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    • Merchanting (Need Help)

    Posts: 284 Arc User
    edited May 2010 in The Trading Post
    Hi, I'm trying to invest in getting sage revive. I would like to learn tips on how to do merchanting. I'm very eager to learn how you players been able to not spend any money on this game. I admit that I've spent 400 bucks in a year on this game. Can you please teach me to merchant? I shall be your apprentice. b:cryb:surrender
    Post edited by SaintDominic - Sanctuary on

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    • Posts: 2,056 Arc User
      edited May 2010
      Buy low sell high. Now go make me a cup of coffee.
      [SIGPIC][/SIGPIC]

      Thank you Forsakenx for the picture. b:thanks
    • Posts: 284 Arc User
      edited May 2010
      b:cute
      AlbireoTwo - Lost City wrote: »
      Buy low sell high. Now go make me a cup of coffee.

      Okay, but can you give me examples of goods that would sell smoothly?b:cute
    • Posts: 2,056 Arc User
      edited May 2010
      SaintDominic - Sanctuary wrote: »
      b:cute

      Okay, but can you give me examples of goods that would sell smoothly?b:cute
      Buy tokens and make teles/oracles with them. You can usually sell it for a profit.
      [SIGPIC][/SIGPIC]

      Thank you Forsakenx for the picture. b:thanks
    • Posts: 284 Arc User
      edited May 2010
      AlbireoTwo - Lost City wrote: »
      Buy tokens and make teles/oracles with them. You can usually sell it for a profit.

      Alright. Thank you so much b:thanks
    • Posts: 1,066 Arc User
      edited May 2010
      It's really profitable only if you're able to keep up with the competing prices. In order to make a lot of coins with tokens, you have to check what your competitors buy/sell prices are. I gave up on tokens because it's too much work. b:sad
      [SIGPIC][/SIGPIC]
      Making "non-trash-talkers" show their true color. RAGE ON! b:laugh
    • Posts: 3,008 Arc User
      edited May 2010
      AlbireoTwo - Lost City wrote: »
      Buy tokens and make teles/oracles with them. You can usually sell it for a profit.

      Sadly the profit margin will be very small, so you have to have same starting money to make it effective. I ran through the W. Arch and checked how much profit the sellers are making. Not much per tele, but if you can get plenty of tokens at first, you can make some money that way. Not to mention that if the token price drops, you can end up losing money.
      100% F2P player. Started PW: March 2007, Quit PW: March 2011.
      pwcalc.com/e7016929e7b204ae "Pure axe" 8k HP multipath BM, last one of my kind.
    • Posts: 2,803 Arc User
      edited May 2010
      RoidAbuse - Sanctuary wrote: »
      It's really profitable only if you're able to keep up with the competing prices. In order to make a lot of coins with tokens, you have to check what your competitors buy/sell prices are. I gave up on tokens because it's too much work. b:sad

      How is it too much work buying tokens?
      O.o
    • Posts: 1,066 Arc User
      edited May 2010
      MistaBwanden - Sanctuary wrote: »
      How is it too much work buying tokens?
      O.o

      Because you got to adjust your price very often to stay in competition. This is especially true near west banker where there are a good number of token buyers and sellers.

      It is good coin if you actually got the time for it. I recall putting in 50 mil and came out with 12k tokens in 2 weeks.
      [SIGPIC][/SIGPIC]
      Making "non-trash-talkers" show their true color. RAGE ON! b:laugh
    • Posts: 5,787 Arc User
      edited May 2010
      i bought out all the token sellers and attempted to resell at a higher price, because i figured since the packs were worth more, new sources of tokens should sell a bit higher. i was wrong. those people bought tokens from people for cheap and put them up for resale at the same price.

      but i was just like meh and made a bunch of demon books to sell b:chuckle

      books r nice but only if you get the right ones and have the patience to put them up in AH again and again and again. dont be afraid to put up a really good book for a high price because if someone's too cheap to buy it, he probably doesn't know how good it is, if someone wants it, he'll probably go the extra mil or 4 in getting it. don't go overboard tho...i saw a demon quickshot for 30m or something stupid and i was like "lol"
      Elena Costel: I wash my hands of this affair.
      Legerity: *drags you back* *stains your hands with said affair*
      Elena Costel: Noooo... I don't want to have a dirty affair with Lady Legerity...
      Qui: b:dirty
    • Posts: 1,686 Arc User
      edited May 2010
      Quilue - Sanctuary wrote: »
      i bought out all the token sellers and attempted to resell at a higher price, because i figured since the packs were worth more, new sources of tokens should sell a bit higher. i was wrong. those people bought tokens from people for cheap and put them up for resale at the same price.
      I admit that early on I tried buying out the competition and re-selling, and the results ranged from mediocre to abysmal failure. Contrary to what a lot of people think, trying to manipulate the market just isn't very profitable. There's a lot of risk and the rewards are, "meh..."

      Now I actually try to do the exact opposite. I try to get competitors to buy me out.

      If they do, then that's quick money for me and I go re-stock. Usually once a competitor has bought me out twice they realize they're throwing their money away and they give up. At that point they're overloaded with un-sold stock, while I'm loaded up with their money.

      On the other hand, I've also been a bit sneaky by getting into a bidding war with a competitor and hoping that they'll lower their prices too far, at which point I buy them out. This only works if there's no way for them to easily re-stock, such as with sale items that have gone off-sale. But the rule I always stick by is that I only buy if the price is actually a price I'm willing to pay. I've learned my lessons the hard way about buying somebody out just to eliminate competition.
      [SIGPIC][/SIGPIC]
      PWI Merchanting Guides: warrenwolfy.wordpress.com
    • Posts: 2,056 Arc User
      edited May 2010
      It does depend on how much money you have. Starting with 7 mil you could make a 1 mil profit with oracles each time you sell out. Wines are also good. If don't have a lot of cash, perfect stones are pretty good. The whole thing with merchanting is that you have to have a LOT of patience when you're starting out. The more money you have, the more you can get.
      [SIGPIC][/SIGPIC]

      Thank you Forsakenx for the picture. b:thanks
    • Posts: 1,066 Arc User
      edited May 2010
      I did a few times before. Went in a bidding war with a catshop over tokens. He was constantly undercutting my price by 1 coin. I got him to drop his price low enough for me to buy all his tokens out and then set up my catshop buying tokens at a few hundred coins higher than the price per I paid buying out his tokens. He then can either lose coins by buying at higher buy price or wait patiently for players to sell him tokens at his lower buy price. I usually end up selling off what I bought off my competitors before he's able to get his hands on a fresh sizable stock of tokens to resell. Some would just leave the spot but they eventually would come back smarter. heh..
      [SIGPIC][/SIGPIC]
      Making "non-trash-talkers" show their true color. RAGE ON! b:laugh
    • Posts: 10,466 Arc User
      edited May 2010
      well me began without this concept of monies.
      >.<'
      me still found it to be easy to make a small continual profit.
      darthpanda16: Firefox crashed on me. Aryannamage: I don't think I am a GM that would be new.
      Hawk:Do this. closing thread
      frankieraye: I'll see if we can replace the woman with a stick figure and the tiger fangs with marshmallows.//Issues like these need to get escalated quickly to minimize the damage.
      Kantorek: Yeah.. you should try it. It's awesome.
      Sihndra: Nope- not currently possible under any circumstances. Sorry.
      LokisDottir: I mean...not haunting the forums, nope nope..
      Konariraiden: You don't know what you are up against. You will lose.
      Waiting for...Hamster Packs!
      58% chance to get tokens
      41% chance to get an all class pet hamster....but they has already been freed by the magic hamster.
      1% chance to get ban hamstered with the message "Hamsters United!"
      [SIGPIC][/SIGPIC]
    • Posts: 436 Arc User
      edited May 2010
      U could use gold trading + packs. It just takes some time, invest most of ur money into gold while gold prices are low (= packs aren't in botique), sell gold when they are in botique again (which will defenitely happen) and set up a cat shop which buys several thousand tokens for 10-11k during packs are available and sells for 14-17k (dunno bout other servers prices..that's on RT). Keep them till they are gone and start selling a few days after that. It's about +40% coins every step (1. buy gold low - sell gold high, 2. buy tokens low - sell tokens high.
      Only problem is, u gotta keep the gold/tokens for 3+ weeks but in my opinion that's the most efficient way effort-profit-wise (or the laziest way..) and some times prices aren't rising/dropping as high/low as u want u gotta w8 several more weeks...but if u aren't too greedy that won't happen.
      I guess u can't even afford to be greedy cuz of other ppl who do this too, and there are enough ppl as far as I know b:surrender
      [SIGPIC][/SIGPIC]
    • Posts: 623 Arc User
      edited May 2010
      I'm sorry, but the whole problem with [This is how you can make money easily!] is this: the more people doing it, the harder it is for me, and the slimmer my profit. That's the give and take of merchanting. We all learned our breaks (or didn't); now it's your turn. Good luck b:victory

      Edit: FapFapFap sort of gave it away, maybe not the whole thing, but you have an idea. More merchanters = less profit to go around. So all you other buy/seller types better **** and gbtw
    • Posts: 10,466 Arc User
      edited May 2010
      me secret be that.....
      me harvest humans
      D:
      Selling Tojop's left arm for 20k coin(s)!
      b:shocked
      darthpanda16: Firefox crashed on me. Aryannamage: I don't think I am a GM that would be new.
      Hawk:Do this. closing thread
      frankieraye: I'll see if we can replace the woman with a stick figure and the tiger fangs with marshmallows.//Issues like these need to get escalated quickly to minimize the damage.
      Kantorek: Yeah.. you should try it. It's awesome.
      Sihndra: Nope- not currently possible under any circumstances. Sorry.
      LokisDottir: I mean...not haunting the forums, nope nope..
      Konariraiden: You don't know what you are up against. You will lose.
      Waiting for...Hamster Packs!
      58% chance to get tokens
      41% chance to get an all class pet hamster....but they has already been freed by the magic hamster.
      1% chance to get ban hamstered with the message "Hamsters United!"
      [SIGPIC][/SIGPIC]
    • Posts: 436 Arc User
      edited May 2010
      Tojop - Dreamweaver wrote: »

      Edit: FapFapFap sort of gave it away, maybe not the whole thing, but you have an idea. More merchanters = less profit to go around. So all you other buy/seller types better **** and gbtw

      That's only the easy to figure out - part, not the "epic ultimate secret ways of makin money" in pwi *plays mysterious music*
      [SIGPIC][/SIGPIC]
    • Posts: 5,787 Arc User
      edited May 2010
      the thing w/ pack selling is that, someone will always buy. you see people buying them in 1s or 10s, maybe they don't have enough coins for 45 gold but want to gamble, maybe they're just that lazy and don't want to deal with buying gold. there are probably 10 or so people selling packs scattered around Sanct's west arch, and let me tell you, every one of them are probably making money.

      buying when gold is low and selling packs (its like selling gold with no AH fees) when they come out is one aspect of it, but you can keep buying gold and selling packs even afterward for decent profit throughout the event.
      Elena Costel: I wash my hands of this affair.
      Legerity: *drags you back* *stains your hands with said affair*
      Elena Costel: Noooo... I don't want to have a dirty affair with Lady Legerity...
      Qui: b:dirty
    • Posts: 4,943 Arc User
      edited May 2010
      My (one of WarrenWolfy's) way is pretty epic. 18 mil to 60 in a few weeks =o. Can't share it tho b:quiet
    • Posts: 436 Arc User
      edited May 2010
      Okeano - Harshlands wrote: »
      My (one of WarrenWolfy's) way is pretty epic. 18 mil to 60 in a few weeks =o. Can't share it tho b:quiet

      So what's the purpose of mentioning it then? It's great that u made that much money but it won't help the OP in any way xD
      If u are rich u can also kinda play with/control the gold prices and use that for ur advantage, but that needs a real high amount of coins to work out and is a bit risky.
      Never tried it by myself but u can just stay in front of gold ah and watch ppl doing it.
      [SIGPIC][/SIGPIC]
    • Posts: 4,125 Arc User
      edited May 2010
      Well, you could, uh..

      Ok - catshops of dreamweaver archosaur? I'm sorry.
      I crashed the wine market. (You were all charging 160k, and I undercut you, and I undercut you and I undercut you and, yes, ok, I can't make wines that cheap any more.)

      I crashed the token market. (you were buying for 9k and selling at 14k+ I bought at 11k and sold at 11.5k Now you're all doing that too)

      Sorry.


      I'm not very good at merchanting :) I think I'll go farm hay. I know how to do that.

      (Edit: I don't have the starting capital for the best method I know of - but as a hint - look at the discount you get when you buy 50 tiger packs in one go...)

      Edit2: Actually... wines aren't that good a market anyway (which is how I managed to get into it in the first place) - you can only hold a few wines in your catshop. I'm really not sure what I can move onto in volume. I've been picking up cheap scarlet fruit and putting them in the auction house at slightly-cheaper-than-that-other-guy prices, they always sell (since they're consumed) - but that is ALSO a low-volume market.

      Gems, similarly - those are both low profit and low volume (profit used to be better, but seems everyone and their dog are selling citrines now) - and perfect grade and above must be coming out of rebirth/frost for those low low prices.

      What I really ought to do, I guess, is try fashion or dies. But the risk there is huge, and my working capital is still relatively small.

      Maybe I'll just wait for gold prices to go down and speculate that way. (When a new token pack comes out, you double your money in one quick maintainance)
    • Posts: 3,008 Arc User
      edited May 2010
      Vitenka - Dreamweaver wrote: »
      I crashed the wine market. (You were all charging 160k, and I undercut you, and I undercut you and I undercut you and, yes, ok, I can't make wines that cheap any more.)

      I did that too on Sanct. It was fun b:chuckle
      100% F2P player. Started PW: March 2007, Quit PW: March 2011.
      pwcalc.com/e7016929e7b204ae "Pure axe" 8k HP multipath BM, last one of my kind.
    • Posts: 629 Arc User
      edited May 2010
      I just got my revive skill. I refused to pay the price to buy the book out right so with 7mil on hand i bought and sold cleric books until it poped. Took me about 12 tries but i now have 6 books learned (including metal mastery, IH and revive) and still have that 7mil in the bank

      what made it even sweeter was i opened a book at random on the day i hit lvl 100 and it was the revive skill I had been working for b:victory

      edit: for this to work you have to be willing to sell the other books, I sold IH twice before revive come out but it gave me a larger fund to work with
      [SIGPIC][/SIGPIC]
    • Posts: 4,943 Arc User
      edited May 2010
      Vitenka - Dreamweaver wrote: »
      Well, you could, uh..

      Ok - catshops of dreamweaver archosaur? I'm sorry.
      I crashed the wine market. (You were all charging 160k, and I undercut you, and I undercut you and I undercut you and, yes, ok, I can't make wines that cheap any more.)

      No worries? If I still cared about making money on DW, I can sell 120k wines at a profit. b:bye
      Wines use to be good, but the market's too flooded now and the profit margin is small. But if your initial fund is low, it's a place to start.
    • Posts: 4,125 Arc User
      edited May 2010
      Okeano - Harshlands wrote: »
      No worries? If I still cared about making money on DW, I can sell 120k wines at a profit. b:bye

      Not yesterday, you couldn't - the price went down to 90k.

      It'll recover a bit, and I'll be back selling wine again when it does b:bye
    • Posts: 3,008 Arc User
      edited May 2010
      I can tell you that tele selling isn't all that profitable: you need to have plenty of money and you can't really get over 1k profit per tele. Flawless gem selling on the other hand...
      100% F2P player. Started PW: March 2007, Quit PW: March 2011.
      pwcalc.com/e7016929e7b204ae "Pure axe" 8k HP multipath BM, last one of my kind.

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