like 50-75% above market and your employees said they can't adjust prices so maybe fixing that policy so you can move product.
Has Rick never heard of those real time price LCDs? They are pretty cool. They run on bluetooth of something. Basically once a day all the prices are pulled from price chart and updated. No work for you but having to setup all the database stuff.
Install scanners throughout the store that are connected to a system that verifies pos pricing. Bar code on the price stickers. Customers can scan the price tag to verify the price is up to date. Just spitballing.
two videos in less than a few days apart? I feel like I woke up to an early Christmas! Thank you for this awesome video. Michael finally beat Rick at one of the store games... well, even the best to ever do it sometimes have to lose, so that when they come back and win, it's even more sweeter a victory. Also, another topic, I think not having the prices on games is a terrible business model choice. Asking for the price all the time would get annoying really quickly. But at the same time, how do you keep up with pricing when you have a massive inventory like you do? I think the answer is to find a happy medium and price games in a place where you are comfortable with the profit margin on that game, but also if a customer requests a price check on a game, then you can do that and offer a better deal if the current price deems it possible. That would add an interesting element of chance in your store, where you can go to your store and maybe buy games that should be priced higher but aren't and you feel like you are getting a great deal in that sense. Even the little guy has to eat too, you know? Good luck with Black Friday and please film it! Last year's video was really fun to watch all that chaos unfold!
Digital tags with scan-and-show displays dotted around the store would seem to be the way forward. Worth the investment given the rollercoaster nature of the market, and good for stock control as well.
I would invest in digital price tags where you can monitor the prices and update them like Walmart does. Economics 101 talk about menu cost, and updating price tags or a menu prices is expensive.
I think the best thing is have multiple colors price labels , so every 2 weeks , month or whatever, u say it’s been a month since we priced things with a orange label we need to check our prices again
I like having all the prices on things because having to ask someone for help on everything is too big of a hassle. On a different note if I see something that looks like it is overpriced I will ask about it.
So who is gonna name & shame the store? Personally, unless I really want something, if I'm in a game store and nothing is priced, I'm probably not gonna buy anything. Not because I'm some antisocial weirdo, but because if the store can't be bothered to do their job, I can't be bothered to ask.
Okay, here's my layperson 's/ consumer perspective. As a purchaser of items, I absolutely will not ask a vendor more than one question, if even one question. When you go to McDonald's there is a number one and a number two, for a reason, that reason being that men want to ask as few questions as they possibly can, and also to be asked as few questions as possible. Now , how does a business protect their interest in fluctuating prices on product. That is certainly a concern I would have as an owner. My thoughts should I have a store would be that every item that comes in gets scanned into an application, that could be a spreadsheet or whatever inventory tool you use, and then the item is marked for the price that's worked that day. Now, you also have a copy of that item's value in your software. Now every week or two or 4:00, whatever makes sense for your business, you query that software for items against public data on current values. Any high Price fluctuations you can now see via software and you go to the specific items and you update what is marked on that item. This seems to me to be the best of both worlds.
You need a way to export your inventory and import into a service like PriceCharting, then export it back into Excel and do a comparison. If +/- 15%, then print a new sticker
A store near me tried that “ask for price” strategy. Needless to say, I walked right out and will never go back. Lazy on their part and if I want to pay eBay prices that they look up, I’ll shop on eBay.
speed runners use the japanese games because they are also the original release with the most bugs. By the time the game comes out in North America and later Europe the bugs have been mostly patched.
I would find a way to put a date on the sticker prices for reference when the sticker / price was made so people can be like ok they has this for x months maybe it went down so it’s possible to ask if the price changed for a game or they can see if it’s a good deal now because maybe it went up
Consumer always has the prices at their fingertips....if they feel the price is to high they can show you the price now.....up to the business owner to negotiate a fair deal at that point. Have to be careful as a customer and as a business owner. With that being said, not having a price on products is a bad idea.
My local game store used to look up ok each item in the store. Granted, they were very fair with their pricing but it’s annoying for the consumer and employee to constantly look up prices. Ever since they switched over to sticker prices I’ve noticed myself more inclined to shop there.
That store that won't price their games sounds like Game Xchange. I filed a complaint with the Oklahoma Attorney General when my local store wouldn't honor the price marked on 3 games I wanted to buy. It's a common problem for them when it comes to pricing games.
Back in the day, Japanese games would come out before they would here in America. Some companies still do this practice, but most big companies do a universal worldwide release. With that, there's more glitches and bugs in the Japanese versions, and since it would take at the very least a few months to localize and patch for the American market, this is why it is preferred for speedrunners.
For pricing could you have QR codes on the games that links to a pricing sheet that says the price of the game. That way you could just monitor the list and not have to walk around and look at various games for if they aren’t moving.
I went into a flooring place where I had to take the sample and walk up to a scanner to get the price. Could you have a system like that? They wouldnt have to talk to you but you could update prices whenever.
The only way I could see the no price tag working is if it’s a really small location, I mean real small location and that only sells sealed or hard to find retro games.
Customer brings pile of games to till, waits for a few mins gets fed up and walks out, staff left to tidy up! Is there a way you could colour mark the tickets as to a week or month (say Sep red) so now it's Nov you know any reds need price checking
You should get (or if they dont make them you should make them and sell them) paper that changes colors after a set period of time. Print your labels > after 1 month it turns red. Have signage that says "Games with red price tags may change at POS"
Didn’t phoenix resale go to a store that had a barcode reader station where the consumer could scan the game themselves and it gave you the current price?
Hey rick I think i have an idea/question about pricing on the products topic you were talking about in this video If that store was just looking up prices online it would be easier to just tell people that they price match ebay. You can still have a price on it but it may be lower if they ask to price match. Customers will also look it up on ebay themselves on things they really want. It can be a competitive advantange and draw business to the store that would have went to ebay.
oh wow i haven't seen those Digimon toys since i was a kid. Which ones did you get in and do you have any by chance do you have any left if not thats ok. Good luck with black friday
Black Friday Sale on Whatnot on November 29th @ 3pm! Use this link to get $15 to spend for FREE! whatnot.com/invite/retrorick
Instead of self check out, just self check station. Walmart had them and I loved them. Can’t find them these days. “Can’t find the price” then you could update the prices in you POS system.
How you doing Retro Rick
Whatnot is Gay.
I sadly won't be able to join in. I have work.
@@retroricksgamepoint what did I say wrong that got my comment taken down?
as someone who tries to avoid interaction as much as possible; if I saw a store where I had to ask them for all the prices, I would just no longer shop there
I'm sure they will put some scanner in the shop for scanning yourself.. loll they should.
As someone who tries to avoid interaction as much as possible, if I had a social media goblin trying to get me to give a shoutout on camera I would never go in again 😂
@@nat_the_gray yeah id just leave too. im there to make a purchase and see some cool stuff not be a product
Exactly. If it has no price, I don't buy.
You should have them look up everything in the store for fun
68% of consumers won't buy if there's no price tag. Meaning you lose 2 out of 3 sales without having stuff priced!
Pfff .... Stats are meaningless ... 81% of people know that.
Yea I worked in a/v and we didn't have prices out in order to force conversation with the sales staff.
@@Wendigowok 😂
Its illegal without a price tag as well. If no tag on the products or shelf its free in my country.
No tags I am going somewhere else
Customers do not want to come into a store and play a game of "Guess my Price" when making a potential purchase on merchandise. If you value your business, it's best to be as transparent as possible.
My local video game store, that's been around since the early 90s, looks up the price of every game he tries to sell. Not a single price tag on anything in the store. He'll look on ebay mostly (don't think he knows what pricecharting is) and takes the price of the most expensive listing and adds anywhere from $5-20. I don't even bother going in anymore.
AJ Games in Los Angeles.
Sounds like Worlds Game Store that has a few locations in California and Utah. They take the market value on price charting and add $20.
Yeah I've been in there.
The older lady doing the repairs is rude but the older guy is cool.
I'll go back because of him, even though he had to look up the price for a Ps1 game.
Game Exhange?
Idk; that used game store has been around since the 16 bit era.
If there are no prices and they have to look it up, I won’t be shopping there again. Back in the 90s, I had a comic book shop do that to me and after waiting more than five minutes for him to look in two different price guides, I told him to forget it and I walked out.
A better option than no sticker would be putting a QR code on the case you can scan that'll load the most current price. You could install a QR reader in the store too.
The majority of people have QR code scanners on their phones. This is how the used shoe stores in malls work. They don't price anything and the QR code takes you to their site with live price updates. Anyone under 25 is used to shopping like this. It's just older people who still want the old way of retail.
@@Categoryonegames I don't see the point of putting in the effort of going into a physical shop if you are just going to scan a code and see current ebay prices. I'll just go buy it on ebay without having to leave my home?
I've thought the exact same thing
Qr scanner for the price is absolute idiocracy at its finest.
@@Categoryonegames You know Android and iOS can scan QR codes using the default camera app, right? It's not 2012 anymore.
Anyway, QR codes wouldn't work because the assumption here is they have a secret automagically updating price database. They don't - they're doing manual lookups on pricecharting or eBay when you ask for the price.
As a consumer I would not buy anything with no prices, i would assume it is too high and leave, I don't want to talk to someone to just browse.
There are live LED price tags, like some supermarkets have started using, but they obviously cost a fair bit to buy... but the advantage is they can auto update live - however for video games where there is only one or two in the store it may not be worth it, but for special items, common sellers etc, they may be worth it...
You hit the nail in the end. No price is something people generally associate with a high priced good. It usually causes me to walk right out. And honestly it's nice to go into a store and occasionally find a deal, if they are pulling price charting on every single item, the ability to snag a good deal dies.
Half Price Books might do this same thing for their games. Caleb from Phoenix Resale can use this same pricing method too.
Totally agree with you guys on the pricing argument. My local game store has everything priced on the shelves but then everything under their counter is not priced and its super annoying to have to bug them every time to ask for prices.
I personally think and I know from experience trying to remove labels from toys and video games I think everything should be bagged and then a price put on that bag instead of on the product that way there's no damage to the the packaging at all
If a store didn't price their games, I wouldn't shop there. Might as well go to eBay, I don't even have to leave the house.
Yeah it's ridicules when shops do that
100% you can see the price & condition without moving
@@mustardmule4723 Exactly and the store is probably pulling up eBay comps anyways haha
A place I used to work would tackle a section (system) about once or twice a month, depending on the size of the section. We also had a manager who would randomly check individual games and make notes of specific things we needed to change.
On pricing: agree that no pricetags doesn't make much sense.. One thing I would do is have a script that takes the inventory from your POS system and compares it against price charting/ebay data. I'm sure there's a data provider out there for that sort of thing - anything over a threshold variance gets its price updated.
Thought the same thing. Have the Pos flag a +- 10% change and have it run a report weekly or daily to alert the staff.
Savor the flavor Michael, you earned that championship mug. 👍👍👍
Regarding the price tag question, just add a "as of" date to the stickers when they are first printed. It's fair to re-look up something at the register if it's been longer than a month or so which would give the customer a range, and the store a baseline to adjust for FMV if they add that to their store policy.
I like seeing prices. I like seeing numbers. I would have to ask every single item that caught my eye, and at that point, it's too much hassle for everyone.
You and and Michael and your staff are wonderful.Peopkeep the amazing episodes coming love you all and have a wonderful Thanksgiving
I'd keep track when an item in inventory is priced and then depending on the value of the game assign how often the current value is checked. So something like games below $10 at most once a year, $20-$50 every 6 months, $50-100 every 3 months, $100+ every month.
I think it is a blast to find old stock in any place with older tags. It makes people keep coming back for deals on titles as the market changes
The digimon toys are awesome. Now i have to go and buy some! Thanks a lot
5:19 digging the secret of mana music
Any store with no price on their games would not be a place I would go to ever again. What a pain in the ass. Who would want to walk to the counter and ask for each game.
yes! I love watching speed runs and I've learnt that different speed running communities use different languages for their games because it's both quicker to click through and less characters.
I would see if there is a system that is linked on value and weekly when you look at your online pricing of inventory it would show the value weather up or down and change weekly as appropriate
I want those Exo Squad toys. I grew up on that cartoon!
One of the best cartoons and those toys are amazing.
Same! I had the one on the right... sad to see how much they are now. I'll probably never own one again lol.
I had them digimon toys when I was younger. I remember opening them for my birthday you don't see them around that often
I love this video. A little bit of everything and the Earthbound Twoson theme!
As a fellow gamestore, I totally hate when other stores hide the prices in thier showcase. It's so annoying. Glad to see you guys don't partake in this practice. I too try to make sure prices are visible on everything (GameBoy games are the only exception. I dont want stickers on the label).
As a speedrunner of retro video games, for the most part we run the Japanese roms of games because we save time skipping the Japanese dialogue over English. So retro Rick was basically right.
Listed the price as you have and have the customer do the research if something is too far off they can let you know and you match based on last 10 solds averages etc
Id have a sign as you walk to notify the customer about matching average of 10 sold
If your able to use color price stickers. You could print out the prices on a different color for each quarter. (Blue-1st quarter, red- 2nd quarter, white- 3rd quarter, yellow- 4th quarter) so if your in the 3rd quarter of the year and see a color label on a game from the 1st or 2nd quarter you or your employees can easily/visually know its been there awhile and can update the price accordingly and slap the new current color price label on it.
You guys definitely to it the right way.
If I went to that other store I would walk around collecting a bunch of random games I liked take a huge pile up to the counter ask how much each one was and then decide against them all making them put them all back again 😅
No prices on stock means you will always pay full price and no one wants that I would not buy from them
I think of those old price checkers at walmart where you could scan the bar code and the price comes up on a little screen that was mounted to one of the pillars in store.
Instead of looking for yellow tags it may be easier when you place the initial price tag on the item print the date on the sticker as well .
An easier way than looking for yellowing tags a store near me uses is every tag gets a colored marker dot that's a new color every 2 months. If they see a tag that's a different color than the current and previous 1 then it gets rechecked
Why don't game stores just use a database with dynamic price tags on games that match to SKU's in the database? Both eBay and pricecharting have API's.
that's the way! A little IT investment, very beneficial.
*heavy breathing*.. Your comment has piqued my interest. As a programmer, this sounds like a fun adventure. An app that helps both the customer and the seller know current price range... Would be a good app if it doesn't already exist. Thanks for the idea :)
@@Chriserino yea I thought about it. The only annoying part is either the customer has to scan every item they're interested in... or there would need to be an LED screen that updates SKUs pricing in real time on each item.. or a directory screen like a tablet that would show the updated price of each item. The store owner should be able to add or remove percentage based on the database price as well so it shows to the frontend customer.
The problem is the market would be very small and it would only be for people in used game stores or any niche that has API's of collectibles.
@@bobsimpson9228I’d automate a %Change report with whatever threshold change generates a new tag daily. My $13.00 an hour employee would physically place new stickers on the games.
What sucks at GameStop is when you go into the store and they have a game for $40 and it sells on eBay in excellent condition for $40 but their copy has a torn label and they still want the mint condition price for it.
Corporate sets that price. They don’t care about box condition. If the game didn’t have the original box, you’d still pay $40
I think a black friday video would be fun, to see all the discounts and what people buy etc
A few independent shops in London have not priced up alot of items also i have noticed a couple of stalls and at game shows.
I went into a retro game store in Yonkers. Amazing selection, not a single price on anything. Walked right out lol..
if you know the sticker price for each game you can look up market prices for each one (preferably automated) then choose which ones need sticker price updates. you might also consider putting the date on each sticker just in case you miss one that you meant to update.
Best would likely be an app that customers use on their own phone to scan your label themselves for the price and your database could be updated dynamically based on the rules you set.
Try using different color price labels for each month. It’s a quick and easy way to know what’s been sitting the longest and needs to be looked up.
could put the barcodes on the game boxes and have a pos in store for customers to loop up themself like walmart or target has the little price scanners
There is a store by me that looks up every price. Also they only have one computer, so if they are in the middle of a transaction, you have to sit there and wait (often with multiple people waiting). I don't shop there often, it's such a pain.
I’m less than one minute in and I see Super Famicom games! IM IN ❤
I wonder if you can get ebay data on game sales and digitally update prices on the fly based on that. Then maybe post the prices on big screens by the cases or let people look them up on tablets, so they don't have to ask.
Why go to the store if the prices are same as ebay? May as well save the time and gas and sit on the couch.
I once went to a game store in Virginia where none of the games were priced. In order to figure out the price, you had to connect to their local wifi, then access their INTERNAL ONLY web site they hosted from a local server, and then look up the prices of each item on my own. I left and never looked back.
I have a game shop in Quakertown PA that does this and I stopped going because of this; I will never go back because of that. I don't hope they go out of business but I hope they change their ways
I agree i would not go back to a store where i have to ask what the price is
I would look into Digital Price Tags to see if the cost is worth the trouble.That way you can update the prices automatically.
I will say I came into the store a couple times and a few items were like 50-75% above market and your employees said they can't adjust prices so maybe fixing that policy so you can move product.
My experience is that when there is no price tag, the price is always twice what it should be.
Game stop did this the other night for the retro games . If you don’t know your stuff I won’t. Buy from you!!!
Has Rick never heard of those real time price LCDs? They are pretty cool. They run on bluetooth of something. Basically once a day all the prices are pulled from price chart and updated. No work for you but having to setup all the database stuff.
We have them in a few shops in the UK, pretty smart!
Install scanners throughout the store that are connected to a system that verifies pos pricing. Bar code on the price stickers. Customers can scan the price tag to verify the price is up to date.
Just spitballing.
two videos in less than a few days apart? I feel like I woke up to an early Christmas! Thank you for this awesome video.
Michael finally beat Rick at one of the store games... well, even the best to ever do it sometimes have to lose, so that when they come back and win, it's even more sweeter a victory. Also, another topic, I think not having the prices on games is a terrible business model choice. Asking for the price all the time would get annoying really quickly. But at the same time, how do you keep up with pricing when you have a massive inventory like you do? I think the answer is to find a happy medium and price games in a place where you are comfortable with the profit margin on that game, but also if a customer requests a price check on a game, then you can do that and offer a better deal if the current price deems it possible. That would add an interesting element of chance in your store, where you can go to your store and maybe buy games that should be priced higher but aren't and you feel like you are getting a great deal in that sense. Even the little guy has to eat too, you know?
Good luck with Black Friday and please film it! Last year's video was really fun to watch all that chaos unfold!
Great video
You always keep it interesting!
Hope Friday goes smooth for you and your staff!
What game store is no longer putting prices on?
Digital tags with scan-and-show displays dotted around the store would seem to be the way forward. Worth the investment given the rollercoaster nature of the market, and good for stock control as well.
I would invest in digital price tags where you can monitor the prices and update them like Walmart does. Economics 101 talk about menu cost, and updating price tags or a menu prices is expensive.
Sure that’s doable with a menu but we have over 50,000 games in our inventory
I think the best thing is have multiple colors price labels , so every 2 weeks , month or whatever, u say it’s been a month since we priced things with a orange label we need to check our prices again
I like having all the prices on things because having to ask someone for help on everything is too big of a hassle. On a different note if I see something that looks like it is overpriced I will ask about it.
Couple game stores around here in Ohio are like that, those are now stores we specifically avoid. Simple as that!
Are the prices firm at check out or can customers negotiate?
So who is gonna name & shame the store?
Personally, unless I really want something, if I'm in a game store and nothing is priced, I'm probably not gonna buy anything. Not because I'm some antisocial weirdo, but because if the store can't be bothered to do their job, I can't be bothered to ask.
There is a game store where I live that goes off priceCharting prices and it updates as soon as the market drops or spikes with recent sold prices
Okay, here's my layperson 's/ consumer perspective. As a purchaser of items, I absolutely will not ask a vendor more than one question, if even one question. When you go to McDonald's there is a number one and a number two, for a reason, that reason being that men want to ask as few questions as they possibly can, and also to be asked as few questions as possible.
Now , how does a business protect their interest in fluctuating prices on product. That is certainly a concern I would have as an owner.
My thoughts should I have a store would be that every item that comes in gets scanned into an application, that could be a spreadsheet or whatever inventory tool you use, and then the item is marked for the price that's worked that day. Now, you also have a copy of that item's value in your software. Now every week or two or 4:00, whatever makes sense for your business, you query that software for items against public data on current values. Any high Price fluctuations you can now see via software and you go to the specific items and you update what is marked on that item. This seems to me to be the best of both worlds.
i lije the artwork your friend made
Hi Retro , I plan on going to the store sometime
You need a way to export your inventory and import into a service like PriceCharting, then export it back into Excel and do a comparison. If +/- 15%, then print a new sticker
Let’s go Michael! The mug of victory!
A store near me tried that “ask for price” strategy. Needless to say, I walked right out and will never go back. Lazy on their part and if I want to pay eBay prices that they look up, I’ll shop on eBay.
speed runners use the japanese games because they are also the original release with the most bugs. By the time the game comes out in North America and later Europe the bugs have been mostly patched.
I been to a store that was like that in California and I did not like that at all. they were checking for everything I ended up buying nothing at all.
I would find a way to put a date on the sticker prices for reference when the sticker / price was made so people can be like ok they has this for x months maybe it went down so it’s possible to ask if the price changed for a game or they can see if it’s a good deal now because maybe it went up
As long as the stickers are super easy to take off
15:14 is Rickolash host of the retro store hahaha
Bahahahaha !!!😂
Don't wake him up! He's having fun!
Consumer always has the prices at their fingertips....if they feel the price is to high they can show you the price now.....up to the business owner to negotiate a fair deal at that point. Have to be careful as a customer and as a business owner. With that being said, not having a price on products is a bad idea.
My local game store used to look up ok each item in the store. Granted, they were very fair with their pricing but it’s annoying for the consumer and employee to constantly look up prices. Ever since they switched over to sticker prices I’ve noticed myself more inclined to shop there.
That store that won't price their games sounds like Game Xchange. I filed a complaint with the Oklahoma Attorney General when my local store wouldn't honor the price marked on 3 games I wanted to buy. It's a common problem for them when it comes to pricing games.
If I go to a booth at a con and they have no prices, I tend to just walk away.
Back in the day, Japanese games would come out before they would here in America. Some companies still do this practice, but most big companies do a universal worldwide release. With that, there's more glitches and bugs in the Japanese versions, and since it would take at the very least a few months to localize and patch for the American market, this is why it is preferred for speedrunners.
Is the game store called game exchange in Conway Arkansas let me know if I’m wrong
To pay for a game at your store, I would like to grab a handful of rice, count them, then divide by 7. If it is a Mario game, divide by 3.
Those toys are a steal
Thanks for Ogre Battle my dude 🙏
Hopefully you didn’t buy the fake I sold them. They don’t do refunds on fakes. I’m kidding ;)
For pricing could you have QR codes on the games that links to a pricing sheet that says the price of the game. That way you could just monitor the list and not have to walk around and look at various games for if they aren’t moving.
I went into a flooring place where I had to take the sample and walk up to a scanner to get the price. Could you have a system like that? They wouldnt have to talk to you but you could update prices whenever.
The only way I could see the no price tag working is if it’s a really small location, I mean real small location and that only sells sealed or hard to find retro games.
Customer brings pile of games to till, waits for a few mins gets fed up and walks out, staff left to tidy up!
Is there a way you could colour mark the tickets as to a week or month (say Sep red) so now it's Nov you know any reds need price checking
You should get (or if they dont make them you should make them and sell them) paper that changes colors after a set period of time. Print your labels > after 1 month it turns red. Have signage that says "Games with red price tags may change at POS"
Didn’t phoenix resale go to a store that had a barcode reader station where the consumer could scan the game themselves and it gave you the current price?
Carson really needs to step up his game if he really intends on becoming CEO of Retro Ricks one day. I can't believe he has things priced improperly.
Just have scanners around the store so you can go look up the price yourself. Supermarkets where i live do that.
Hey rick I think i have an idea/question about pricing on the products topic you were talking about in this video
If that store was just looking up prices online it would be easier to just tell people that they price match ebay. You can still have a price on it but it may be lower if they ask to price match. Customers will also look it up on ebay themselves on things they really want. It can be a competitive advantange and draw business to the store that would have went to ebay.
oh wow i haven't seen those Digimon toys since i was a kid. Which ones did you get in and do you have any by chance do you have any left if not thats ok. Good luck with black friday