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Posted: Sat Jul 21, 2018 3:14 pm
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Posted: Sun Jul 22, 2018 8:55 am
Post #2: Types of Currency
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Posted: Sun Jul 22, 2018 10:53 am
Post #3: Using Your Time and Talents to Get Coins
You can often get folks to give you gold or platinum in exchange for services or art.
The Services subforum often has shops that are hiring bumpers who post in threads (for which you get coins) and get paid to do so.
Visit the Mini Shops forum to see shops where others are selling their wares. There is also a Pricing and Suggestions subforum to get help with how much to sell your art for.
Good luck!
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Posted: Sun Jul 22, 2018 11:09 am
Post # 4: Using Real Money to Get Coins
You can give Gaia real money through a number of sites like PayPal, and Gaia will give you Gaia Cash in return. $1.00 = 100 Gaia Cash (gc). If you want to support Gaia on a regular basis, you can become an Angel Subscriber and set up a recurring payment to Gaia monthly.
You can use Gaia Cash to buy items in one of the Cash Shops (See "Gaia Cash" in Post #2 for a list). You can sell the item in The Gaia Exchange or in the Marketplace. Hint: Do not waste your Gaia Cash buying items in the Marketplace - the cost there is always much higher than if you converted Gaia Cash to coins by buying and selling a Cash Shop item and then used coins to buy your item.
Cash Shop items generally start at a high price in the Marketplace, then drop quickly, and then frequently increase again in value. Do not count on them for long-term profit because Gaia often re-releases new items 6 months later, bringing the worth down again. Often (but by no means always) the costlier items hold their value better.
Chance Items (CIs), also known as Random Item Generators (RIGs), are items where you buy it and can sell it unopened, or open it and hope for a costly item but take the chance of probably getting an item worth much less. You can generally find a thread in Gaia Community Discussion that tells you what can be found in a new CI. For older CI's you find for sale in the Marketplace, you can check Master CI Archive Index.
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Posted: Sun Jul 22, 2018 5:59 pm
Post # 5: Playing the Market
Of course, the best way to make coins on the Marketplace (MP) is to buy an item that has been priced low and sell it for a lot more than you paid for it.
TIMING:
1. Generally a brand new item costs more when it first comes out and then the price drops a lot over the first few days. Free items (from events, Spinami, etc.) almost never recover to their first-released prices, but most other items do eventually recover much of that loss, and sometimes go even higher.
2. Items sell fastest during the evenings (USA time) and over the weekends. They often sell for slightly less in the Exchange forum if you can find the item you want for sale (about 90% of the Lowest Buy Price, or LBP). The other number you can use to haggle if it's lower is the ABP or Average Buy Price.
3. The MP has ups and downs. If the graphs are hidden, click "Show graphs" for more information. Graphs show how an item has been selling over the past month/year, both in price and number. If very few are sold each day but several are for sale, you may need to set your price much lower to entice anyone to buy it. If none are for sale, you may be able to set the price higher. New items won't have enough data to graph and the prices are extremely volatile (moving up or down very quickly, usually down).
4. When a Chance Item with many new items comes for sale, the items in the CI start very high, especially the rare ones.
5. The graphs for the last month show how the prices have been going lately on average. If the prices are going down, you only want to sell an item that was a free item recently. That price will continue to drop until those are often worth very little. But if your item is just experiencing a brief dip in price, hold off selling it for a while (days or even months) until the price comes back up. Many, though not all, prices come back up given enough time.
6. When you sell it, the 7 days default is usually a pretty good way to be sure everyone gets a chance to see it and buy it. If it hasn't sold in 7 days, it probably won't sell at that price in 14.
PRICING:
1. Gold shop items (and some others) can be sold for half their cost (or Sellback Value) from your Inventory. If you can sell items for more than that on the MP go for it. Never buy items for more than they cost in the shops! If you want it for yourself, just buy it from the shop.
2. When setting your price, make sure that you price it to cover the 5% MP tax. Selling an item that cost you 1,000 plat for 1,049 plat will not give you a profit! You have to sell it for at least 1,050 more before you've covered the tax. To be sure, multiply the price you paid times 1.05 to see how much you need to sell it for just to break even.
3. Look up the item you are selling on the MP. If the Lowest Buy Price is higher than the Average Buy Price, prices are going up and now is probably a good time to sell. If the Average Buy Price is higher, prices are dropping and it's probably not a good time to sell (unless it was free). Be careful to make sure that the item is being bought by checking the graphs. If only one or two were sold each day for the past several days, that item is not easy to sell. You're price will probably need to be close to or less than the Average Buy Price to sell.
4. I just list buy price and don't generally mess with bidding prices. If you do use bid prices, be sure not to set the starting bid price for less than you'd be willing to see it sell for. Let the bid increase by 1 to give everyone a chance to bid. Be careful not to set the increment too high, or you will never get more than your starting bid.
5. If the first several Lowest Buy Prices are increasing sharply and lots of the item are being sold, pick a price just a bit less than the second price to sell fairly quickly (as that lowest price will probably sell very soon and then yours will be the lowest). Again, check the graphs to be sure the items are actually selling.
FINAL NOTES:
1. DOUBLE CHECK YOUR LISTING! Make sure you have the right number of zeros and the numbers reflect the price you want.
2. Only sell one of a given item at a time. Don't compete with yourself! If it sells quickly at that price, you can list it's duplicate and maybe even raise the price a little.
NEVER GIVE ANYONE YOUR PASSWORD! No staff member on Gaia needs it and anyone who says they want or need it is lying and will only steal from you. If you get a PM or see a message asking for your password or asking you to reset your password to their choice, report it immediately and do not follow their instructions!
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Posted: Sun Jul 22, 2018 7:09 pm
Post # 6: Charities
Still need more coins? Check out THE List of Charities for charities run by generous Gaians willing to donate coins (or sometimes items) to you. That thread is in the Charities/Quests forum, which might have active unlisted charities on the first page of the forum, too.
BE SURE TO READ the WHOLE FIRST PAGE of any charity you go to so you follow their rules. It's only 15 posts at most, and if you fail to follow their rules you will probably not get a donation from them.
You must have a Trading Pass for anyone to give you coins. You can buy one for 500g at the Bank. Be sure to change your account preferences to "gold" from "platinum" so you don't get charged 500 platinum for it. Then change your preferences back to "Platinum" so everything else you do earns more.
Begging for coins by just saying "give me ___" or use of crying emoticons is generally frowned upon as annoying and will not get you much in the way of donations.
MAKING A QUEST THREAD
You've visited charities and some require a Quest Thread. What is it? It is a thread you start to show you are dedicated to saving up enough platinum for some expensive item. Some items were given out and are not in stores. These items are only available in the Marketplace or The Gaia Exchange if someone is selling theirs. You can search for any item on Gaia in the Marketplace or from your Dress-up page (click "All Gaia" instead of "My Inventory" when searching at the top of your inventory window).
Parts of a Quest Thread:
1. Introduction (a poll may attract more visitors) telling what you are questing for and why.
2. Progress telling how much you have and how much you will need to get the item.
3. Thanks Section thanking all those by name who have donated to your quest.
4. Thanks to bumpers who help keep your thread visible. BUMP means "Bump Up My Post" and is used to move a thread to the top of its forum. Threads are listed in each forum in order of most recent posts. So the thread which has had a post most recently will be at the top of the list after the Announcements and Stickies. Any post, including just an emoticon or the word "bump" will effectively move that thread to the top of its forum, and therefore be more visible to folks browsing the forum at that time.
5. Links to other threads (like charities that have helped you, other fellow questors, shops, or any other helpful threads you'd like to keep linked).
* Graphics make a thread more appealing, too. If you add a graphic link in your signature to your quest thread, perhaps folks might click it to visit your thread, maybe even bump it, and who knows, perhaps even give you a donation! Visit (and even bump) other quest threads for an idea of the possiblities! There are many talented folks in the Minishops forums who sell graphics if you don't want to make your own.
Other information that charities often look for include your join date and number of posts. This information can be found in your profile, found under the MY GAIA tab.
Good luck!
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Posted: Sun Jul 22, 2018 8:17 pm
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Posted: Sun Jul 22, 2018 8:33 pm
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Posted: Fri Jun 21, 2019 1:02 pm
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Posted: Fri Jun 28, 2019 6:04 am
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nuGen Staff Businesswoman
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Posted: Thu Apr 30, 2020 4:56 am
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Posted: Sat May 16, 2020 9:18 pm
Thanks for the guide & Bump heart
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Posted: Sun Sep 06, 2020 12:42 am
heart heart heart heart heart heart heart heart
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