Shall I open a gold shop?

Closed.

 

Use playerauctions for paypal payments, you wont get chargedback.

Its profitable but the market might be saturated, it will take some time setting up and being more well known in the market. There are risks such as account bans and wipes, which I never got when I bought and sold gp but I was never that big into the market.

Dont expect to get trades everyday, youll need to invest time and money just like any start up where some are expected to lose in the first few months before making a profit. You wont be losing money, maybe just time.

 

Honestly I came back to Sythe with the intention of doing the same thing.

Sadly I think that too many people are doing the exact same thing as our selves, I think as much as it is profitable, because so many people are doing it you wont get the time of day from most people, If you want to run a business on sythe you need something new and original, otherwise the obvious likes of R2 and Arcus will stand as giants over you in the gold business.

I wish it was easier but yeah, I wouldn't waste your time right now essentially.

 

Similar to their response, this business is a hell of a good profit. Only problem I can think of though are the chargebacks and the risks. Investment and Patience is key. As long as you know what you're doing, I think you'll be fine. Make sure you do some research before you begin

 

yeah man, forsure. especially if you have a good amount to start with, you can make some good profit. buy on here, sell on playerauctions.

 

just sell to me

 

Just sell to any buyer.

 

The question is why not?

 

Right now would be a good time if you have enough money to buy in bulks.

 

It's a good experience regardless of whether or not you make money. However, your status on here should be enough to lead to profitability.

 

It's only worth it if you have the time/money to invest in starting your business. It'll take a while before you actually start to see any real profits rolling in.

 

This is my thoughts summed up.

Even if it's not neccessarily profitable it's definitely a good life experience that teaches you to weigh pros/cons of business. It's always good to learn budgeting while you're young as well. (Coming form someoen who is reasonably terrible with budgeting!

 

No, it's not worth it, don't do it.

 

Dude sellerman stop being so negative XD

You told me I couldn't do RSGP, but I became one of sythe's larger dealers when I did trade gold. As long as you have money to get donor, and do a price beating business model, you'll do a decent amount in trades.

For example, I will clearing around 10k a month in my prime trading days before Ooga took my skype twice XD

 

I didn't say that. I said you need capital, time and commitment to acquire a foothold in the RSGP business. You also need to be prepared to face losses at times (hence capital required). You clearly had the financial means, and time to persue it, so you did, and it paid off.

I'm saying no to Chase in regards to if he doesn't have the aforementioned factors.

 

If you do gl, there's already alot of competition.

 

I don't know much about selling Rsgp, all I know is it's going to take time, a lot of effort, and patience, like most of the guys up there in the comments above me said, it's a good learning experience and it's gunna take patience! So if you do decide to open up the gold shop, Goodluck man! Hope you are successful!

 

I wanted to ask the same questions. I agree with Nick also.

 

its a hard market to get into but once your really in it you can make bank

 

As long as you're trusted, which you appear to be, you should be able to turn a nifty profit. I'd go for it.