merchanting

jbjet123

hey,

I'm asking my self how to make money...
people telling they farmed their r9 from merchanting

do dragon orbs 1* selling / buying well?

what should i start with as a merchant, tokens? p.stones?
i have 5m on me


help please. b:victory

WannaBM - Archosaur

There are different merchant ways for different budgets.

First you start with your baby steps. You have little investment money. You dont need a huge market, but a nice % profit is nice now. So you start by making profit by standing on the right place and selling overpriced products to people who are too lazy to look at different places for example. Like apoth and pstones near de portalstones in archo. You can get 50% profit here pretty easilly.

When you have some more money, you may want to try the bigger markets with smaller margins. Tokens, pstones, mirages, cannies/raps, whatever is on sale (buy gold, get products on sale, sell for coin, buy gold again etc). These products usually have like 5% margins or less and markets are very competetive, but you can turn around all your money each day if you do good. You need to keep comparing your prices with the competition continuously and each time make the choise if you keep beating your oponents prices or choose to let him sell out so that you can go for a bigger margin after hes gone. The one who keeps doing this best will beat the competition.

When you get a real lot of money, you are going to do longer term investments. You buy gold when theres no good sales and gold is not too expensive, then you buy sale products from the boutique and sell them a month later when they are no longer on sale. Youll probably aim for something like 20% profit here.

Dont ask what works well and think you can get away with working only 1 market. Markets move, competition moves. You need to keep looking around. Try different things and see what works at this precise moment and understand that next week it may be different. Merchanting is not like botting in that you set it up and money just keeps comming in. You need to be dedicated and always keep working on it.

Thats it in a nutshell. You can read much more about it, but what you really need is:
-experience, that will of course just take time
-a little brains because experience without brains doesnt help
-dedication to keep an eye on markets and competition all the time
-a little balls to make investments even if you may not be totally sure how well its going to turn out

And by far the most important thing you need is:
-Discipline to not spend your money but keep adding to your merchant budget.

ToyMaker_NOT - Raging Tide

Bought and sold d.orbs +1 to +6
Bought and sold 10-chip packs.
Bought and sold Rap and Uncanny.
Bought DQ 41-61 and sold the DQ rewards.

9 months later I have full R9 armor (still need weapon & belt) all without spend ANY cash.

Tips:
#1 Whatever you choose to buy and sell make sure its something that it is something needed for endgame gear. There are plenty of player too lazy to farm their gear and will buy from shops.

#2 Patience - It will take time to make 1.6 billion coins.

#3 Track your costs - You need to know exactly how much unit of your product cost in order to price for profit. I kept a spreadsheet on my d. orbs since I was buying them between 85k and 100k each and needed to know the overall cost for each +1 orb.

#4 Don't get too greedy - To be sucessful you need to find that balance between buying and selling your product. So, don't price too low or too high. Adjust your prices as needed - Remember the idea is to have you catshop running 24/7 so you may need to adjust you prices to insure you have orbs coming and going in and out of your shop.

#5 Don't watch - Once you have that balance, there is no need to watch your shop. At most you can log on once per day to update your suppies. If you are always watching your shop you will get discouraged and quit.

#6 Don't spend all your assets for endgame mats. If your worth 30 million and spend 25 million on a MoG that leave you on 5 million to work with not good. Set a minimum threashhold of how much in have and don't go below that. If its 40 million, then you need to be at 65 million before you buy a MoG @25 million.

Best practice is to set a target profit percentage say between 5-8% since you are just starting out. So if D.Orb is your product and they are selling at 150k each you would need to buy them between 138k to 143k to make a 5-8% profit.

Also, set a maximum amount your are will in to spend to restock you store. At the time for me I would not spend more than 100K for a +1 D.Orb that is because when Orbs went on sale in the boutique the price dropped to 105k and I could still make 5% profit