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Posts Tagged ‘trading’

Goozex Hands On Review

November 13th, 2009

Where do gamers go?

The choices you have as a gamer are:

  1. Buy (Online, Ebay, used, Gamestop..)
  2. Rent (Gamefly, blockbuster…)
  3. Trade (Goozex, Switchplanet..)

Renting in the past at your brick and mortar rental place can easily set you back more then $5-$7 every week like Blockbuster. There have been other online rental game sites that charge a monthly fee like /month for one game out like Gamefly. Renting isn’t all together bad but playing videogames isn’t like watching movies. There is a considerable larger amount of time invested in videogames then in movies. Most movies range from 1.5 hours to epics of 6 hours. Where most videogames you could get a good feel for a game in 3 hours but most sports games and long role playing games could be played for more then 70 hours.

This is where Goozex steps in. Goozex allows the gamer to keep the game as long as you want but have the option to sell it too. There is only a $1 transaction fee if you request a game on their network. So basically you can trade in your older games and build up Goozex credit until you get enough for a newer title and just pay the $1 transaction fee. A shipping and handling is handled by sender and the buyer only pays . There is no monthly membership so you can stop at anytime or go at a slower pace. This is ideal in the sense that you could play the game until you are actually sick of it then send it in for credit. So you’re not rushed to get as many games played on the network because you can play at your own pace. Plus you OWN the game. From then on the game is yours, not a rental.

You only send games directly to the next member. There is no single central warehouse and the pricing of the credits of the system are in points (100pts = $5). The pricing of the game is determined by market demand, release date, initial cost of the game, and a couple other factors. Most xbox 360 titles will go for 800-1000 pts which translates to $40-$50. This isn’t bad for a used game. Some money can be saved buying used but there is still tax and travel time/cost. Goozex gives you free shipping to you with no tax charge. You also have an option to buy credits if you want but I wouldn’t recommend that unless you have no games to send in or nothing of yours is being requested. The game prices will fluctuate and you will see the price change in your history. I’ve had a couple games I requested and I can see that price increase/decrease. It doesn’t happen that much but some games change +/- 200pts depending on market demand.

So why use Goozex instead of a used videogame store or an auction site with games like Ebay? You just need $1 to pay for the transaction fee. Most people don’t like to continually shell out more money for a game and then feel like the games they bought are depreciating at a very fast rate. Selling your game for cash anywhere will not give you that much. Brick and mortar stores resell your games for a huge mark up. Selling online is tiresome. Goozex at least you get to trade in games you are done with and still get some value out of it as it will lead to other games you really want. There might be more difficulty in sending older sports titles as those don’t have much demand once their season is up like trying to sending in EA sports Madden 2005 will be a hard game to sell to someone on the network. Older games on ebay are a hassle to sell. On Goozex you will be able to list it and it will just stay there without having to pay insertion fees.

Each videogame is packed with information like reviews from Gamepro, some tips/trick, game description, and some even have instructions. I love being able to see the supply and demand of each game. This will let you know if you have a game people want or if you can possibly get a game on the network. Goozex determines who gets the game by matching up users. There is a waiting list that is generated and when you add a game you will see in what place you are waiting for that game. This is a fabulous idea as impatient gamers can tell if they should expect a game soon. You need to make a list for want and haves for your games. They will show you your place in line per game. Great place to build your wishlist. It is ideal to have a very large set of games you want now so you will have a very good chance of getting a game soon. I was requesting Crackdown for the Xbox 360 and I was 60th person in line. I got this game in 14 days. Just because you’re really deep in line doesn’t mean you won’t get the game soon. Newer games do get pushed out in the system fairly quickly. You have many options to what you want to trade in terms of instructions, case or just game. This is helpful as some gamers tend to lose instructions and/or cases. The value of the game doesn’t go down as the credits don’t reflect what is included. This is because the user requesting the game can have the option to request only full packaged games, games with instructions, or just the game itself. I have not had a problem with getting full packages as I’ve gotten over 49 games and I’ve sent out 54 in under 2 years of being there.

Why NOT to use

For this site to be a perfect 5 star site I would like to see:

1. More users (will there ever be enough?)
2. More old school games (nes, snes, saturn….)
3. is still not free. I’m a member of another site that has no transaction fees yet still protects the members.
4. Sneak peak video game trailers
5. More community interaction (user reviews, recommendations…)

All the above are small tweaks to the system that is already very functional. The main reason someone would NOT want to use this system is time and money. If you have the dough you would just buy it new down the street? Why wait? The main draw to the site is how much money you can save and the community there. Save money and also connect with other gamers. If your very impatient then new release games will have to be purchased. I’ve experienced about 1-2 month turn around time for new games. Why? You are placed on a Que. The order of the Que determines when you get the new game, but more importantly is how many are available? Most people will play a new release for a certain amount of time before listing their games. The wait times do get long. Say you want to play a game that takes a long time to beat. You gotta factor in that a player like me would take over 1 month to beat a game like that. More popular games of course like Madden will hit the system quicker but that is also a bad thing. If you hold a game too long it will depreciate in value just like on the streets. Trading for early on might be for 1000 points but in a couple months with the market being saturated it could be 500 points in no time losing half of it’s value. Not Goozex’s fault but some games just don’t move well.

Current Goozex Simultaneous Transaction on the Network as of Mar 11, 2009 = 4793

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More People Buying and Selling Online Thanks To Social Media Websites

August 8th, 2009

Many people first got a real opportunity to experience online sales for themselves when Ebay launched and revolutionised the whole trading market. It gave people the power to release a few quick funds by selling objects that they had lying around, find an obscure item that they’d always wanted, or set up an online business and start trading properly from the comfort of their home. It is likely that Ebay will remain a highly used site for many years to come, but the prominence of online trading has now been taken to a new level by sites such as Twitter and Facebook that boast a more social capacity.

Facebook was among the first social networking sites that had the foresight to realise the potential of allowing their members to advertise items on their site. Their ‘marketplace’ quickly became an active community in itself and people even started setting up shops here, in the same way as you might do on Ebay. Being able to advertise online is nothing new however and sites like Gumtree and Craig’s List have done very well through allowing people to do this, but they find themselves struggling to compete against the newer socially-led networking sites. They encourage a more discerning buying process whereby you can do some background research on the seller, request more information, or even ask the opinion of some experts in the field. For example, before you make that commitment to buy one of those second hand bikes you can request more pics, query your friends about it, or ask those people who are hanging out in the cycling community section if you are making the right choice, and if not, what is the right one?

Another advancement has come about through sites such as Twitter, has been the ability for people to request the things they are looking for, rather than wait for someone else to advertise them. For example an extreme sports enthusiast might post on their twitter profile that they are looking for 7’6” surfboards, and because of the potential size and power of the networks here, they will likely find multiple people very quickly who have suitable surfboards for sale

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Traders Using Twitter To Stay Ahead of The Game

July 16th, 2009

Any investment banker or financial adviser in the city will vouch for the importance of good communication methods in succeeding in trading. It is vital for them to have open channels of communication with others and be connected to the latest business information. This information tends to come from a great deal of sources, including mediums such as press releases, business statements, cable news channels and many more. There is however an ever-increasing demand for information to be supplied and received faster and more readily. The phenomenon that is Twitter is now being adopted by city traders according to National Austalia Bank (NAB), as a means of staying connected to those in the know.

Twitter has been termed a ‘micro-blogging’ entity, where people are limited to posts of 160 characters. This is something that traders really like about the site as it forces posts to be concise and avoid waffle. Users within a certain niche, such as the alpha wire sector, can follow other Twitter members who they want to receive updates from, and can themselves be followed. The financial sector operates in a global market these days and people need to be able to stay in touch with lots of different people who are in different countries and different time zones. This is made possible via Twitter, which allows various information and media outlets to communicate and feed off each other, often supplying information as it develops and without bias.

Because there is a function that allows users to send and receive private messages via Twitter, some parties believe that it could possible used for insider trading. Although supporters such as this multicore cables business are quick to point out that this was always possible via email and the real power comes from the ability to alert hundreds of thousands of people publically, which of course can be monitored for underhanded dealings if necessary

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