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Open letter to whoever wins the GetRichSlowly Wii

Hi, I don’t know if I know you, but congrats! I’ve been reading lots of cool submitted stories and yours is one of them. Here’s my two cents on the Wii, i.e. what I would do with it if I won it.

Well, I’m not a gamer. If you’re a gamer without a Wii then use it!

But if you’re a non-gamer like me or already have a Wii, here’s the strategy I figured out. There’s three things you can do. You can learn to play, you can give it away, or you can sell it. I was talking to a gamer friend of mine about the best way/time to sell it and what it might go for.

His suggestion? Don’t sell it right away, wait until black Friday in November or possibly mid/early December. You’re marketing it to a desperate Christmas shopper.

There’s apparently no indication that Wii production is going to go up for Christmas. Nor have they really lowered the price. So a brand-new, in the package Wii may be quite a valuable commodity.

What will it sell for? I don’t know. He thinks probably a couple hundred once the Christmas rush is in full swing.

I can’t guarantee this, but it makes sense. So I thought I’d pass it on, the odds of my winning the Wii are statistically low, so hopefully the person who gets it will stumble across this and take it into consideration. 🙂


{ 6 comments… read them below or add one }

SavingDiva October 19, 2007 at 9:17 am

Good advice on selling the Wii after Black Friday…I should consider that when selling some of my big ticket items!

Finance and Fat October 19, 2007 at 9:30 am

I saw some Wii’s selling for about double retail price last Christmas. I’m not sure if they will still do that well this year, but if shortages happen again, anything is possible. I got one a few months ago at a store, so they are findable, but still often out of stock.

Assuming they are hard to find again, I would think $300-$400 would be reasonable.

Mrs. Micah October 19, 2007 at 10:53 am

$300-400 would be very nice.

Good point, SD, this can apply to any big-ticket items that might be popular at Christmas time. Same reason why, even when buying used, it’s best to buy gifts throughout the year. Otherwise, you pay a scarcity tax of sorts…

Laura October 19, 2007 at 10:53 am

I would do that if I had won. the money earned would got to pay down my car loan.

plonkee October 19, 2007 at 2:28 pm

I was actually hoping I wouldn’t win since I live in the UK and so I don’t think it will work. I’d never thought of trying to sell it.

Mrs. Micah October 19, 2007 at 2:32 pm

Plonkee, maybe you could get it sent (if you win) to a trusted US friend who could ship it for you. That’d save JD the trouble of international shipping and you the trouble of international shipping it back to the States. Then you could sell it on eBay, etc, for US shipping only and reimburse your friend. Just a thought. 🙂

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