Consentus
Clan Forum => Guides => Outdated Guides => Topic started by: 1drkthought on August 13, 2016, 03:05:04
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First off i suggest having at least 10m to start but i have seen people start with nothing and do nothing but flip and have a billion cash stack in a couple weeks of flipping so its possible. I also suggest having a spreadsheet program of some kind if you don't have office then get open office for free here is a link: http://www.openoffice.org/ (http://www.openoffice.org/) to keep track of your flips and profit margins so you don't have to have pen and paper.....better for the environment also.
Ok so in the first coloum of your spreadsheet type in item that's the item that you are currently flipping or checking; in the 2nd coloum type in SELL; in the third coulom type in BUY; in the fourth coloum type in PROFIT MARGIN, in the profit margin coloum type in a formula b(number of the line)minus(-)c(number of the line) so it will display in the prift margin coloum the correct profit margin for each item you flip so you dont have to have a calculator all the time....its just a time saver.....work smarter not harder :)
Ok lets go through a flip with an item....lets do something simple and not a big margin but traded alot...lets do abyssal whip....so i go into my GE and put in an offer for 10% above mid to buy immediately....and it bought for 82076 (make sure to type numbers exactly) so we type that in our sell coloum cause that's what it was sold to us for and what its selling for. So we turn around and repost that item for 10% below so it immediatly sells and we can figure out our profit margin.....and it sold for 72000 so our profit margin is a whopping 9024 gp (not bad i guess if you just have a little bit of cash). thats not too hard is it pretty simple isnt it......yeah its really easy.....if you have any questions hit me up in game or post them here.
Thanks for reading my guide,
RickP
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Nice guide :)
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How do you figure out which items would be good to flip or not? Sorry, I'm completely unfamiliar with flipping.
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This is very clear, but still out of my league and patience xxx
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How do you figure out which items would be good to flip or not? Sorry, I'm completely unfamiliar with flipping.
Mid-high level armour/weapons for short term flipping, high level skilling resources for long term flipping.
There are better ways to flip, but this is a good starter for new merchants. :) Nice thread
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I might give this a try, but I've always preferred making money my own way like slayer and pvm. Great guide though :D
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How do you figure out which items would be good to flip or not? Sorry, I'm completely unfamiliar with flipping.
Depends on your cash stack really....if you have a low cash stack go with bigger markets like herbs and runes....if you have a bigger cash stack go with smaller markets like high end armors and weapons.
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To learn i'd recommend using the friendschats "flipchat1" you'll near in no time and you'll make gains
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To learn i'd recommend using the friendschats "flipchat1" you'll near in no time and you'll make gains
yeah i have used them once but they only flip the bigger more volitile items where you can only flip one or two at a time
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To learn i'd recommend using the friendschats "flipchat1" you'll near in no time and you'll make gains
yeah i have used them once but they only flip the bigger more volitile items where you can only flip one or two at a time
99% of the time you'll make profit on the items in the fc. Yes its 1/4 and 2/4 but do them while you do others and the items from fc1 will cover ur tests on items such as bgs ags etc etc
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Is flipping t90 gear safe?