scattrbrain

No, I am not promoting one of those websites that make you sign up for offers you dont need. I am presenting an arbitrage opportunity that everyone should capitalize on. If you love games and game consoles, you will understand this even better.

• The PS3 is releasing on November 17
• The Wii is releasing on November 19

Some of you may have understood what the arbitrage play is. For those that did not, here is a little more information.

Fact: When demand exceeds supply, prices go up

Ok, for those of you who still do not get it, I’ll get to the point.

Historically, whenever a new game console is released, there is always a severe shortage of consoles. This shortage forces many game aficionados to pay extra for the consoles. How much extra ? Sometimes 2-4 times the price of the original. (Sometimes you have to pay to be the coolest kid).

How to exploit this ?

Stand in line the day the console is released. Take some friends(who dont want a game console) along if you can. On the day of the release, you can typically buy one console per person. So buy as many as you can. Once that is done, go home and list them on ebay with a reserve price which equals the price of the consoles + shipping. You are guaranteed profits. The console will normally sell for twice its original price. If you get more, even better. If you really want one of the consoles, keep one for yourself or wait till the hysteria dies down.

Have fun with the money :)