FLIPPINGFlipping! Where to begin? :huh: I’ll just start by listing a few facts that I think are important.
- Flipping is fast. Fast as in your flips should be quick. (Unless it is over night. I’ll talk about that later)
- Just about any item is flippable.
- The more money you have to start the easier things will be.
- You’ll never loose money flipping if you do it right. (It’s easy!)
- Commonly traded items are best. (Bandos, Godswords, runes, hides, weapons etc...)
- Prices are NEVER set in stone. They will always change. Even in hours.
- Don’t look at the GE graphs... You can flip an item ‘crashing’ or ‘peaking’ In fact, sometimes it’s easier. (only look to see if the item is going up or down in price)
IMPORTANTItems in the Grand Exchange have limits. This means you can only get a certain amount of an item before the GE cuts you off. This is until you re-sell these items back. :p (or wait 4 hours) For example limit on cooked food is 10k. This means I could buy 10k shark every 4 hours. So make sure you have more items to flip!
Here are a few limits you should know before flipping these items!Raw fish - 20,000
Food - 10,000
Runes - 20,000
Cannonballs - 10,000
Armor - 10
Weapons - 10
TeleTabs - 1,000 (these used to be 10k)
Amulets - 5,000
Ores - 25,000
Bars - 10,000
Potions - 1,000
Dragon Bones - 10,000
Ashes - 5,000
Quick Flips Quick flips is the heart of flipping. I’m able to make 10-20m a day (easily) by sitting in the GE for a few hours. Quick flipping is safe in that you won’t lose money and is relatively easy; especially after gaining some experience.
Quick Flips Example I’m going to start off with a easy example (Blood rune) so you can kind of see my method of how I find a buying/selling price of an item. The first thing I need to accomplish is to find what the ‘instant’ buy price is. This can be done however you like. If the item is going down, I’ll generally put in on offer for med and get it. If it’s going up i’ll hit the >5% button until I get the item instantly. After getting this ‘instant’ buy price we will now be able to find our selling price which is LESS then the instant buy price. The instant buy price is generally that noob who puts it in over the market price hoping it’ll sell. So this instant price is the peak(top) of the buying/selling range.
Back to my blood rune. I need to find an instant price so i’ll put in an offer for med which is currently 439gp.
As you can see it instantly bought for 434gp. This is our instant price and our selling price will be slightly under this. Because blood runes are so cheap I’ll make the selling price just slightly under at 432gp.
So now that we have our selling price we need to determine a buying price. As I said above blood runes are cheap so my buy/sell margin won’t be big. I’ll use a buying price of 424gp for this example. That is a 8gp profit per rune.
So there we have it. 10k runes at 424gp. It took around 45 seconds to buy.
Now to sell...
10 seconds later, 80k profit. It’s that simple. Now if you wanted to you could use all 6 of your slots; bloods, laws, nats, astrals, deaths, comics and be making profit on them all at once. Trust me... It adds up.
Hopefully you get the concept. Any Item in the game will be flippable like this and the more it is traded through the GE the better it will be. Here are some of the items that have ‘always’ been successful for me.
Bandos Platebody, Bandos Tassets, Bandos Godsword, Armadyl Godsword, Saradomin Godsword, Armadyl Platebody, Armadyl Platelegs, Mage books, Master wands, Dragonfire Shield, Dragon Claws, Infernal ashes, Glories, Cannonballs...
Some Quick Flip tips:
- Pick an item or two that works for you and stick to it.
- Use all your slots... Why not?
- Don’t use even amounts. i.e 13,999 not 14,000 or 10,149,000 not 10,150,000
- Double check your offer before you click buy/sell. I can’t tell you how many times i’ve sold an item for 10m less because I forgot a 0. (it doesn't sell for 10m less, but you lose a considerable amount)
Overnight FlipsI’m not going to go into as much detail for these as they are a bit risky and I don’t recommend it. The basic concept of overnight flips is to stock up on an item that is raising before you go to bed in hopes that the GE will update and in turn boost the price of the item up. This is mainly done with more expensive items as it allows for a bigger increase of price. You could do it with cheeper items but you’ll find the profit isn’t nearly as good.
Lets take item X for example. Item X is 15,200,000gp in the GE and has been rising for 3 days straight. You decide to buy 10 of this item. Overnight item X raises 225,000gp. In the morning you sell item X for 15,425,000. (buy price + raised price) This generally works however you run the risk of the item crashing on your overnight or even leveling out before you are able to sell.
This method allows for the chance of a lot of profit but the risk is extremely high.
What to Flip?Now that you have the basic understanding of how to flip you may want to know what you should flip. The answer is really dependent on your total wealth. Like I said earlier, the more you have the easier things will be. You’ll be able to flip more expensive items and also be able to take advantage of all 6 slots. Below I’ll give a range of wealth and what I think you should flip with that amount.
1m-10m
Runes (preferably blood, astral, deaths, or laws)
Cannonballs
Infernal ashes
Dragon bones
Tele tabs (house seem to work best)1
Glories (charged and uncharged, they are separate items)10m-50mWhips
Barrows equipment (AH top, AH bottom, or dharok’s)
Broken barrows equipment
Mage books
Master wands
50m-100m
BGS’s
ZGS’s
Furies
Armadyl (skirt and plate)
100m-500m
SGS’s
AGS’s
Dragon Claws
Bandos (plate and tassets)
DFS’sGet a feel for buy/sell prices dependent on the price of the item. Here is a loose guideline you can follow.
Item price ---> buy/sell difference
0 - 1,000gp ---> 10 - 30gp
1,000 - 10,000gp ---> 50 - 100gp
10,000 - 100,000gp ---> 500 - 5,000gp
100,000 - 1,000,000gp ---> 5,000 - 25,000gp
1,000,000 - 10,000,000 ---> 25,000 - 50,000gp
10,000,000+gp ---> 50,000- ?gp (I don’t tend to go over 50k)Please let me know if something doesn't make sense or if you have any questions.
Goodluck Here is a helpful video to show all forms of Flipping and Merching
Video has been added by: Angel Imy. So credits to her for the Video COMPLETE Runescape Grand Exchange Merchanting Guide 2012 - Flipping Investing +More Contents of this video
00:00 Introduction
02:12 What is merchanting?
03:12 Some new terms
**FLIP MERCHANTING**
04:42 3 Types of Items to flip (With Examples)
08:41 Another great way to find items to flip
09:52 Flipping Skilling Supplies Demonstration
16:00 Skilling supplies Sold/ Profit made
17:18 Flipping Armour/Weapons Demonstration
24:40 Armour/weapons Sold/ Profit made
25:42 What is a Niche Market? + Finding your own + One Example
28:35 Alternative finding of prices for Niche Markets
30:03 Niche Market Warning
30:28 Overview Of Flipping - My Evaluation
**INVESTING**
31:55 What are Investments? Difference between Flipping & Investing
32:57 How to find Investable items - Future Updates & Behind The Scenes
36:27 Another more risky way to find investable items - GE Database
38:20 An example of an 'Accidental' investment I've done - Herblore Supplies
39:50 When to sell your Investments
41:45 Flipping your investment to maximise profit - Santa Hat example
43:38 Investments Overview
**BULK PURCHASING**
45:45 What is Bulk Purchasing?
47:27 More examples of Bulk Merchanting + Items
49:10 Your GE and bulk Merchanting + Examples
52:10 A Final word about Bulk Merchanting
52:59 Some Closing words - How I haven't ruined merchanting
53:50 Some possibly helpful links to other videos
55:21 The End!