I like the daily action of flipping items and earning a profit on the Grand Exchange – because – it’s fun! It’s rewarding to login and collect profits every time. And it’s always cool to have more cash to put on orders for a bigger position!!
Linkbuilder is practicing long term merchanting on the Grand Exchange as a way to build in the daily habits required for trading on a real commodities exchange.
Long term Merchanting on Runescape can be boring, actually, unless you keep the big picture in mind. Buy the item, log out of the game for six months, login and sell it for amazing profit in just minutes of game play… but where’s the fun in that?
If you’ve been following along with the Runescape Merchanting Experiment, MERCHFIRE – (where I started a new character with just one bone, and he has flipped his way to over 4 mil — with no other earning or income), you’ll be interested in these findings:
The steady profits on Merchfire, and other merchanting characters, have given me this experience with Flipping Higher Priced Items:
I can make MORE MONEY by flipping in a rising market, than I can make by buying and holding – in the same market.
I’m A Low Risk Trader
My prior experience with real world commodities trading has provided me with a specific strategy that has also proven to work for Merchanting on the Runescape Grand Exchange, this is true.
For example, I started merchanting on Linkbuilder with 13.5 mil, and in less than a year, I was to 235 mil. Imagine taking 13.5k real world cash and turning it into 235k cash on the stock market!! This is amazing success!
However, I’ve proven it to myself over and over again, that Flipping on Runescape offers a much greater earning potential! In fact, the rate of earning from my Flipping Merchanting Characters is so much greater than Linkbuilder, that they would surely overtake him in time.
Split Merchanting Strategy
This week, Linkbuilder is moving to a split merchanting strategy. 50% of his cash into long term trades, and 50% into flipping.
Articles on Flipping Items on the Grand Exchange
It’s not easy to find good and current information about how to Flip Items – and which are the best items to flip these days, but here are a few good resources you may find interesting:
Zybez.net Runescape Community has a few good tips in a discussion about How Much Money Do You Make Daily Flipping/merchanting? You can also find a helpful thread on Zybez called Good Items To Flip
An author on Ehow has presented some good definitions of exactly what Flipping is, and a short list of items you may want to review. How to Make Money on Runescape by Flipping. The authors Item List is very different than what Linkbuilder has been targeting. This will be fun to try these items! I particularly like the brief comment about being afraid when starting to flip the costly items. The emotions of fear and greed often work against you when merchanting, and it’s important to know the correct way of thinking when trading if you wish to be successful in the long run.
The Beginners Guide to Runescape GE Merchanting gives the best detail I’ve found online – the author is one of the few straight shooters who teaches Merchanting, and I recommend everything he does.
As the final example of Flipping here’s a link to a video on YouTube – where the Merchanter shows Runescape – Investing 150m “bounce” Merchanting.
Not Showing What I Want To See
Nobody is showing the most explosive method for profiting with Flipping. The best they recommend, is that you practice in your chosen market ‘to get a feel for it’. This is true, of course, don’t get me wrong – the more you know about the item you are merchanting, but better you’ll do, but these helpful tips are not specific enough for me to go to the GE and buy something right now.
TWO METHODS OF FLIPPING
Yep – there is an easy way to flip that is available all the time, and it’s profitable every day – just as I explained in the free report 5 Phases Of The Merch Clan Rip-off.
However, occasionally, an explosively profitable way to flip will present itself, and a merchanter can make 30% profit in just one update of the Grand Exchange!
You can apply these strategies to flipping items at any price level. For example, Merchfire started off buying and selling a few dozen trout with all of his available cash, but for some reason, it feels different to buy a few dozen items for 800k, and risk your entire account of several million gp.
The Merchanter’s Mastermind Group
LumbridgeCity.com can help anyone who wants to learn how to merchant on the Grand Exchange. Free advice is available in our Forum, The Merchanter’s Lounge, and we have an exclusive special group for those of you who want much more information and personal help. It’s called The Merchanter’s Mastermind.