How to make money repairing game consoles

With the current state of the economy and with industries collapsing from left to right, making job security a huge concern, a question that should be of great interest to people wanting to find another source of income is the following : Can you make money repairing games? consoles?

Consider these facts:

– The video game market is a $ 40 billion per year industry.

– Almost 40% of American households own at least one video game console.

– Almost 200 video games, on average, are released per month, spread over various platforms.

– Video game consoles have existed for almost 4 decades. Video game companies have been impact players in the home entertainment industry for nearly 30 years.

– With the increase in the price of gasoline, more people will find ways to entertain themselves at home and video games would be a very attractive option.

The numbers listed above will immediately tell us that you can indeed make money repairing game consoles; in fact, a lot of money. The base market is there. What must be determined is the demand.

How often do game consoles break down?

The current generation of video game consoles is not as rugged as previous versions of it. The main example that would illustrate this fact is undoubtedly Microsoft’s Xbox 360. The Xbox 360 is plagued with a persistent problem signaled by 3 red lights – infamously labeled 3RL or 3RLOD (3 Red Lights of Death) – on the front of the console itself. These 3 red lights indicate a general hardware failure, the details of which Microsoft refuses to discuss in public. The 3RL problem is quite common. Microsoft sets it at 16%, but observers believe it can go as high as 60%.

Now the 3RL problem, once considered hopeless, has been scrutinized by home enthusiasts and some cures have been formulated. Microsoft refuses to acknowledge these cures. However, these cures work and often these cures permanently solve the 3RL problem.

This is where it gets quite interesting if you want to make money repairing game consoles – the cures for 3RL problems for the Xbox 360 are easy to implement. Just by studying the procedures involved, you will be able to get a unit up and running in no time. You don’t need a deep knowledge of electronics. You do not need experience in repairs. No need to read complicated schematics. Just follow some YouTube videos and voila.

But not all console owners would be willing to learn these things.

Hence the demand for game console repairs.

People who make money repairing game consoles repair the consoles themselves or publish information products, such as e-books and special reports, that detail the steps to repair these video game units. One such entrepreneur who sells an informational product on how to fix the dreaded 3RL problem for Xbox 360 makes more than $ 1,000 a day simply by advertising his product on a popular Xbox 360 forum.