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Posted: Fri Dec 23, 2005 4:17 pm
Introduction
Ok so I've been around for a good while now.. I wont say how long but I will say this. A certain Christmas I remember trading trunks for letters to give as gifts lol But I digress, I must admit I'm a little out of touch with the actual numbers but I know the exchange and I know how it is best to make money.
Contents
Post 2 - General Advise Post 3 - Pricing and Guides Post 4 - Your Selling Thread Post 5 - Making a Shop Post 6 - Exchange Behaviour
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Posted: Fri Dec 23, 2005 4:55 pm
General Advise
There are many, many little rules to success, these are but a few in my experience. Perhaps you can add some in the future.
- Don't invest all your money if the return isn't going to be good - You could buy one large item for 100k and make 10k profit on it, or you could buy 20 smaller items at 5k each and make 1k on each of them (sealed letters are great for this). Remember, its not about the items that you sell. Its the profits you make. A fantasic example of this was that there used to be money in trunks and pink boxes and they were a good starter before you had the money to buy many donation items.
- If no one wants it, you can't sell it - This is a very simple principle. Some items are worth quite a bit of money however finding buyers is difficult. Always be sure someone will buy it before you acceot it in trade or buy it yourself. There is nothing worse than being stuck with an item thats not changing value when everything else around it is raising, so in affect its dropping.
- Keep doing the math - As you haggle keep re-evaulating the profit potential of a deal and such as if you're trading for items, how much will you be able to sell them for? Once you have the items, what will you trade it for next? Basically think a couple of moves ahead.
- The more you have the more you make - If you start out buying stuff for 10k you can hardly expect to make much more than 2k profit per deal (on a good day). However if you're willing to maybe temporarily sacrifice a few items to give you more money to trade with you can make more (or bigger) trades, depending on which you view as more profitable (see above).
- Beware New items - Anyone whose been in the exchange for five minutes on the 15th of the month (letter opening day) will tell you prices go wild. This is true of new donation, event and other rare items (anyone remember the coon tail fad?). People rush to buy one quickly because they think that items only go up with time (very true over all in the case of donation items) however not entirely true. A lot of the time the exchange is mad for a few days then prices drop. This is great if you havea bunch of sealed letters and you sell them on the first day but never buy new letters on letter opening day . The same goes for event items and new rares.
- Dress to impress - If you're selling it, wear it (if you can). It is definately worth while, you cannot preview rares so its up to you to show people they look good.
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Posted: Sun Jan 01, 2006 12:24 am
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Posted: Sat May 27, 2006 4:07 pm
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