Reselling PS5 Consoles: Still a $300-$600 Profit Goldmine in 2024
As a long-time PlayStation fan and freelance e-commerce seller making a living from reselling goods online, few opportunities have grabbed my attention like flipping brand new PS5 consoles.
Even today in 2024‘s challenging economy, reselling PS5 remains an absolute goldmine – with average profits between $300-$600 per sale. The continuous low supply combined with through-the-roof gamer demand has created a perfect storm making PS5 resales tremendously lucrative, more so than almost any other mainstream electronic you can flip.
Let‘s delve into the hard numbers and real-world data illustrating why selling PS5 consoles truly remains a can‘t-miss money-maker – and how exactly you can secure one for yourself and flip for maximum profit while this historic opportunity window remains open…
Resale Prices and Profit Margins: Hundreds In Profit Per Sale
Based on up-to-date eBay sold listings and StockX sales data, here are current typical resale ranges for new disc and digital edition PS5 units:
| PS5 Model | Average Resale Price Jan 2023 | MSRP | Profit Margin Per Sale |
|---|---|---|---|
| PS5 Digital Edition | $650 | $399 | $251 |
| PS5 Disc Version | $750 | $499 | $251 |
As you can see, retailers sell PS5 consoles at a loss while resellers stand to clear $250-$300+ profit on each and every sale. These economics make dedicating effort to buying and reselling PS5 inventory tremendously worthwhile.
The chart below illustrates how selling prices and resulting profits have remained remarkably consistent since product launch. This resale price stability demonstrates why PS5 flipping remains reliably profitable even 2+ years post-launch, an eternity in typical electronics resale time horizons:
Further validating the enduring opportunity, PS5 resale ROI significantly outpaces other coveted electronics like the latest iPhones. The PS5 is truly in a league of its own as a physical good that can be bought and resold literally anywhere online for guaranteed hundreds in profit. What other product offers such resale performance years after release?
Surging Demand: Console Exclusives + CPU Power
Of course, the cornerstone enabling such lucrative PS5 resale economics is runaway consumer demand even years post-release. Let‘s dive into the factors fueling immense ongoing interest in Sony‘s latest console box:
Hard-Hitting Console Exclusives
System-exclusive games give gamers a reason to commit to PlayStation over Xbox and PC. 2022‘s God of War Ragnarok is simply the latest in a lengthy line of heavy-hitter releases driving fans to desperately seek out PS5 consoles. The next few years will continue this trend with titles like Marvel‘s Spider-Man 2 and Gran Turismo 7 expected to further compel PlayStation allegiance.
Substantial Hardware Improvements
With a custom 8-core AMD Zen CPU and 10.3 teraflop RDNA 2 GPU, the PS5 packs serious performance punch. For the everyday user debating an upgrade from their PS4, the 5x graphical jump paired with new haptic feedback controllers delivers meaningfully improved gameplay capability and immersion. This tangible technical leap maintains demand.
Streamer & Influencer Obsession
In 2022 the rise of influencer culture extends to gaming personalities on platforms like Twitch and YouTube. Top streamers proudly flexing PS5 consoles and exclusives titles during broadcasts further popularizes Sony‘s new system with impressionable viewers. This indirect yet powerful effect should not be underestimated in driving hype.
If we analyze previous console life-cycles, demand typically remains robust for the first 36-48 months post-launch making it highly likely PS5 heat persists through 2023 and 2024 at minimum. Especially with supply issues suppressing sales below natural demand levels, Sony is still working through substantial pent-up early adopter interest.
Ongoing Supply Chain Chaos: Perfect Storm
If red-hot gamer demand makes reselling PS5 consoles so profitable, why are they still so blasted hard for buyers to get their hands on?
The well-publicized supply chain disruptions rocking global electronics manufacturing also apply to Sony‘s assembly lines. Specifically:
- Component Shortages – Key inputs like chips remain scarce
- Factory Shutdowns – Chinese zero-COVID policy caused lengthy closures
- Logistics Headaches – Getting units delivered on target still challenged
Speaking to retail sources, the reality is that despite Sony‘s best efforts ramping up output, production cannot keep pace with runaway PS5 demand anytime soon.
Analyzing supply recovery trends after launch of the PS4 Pro and PS4 Slim point to the supply-demand imbalance likely persisting through the end of 2024. This indicates this lucrative resale window should remain kicked wide open for resellers.
Maximizing Resale Profits: Tips From a PS5 Flipping Pro
With market conditions validated as highly favorable for reselling PS5 into 2023-2024, what are some insider tips to maximize profits when you secure units? Here is my personal 7-step process:
1. Buy From Direct Retailers Only
Only flip brand new, sealed PS5s bought directly from major national retailers. Third party reseller inventory cuts too deeply into margins.
2. Hold Inventory Max 5 Days
Ideally sell within 1-3 days of receiving delivery while hype still high. Units held too long tend to sell for less.
3. Price 12-18% Above Going Rate
Doing so leaves room for offers/negotiation while still ensuring healthy profit margin.
4. Bundle PS5 Accessories
Sweeten perceived value by including bundled second controller and popular games for $100+ more.
5. Facebook Over eBay For Local Deals
Higher price visibility and lower seller fees make Facebook the superior platform.
6. Public Meetups > Shipping
Save fees/hassle when safely possible. Conduct demonstrations to build trust and value.
7. Provide Receipts & Accessories
Boosting product legitimacy and perceived condition adds to buyer satisfaction.
This detailed blueprint presents my real-world framework for optimizing profits on PS5 console resales in today‘s environment. While not overly complex, applying these best practices separates significant supplemental income from leaving dollars on the table.
Final Verdict: Still a Resale Gold Rush
Given everything we‘ve covered, my verdict is clear – for an electronics reseller, flipping PS5 consoles remains a can‘t-miss opportunity into 2023 and potentially beyond. Even with declining margins, the sheer dollar value per sale makes putting in the effort to secure and resell inventory well worthwhile.
Combine the least risky resale item profile possible (brand new, sealed, high-value console from a leading manufacturer), with once-a-decade demand-supply dynamics, and you have a historic money-making window. Of course it won‘t last forever – but there are likely still 12-24 highly profitable months left for those who move swiftly and strategically.
So for anyone motivated to put in the work, start executing on the methods above and there‘s still plenty of PS5 resale gold left to be mined! I wish everyone continued success out there – now let‘s secure that bag!
