TheChineseMan
07-16-2011, 03:57 PM
Hi guys, after a longgg sleep from SRL i have decided to come back and write a flipping guide b4 i attempt to get back into the Scripting Carrer :P
Ok so you want to make money with no effort at all? make money while sitting on the toliet? even while botting? then this is the guide for you :)
As many runescape users will always want to buy items instantly of the GE, we can use this to exploit buying and selling where we buy an item for a lower price and selling it at a higher price. this method is basically merching but you can do this in 10 mins-1 day depending on when you want to sell your bought items
things you will need
-notebook/notepad on computer
-common sense
-patience
Finding the item which we want to Flip
Firstly, we have to choose an item which we want to flip. i recommend items which most pkers/skillers use e.g.
-sharks
-rocktails
-monkfish
-helm of netiznot
-Prayer potion
-Runes
-Barrow items
-ores
-logs
As you get more experienced with flipping, you can venture into more items
before buying items, look at their graph on the GE to ensure they are currently not being dumped or heavily merched.
methods used to determine if a item is good to buy
-hockey stick technique
http://i51.tinypic.com/2v7xu2o.png
less risky of losing money
-1,2,3 bottom formation
http://i53.tinypic.com/ivepz5.png
more risky to lose money or can also gain alot of money
Prices which to buy and sell your items at
Once you find an item which looks good to flip, you will have to find the current buying/selling price of the item
the procedure to do this is
1) Put an test offer into the GE buying the item at a high price maybe 10% over the min price. usually it buys instantly - record down the price which you item bought at (this will be your selling price)
2) next sell the item for about 10% less and once it sells instantly, record down the price (this is your buying price)
3) if the profit margin for the item is suitable to your needs and doesn't seem very risky, put an buy offer into the GE for that item using the price recorded down from selling.
4) Once it has fully bought, you can choose either to
-sell the item of for the buying price your bought it for
-hold onto the item if you think it is going to rise and sell it off the next day
GE limits
When buying and selling items on the GE, Jagex has made it so that you can only buy a certain amount of items at a time (4hrs)
for the list of GE limits go to: http://runescape.wikia.com/wiki/Grand_Exchange
to ignore the 4 hr limit:
once you have bought some items, you sell them. this then cancels the ones you have bought.
therefore if you have bought 8000 raw fish this means you can only buy 12,000 more for that 4 hrs
however, if you sell the 8000 raw fish before the 4 hrs, you can then buy 20,000 again.
working out profits
to work out the profits which you will make during a flip, use this equation
(price sold - price bought) * num of items bought = profit
Have Fun Flipping!!
Ok so you want to make money with no effort at all? make money while sitting on the toliet? even while botting? then this is the guide for you :)
As many runescape users will always want to buy items instantly of the GE, we can use this to exploit buying and selling where we buy an item for a lower price and selling it at a higher price. this method is basically merching but you can do this in 10 mins-1 day depending on when you want to sell your bought items
things you will need
-notebook/notepad on computer
-common sense
-patience
Finding the item which we want to Flip
Firstly, we have to choose an item which we want to flip. i recommend items which most pkers/skillers use e.g.
-sharks
-rocktails
-monkfish
-helm of netiznot
-Prayer potion
-Runes
-Barrow items
-ores
-logs
As you get more experienced with flipping, you can venture into more items
before buying items, look at their graph on the GE to ensure they are currently not being dumped or heavily merched.
methods used to determine if a item is good to buy
-hockey stick technique
http://i51.tinypic.com/2v7xu2o.png
less risky of losing money
-1,2,3 bottom formation
http://i53.tinypic.com/ivepz5.png
more risky to lose money or can also gain alot of money
Prices which to buy and sell your items at
Once you find an item which looks good to flip, you will have to find the current buying/selling price of the item
the procedure to do this is
1) Put an test offer into the GE buying the item at a high price maybe 10% over the min price. usually it buys instantly - record down the price which you item bought at (this will be your selling price)
2) next sell the item for about 10% less and once it sells instantly, record down the price (this is your buying price)
3) if the profit margin for the item is suitable to your needs and doesn't seem very risky, put an buy offer into the GE for that item using the price recorded down from selling.
4) Once it has fully bought, you can choose either to
-sell the item of for the buying price your bought it for
-hold onto the item if you think it is going to rise and sell it off the next day
GE limits
When buying and selling items on the GE, Jagex has made it so that you can only buy a certain amount of items at a time (4hrs)
for the list of GE limits go to: http://runescape.wikia.com/wiki/Grand_Exchange
to ignore the 4 hr limit:
once you have bought some items, you sell them. this then cancels the ones you have bought.
therefore if you have bought 8000 raw fish this means you can only buy 12,000 more for that 4 hrs
however, if you sell the 8000 raw fish before the 4 hrs, you can then buy 20,000 again.
working out profits
to work out the profits which you will make during a flip, use this equation
(price sold - price bought) * num of items bought = profit
Have Fun Flipping!!