The speculation of PlayStation 5 and Xbox Series X is the order of the day due to the shortage of production due to the lack of components, a situation that may not improve until the year 2023. The resellers of new generation consoles have earned a bad reputation. reputation by those users who want to acquire a new system without having to pay the inflated prices that we can find on some websites. What do resellers say about it? The portal VGC shares some statements by Jack Bayliss, owner of Aftermarket Arbitrage (a resale service), who has tried to justify his actions by claiming that is helping to “create young entrepreneurs” with its service.
To give some context to how Aftermarket Arbitrage works, it should be noted that it is a subscription service where members pay £30 a month to be informed of new replacements of products that are scarce in the market, as is the case with PS5 or XSX. The platform has more than 1,500 subscriptions, and Bayliss says she’s earning more than £45,000 ($61,000) a month helping shoppers buy acquire items they want in order to sell them at a higher cost than the original. The reseller in question declared to the Sky News medium that he believes that the benefits generated with this type of resales outweigh the drawbacks and explained why he believes so.
The majority of subscribers to the service are young
“I can see the other side of the coin, the area that the media and the general public who hate us by citing the resellers. For me, having the PS5 or an Xbox is not a necessity, it’s a luxury, okay? If you can afford to spend £450, spending the extra £100 should be pretty marginal., if you have cash to splurge on that. Yes, some families are going to have to pay another £100, but what you don’t think is that our members, who have 30 consoles, are earning £100 each. And so they’re earning a good month’s salary in a couple of days“, Bayliss explained. In addition, he added that many of the members who are subscribed to his platform “are very young” and that he is giving them guidelines to create their own businesses in the future.
What you don’t realize is that our members, who have 30 consoles, are earning £100 each.
“What they’re doing is be entrepreneurs, go out, create an additional incomeAnd they’re doing something that 90% of the population can’t be bothered to do.” Additionally, Bayliss says that some of his subscribers have managed to sell enough consoles to quit their jobs and pursue it. “They spend more time with family , with his kids. We’ve had people renovate their houses, they’ve bought the kids a playground, they’ve bought their wives new cars, they’ve bought themselves new cars. One of our members was £20,000 in gambling debt. And we accept it. He’s been with us for a year, now he’s clean, and he’s made, I think, he’s made a significant amount of money.“, comment.
If we take Bayliss’s statements as true, we would be talking about the fact that the problem of speculation is much more widespread than we even thought, due to the simple fact that a significant number of people can make a living solely from the profits they make from reselling highly-demanded products at much higher prices than the original. What is the solution to this problem? At the moment, from the United Kingdom they are studying the possibility of prohibit resale, while John Carmack, co-founder of id Software, believes that both PS5 and XSX should be sold without intermediaries to reduce speculation until the stock problems disappear.