Curse

Voltaic Annihilator · Apr 14, 2008, 10:55 PM // 22:55

No offense...i thought this would tell us how to get money -.-...not trading tips that most of us already know

Monk In The Box · Apr 14, 2008, 11:21 PM // 23:21

Nice guide I would have to learn how to save money to. (I cant stay one second without spending gold)

Ariena Najea · Apr 15, 2008, 05:29 PM // 17:29

My suggestions aren't about the high-end market, I feel the purpose of this thread is to help poorer players achieve a low tier of wealth. My suggestions were aimed towards players who don't have a million gold to start off power trading.

@ Malice Black
1) That's not selling for 10% profit, if you read more carefully you see that you earn between 20-30% profit accounting for both buy/sell rates.
2) Depends how low-end the items are. Low-end in my guide was intended to be 1-10k. It's simply not worth the time messaging 20 people who most likely don't want the "junk".
3) Of course you start your B/O high, you haggle down, I felt it was too obvious to go in depth with.

Dante the Warlord · Apr 15, 2008, 08:18 PM // 20:18

Even though i don't really play anymore, posting WTS certain items is not good. Why? because of the lack of population now the demand for everything is less, and it was always hard to begin with. Instead be a pack rat and sell when someone post WTB so and so item. 100% efficient and they probably will be quite desperate, increasing the price for you plus they won't be thinking clearly and thinking OMG SWEET FOUND ONE!!!

Also being polite might be the hardest part of it. Guys curse you off daily...ugh just not fun. My advice is opposite of whats here, if he starts cursing you off, just put him or her on ignore. Yes, you lose that customer, but do you really want someone like him to pester you? Besides if sell to someone saying WTB, they should be kissing your ass 90% of the time, considering its not a general WTB a sword message.

arual · Apr 15, 2008, 08:36 PM // 20:36

A few suggestions for any trader, either high or low end.

1). Never answer a question with another question. If you don't state a price and someone asks your offer or price don't just say "offer" back at them, it's lame.

2). Never resort to personal insults or name calling, they're childish and immature. Even if someone starts off their selling price extremely high do not resort to insults... see if you can bring them down to a price your willing to pay. If they don't budge just say "Nevermind" or "No thanks" and cease messaging them.

3). Make your trade message simple and include the important information! Skin, requirements and inscribable/damage mods are generally the most important aspects of an item to advertise.

Notes on 3). When trading you want as many people as possible to see your message, so if it is available to see on the Party Search function all the better for you. The Party Search function only displays so many characters from the message you typed in - therefore, unless you want it cutting off, keep it short and simple! "WTS Golden Phoenix Blade R12 Insc." is a good example whereas "W.T.S ### Crippling Golden Poenix Blade of Fortitude // Lengthens Cripple 20% longer, +14 damage when enchanted "Guided by fate" inscription & +28 hp ###" contains some unnecassary info and not even all the good stuff (like the Req 12 aspect). Alot of people won't even be bothered about the mods unless they're expensive and/or perfect ones. Also be clear and spell it right, it helps make a good first impression (ok so it's not a date but at least they won't think your incapable of doing so).

Those are pretty much the cardinal rules that I follow and, to myself at least, they seem like common sense. Most people also seem to think so with only the minority 'breaking' any, and those that 'break' one tend to screw up more. Here is one recent conversation that could have gone better;

Quote:

Player A's Trade Message: "WTB hierophant bow"

Me: "What price do you offer for the bow?"

Player A: "offer"

Me (annoyed at having being answered with a question): "100k+10e"

Player A: "lol i have friend who bought two bows for 80k last week lolol stupid fag"

Me: "Admittedly my price is high but I'm not particularly looking to sell my bow and your reply to my question annoyed me a bit, as for your friend I hope he took them offers"

Me: "As for throwing insults around that is hardly necassary and is rather crude."

Player A: "why wud you hope he take them? 80k is normal price for hierophant bow. in future know your market before you trade in it"

Me: "I've traded several of these bows recently and always managed to find a buyer over 100k so your 'friend' could have made a nice profit; that is why."

Me: "As for the market price I do not pertain that my own experience is the extent of the market but it seems that I am not uneducated in this market either."

Suffice to say I think several horrible things about said player (albeit never saying them) and added him to my ignore list. Probably not entire his fault, after all 100k+10e is stretching 'starting high' a bit much but that doesn't mean that insults are called for.

Malice Black · Apr 19, 2008, 01:08 AM // 01:08

Quote:

Originally Posted by Ariena Najea

My suggestions aren't about the high-end market, I feel the purpose of this thread is to help poorer players achieve a low tier of wealth. My suggestions were aimed towards players who don't have a million gold to start off power trading.

@ Malice Black
1) That's not selling for 10% profit, if you read more carefully you see that you earn between 20-30% profit accounting for both buy/sell rates.
2) Depends how low-end the items are. Low-end in my guide was intended to be 1-10k. It's simply not worth the time messaging 20 people who most likely don't want the "junk".
3) Of course you start your B/O high, you haggle down, I felt it was too obvious to go in depth with.

Low/med end is anything below 1mill really. Depth is good

it's a guide for newbs remember.

Dante the Warlord · Apr 19, 2008, 01:11 PM // 13:11

Quote:

Originally Posted by arual

A few suggestions for any trader, either high or low end.

1). Never answer a question with another question. If you don't state a price and someone asks your offer or price don't just say "offer" back at them, it's lame.

2). Never resort to personal insults or name calling, they're childish and immature. Even if someone starts off their selling price extremely high do not resort to insults... see if you can bring them down to a price your willing to pay. If they don't budge just say "Nevermind" or "No thanks" and cease messaging them.

3). Make your trade message simple and include the important information! Skin, requirements and inscribable/damage mods are generally the most important aspects of an item to advertise.

Notes on 3). When trading you want as many people as possible to see your message, so if it is available to see on the Party Search function all the better for you. The Party Search function only displays so many characters from the message you typed in - therefore, unless you want it cutting off, keep it short and simple! "WTS Golden Phoenix Blade R12 Insc." is a good example whereas "W.T.S ### Crippling Golden Poenix Blade of Fortitude // Lengthens Cripple 20% longer, +14 damage when enchanted "Guided by fate" inscription & +28 hp ###" contains some unnecassary info and not even all the good stuff (like the Req 12 aspect). Alot of people won't even be bothered about the mods unless they're expensive and/or perfect ones. Also be clear and spell it right, it helps make a good first impression (ok so it's not a date but at least they won't think your incapable of doing so).

Those are pretty much the cardinal rules that I follow and, to myself at least, they seem like common sense. Most people also seem to think so with only the minority 'breaking' any, and those that 'break' one tend to screw up more. Here is one recent conversation that could have gone better;

Suffice to say I think several horrible things about said player (albeit never saying them) and added him to my ignore list. Probably not entire his fault, after all 100k+10e is stretching 'starting high' a bit much but that doesn't mean that insults are called for.

Just saying you probably wasted ur time.... If you get someone who is doing that just stop talking.. These guys obviously think they are cool and will try to scam you. My advice would be to just ignore them, cause you are wasting all your time and remember time is money.

Also, offer is probably the best use for haggling.; I usually ask for what their price range is and if i have anything that matches it. If the person asks for a price give em something you would consider above average and just haggle down, generally, they will just go ahead and buy it. If its something that has a skin that no one else really desperately sells, go as high as possible, the "sticker price" is never fixed.

Finally, if the person says offer and you respond too high, and finally him saying lol no way noob, then he offers *absurdly low price* just stop right there and stop talking to him or ignore him. These guys are generally immature elementary school kids or sometimes even middle school people, might even be from high school (although i would attest that the age range is between 10-15 or so). Once and a while you get a older idiot who thinks hes better then you, probably worst case buyer. Listen for only 1-3 minutes, if he keeps it up ignore, if he stops bantering just go away and DO NOT TALK TO HIM. Generally if these dudes are as "i want it now" as they are and can't find another one, in about 5 minutes they will come back with a slightly lower but more reasonable price, thats the great thing about maturity is that immature people can't wait and get taken advantage of liek that *snaps*

noneedforclevernames · Apr 19, 2008, 10:48 PM // 22:48

well thank you for the guide john madden

i have no idea how you thought of being kind and using the search function when trading.

Malice Black · Apr 20, 2008, 09:05 PM // 21:05

Huh?

The above makes no sense.

T1Cybernetic · Apr 21, 2008, 11:36 AM // 11:36

Quote:

Originally Posted by Malice Black

Huh?

The above makes no sense.

It is the result of drinking while pregnant...

Count Feanor · Apr 21, 2008, 01:45 PM // 13:45

I guess the OP gave up on the weekly posts. Good idea for a thread, however.

gw_poster · Apr 21, 2008, 09:24 PM // 21:24

The whole "can i see" response I get from potential buyers is really annoying...It's a q9 insc clean stormbow...what's to see? Anyway, I guess it's a pyschological thing that helps the buyer make a decision, but it irks me nontheless.

In terms of making money, lately I have been manufacturing cons sets. Scout the material farming areas, feathers, plant fibers, etc. and salvage any and all whites/blues (with rare exceptions) for the iron/dust/bone/wood. If you can find someone selling stacks at a time of the materials u need, it takes no time at all to whip up 20 cons sets. Use w/e char has the most skill points and access to the eotn cons traders. It is a short-lived career, however since you can only make as many as the number of skill points u have. But as you farm, of course you gain skill points, but w/e. I never sell for more than 7k ea so they sell quite quickly in ToA, and u can make quite a decent profit. If u can't get stacks quickly, it takes a bit more time, but never more than a couple of hours. Nice little cottage industry thanks to Ursan.

Sometimes I'll dabble a bit on tomes as well. The couple plat you make on flipping elite tomes adds up pretty quickly, especially for necro and monk elites.

If I farm an area a lot and get loads of the same type of gold, I won't bother trying to sell for market worth, I just unload them for what I know they will sell for quickly because I'm bound to get more of the same. Also, even though an item may "seem" like it should be worth more, i.e. q9 water magic 20/20, whatever..I don't bother trying to get more for it because if its an unpopular attribute req, I figure the market is too small to justify the time spent trying to sell it, thus it goes cheap or to the merch. I guess the point is like everyone has said, time is money.

I like the comments about the inventory management, too. Unless its an exceptionally nice/rare skin, I won't keep anything more than q9 in storage, and dyes go straight to trader, unless white/black. Mods are typically not worth storing either, unless 20/20, +30 shield handle, etc.

Reading the price check forums and general farming stuff on gwguru, its easy to get a feel for market prices and demand for certain items. So, if I'm in Kamadan for instance, and I see a sweet deal, I'll snap it up and resell for profit. Ethical? Yes, it's called capitalism.

These tips are not meant to net millions/day, but can definitely help the relatively new player earn the money needed for that 15k armor...

Just my opinion, but I hope it might help someone. Good luck to all.

Omega Precept · Apr 21, 2008, 10:47 PM // 22:47

Quote:

Originally Posted by gw_poster

Mods are typically not worth storing either, unless 20/20, +30 shield handle, etc.

On the contrary I find that keeping mods both perfect and near perfect such as +29 health are defiantly worth while. By simply offering the buyer an alternative I make 1k for a near perfect mod, while at the same time saving the buyer money.

I actually have a separate mule that I use just for selling mods. I can sit in kamadan for about an hour while I am catching up on work emails and make a good 7-15k on average just responding to the WTB posts.

With that said I really appreciate your short but sweet post gw_poster. It is informative and constructive unlike 2/3rds of the rest of the responses to this post.

I actually created a guide for new sellers recently would love you to critique it when you get some time, any advice would be helpful.

http://www.guildwarsguru.com/forum/s...php?t=10249543

I recommend my guide to anyone who is looking to create a consistent cash flow. Its not completed yet but will be soon.

Once I iron out the rough edges I plan on posting it in community works to let the sharks have their way with it!

Voodoo Rage · May 17, 2008, 07:47 PM // 19:47

I'm mostly a raptor farmer, so I accumulate tons of mods and sin tomes. I've found that mod selling is tough and that in the end, the profit I make after selling a chestful of mods does not net me what I would have made just farming for that hour. Lately I've been happy unloading large lots of mods for a cheap, quick sell (i.e. WTS 40x 15^50 and +5 Energy Inscriptions - 10k). Yeah, I could sell them for 1k each over time, but I can make 400-500 gold every 2 minutes farming, so I have to do the math. I merch all my golds otherwise (accept ele swords). I'll also now and then go to Sheng J. and give away a bunch of Claws of Broodmother green daggers to aspiring assassins for good karma (or I'll just throw in daggers with other trades...).

Don't forget to pop into Rata Sum to spam your higher end trades. A lot of farmers there are pretty well off financially and don't hang out in other cities that often.

masterjer1 · May 18, 2008, 12:16 AM // 00:16

The art of gaining riches lol. Has everybody forgotten about the simple form of IDENTIFYING ALL OF YOUR DROPS? Yes it is true. If you ID all of your common drops, you will make money because when you ID something, the value increases. Yes it is slower, but it more than makes up for the price of a 100g ID kit. At 100 gold, you are spending 4g per ID. The majority of the time, the id'ed object increases its worth from 4g to as much as 50g. 2 id'ed objects will most likely make up for the price of an ID kit. Do not buy a Superior ID kit as they aren't worth it. Always pick up your drops when out and about. It is worth something. This is nothing new or a big secret. But alot of ppl out there don't even realize this.

Phoenix Tears · May 20, 2008, 02:04 PM // 14:04

uhm, this is a good guid that shows HOW to trade (powertrade) to become rihc, but i would like to request now, that this guide should also tell people, regardless if you are now a newbie or more advanced in the game and still not rich WHAT Items you should buy and FOR HOW MUCH money you should/can buy these items + for how much you can sel these items then.

Such a guide, that will show you step by step the way from beign Poor to Rich.

Somethign like:

When you want to become one day rich, you have to come first with a start capital of say 100 Platin.

When you have so much money, then buy the item XXX for maximum YYY Gold/Piece (when it is ensured that there will be enough people which will sell the stuff for such a price)

When you've bought the item(s) for YYY money, then sell it/them for ZZZ Money, and you will make a profit of XYZ gold through that.

Do these kinds of trades now so long, until you have 500 Platin, then you can start buying the item XXXXX for maximum YYYYY gold ,sell them then for ZZZZZ gold and you will make a pfrofit of XYZYX through this.

You see, also a guide that will show you a bit of the market, what is in the moment good to buy and to sell, for those may people of us, that have no clue about the market prices and for which prices you can easily buy and sell stuff with making through it soem profit.

ok, this guide should go then up to the kings discipline of powertradign with huge amounts of gold/e whatever about minipets, but this discipline is naturally nothign for casual gamers or so that don't get the money through normal playing, so this guide should show, how you can work you up as powertrader, till you made through tradign enough money to rise up in the value of your items that you try to buy/sell to make profit and becoming rich through that.

Example: Would be nice to know for what prices people should try to buy tormented gems and for which prices they can be resold to make a profit or if it would be better to make first coffers/armbraces out of them and then selling these to raise your profit if it makes a difference that is worth it.

tmakinen · May 21, 2008, 07:27 AM // 07:27

Quote:

Originally Posted by Phoenix Tears

i would like to request now, that this guide should also tell people, regardless if you are now a newbie or more advanced in the game and still not rich WHAT Items you should buy and FOR HOW MUCH money you should/can buy these items + for how much you can sel these items then.

Uh-huh, that kind of information goes old faster than a carton of milk left open on a sunny windowsill.

Really, all of powertrading is knowing the exact price range and volume of trading of each item. The expected income rate is (P_max - P_min) * W where P_min and P_max are the lower and upper limits of item price and W is the rate at which you can make transactions (finding a seller and buyer). Thus, you might work at the low end and make 50 transactions per day, each at 1k profit, or at the middle market and make one transaction per day at 50k profit, or at the high end and make one transaction at 5M profit and call it a month.

Trading can be started from any price range and then steadily worked upwards as wealth accumulates. This has the added benefit of learning the trade on the way - when (not if) you make newbie mistakes they are not that severe if you are selling 5-10k items instead of plunging head first into the 100k+XXe market.

Lucia · Jun 01, 2008, 12:45 PM // 12:45

First off, I don't currently power trade but there was a brief period in which I did and I must say, that for me it indeed turned out to be one of the most efficient money making strategies the game offers.

I have but one piece of advice that may have been implicitly mentioned but I'd like to elaborate on it. The advice is (when selling):

Ask for a higher price (maybe 10% more) than you want to get.

The obvious reason of increasing your gain by 10% is actually far from the real reasons for doing this which are a bit less obvious:

1) If/when the buyer asks you to lower your price and you refuse his request (which you will if you are asking for exactly the amount you want to receive), he regards this as an ultimatum (my price or no deal) and nobody likes this. lowering the price a bit gives the buyer a good feeling (which was identified as a key point in trading in numerous posts throughout this thread)

2) Like it or not, bargaining (haggling) is a central point in trading. It is (surprisingly) healthy to do a little bit of it when trading items whose price isn't constant (like lockpicks). Think about it, if you are selling and the buyer takes you up on your first offer, you might feel a bit bad, since he may have been willing to pay more (increasing your profit) and you'll never know. This is why I believe that it is healthier trading practice for the buyer to place his bid and for the seller to place his offer and then to settle for something in between. It works the other way around too, if you are buying and the seller offers this rock-bottom price, you should still say you were thinking of something a bit lower; again, not just to increase your gain but to actually make the seller feel better that you didn't accept his initial offer. If you do accept his initial offer, he just might wonder for the next three days how much more you would have bought the item for...

xRustyx · Jul 13, 2008, 07:37 AM // 07:37

I was browsing through my old posts and I remembered I wrote this guide. I've been getting a couple PMs about it and what happened to the new editions. I wrote this a long time ago, and I was planning weekly/bi-weekly editions of it. Unfortunately I realized I didn't have time anymore to play Guild Wars, so I just left it up there. People have added their own tips and comments, which are all helpful, so definitely read all that. Thankyou by the way for everyone who contributed to the discussion. I don't really play Guild Wars anymore, so there's no point of me to write the guide as I don't know the current markets.

I do log on though a couple times a week

For those that know what I do with my wealth. Or did, since I already depleted all of it.

Anyway I hope it has helped you out. Another tip would be to sell cocaine in real life. And then buy Guild Wars gold with your profit since you're not going to do jackshit in jail anyway.