GE Flipping

I'm looking to get into merchanting via the GE, but I've never done it before so I'm kinda clueless as to how it works...

How should I go about choosing items to flip? And at what margins to buy/sell at?

I have about 50M to work with if that helps - any advice is appreciated

 

1)choose item to merch (usually rs commodities)
2)place buy offer way above guide price, record price it buys for
3)place sell offer below guide price, record price it sells for
4)buy bulk at the price it sold for and sell at price you bought for.

 

www.lets-flip.com

 

Buy one of a high volume item (rune, ore, etc) at a very high price (2-3 times Ge is fine). You will get it for much cheaper than your offer. Write down this price. Then sell the item for 1GP. You will get much more than that. Write down this price. Then enter an offer to buy at the lower price. Wait awhile and hopefully there is enough volume to let you buy them. Then sell at the higher price and hopefully there is enough volume to sell them. Start small and work your way up.

 

Is there a GE price database online anywhere that has 30-day graphs like there is for RS3?

 

Wait can someone confirm whether or not this site is useful? It requires registration before I can see their flips.

I'm pretty skeptical since I saw maybe the owner or something of this site stream and he was doing like whip flips on stream and seeds. He also said that his biggest 1 day profit was like 45m rs3...............

 

Select an item that is highly traded (fish/arrows/pots etc) and play around with them. Always buy 1 of the item @ max (most effective with high quantity-low priced items) to get a feel for where the market is at before investing your stack. Once you have this information you can make a judgement call on what price you think 1) will get you stock & 2) will allow you to sell at a profit.

If you get more serious about it, start writing down what the 4 hour limits are for each item. Flipping isn't for everyone but if you're patient it can pay off big time.

 

You can also try items that are rarely traded, but sometimes necessary (quest items? ect.) and buy for whatever you can get em for and then sell for high to profit off people trying to get the item quick

 

I like to trade things that are easy. I normally go for an item if you can get at least 10% profit.

To find an item, choose an item and buy it WAY above the price. For example, if the average price is 2k, buy for 4k. Then note down how much it bought for (2500 gp). This is your upper limit.

Sell it for way lower than the average price (800gp). When it sells, note down how much it sold for (2100 gp)

Your profit per item would be 2500-2100 = 400gp.

Now, buy as much of the item as you can FOR 2100 gp. When it buys, sell it for 2500 gp.

Repeat until you get loads of moolah.

 

Use this: http://merchz.com/merchantlogs/

 

i flip ranger tunics, buy them however cheap you can get, sell them 100k more, i made 5/10m per day using this method as they sell pretty fast

 

If you want fast profit items that are more used if you wont bigger profits but longer waits larger items 10m+