Business plan for tournament computer gaming

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Business plan for tournament computer gaming

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.

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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.

Frequently contact customers by email about new inventory and deals and offer email coupons to encourage new customers to visit your store.

business plan for tournament computer gaming

Set up a website and create a fan page on social networking sites.Online Gaming business plan sample prepared by Newton Group Marketing's professional business plan writing services. and tournament entrance price for the gaming site will follow a similar pricing strategy as found in (removed).

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Consider running fun retro game tournaments or obscure gaming tournaments. Feature wacky matches like hot sauce money match.

business plan for tournament computer gaming

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