Merching

[Cardinals`]

I was wondering if anyone could kindly, tell me the basic's of merching like -

- How to find the right item too merch
- How to manage the item ( Buy, when to sell)

It would be much appreciated thanks

 

[wowlunch]

Use google, but in a nutshell you study the graphs, invest, ????, profit.

 

[Determinate]

It's mostly just trial and error. Find some item that is used quite regularly, and if it's rising, buy at med and sell above med; if it's falling, buy below med and sell at med.

Adjust a little based on the degree of rising or falling, but those are the basics.

 

[FireZ]

Buy as low as possible and sell as high as possible. Little more complex then that but that the basic idea.

Never try to buy for lowest or sell for highest on most items.

 

[Cardinals`]

Okay, thanks guy's.

 

[Silver haze]

you should try flipping,
follow some simple steps
1-Find an item that is pretty much stable or with an obvious pattern!
2-Find the lowest price at wish it sells.
so try an offer for 20k under mid... if you wait 10 mins and it still hasn't bought then go up to 10k under mid and then just keep adjusting till you find the price at wich they buy at a slow but steady rate.
3-Buy your full limit eg 10 whips
4-wait 4 hours
5-like in step 2 find the highest price at wich they sell using trial and error.

 

[DARK BARRAGE]

Yes i would go with silver's method this will help you alot to start with.

 

[wowlunch]

When flipping always buy 1 of the items for max, see what it sells for, then buy it at 5-10% below what it sold for.

 

[Swangy]

When flipping always buy 1 of the items for max, see what it sells for, then buy it at 5-10% below what it sold for.

pretty much, this is what you should do till you can start funding some solid flips, then go on your own, invest small amounts of your money into something, see if it works, if not then just move along. Also, working with runes is good for flipping, especially the elemental runes [when you do bulk, this can be amazing and rather fast money making]

good luck with learning, p.s. ive also just taken interest in this money making method