PiLL0w
Hey guys.
My actual question: How do you vend? Properly?
I have always have this question in my mind ever since i heard the word "vending" for the first time. Many people I met, they are very good and earning a lot from vending.
I tried and for me, it's kinda tough. I'm not sure i'm doing it right. (because i have been failing so much..)
And some more, right now i'm on a quest myself (my first ever official quest sweatdrop ).
Words of advice please? :'>
I'll appreciate it very much.
Overslept has some good points, if you can recognize patterns you can turn a profit. Price thresholds are very important. However I disagree memorizing price ranges, I have a 2nd window open that is dedicated to looking things up in the market place and always vend with it.
I am a decent vender with what funds I have.
For new comers to vending, look at the graphs. They're very important. The graphs will give you an idea of how many items are sold. The more items that are sold each day, the safer that item is to sell.
That being said, you need to know a few risks and red flags that are important: when an item is inflated (LBP is significantly higher than ABP) use the ABP as a guide if you are buying an item that is inflated. But if LBP is only a bit higher, that's just natural fluctuation, usually gaining appreciative value in the long run. If the LBP is lower than the ABP, it's usually a good sign to stay away from them. But also could be a pattern of fluctuation, For example Dangerous Denim's price ranges from 80k-120k, it changes on how many sellers there are.
There are some items that barely push out even 1 or 2 a day. I like to think of these items as high risk, high reward items. You can usually haggle someone down a large amount of money from their normal price for these items because they want to get rid of them. For good reason, they are hard sells. I recently lost about 100k because I couldn't sell one of these items on the marketplace, it happens to even the most experienced of us.
Short Version:
Have a price threshold (how much money you are willing to pay and turn a profit) and always stick to it. When buying from the exchange, you can offer around 10-15% off from it's value. On small items (100k-250k) items you can usually get away with 20k-40k off its value. Try to avoid items that sell less than 5 a day.
Also here is something to keep in mind when trying to make profit. The Marketplace 2% fee:
2% of 500k is 10k, thats how much the marketplace takes.
So keep this number in mind when making offers on high value items.
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