Azerothraven
11-01-2017, 01:56 AM
So you worked hard to make a million or two and now sure how you want to spend it? Say No more nab, I will show you the ropes.
Follow this simple rules and you will be the greatest Merchant AL has ever seen.
Personality:
Merching is not for everyone. It requires you to be:
Patient - not everyone will want whatever item you have and don't take lower offers just because you did not get much offer with it or don't settle for low offers. Remember price is not a permanent thing. Price falls and rise all the time so just wait until the price is something you are happy with.
Calm - respect other people's offer no matter how low it is. Nobody needs you to rage if someone offer 1m for an item worth 50m. Just say "nty" and move on.
Social - make connections and be good friends with farmers in the game for example, few people who will sell you locked or jewels every time. let them know you will buy it if they have it again.
Reasonable - there is a hierarchy of merchant, people with lower gold than you will sell for lower prices so buy from other merchants for reasonable price and try to resell. If you do this, make sure you are 100% sure you can sell for a higher price. E.g. Buy nekro 5.5m then resell in 3 hours to make 5.8m
Memory - not necessary but helps to remember ign of buyers and sellers u see around towns.
IMPORTANT:
Build your own strategy for merching and you will be able to do this by experimenting with different things. A few of mine are:
1. I used to buy mythic daggers level 51 rune-steel(flame), there was no awakening back then and I used to buy 3x excellent finesse jewels and put them on it. It cost me 200k to do this but I would sell this in auction for 300-400k at cap level 56. They used to sell really fast so know what kind of stuff people are into in the game and how you can use the system to make profit.
2. Noble jewel shatter - some times, I would find noble water/diamond/water/lighting jewel shatter in auction for 5-10k recipe then I would buy a noble jewels the cheap ones like noble water/diamond/water/lighting jewels for less than 40k and make one fortified of each type of jeweling making a net profit of 50k.
Rules of Merching:
1. You are merching to make gold so that you can make even more gold. NEVER forget that.
2. Always carry gold with you, you never know when you will run into good offers. A majority of my merchant gold comes from pure luck so make sure u have gold with you at all times. Pic below for one example.
3. Know the prices of all items, check the auction often for items and learn how much people buy and sell them for. Ask friends, guild or even me.
4. Set a minimum profit you want from X or Y items and maximum. When people ask you to buy them, tell them your maximum and accept offers if it falls within your range ( don't go crazy with maximum prices as it will scare poorer players....for life hehe). Sometimes you will be able to "milk" them. This is a test to find out how badly they want whatever you are selling and if you know they want something badly, you can raise or stand on a price and they will buy it nonetheless 90% of the time ( playing dirty). Only Pro Merchants do this. You will learn this as you merch and experience.
5. keep a record of what you merch so you can make sure you can make up for losses you have. I personally use this thread: https://www.spacetimestudios.com/showthread.php?403892-Little-Big-Sale
6. Be careful when trading. Don't get scammed. Don't cheat, remember all of your work means nothing if you are banned.
7. Know your audience, determine who your item is targeting and where is the best place to find this type of players. Paradise Pier? Expedition camp? Chancel of Light? Are they willing to pay you an extra 100k? ask yourself and think like the buyer.
8. Utilize events, it is the best time to buy items because price lowers and sell after event (requires patient)
9. Don't hoard stuff for more than 2 months. You want to make profit fast.
10. Don't get attached to items. Remember they are a means for you to get more gold.
11. Always read weekly guide as they can help you decide which items will rise or drop in price before anyone else.
So you see something good and seller asked to offer? How do you determine how much to offer?
---> coming up soon
164639
Backstory: I used to be a hardcore km3 farmer back in the day and I got Repetitive Strain Injury from that (RSI). Then grinding to mausoleum 6 made RSI even worse. This meant I could not farm physically anymore so my only option was to merch and I had to become good at it fast. I used to farm with my warrior "Genemorph". It was an ign I picked back in 2013 because I used to be a harcore Young Justice fan.
P.S: I use the my ign in the title so I can search this threads easily. I don't particularly like to refer to myself in 3rd person.
Follow this simple rules and you will be the greatest Merchant AL has ever seen.
Personality:
Merching is not for everyone. It requires you to be:
Patient - not everyone will want whatever item you have and don't take lower offers just because you did not get much offer with it or don't settle for low offers. Remember price is not a permanent thing. Price falls and rise all the time so just wait until the price is something you are happy with.
Calm - respect other people's offer no matter how low it is. Nobody needs you to rage if someone offer 1m for an item worth 50m. Just say "nty" and move on.
Social - make connections and be good friends with farmers in the game for example, few people who will sell you locked or jewels every time. let them know you will buy it if they have it again.
Reasonable - there is a hierarchy of merchant, people with lower gold than you will sell for lower prices so buy from other merchants for reasonable price and try to resell. If you do this, make sure you are 100% sure you can sell for a higher price. E.g. Buy nekro 5.5m then resell in 3 hours to make 5.8m
Memory - not necessary but helps to remember ign of buyers and sellers u see around towns.
IMPORTANT:
Build your own strategy for merching and you will be able to do this by experimenting with different things. A few of mine are:
1. I used to buy mythic daggers level 51 rune-steel(flame), there was no awakening back then and I used to buy 3x excellent finesse jewels and put them on it. It cost me 200k to do this but I would sell this in auction for 300-400k at cap level 56. They used to sell really fast so know what kind of stuff people are into in the game and how you can use the system to make profit.
2. Noble jewel shatter - some times, I would find noble water/diamond/water/lighting jewel shatter in auction for 5-10k recipe then I would buy a noble jewels the cheap ones like noble water/diamond/water/lighting jewels for less than 40k and make one fortified of each type of jeweling making a net profit of 50k.
Rules of Merching:
1. You are merching to make gold so that you can make even more gold. NEVER forget that.
2. Always carry gold with you, you never know when you will run into good offers. A majority of my merchant gold comes from pure luck so make sure u have gold with you at all times. Pic below for one example.
3. Know the prices of all items, check the auction often for items and learn how much people buy and sell them for. Ask friends, guild or even me.
4. Set a minimum profit you want from X or Y items and maximum. When people ask you to buy them, tell them your maximum and accept offers if it falls within your range ( don't go crazy with maximum prices as it will scare poorer players....for life hehe). Sometimes you will be able to "milk" them. This is a test to find out how badly they want whatever you are selling and if you know they want something badly, you can raise or stand on a price and they will buy it nonetheless 90% of the time ( playing dirty). Only Pro Merchants do this. You will learn this as you merch and experience.
5. keep a record of what you merch so you can make sure you can make up for losses you have. I personally use this thread: https://www.spacetimestudios.com/showthread.php?403892-Little-Big-Sale
6. Be careful when trading. Don't get scammed. Don't cheat, remember all of your work means nothing if you are banned.
7. Know your audience, determine who your item is targeting and where is the best place to find this type of players. Paradise Pier? Expedition camp? Chancel of Light? Are they willing to pay you an extra 100k? ask yourself and think like the buyer.
8. Utilize events, it is the best time to buy items because price lowers and sell after event (requires patient)
9. Don't hoard stuff for more than 2 months. You want to make profit fast.
10. Don't get attached to items. Remember they are a means for you to get more gold.
11. Always read weekly guide as they can help you decide which items will rise or drop in price before anyone else.
So you see something good and seller asked to offer? How do you determine how much to offer?
---> coming up soon
164639
Backstory: I used to be a hardcore km3 farmer back in the day and I got Repetitive Strain Injury from that (RSI). Then grinding to mausoleum 6 made RSI even worse. This meant I could not farm physically anymore so my only option was to merch and I had to become good at it fast. I used to farm with my warrior "Genemorph". It was an ign I picked back in 2013 because I used to be a harcore Young Justice fan.
P.S: I use the my ign in the title so I can search this threads easily. I don't particularly like to refer to myself in 3rd person.