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A lot of players start off with my strategies for flipping armor and weapons, especially the lower level items. This player in particular, Kilian, had reached this milestone but asked for my advice on getting to the next level of gold making. Here's his email and then my response, which will hopefully assist you if you're in the same boat.
First of all I'm sorry if my English might be poor, I'm no native speaker.
A quick introduction to begin with, I'm fairly new to gw2 (playing since 3 weeks), but not new to the concept of trading as i did this to earn money in a lot of other MMO's too. I subscribed to the secret forum on Saturday and been reading the forum and your blog since, really enjoying it so far, a big thanks to you, as this has helped me a lot to establish and get going into this market.
A Problem I'm struggling with:
i tried buying level 10~60 Armor/Weapons/Trinkets when they are at least the half of the sell orders i place my buy orders (2-3 per Item). Everything good so far and I'm making a good profit with this method so far.
HOWEVER my problem now is, I'm not taking notes down, so for these "cheap" items i'm not going to list every single one in an excel sheet, to look up the buy price later. This would slow me down a lot i think and so far I'm fast enough to go through a site of items in under a minute, placing my bids. If I'm going to bid on 500-700 items listing them all up would take HOURS and minimizing my Profit.
So to get to the point I'm struggling, I don't know how much i can undercut other People and still make a profit, as i can't remember all those items. And i think this is a point that if I could improve this, would make my Gold per hour go up by a lot.
Also I am a very patient person, I have no problem to let those item's listed for 2 weeks if they sell, but on the other hand I want my money back to invest it again and throw it into the TP.
The other Problem I have is the following:
I just take today as an example, I started the day off by removing the old buy orders from yesterday, starting to sell my stuff and placing new Buy orders. I was sitting at ~160G and after putting up buy orders for Armor/Weapons/Trinkets/Runes(tried Runes the first time today) I was at something around 50G. This process took something like 1.5h to complete, afterwards I took a quick 30min break, when I came back I bought a lot of Stuff and already sold some thing(from the sale and buy orders I placed earlier), so my money was already coming back.
After this process I was at ~70G and some more stuff I put up.
I tried investing this 70g into whatever but with flipping I just seem to can not get my money to 0G. I have no clue what to do with this spare money, but letting it sit in my inventory won't get me more money.
I hope you understand what I'm asking and maybe you have some stuff i can read related to those Questions, thank you in advance and have a good day!~Kilian"