Gold selling business

Well me and a couple friends decided that we want to get into the runescape gold selling business. Were planning to gold farm and sell that money on this community, starting of quite small and then trying to grow later on..

What i wanted to know is, are there an pre-requisites to selling gold? do i need to have some special status, legal whatever, idk i have a certified pay pal tho.
I am not intending to scam, just want to gold farm and sell what we make.
Any advice if you guys have any for me please??

Thanks!

 

You may as well sell either via WU/MG or to a big seller that merchants gold.

Starting from your position, it will be hard to get up and avoid all the scams. You only learn from your mistakes, so you'll probably be facing a few in order to be like one of the big sellers.

If you want online money (Paypal, Moneybookers etc.), sell it to a big seller. You get less, but it's way safer and there is no hassle when selling to them. You can get chargedback on Paypal. If you want to use Paypal, you'd have to set up a PA account, and the fees are pretty high.

 

Thanks for the insight, can you link me to the website of a big seller that merchants gold? i want to know their rates, thanks

 

Here's one:
https://rsultimate.com/sell-rs-gold/

You could also check the RS Gold Exchange Market here:
http://sythe.org/forumdisplay.php?f=267

 

http://rsultimate.com/

EDIT: Grr Apith bet me to it haha

 

Wow thats really low payout =/! i was looking to sell for at least 0.60 a mill if thats at all reasonable? thanks for your help!

 

You'd have to sell gold on the forums then. And people only pays that much right now if they buy in small quantities.

People sells it for around .55/M At the moment, they have more stock and they're more trusted. Prices can go up and down, if bot nuke does go through, GP could hit around .6-.7/M again.

 

Or possibly .8-.9/M

TBH mate, save up your gold (500m-750m), and sell in small quantities (10m, 25m, 50m) and see what scammers will try to pull on you. ALWAYS use a OMM when you first get started (Official Middle Man), they charge a fee, but they have been trusted with WELL over 1B total wealth. After you gain more trust you can establish bigger shops, higher prices, and larger stock.

But be real. Go big or go home. Start Small and Go Big

 

OMM isn't always necessary. It can be a large amount of fees for small trades, you can use free Middlemen too, just make sure they are trusted beforehand.

 

As God's Swag has said first sell in small quantities so if you do get scammed, which you probably will you wont lose a lot of money. Also by doing this you will learn to spot a scammer and such and know what to do at that moment. It's a scammer full world out there and you are going to get scammed one time or another.

 

I LOVE THIS COMMUNITY, you guys are so nice and helpful, you dont know how much i aprecciate that.. most people will just troll me 24/7 when i make threads like this. But i understand now, just start small amounts to watch the characteristics of scammers and all of that, i see..
Well thanks alot guys!!

all i need now are the accounts to gold farm with.. oh lord lol im planning to buy a frost dragon acc for 20 dollars on some forum, no skills just combat and dung.. that should get me started at a good 1m an hour, 20m a day, basically 10 dollars a day! thanks guys =)

 

make sure each person that buys gold posts on your thread and leaves a vouch afterward.

 

Just here to say good luck.