Merchanting in Runescape is basically buying an item at a lower price, and selling it at a higher price. If you only have a tiny bit of money to start off with (a million or two), you won't make much money. However, with 10m+, you should be able to make quite a bit of money, depending on what you merchant.
There are two basic kinds of merchanting in Runscape:
1. Long-term merchanting
2. Flipping (Short-term merchanting)
Long-term Merchanting
When you are trying to merchant something using the first method, you want to buy an item that is rising, or that you think will rise, keep it for a while, and sell it for quite a lot more than you bought it for. Item prices change all the time, and you don't really know what you should buy, but this is my advice:
Jagex ALWAYS has updates in the game, if they announce that they're going to change something, and you know that the price of the item will increase as a result, but as many of that item as you can, because it's a guaranteed profit.
A recent example of this would be the Ring of Wealth update, which made the RoW a much more valuable item, since the update increased the drops gained while wearing one of these.
Here's the chart:
Chart Location
As you can see, the update greatly increased the price of this item. If you bought them at the end of February, and sold them at the end of march, you just made 4.1x your money you invested.
If you only bought 100 for 1m, you only make 3.1m profit. But if you buy 10000 for 100m, you make 310m profit. See how it is? The more money you have, the more you earn.
I personally find that, for this, rarer armour that changes price constantly, as well as items (like the RoW) that change prices from updates work the best.
Flipping
Flipping, otherwise known as short-term/quick merching, is when you buy a lot of an item, and normally sell it back within the day, or the 4 hour limit.
To find good items to flip, look here:
http://itemdb-rs.runescape.com/top100.ws?list=0&scale=0
This is a list of all of the most frequently-traded items. Since the most people trade these, there's a much higher chance that the supply=demand, which means that there's a much higher chance that all of these items are extremely stable.
You don't want to be dealing with items that constantly change by a lot, all the time, unless you know that it's going up. You want to just buy a stable item a tiny bit above medium price, and sell it for a tiny bit above medium price.
An example would be buying 25000 coal at 265gp each, then selling it 4 hours later for 285gp each. 20gp times 25000=500k, so that would be 500k profit with no work whatsoever, and that's an extremely reasonable example.
(FLIPPING) How to figure out the buy/sell prices of items
When flipping, you want to make sure that you get the best deal possible, since a few gp can make a difference.
For example, buying that coal for 270gp each (because you didn't know that it sold at 265gp), and selling it for 280gp (because you didn't know people would buy it at 285gp), would mean that you just lost half of the profit you could have made, and you're only making 250k now.
To make sure that you get the best prices, do this (I'll be using that coal as an example):
1. Go into the GE, find the item.
2. Put in an offer for a good amount more than medium.
3. Once the one item buys (it will buy for less than your offer), subtract the GP from your offer, and that's the max selling price (or you could just look at how much you bought it for).
4. Now, try buying one for less than the medium. If your offer doesn't get completed in 10 seconds or so, put it back in at 5gp or so higher. If you still can't buy it, put it in for 10gp higher. If the offer gets completed instantly, or if you instantly buy one for less than your offer, put it in for a bit lower, because that means people are selling lower than that.
5. Keep testing (do steps 1-4 a couple times) to make sure the prices don't change on you (they usually don't, the items are fairly stable, but I do this just in case).
6. Once you're sure that you have the right prices, buy a ton of them for the lowest that you can buy for (they should get sold to you fairly quickly), then sell for the highest that you could buy for (or a couple gp lower, just so you get priority over the other sellers).
7. You should now be successfully flipping. =)
How to Exploit Panic Sellers
When an item starts going down, there's always those people that freak out, and go to the GE, selling the item for much lower than the GE price is. You can usually talk them into selling at a REALLY low price, and it becomes a great profit for you. :thumbsup:
For example, let's say that claws were 21.8m one day. The next day, they drop 350k, and then they drop 600k the day after. Now they're at 20.85m.
People will be freaking out, selling them at the GE for 20m or so. Talk them into selling at 19.3m or so (because "they're crashing, you should sell them now for less than that, here, no one else is buying, I'll take them off your hands for ____") then wait a few days for them to go back up to 21m or so, where they usually stabilize. It's better if you can buy a few pairs, but it's still a pretty good profit nonetheless.
So you just made 1.7m doing nothing, for each pair you buy.
Extra Tip
Some items sell for more than others, if you REALLY want to sell for a good amount, go onto the Runescape forums and try to find buyers. Some items that may be worth medium to you may be worth a lot to someone else.
For example, I have been buying frost dragon bones at 20400-20500gp each, and selling them on the forums to rich high-levelled members who want 99 prayer ASAP, and already bought their limit of bones, but want more.
They usually buy for 22k+ each, which is a hell of a lot of profit for me if you add it up, and if I keep consistently doing it.
Some of them even offer more than I want them to pay for it, just so that no one else offers to pay more first, and takes the bones that they want.
Also, there's a few people with weird fetishes on the forums. =/
This one guy on the forum is paying 120gp each for all Stronghold notes, because he says that he feels special if he has the most of a particular item. Whatever you want, I guess.... :huh:
They're only 8gp in the GE, so yeah. =P
Well, that's about it. I hope you liked it. =)
Let me know if there's anything I'm missing, or if there's any spelling mistakes.
There are two basic kinds of merchanting in Runscape:
1. Long-term merchanting
2. Flipping (Short-term merchanting)
Long-term Merchanting
When you are trying to merchant something using the first method, you want to buy an item that is rising, or that you think will rise, keep it for a while, and sell it for quite a lot more than you bought it for. Item prices change all the time, and you don't really know what you should buy, but this is my advice:
Jagex ALWAYS has updates in the game, if they announce that they're going to change something, and you know that the price of the item will increase as a result, but as many of that item as you can, because it's a guaranteed profit.
A recent example of this would be the Ring of Wealth update, which made the RoW a much more valuable item, since the update increased the drops gained while wearing one of these.
Here's the chart:
Chart Location
As you can see, the update greatly increased the price of this item. If you bought them at the end of February, and sold them at the end of march, you just made 4.1x your money you invested.
If you only bought 100 for 1m, you only make 3.1m profit. But if you buy 10000 for 100m, you make 310m profit. See how it is? The more money you have, the more you earn.
I personally find that, for this, rarer armour that changes price constantly, as well as items (like the RoW) that change prices from updates work the best.
Flipping
Flipping, otherwise known as short-term/quick merching, is when you buy a lot of an item, and normally sell it back within the day, or the 4 hour limit.
To find good items to flip, look here:
http://itemdb-rs.runescape.com/top100.ws?list=0&scale=0
This is a list of all of the most frequently-traded items. Since the most people trade these, there's a much higher chance that the supply=demand, which means that there's a much higher chance that all of these items are extremely stable.
You don't want to be dealing with items that constantly change by a lot, all the time, unless you know that it's going up. You want to just buy a stable item a tiny bit above medium price, and sell it for a tiny bit above medium price.
An example would be buying 25000 coal at 265gp each, then selling it 4 hours later for 285gp each. 20gp times 25000=500k, so that would be 500k profit with no work whatsoever, and that's an extremely reasonable example.
(FLIPPING) How to figure out the buy/sell prices of items
When flipping, you want to make sure that you get the best deal possible, since a few gp can make a difference.
For example, buying that coal for 270gp each (because you didn't know that it sold at 265gp), and selling it for 280gp (because you didn't know people would buy it at 285gp), would mean that you just lost half of the profit you could have made, and you're only making 250k now.
To make sure that you get the best prices, do this (I'll be using that coal as an example):
1. Go into the GE, find the item.
2. Put in an offer for a good amount more than medium.
3. Once the one item buys (it will buy for less than your offer), subtract the GP from your offer, and that's the max selling price (or you could just look at how much you bought it for).
4. Now, try buying one for less than the medium. If your offer doesn't get completed in 10 seconds or so, put it back in at 5gp or so higher. If you still can't buy it, put it in for 10gp higher. If the offer gets completed instantly, or if you instantly buy one for less than your offer, put it in for a bit lower, because that means people are selling lower than that.
5. Keep testing (do steps 1-4 a couple times) to make sure the prices don't change on you (they usually don't, the items are fairly stable, but I do this just in case).
6. Once you're sure that you have the right prices, buy a ton of them for the lowest that you can buy for (they should get sold to you fairly quickly), then sell for the highest that you could buy for (or a couple gp lower, just so you get priority over the other sellers).
7. You should now be successfully flipping. =)
How to Exploit Panic Sellers
When an item starts going down, there's always those people that freak out, and go to the GE, selling the item for much lower than the GE price is. You can usually talk them into selling at a REALLY low price, and it becomes a great profit for you. :thumbsup:
For example, let's say that claws were 21.8m one day. The next day, they drop 350k, and then they drop 600k the day after. Now they're at 20.85m.
People will be freaking out, selling them at the GE for 20m or so. Talk them into selling at 19.3m or so (because "they're crashing, you should sell them now for less than that, here, no one else is buying, I'll take them off your hands for ____") then wait a few days for them to go back up to 21m or so, where they usually stabilize. It's better if you can buy a few pairs, but it's still a pretty good profit nonetheless.
So you just made 1.7m doing nothing, for each pair you buy.
Extra Tip
Some items sell for more than others, if you REALLY want to sell for a good amount, go onto the Runescape forums and try to find buyers. Some items that may be worth medium to you may be worth a lot to someone else.
For example, I have been buying frost dragon bones at 20400-20500gp each, and selling them on the forums to rich high-levelled members who want 99 prayer ASAP, and already bought their limit of bones, but want more.
They usually buy for 22k+ each, which is a hell of a lot of profit for me if you add it up, and if I keep consistently doing it.
Some of them even offer more than I want them to pay for it, just so that no one else offers to pay more first, and takes the bones that they want.
Also, there's a few people with weird fetishes on the forums. =/
This one guy on the forum is paying 120gp each for all Stronghold notes, because he says that he feels special if he has the most of a particular item. Whatever you want, I guess.... :huh:
They're only 8gp in the GE, so yeah. =P
Well, that's about it. I hope you liked it. =)
Let me know if there's anything I'm missing, or if there's any spelling mistakes.
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