Curse

monty123 · Jul 22, 2006, 02:51 AM // 02:51

Since that seems to be all the fow wearing peoples techniques, and the rich peoples, I want to learn how to do it(people in post the most money you have ever had thread in screenshots). I have no experience in buying stuff, just pretty much go with whats posted here and just take what ever I can get. So what's your techniques?

Zinger314 · Jul 22, 2006, 02:54 AM // 02:54

You buy low...and you sell high!

Hockster · Jul 22, 2006, 02:56 AM // 02:56

Hang out in the lesser populated districts and scam newbies.

monty123 · Jul 22, 2006, 02:57 AM // 02:57

Quote:

Originally Posted by Zinger314

You buy low...and you sell high!

I would have never guessed...I guess thats what happens when I ask questions I get the people that want the biggest e-peen they can get, I am looking for something that shows whats in demand, and what to watch for, etc.

moo moo · Jul 22, 2006, 02:58 AM // 02:58

Thats all people seem to do nowadays is try and rip of nublets and sell high to ebayers. Now i have dumbass's trying to lowball every price calling me nub you'll never sell it. Yet they have FOW armor and ask in all chat where is the henge at.................... I feel bad for all of us that had to work hard for our FOW sets. Can u people at least use the trade chat.

whitedragon · Jul 22, 2006, 03:12 AM // 03:12

The key to buy low sell high is knowing the prices. I like to sit in LA and droks for 30min or so to see what the prices are (the high & low) before i buy or sell anything. Also know where to look (Asc. is low Droks is mid & LA is high price range) so most of the time i buy in Asc then resell in Droks or LA for a little profit. And it does help to know what ppl are into at the moment(what skin ,weapon and so on. hope this helps

milias · Jul 22, 2006, 03:14 AM // 03:14

Quote:

Originally Posted by whitedragon

The key to buy low sell high is knowing the prices.

Aye, that's the most important piece of information right there

Information is money

Vahn Roi · Jul 22, 2006, 03:21 AM // 03:21

I would imagine to get into this sort of thing, you would need funds to start buying with. Can anyone suggest an good amount of gold to start with if you plan on getting into power-selling?

whitedragon · Jul 22, 2006, 03:27 AM // 03:27

Quote:

Originally Posted by Vahn Roi

I would imagine to get into this sort of thing, you would need funds to start buying with. Can anyone suggest an good amount of gold to start with if you plan on getting into power-selling?

You use what you got and when you only got a small amount of gold you buy cheaper things. there is no real differance from high power selling to low power selling just the price.

Shadow of Light · Jul 22, 2006, 03:30 AM // 03:30

Quote:

Originally Posted by monty123

I would have never guessed...I guess thats what happens when I ask questions I get the people that want the biggest e-peen they can get, I am looking for something that shows whats in demand, and what to watch for, etc.

I suggest going to the Ventari's Sell forum section. Check out ALL the subforums for an idea of prices and what the popular items are. Keep them bookmarked for quick reference. There are whole threads dedicated to popular weapon skins, baseline green pricing, mods etc. Very useful.

Minus Sign · Jul 22, 2006, 03:35 AM // 03:35

Horde. No; I'm not talking about minions. Certain items hold value with only small fluctuations in price. Buy them when they are on the downward spiral and sellt hem when they peak in the upper ranges. 2 do this well, you will need 1, probably 2 storage toons; characters created just for the extra bags.

Items like craft, rare craft, perfect mods or Black dye are excellent money makers over the long term. these items are ALWYS in demand, to some extent, and someone is always desperate to get them for less than the merchant is offering. Know Trader prices first and formost when you do this, so you can squeeze as much profit as possible from the materials. No1 will buy from you at straight up trader prices, but you might be surprised how many folks will buy from you for just a little bit less.

Try to buy them from people who have been spamming for a while (sadly, many people go to Ascalon and newb areas to take advantage of inexperienced players. it works, but leaves little room for scruples); they may be willing to take a loss to get back to farming. Mods and rare skins keep their prices better than greens, which become overfarmed quickly and lose value. If you can get a green on the cheap, don't horde it for this very reason. Over time, it depreciates as the people who want it, get it.

Best advice I can give if you want to buy low, sell high: never get imaptient. Thats how other people--the rich folks who "buy low/sell high"--make money. Off YOU.

Winds · Jul 22, 2006, 04:09 AM // 04:09

Scout for guys who don't know how much their items are worth.

Nevin · Jul 22, 2006, 04:21 AM // 04:21

Personally if you want to be rich. You always got to be the first. The first few days of Factions, Amber was selling for 10k each! I made nearly 250,000 just by faction farming the duel and trading Amber to the impatient players. Jade Wind Orbs were another great deal. Trust me, be the first and you can set the price. Now that you have the knowledge of being first, you need to understand that its very unprofitable to buy something right when it comes out. Wait a week, it'll go down in price.

MMSDome · Jul 22, 2006, 04:24 AM // 04:24

Quote:

Originally Posted by Hockster

Hang out in the lesser populated districts and scam newbies.

you are now my new hero.

I usually buy in Droks and sell in LA or Kaenig. Droks has a bunch of airheads

Kook~NBK~ · Jul 22, 2006, 06:17 AM // 06:17

Rare materials is a great way to "buy low/sell high." You can get parchment crafted for 20g + 5 wood (= 60g or so) and sell it for 85 - 100g. There are other materials you can get made on the cheap, too. The trick is to know which ones they are.

*lemming* · Jul 22, 2006, 06:19 AM // 06:19

I'm pretty sure that parchment no longer sells for anywhere near 100 to other players.

Shadowfox1125 · Jul 22, 2006, 06:55 AM // 06:55

I stood in Drok's for about half an hour while I did some work.. I bought 3 Totem axes in that time: 5k, 5k, 5.5k. - Sold them for 7k, 7.5k, & 8k.

Instant 7k.

monty123 · Jul 22, 2006, 07:13 AM // 07:13

Thanks for the help, Guess all I can do is try and learn from mistakes, as its hard to explain.

Digital Bath · Jul 22, 2006, 07:22 AM // 07:22

Buying low and selling high eh? I didn't really see a point in doing that in GW unless it was some major thing (ectos, shards, etc.). It is easy enough to go out and kill some mobs solo and sell the junk that drops to make a decent amount of money fairly fast. If you must do this, just avoid LA with a fiery passion :P LA = bot paradise, scammer paradise, and over all "U BAI NOW FOR 1000 ectos!!!!1" place

ThePadawan · Jul 22, 2006, 07:25 AM // 07:25

Unless in an extreme case (newbie with a crystalline for 50g?), the money you make goes as far as what you start with. You're better off farming something for 20k/hour than earning 10k profit in an hour than trading with your 20k. I suggest to start with farming (see Ractoh's Spider farming guide in Riverside Province section) to get your initial, then play with your money from there.