Iceshot1000's Flip Merchin' Log.

Well. Flipping is. Buying crap. Selling crap. Making money.

That's it.

Like,

Let's say I buy cocaine for 400K. I get 150K of that back, which shortens the price 400-150=250K per cocaine bag. So, I sell that, and make 150K profit, or more.

Not bad, eh? But I'm doing this with some expensive crap. Like Draggie boots, and stuff. Below you'll find me log of how much I've made.

STARTING OUT AND SHIZ.
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FEB 21

Rune kiteshield - 25- 896,463 gp BOUGHT
Rune kiteshield - 25- 897,350 gp SOLD
887 gp profit ~ ... Better than nothing.

Dragon boots - 3- 726,000 BOUGHT
Dragon boots - 3- 725,000 SOLD
-1,000 ~ Dammit.

I lost 113 gp today.

THURSDAY /24
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War Tortoise Pouches - 425- 3,873,025 gp BOUGHT
War Tortoise Pouches - 425- 4,063,425 gp SOLD
190,400 gp profit- WOOP!

War Tortoise Pouches - 435 -3,962,776 gp BOUGHT
War Tortoise Pouches - 435 -4,159,035 gp SOLD
196,259 gp profit- BETTER!

War Tortoise Pouches - 435 -3,964,155 gp BOUGHT
War Tortoise Pouches - 435 -4,159,035 gp SOLD
194,880 gp profit- Mhmm!

War Tortoise Pouches - 460 -4,191,980 gp BOUGHT
War Tortoise Pouches - 460 -4,398,060 gp SOLD
206,080 gp profit- Money's coming in today!

War Tortoise Pouches - 482 -4,392,466 gp BOUGHT
War Tortoise Pouches - 482 -4,598,841 gp SOLD
215,481 gp profit- YYYEAAAAAAAAAAAAAAAAAAH!

Today, I have made 1,003,100 gp!

LEARNING THE ROPES /25
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Rune Platelegs - 100 -3,844,200 gp BOUGHT
Rune Platelegs - 100 -3,899,500 gp SOLD
55,300 gp profit- YAY.

Dragon med helm - 10 -595,010 gp BOUGHT
Dragon med helm - 10 -597,780 gp SOLD
2,770 gp profit- Okay.

Karil's Crossbow - 10 -3,326,065 gp BOUGHT
Karil's Crossbow - 10 -3,498,980 gp SOLD
172,915 gp profit- That's what she said.

I've made 230,985 gp today.

PUGLICIOUS /26
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How to Flip Merchant:

First off, find a margin.

Buy one of the items. If it doesn't buy instantly, keep raising. Find the price it sold for. Sell it. Wait. Selling price is most important.

So. I want to buy a War Tortoise pouch to merchant with. The price is 9,106 on the market. I buy one. I find the merchants sell them, for 9,561. So, then I sold it. I found they are buying for 9,113. So... let's see.


9,561 - 9,113= 448 profit each.

That's good. Don't buy a few, buy a LOT, for maximized profit.

For the next parts, you will need...

A good capital investment OF: 4-5M.
Patience.

JUST WAIT A FLIPPING SECOND!

Before you actually buy, how about we check the chart?



http://services.runescape.com/m=itemdb_rs/War_tortoise_pouch/viewitem.ws?obj=12031 (THIS IS A CHART.)

The chart's one of the most important pieces in the Merchanting Puzzle. You never want to buy an item that's dramatically dropping in price.

The charts will always change, no item will stay the same price.

Seeing as if the product is stable, I order 435 for 3,962,776 gp.

Now, be patient. Products never buy fast, or sell fast.

They've bought! Remember the price you decoding from buying a pouch? You sell it for that AMOUNT!

All of them are sold for 9,561 a piece.

They sell. You've just made 4,063,425 gp, minus the price bought, which is 190,400.

Profit-190,400.

Four Hour Limits and Popular Slang.

Some items have a limit on how much you buy so a player doesn't make a monopoly. Here's a list of the known limits.

(Please inform me if they have changed.)
10 for Weapons/Armor (dragon/barrows)
100 for Rune and lower armors
2 for Treasure Trail and discontinued items
25k for Food
10k for Feathers
10k for Herbs
25k for Ores
25k for Logs
25k for Runes
10k for Bones (1k for frost dragon bones)
10k for Bars
1k for potions

As you will flip, you may here the following terms:

-Margin: The amount of profit per item.
-Undercutting: When someone sells lower than you.
-Overcutting: Someone buying higher than you.
-Blocking: When you get over/undercut.
-Nerfed: When someone completly kills the margin