Question
How to keep my game and movie rental business operating?
I'm really worried about my business. I started up a modest video store in my medium/large sized town about 14 years ago, and since then, have expanded to doing DVD rentals and game rentals. I also opened another store in 1998. Nowadays though, it seems business is becoming less and less. Even before the recession hit. Mega chains like Blockbuster and Hollywood Video have taken up some turf, but I managed to stay along fine for a few years. It just doesn't seem like it will work anymore. Also, I've noticed this consumer shift to online media, where they can easily pull up media from places like Amazon, eBay, Zune Marketplace, iTunes, Xbox Live Marketplace, and even torrent sites. What are some ways I can keep my movie & game rental business alive, without going under?
8 months ago - 4 answers
Best Answer
Chosen by Asker
Why don't you shift online too. You could send movies by post to other cities aw well. I believe these guys can help you. www ...
Source(s)
They did help me.
by CoolDiamond
8 months ago
Asker's Rating: 
Other Answers
Unfortunately, media experts are predicting that the storefront video rental (including the blockbusters, etc.) business is on its last legs. As you have noticed, the ease of ordering movies, etc. without going out is decimating the industry. Rather than trying to beat a dead horse, so to speak, you may want to start phasing out the video rental part and look into other service type businesses. Possibly in addition to game rentals, game sales (especially used games a la GameStop) might help bolster business. Add in an inventory of side products (game guides, accessories, current magazines) and you could probably start up a parallel source of cash flow. I would highly suggest staying on top of current events in the gaming industry and trying to be on the cutting edge of products and games. Throw in a small coffee cyber-cafe or something similar, online Halo for a small fee, etc.
by Steve D- 8 months ago
Well, also, some people have also turned to netflix to. This company let's you keep your movies for so long and don't charge extra for keeping it for that length of time to and return it when they get tired of that movie and replace it with another movie that they have already picked out. So, I wish that you could do business like that. It is also cheaper too.
by lightcake29- 8 months ago
I work for Hollywood idk if you have a subscription plans. But you might want to think about that. Because its money upfront and the customers are more likely only rent from you, if they are invested in your company. If you have late fees, make the plan have no late fees. If your rentals cost 5 bucks a pop, them sell a subscription for 15 dollars that allows you to rent 5. I went through two plans at Hollywood the old MVP no late fees no due takes infinite rentals. But Hollywood lost a lot of money with the "infinite" part. So they came up with the Powerplay monthly fee no late fees no due dates nut instead of infinite they give you points which can use towards rentals. Granted that can be confusing but so far it has been a success for Hollywood i know in my store I personally have sold 100 subscriptions. And that was fourth most in the region in one month.
by Tom B- 8 months ago