Runescape,Runescape Gold,Runescape Money,Buy Runescape Money

MERCHANTING GUIDE BEFORE GETTING STARTED:
Before you can make money you have to gain an understanding of what you
are buying and selling. You need to know the current market value (which,
by the way, is always changing for some items) and you need to know how
long it will take to find a buyer at your asking price. As in real life markets, it
is all about supply and demand. What is the demand for this item? What
price does the item usually sell for? How much (or rather how little!) can the
item be bought for? The most useful and reliable resource for this
information are the forums. Reading forums will keep you up to date with
market trends and you will also be able to pick up good deals. I will cover
this in more depth later on.
You also need to get a decent amount of GP (money) to begin your
merchanting career. There is no set amount but try to start off with as much
as possible. I would recommend that you aim to have about £50K in hand to
be successful quickly. If you do not have much cash, sell your stuff! Sell
anything – armor, weapons or absolutely anything else that you have in your
bank account. If you are really serious about making money, you will not
need any weapons, armor, or other items that you might have in your bank.
If, after selling your stuff, you still do not have enough money to get started
then go to the last section, OTHER WAYS TO MAKE MONEY for a few ideas
that will get you going.
Once you have a decent cash account and have familiarized yourself with
the items you intend on merchanting you are ready to get started.
GETTING STARTED:
If you are not a member, then I would suggest that you consider becoming
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one. Having membership will open up many more merchanting capabilities
because of the use of the Runescape forums, along with richer players on
members servers, and more items that you can buy and sell for huge profits.
That said, it is not essential to be a member to make decent money. There
are many players who have been successful at merchanting without being a
member. I am just saying that it is easier if you are a member. This guide is
intended to help both members and non members.
Forums are an excellent place to find good deals – but you do have to be
quick. You must check the forums constantly if you want to snap up
bargains. All successful merchants use the forums and they will be just as
quick as you in trying to close in on the deal that could make big money.
Ideal Mechanting Areas:
One of the best merchanting areas is behind Varrock West Bank. I have
found that this is the best place for selling high priced items like party hats
and other rare items. This is because a lot of free to play people (f2p) really
don’t know the value of some items and you can either buy something at
below market value or sell something for an above average price, making
yourself a tidy profit in the process.
If you are a member then you have another great place to buy and sell – in
front of the East Falador Bank on either World 2 or World 16. It is full of
buyers and sellers 24 hours a day. The World depends on what time of day it
is – World 2 is best from about 4 PM to 4 AM EST and World 16 is best for
the rest of the time, 4AM to 4PM EST. The reason for this difference is
because European and USA players play at different times of day. This is the
best place to sell items that you have in bulk such as ores, bars, arrows, fish,
bones, etc. These items are usually sold in bulk quantities to wealthy players
who will pay the market price for the items in cash. This is also an excellent
place to sell party hats.
BUYING CHEAP:
You can’t make money unless you can buy low and sell high so you must be
able to get the seller to give you a good deal. When trading, it is important
that you are able to work out what kind of a seller you are dealing with so
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that you can negotiate effectively.
There are 3 basic types of sellers:
1. The ones who don’t know the value of an item. These are sometimes
my favorite because you can get a great deal on an item or (better still) can
get bulk quantities of an item really cheap. And after you have completed
the trade, you are both happy! The seller feels like he got a good deal
because he has cash in his pocket and you know you got a good deal
because you know that you can markup the goods considerably. Everyone is
happy and you make money!
2. Desperate sellers. These sellers are great because they are willing to
negotiate the price of an item because they need cash immediatley. As in
real life markets, you can take advantage of ‘desperate’ sellers and get great
deals in the process. If someone looks to be in a hurry to sell items, always
negotiate with them. They will often take less than what they are asking for
(and will sometimes take considerably less!).
3. Repeat sellers. These are also great sellers because they will continue
to bring you an item in bulk over and over again. This can make you rich
quickly and you don’t have to do much work at all. If someone is a repeat
seller, it will be in your best interests to build up a good relationship with
them. Pay them enough so that while you are able to make a decent profit,
that they will come back to you to sell their items again. Doing this can
create a network of sellers because they will soon tell their friends about
you. With ‘repeat sellers’ you can soon be making huge profits without even
spending time looking for the good deals – the deals will find you!
With all sellers, there are ways to get the price you are looking to pay most
of the time. It is all about negotiating. Sometimes there are a few stubborn
sellers who know what the market value is and will not sell for less. This is
not usually the case. If you can avoid it, don’t make an offer at first. If the
seller insists that you make an offer, then work it out by taking what you
know you can sell it for and subtracting at least 40%. The seller might
accept the deal or might counter offer you. Try if possible to make at least a
25% profit on all trades. A lot of the time you will make over 100% or even
250% of the price that you paid for the item. Some of the time you will only
make 5%. If it is an item you know moves quickly, then go ahead and buy it
for a smaller profit. It might be only 50K profit but it can still be a quick
50K!
NEGOTIATING TIP: Always try to negotiate the price, and if the seller
refuses, walk away a short distance and wait. A lot of the time they are
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trying to push you into paying what they want and when you show you are
no longer interested they will come running over to you to sell at the price
you suggested. Don’t come across as too keen when negotiating – if you
seem desperate, they will push their prices up!
Also I can’t say this enough, USE THE FORUMS. They are the most useful
tool available to a seller in my opinion.