TEACH ME YOUR WAYS
biggrin What if i don't have 100b to start with? What should I do?
you dont have to have 100b you can vend with any amount, 100b was just a default number. lets say all you have is 10b. you take then 10b and offer 5b on a 7-8b item then make 2-3b. bring yourself up to 12-13b. invest 5b into another 7-8bill item. then youll have 15-6b. take 10b at that point and offer on a 13-14b item and be up to 19-20b. now at this point you have more gold so you can take 10b and invest in a 13-14b item and another 10b in another item and make a 6-8b profit bring yoursel up to 26-28b. and just keep increasing the amount of profit you make with the amount of gold you get. the more it cost, the more you can profit.
so if you had 100b, and saw a listing of an item with 4-5 listings. and the lbp was lower then abp. you can offer 100b on a 115-20b item and make an immediate 15-20b profit or sell at an abp, in the scenario lets say it was 145b. you can make 45b off that vend instead of 15-20b if you sell at the right time. but dont forget, THE LONGER YOU WAIT, THE MORE LIKELY SOMEONE WILL UNDERCUT YOU
How do I know if its a good deal or not?
So basically you have to examine 2 things. The LBP and ABP. if the abp is higher then the lbp that usually has alot of opportunity. but if it looks like the item is going down dramatically, (mostly with new items) then dont buy it, cuz its going to drop lower. but if its a solid item like an 03 you dont really have to worry about it too much. very rarely do they drop dramatically unless EVERYTHING else is dropping, which is of course called Deflation. so basically if you can get a good deal of 10b or more off the lbp or abp then your pretty safe to make profit.
the second thing you examine is the Gaia Exchange. search the item in the forums and see what the last few sold for. that should give you an idea of how much people are willing to pay for it. base your offer off the GE when your not 100% sure of an item. you can specialize in a few items and eventually expand your horizons once you have a method down.
Where is a good place to look for deals?
Gaia exchange is usually the best place but you can make judgement calls on the mp with that lbp vs abp method i was telling you about. but again thats more for when your experienced, start off in gaia exchange.
What do you mean by "never let your gold sit"?
ok so lets say you have 100b. but you only use 50b of it. that other 50b is either going to deflate in value during inflation (most likely) or inflate in value during deflation. if you used the full 100b you can make theoretically twice the amount of gold or more. so when you have 0 gold and sell a few things in your store and have 30b, take the 30b and reinvest it, try and always keep the money moving. dont let it collect and sit, just reinvest, and reinvest, reinvest. you make gold everytime you spend gold if you do what im telling you. you can be making 200b+ a day, 1T a week or more. its all about stacking and flipping.
In your opinion what are you top 3 items to vend?
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