secrets to merchanting

Sinbleeder - Harshlands
Sinbleeder - Harshlands Posts: 2 Arc User
edited March 2010 in General Discussion
anyone wanna tell me? message me so others don't hear o.ob:thanks sorry if i sound stupid im noobish
Post edited by Sinbleeder - Harshlands on

Comments

  • Pressa - Heavens Tear
    Pressa - Heavens Tear Posts: 1,287 Arc User
    edited March 2010
    yxh%20(137).gif Sell high buy low everyone knows that.
    [SIGPIC][/SIGPIC]
  • ClericNico - Dreamweaver
    ClericNico - Dreamweaver Posts: 83 Arc User
    edited March 2010
    Yea, no real trick to it. Just be smart about it. A 2nd accnt and computer help a lot too. And patience and persistence
    Sometimes, when I'm bored, I blow myself up. b:victory

    [SIGPIC][/SIGPIC]

    ClericNico: 7x Cleric, Hate2Love Executor
    _Poe_: 7x Barbarian, Tormented Executor (Hate2Love Alt Faction)
    Durzo_Blint: 6x Blademaster, Tormented

    The cleric formerly known as the veno known as Sheeeba. b:chuckle
  • /Krue - Heavens Tear35
    /Krue - Heavens Tear35 Posts: 9 Arc User
    edited March 2010
    Protip!

    When there isn't a sale event going on, Buy every piece of gold you can!

    Wait till a sale happens...

    GOLD PRICE DOUBLES

    OMFG I JUST DOUBLED MY MONIES WTF
  • _DarkSeph_ - Sanctuary
    _DarkSeph_ - Sanctuary Posts: 2,294 Arc User
    edited March 2010
    Hmm, too many people merchant nowadays for it to be a truly effective method of making coin. When the coral packs came out last, I thought I'd try a little merchanting myself. I started with tokens, only to discover at least 50 catshops in arch were doing the same thing. It went down to a 200 coin difference in buying/selling price and no one even bought anyway. Making oracles was another method. But another 10 catshops always doing same and players have smartened up a bit lately anyway. Gold very rarely fluctuates much either. Usually between 350-430k low-high. It never doubles. And guessing on sales is pure chance.

    For some reason it's harder to sell things in a catshop in pw than any other mmo I've played. You can offer the cheapest price around and sit there for 6 hours and sell nothing quite easily.

    Best bet is to make an overnight shop and merchant with some sort of item that few other shops are.
  • _Inferno - Sanctuary
    _Inferno - Sanctuary Posts: 71 Arc User
    edited March 2010
    When the packs were out, i made MP food and sold them at 1000 coins each, which was the lowest on the server. Then just WC your wares and watch as people PM you asking you to save some for them. True, the profit per MP food is low, but after selling thousands of food per 10 mins, watch as you become rich =D

    But the packs are gone now =(
    Characters:
    _Inferno 101 Arcane Sage Crit Wizard b:cool
    magnumcroft 8x Fist/Axe Blademaster b:laugh

    youtube.com/magnumcroft
    ^Sanctuary's TW vids yo!
  • Miseri - Dreamweaver
    Miseri - Dreamweaver Posts: 100 Arc User
    edited March 2010
    First , specialize in something that your going to sell.
    most easy thing to spec in is either mats or herbs, herbs dont always sell well
    so you can also try to make apoth goods and market those,
    second, try to get a feel for the avg price of what your specializing in.
    find a good price range or if you feel like it undercut all your competition and sell lower then them, usually ppl are over priced anyway.
    Personally I use the AH ,
    if you sell herbs in the AH do so in bulk and at discount. it entices them to be bought

    i do mine in bundles of 10 or 20 sometiems more if i know its a highly used herb.
    other than that upgrade upgrade upgrade, if you can get lvl 4 mats , start selling lvl 4 mats, they are more rare and fetch a higher price.

    thats about all i can tell you, Im not doing amazing but im learning and I aim to be a fine merchant on my server. Good luck to you

    oh and buy low sell high like they said b:laugh
  • GasLeak - Dreamweaver
    GasLeak - Dreamweaver Posts: 18 Arc User
    edited March 2010
    No really secrets, but...

    1. Do the math
    2. Check competition
    3. Anticipate/Get a feeling for what might gain/lose price
    4. Do the math
  • ClericNico - Dreamweaver
    ClericNico - Dreamweaver Posts: 83 Arc User
    edited March 2010
    Oh, oh, oh.....has "Do the math" been mentioned?? b:chuckle
    Sometimes, when I'm bored, I blow myself up. b:victory

    [SIGPIC][/SIGPIC]

    ClericNico: 7x Cleric, Hate2Love Executor
    _Poe_: 7x Barbarian, Tormented Executor (Hate2Love Alt Faction)
    Durzo_Blint: 6x Blademaster, Tormented

    The cleric formerly known as the veno known as Sheeeba. b:chuckle
  • MoonUsagi - Heavens Tear
    MoonUsagi - Heavens Tear Posts: 4,377 Arc User
    edited March 2010
    Secrets of Merchanting : P.K.U.F

    Patience
    Know when to risk your wallet
    Use money to make money
    Find out what rich people want
    Don't make saving your money make you suffer & waste time when you can get more

    (about use money to make money, save some so you can do your usual things)
    [SIGPIC][/SIGPIC]
    Sorry i speak engrish b:chuckle
    Nickname doesn't have anything to do with sailor but related to a folklore
    Use search, it was your best friends to avoid many suffering in internet...
  • Miseri - Dreamweaver
    Miseri - Dreamweaver Posts: 100 Arc User
    edited March 2010
    OH **** did i not mention the 'do the math' part oh man thanks for saving me guys, totally slipped my mind.
  • GasLeak - Dreamweaver
    GasLeak - Dreamweaver Posts: 18 Arc User
    edited March 2010
    ClericNico - Dreamweaver wrote: »
    Oh, oh, oh.....has "Do the math" been mentioned?? b:chuckle
    OH **** did i not mention the 'do the math' part oh man thanks for saving me guys, totally slipped my mind.

    Ah, but you'd be surprised how many forget about properly crunching numbers....
    Most think merchanting is looking for obivously underpriced items and typos at sellers.
  • ClericNico - Dreamweaver
    ClericNico - Dreamweaver Posts: 83 Arc User
    edited March 2010
    Not to mention some people just suck at math lol.
    Sometimes, when I'm bored, I blow myself up. b:victory

    [SIGPIC][/SIGPIC]

    ClericNico: 7x Cleric, Hate2Love Executor
    _Poe_: 7x Barbarian, Tormented Executor (Hate2Love Alt Faction)
    Durzo_Blint: 6x Blademaster, Tormented

    The cleric formerly known as the veno known as Sheeeba. b:chuckle
  • Michael_Dark - Lost City
    Michael_Dark - Lost City Posts: 9,091 Arc User
    edited March 2010
    _DarkSeph_ - Sanctuary wrote: »
    Hmm, too many people merchant nowadays for it to be a truly effective method of making coin.

    There is no other real method to make money in this game. I used to farm HH for my runs. Mats still aren't selling. I don't expect prices or demand will recover any time soon. Grinding for coin is pointless due to gold prices. Your only other option is spending money and auctioning the gold off.
    I post in forums. This one and others. That's why I post.
  • RoidAbuse - Sanctuary
    RoidAbuse - Sanctuary Posts: 1,066 Arc User
    edited March 2010
    The only real way to make any decent amount of coins is through merchanting. No real secrets aside from doing some math and figuring out what's going to be in demand.
    [SIGPIC][/SIGPIC]
    Making "non-trash-talkers" show their true color. RAGE ON! b:laugh
  • Maestro - Raging Tide
    Maestro - Raging Tide Posts: 152 Arc User
    edited March 2010
    invest RL money to gain capital, buy high sell low after that ._.
  • Rawrgh - Raging Tide
    Rawrgh - Raging Tide Posts: 6,790 Arc User
    edited March 2010
    Pay attention to prices. Make sure you check the AH and every cat shop in west arch to ensure that you have a good chance of making money.


    Don't specialize in one thing, try to invest in as many areas as possible, if you lose money in one area then money you get from others should be more than enough to cover the losses.

    Realize that people are stupid, you can buy mats, turn them into wines and sell the wines at a price where it would be cheaper to buy mats from a cat shop 2 feet from you and make the wines, and yet people will STILL buy your wines. Buy 9 tokens and sell the 10 teles at a higher price than the tokens, watch as people still sell buy the teles.


    Only invest in molds/HH mats if you are sure your getting a great deal.

    Don't invest in any sort of "rare" item, PWE has a history of having "rare" items and then releasing them in the cash shop a week later.
    [SIGPIC][/SIGPIC]
    "My understanding of women only goes as far as the pleasure. When it comes to the pain, I'm like any other bloke - I don't want to know."
  • sparqy
    sparqy Posts: 2 Arc User
    edited March 2010
    By all means, if you have a 2nd computer available, use it to run the merchant 24/7. Consistency matters for building a customer base.

    Find a high traffic area, that isnt TOO crowded, and STICK TO IT, dont try different places constantly, but stick to the same place. Consistency matters for building a customer base.

    Defend your location from other fly by night catshops that set up shop next to you, and dont respect your shop. Sitting veno pets on them, or mount sitting on them can help deter competition.

    Don't sell 1 type of item 1 day, and another item the next day, and a 3rd type of item another day, try to sell something for at least a few days at a time. People may see you selling SOF on monday, and then go look for you on thursday, so just because it didnt sell in 1 day, don't give up right away.

    Watch from the eyes of the catshop occasionaly, get to know who shops regularly, and strike up conversations with your customers, it helps to cement the customer/merchant bond.

    Join a merchant guild, a well respected one will often allow you to get away with charging a little bit more for your items.

    Dont base your sell price on what you paid for the item in the first place. Base your sell price on your CURRENT cost to REPLACE the item, at any given time.
    IE. You have 100 mirage stones you paid 20k for, and were selling for 30k, before the market tanked. Now you can get them for 15k, and so you can sell for 20k. The 1st 100 you sell wont be at a "profit' relative to what you originally paid, but to sell them for 20k will allow you to replace them with 133 mirages @ 15k (this is your profit).

    Try to stock items that stack well, and sell in quantity. Volume is the name of the game...

    You have 12 slots, so if you fill it with 12 single items, or stacks of things up to 20-30 you have a limited amount you can sell while you are afk at work all day. But if you stock with items that stack well, Dragon Orbs, Arrows, SOF, herbs, etc.... you can hold more inventory in those same 12 slots.

    Put the single higher end items that dont stack, into AH, unless you have room left over on your merchant.

    USE all 12 slots, they're your shelfspace.

    World Chat, when you have just restocked, with whatever killer deal you are now offering.

    All this is just to make money, which is relatively easy... The hard part is to KEEP your money, and reinvest it, rather then spend it all on skills/gear/etc...

    If you want your merchant to be self sustainable, you must reinvest your profits, and grow your merchant capital.
  • LloydAsplund - Sanctuary
    LloydAsplund - Sanctuary Posts: 3,899 Arc User
    edited March 2010
    I advise you to purchase a bikini or a skimpy outfit of that type and act like a girl. Guaranteed to make 10 times more cash than merchanting with half the effort. The initial investment is totally worth it.

    - Know your goods and prices
    - Do some math, include taxes, auction fees, etc.
    - Will it be better to sell via cat shop, AH, spam world chat, etc?
    - Check the Auction House when you log on and right before you log off. I swear I made 1 million a week just by buying and reselling scarlet fruit via AH. Took 5 minutes a day.
    - Predict sales. Really, its not hard. You can read sales like a book.
    I was early taught to work as well as play,
    My life has been one long, happy holiday;
    Full of work and full of play-
    I dropped the worry on the way-
    And God was good to me everyday.
  • DeathBanana - Heavens Tear
    DeathBanana - Heavens Tear Posts: 2,674 Arc User
    edited March 2010
    The secret is to A) Figure it out yourself and B) Don't tell so that it's more effective.

    Seriously, just look around.
    [SIGPIC][/SIGPIC]

    9x Demon Cleric
  • RoidAbuse - Sanctuary
    RoidAbuse - Sanctuary Posts: 1,066 Arc User
    edited March 2010
    LloydAsplund - Sanctuary wrote: »
    I advise you to purchase a bikini or a skimpy outfit of that type and act like a girl. Guaranteed to make 10 times more cash than merchanting with half the effort. The initial investment is totally worth it.

    - Know your goods and prices
    - Do some math, include taxes, auction fees, etc.
    - Will it be better to sell via cat shop, AH, spam world chat, etc?
    - Check the Auction House when you log on and right before you log off. I swear I made 1 million a week just by buying and reselling scarlet fruit via AH. Took 5 minutes a day.
    - Predict sales. Really, its not hard. You can read sales like a book.

    Shhhh.. Don't give away our billion-coin making secrets!
    [SIGPIC][/SIGPIC]
    Making "non-trash-talkers" show their true color. RAGE ON! b:laugh
  • KohakuNushi - Lost City
    KohakuNushi - Lost City Posts: 56 Arc User
    edited March 2010
    us for real????
    [SIGPIC][/SIGPIC]
  • Divine_Death - Dreamweaver
    Divine_Death - Dreamweaver Posts: 1,491 Arc User
    edited March 2010
    First you want something with LOW competition so the key is to keep what you are doing a secret i.e. how to get something way below market price the sell at market price.

    Second, wait...
    [SIGPIC][/SIGPIC]

    "Closing this for excess letter Q's" - hawk
  • LloydAsplund - Sanctuary
    LloydAsplund - Sanctuary Posts: 3,899 Arc User
    edited March 2010
    RoidAbuse - Sanctuary wrote: »
    Shhhh.. Don't give away our billion-coin making secrets!

    Got bored of PWI again. Only TWs for another while (plus forums). Sharing is caring.
    I was early taught to work as well as play,
    My life has been one long, happy holiday;
    Full of work and full of play-
    I dropped the worry on the way-
    And God was good to me everyday.
  • VILKASS - Sanctuary
    VILKASS - Sanctuary Posts: 278 Arc User
    edited March 2010
    advise you to purchase a bikini or a skimpy outfit of that type and act like a girl. Guaranteed to make 10 times more cash than merchanting with half the effort

    It's funny but this is true... Not only does it sell better but I also get some nice discounts on my shop b:cute b:chuckle
    b:cute [SIGPIC]http://i119.photobucket.com/albums/o160/ChisaiUsagi/wewewe.jpg[/SIGPIC] b:cute

Categories