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I was away for a few days attending to family/personal matters, and as you can imagine the old inbox started to get pretty full. Here are a bunch of questions that came in along with my (hopefully) helpful answers. Thanks everyone for these and all the other questions I received. I figured these 6 would be the most helpful to everyone as a whole.
Trading Post Question #1:
"How much silver should each item I buy and sell be.. I feel like 80c-1s profits aren't enough to achieve what you talked about in your 500 g a month post.what's your recommended profit?"
If you are selling stacks of 250 items worth 1s each in profit, then you would be making 2 gold 12 silver and 50 copper per full stack sold.
I am assuming that you have had success flipping items, so now you want to make more than whatever you currently are. May I also assume that you're flipping low level armor or something requires a lot of time placing buy orders? Try reducing the number of items you place buy orders on but increasing the size of the orders. That way it's faster to sort them in your bags, place the orders, list for sale, etc.
Sometimes it's about the small profit margins, even just one copper, where you can make the most money. Try to balance time invested, profit earned, and risk to find the best markets, not necessarily just profit per flip.
Trading Post Question #2:
If you got them for super cheap compared to the listing price (in other words you don't mind taking the 5% fee for re-listing) then I would advise cancelling your lot and just posting 5 for sale. If they sell, re-post another 5. Also, pay close attention to your market over the course of several days. I bet you that numerous people will see the truffle steak dinner (just as you did) and try to temporarily take control of the market. You don't know if they are actually selling until you see the money coming back to you ;)
Do your research and look at gw2spidy as well as gold wars 2 so you know if you're buying below the average price or possibly losing money by paying too much!
Trading Post Question #3:
You have to use the trading post unfortunately, but maybe this upcoming Halloween you will be able to get it for much cheaper. Think about it this way: will you be able to earn 220 gold before October? Also, will you be pissed if October comes and all your gold has been spent on a now cheap item?
If you do buy the item before Halloween, hold on to it just in case ArenaNet doesn't make it available like last year. That would REALLY increase the price.
Trading Post Question #4:
"First: I appreciate your effort and want to thank you for your work you are putting in to the gw2 trading post site.
Here my question:
I would speculate that dragon coffers will continue to fall in price until a few days before the event ends, should I at that point buy them in high numbers? I assume they will rise significantly in price as they have a chance for the dragon tickets. At the same time I should sell the zhaitaffy before the big price drop when they remove the NPCs or trade them for the consumables as they aren't available anymore after the event...
You see I like speculating, do you see any flaws in my theories?
Some feedback would be highly appreciated.
Thanks anyway :)"
This happened with the greatsword skins I believe, as well as the halloween candy. Definitely worth a try if you have the gold to spare! Try not to invest everything in one strategy though, and by that I mean, slowly sell the items off once you can make money. It's called dollar cost averaging. Look it up!
Trading Post Question #5:
Incredibly interesting theory! Most likely this food will rise to get closer to omnom food once it becomes more rare. And in turn, omnom food will go down while we wait for that to happen.
Trading Post Question #6:
Slow selling items typically can only handle 1-3 at a time, but fast moving ones can be as crazy as 1,000+ at a time. I generally only do that with items that make 1-2 copper profit after fees.