Beginner's Guide, by Francis Drake | Page 1 | The Vendors Union | Guild Forums

Blood`Sentinel
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Posted: Mon Jun 18, 2007 8:38 am

Hey everyone; in the Guides, Tutorials and Articles thread we now have a Beginner's Tutorial on how to vend and exchange and its a great one to. Francis Drake agreed to re-post it for us in our guild so we can have easier access to it.

Go here to read it Its a good read, I hope you all enjoy it.

Posted: Mon Jun 18, 2007 8:55 am

I personally don't like his guide I feel he's to blame for all does wannabee exchangers and vendors that bid close to Market price but then thats just me

Pikkupstixx
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Blood`Sentinel
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Posted: Mon Jun 18, 2007 8:58 am

Zaku Hatake

I personally don't like his guide I feel he's to blame for all does wannabee exchangers and vendors that bid close to Market price but then thats just me

Thats only a slight error caused by the fact that he refers to a Spirit Falcon on sale for 7600g and a resell of 8000g giving a 400 gold profit, new members of our guild will also have access to information by other users which will teach how to make large profits on items, not just 400g profits. His guide teaches noobies how to begin vending and using this system of earning money, its informative and very well organized something you don't see in a lot of guides.

Posted: Mon Jun 18, 2007 9:31 am

Blood`Sentinel

Zaku Hatake

I personally don't like his guide I feel he's to blame for all does wannabee exchangers and vendors that bid close to Market price but then thats just me

Thats only a slight error caused by the fact that he refers to a Spirit Falcon on sale for 7600g and a resell of 8000g giving a 400 gold profit, new members of our guild will also have access to information by other users which will teach how to make large profits on items, not just 400g profits. His guide teaches noobies how to begin vending and using this system of earning money, its informative and very well organized something you don't see in a lot of guides.

Yea that part is to blame *takes out torches and spears* but I do agree other then that it is organized and stuff pretty well done 3nodding But I don't like that example 400g profits are a waste of time talk2hand

I was born knowing how to vend cool Now if I need a super fast computer ninja

Pikkupstixx
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Blood`Sentinel
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Posted: Mon Jun 18, 2007 9:34 am

Zaku Hatake

Blood`Sentinel

Zaku Hatake

I personally don't like his guide I feel he's to blame for all does wannabee exchangers and vendors that bid close to Market price but then thats just me

Thats only a slight error caused by the fact that he refers to a Spirit Falcon on sale for 7600g and a resell of 8000g giving a 400 gold profit, new members of our guild will also have access to information by other users which will teach how to make large profits on items, not just 400g profits. His guide teaches noobies how to begin vending and using this system of earning money, its informative and very well organized something you don't see in a lot of guides.

Yea that part is to blame *takes out torches and spears* but I do agree other then that it is organized and stuff pretty well done 3nodding But I don't like that example 400g profits are a waste of time talk2hand

I was born knowing how to vend cool Now if I need a super fast computer ninja

lol; well I do 400g profits on junes because they sell so fast, but I usually do it while I wait for the 3-4k profits. razz and I always make sure I have enough cash to purchase those good profit june's. Beginners kind of need to practice making profits period and the whole system, cause I know when I first started whenever a 3k profit would appear I would get to excited and it would mess me up and I would lose it.

Posted: Mon Jun 18, 2007 1:17 pm

Blood`Sentinel

Zaku Hatake

I personally don't like his guide I feel he's to blame for all does wannabee exchangers and vendors that bid close to Market price but then thats just me

Thats only a slight error caused by the fact that he refers to a Spirit Falcon on sale for 7600g and a resell of 8000g giving a 400 gold profit, new members of our guild will also have access to information by other users which will teach how to make large profits on items, not just 400g profits. His guide teaches noobies how to begin vending and using this system of earning money, its informative and very well organized something you don't see in a lot of guides.

You also have to look at the return on investment. A 400g profit on a 7,600g investment gives you a 5% rate of return. A five percent ROI really does add up quickly when you don't have much to start with. My specifically gave my guide the title "How to Make your First 100k . . . " because once you have 100k, you really start to have different goals when you trade. Specifically, if you start trading 50k+ items, you have to have a bit more patience for them to sell. You can't expect items to just jump the way the current 15k collectible will move.

I still look at 5% as my minimum profit for a transaction. If I can make 5%, I'll buy the item and resell it. But I find that most of the time, the bargains I get put me at about a 20% ROI.

Francis Drake
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Arcangelo Gabriele
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Posted: Tue Jun 19, 2007 11:14 pm

Francis Drake

Blood`Sentinel

Zaku Hatake

I personally don't like his guide I feel he's to blame for all does wannabee exchangers and vendors that bid close to Market price but then thats just me

Thats only a slight error caused by the fact that he refers to a Spirit Falcon on sale for 7600g and a resell of 8000g giving a 400 gold profit, new members of our guild will also have access to information by other users which will teach how to make large profits on items, not just 400g profits. His guide teaches noobies how to begin vending and using this system of earning money, its informative and very well organized something you don't see in a lot of guides.

You also have to look at the return on investment. A 400g profit on a 7,600g investment gives you a 5% rate of return. A five percent ROI really does add up quickly when you don't have much to start with. My specifically gave my guide the title "How to Make your First 100k . . . " because once you have 100k, you really start to have different goals when you trade. Specifically, if you start trading 50k+ items, you have to have a bit more patience for them to sell. You can't expect items to just jump the way the current 15k collectible will move.
I still look at 5% as my minimum profit for a transaction. If I can make 5%, I'll buy the item and resell it. But I find that most of the time, the bargains I get put me at about a 20% ROI.

OMG ITS HIM

but anyways yeah,

Whenever I have as low as 20k in my pocket, I just tend to deal with labu's and syaorans cloaks. If I buy 200 cloaks at 200 gold each I could sell at 300 and make 100 gold on each. That's an easy 20k right there and all of a sudden i can get 400 cloaks and get twice the amount

Posted: Mon Nov 12, 2007 3:08 am

biggrin

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