We Need More Writers!
First off let me apologize for my absence from this blog. I have been struggling with internet problems for a week! Still not perfect but at least my land line is working (wireless on the fritz). Comcast can't seem to lock down the issue, but I'll get posts out as best I can! I already have about 100 emails to get through... so please don't be upset if I'm late responding. You can sign up for the newsletter on the right of the screen for more frequent tips while I get things back to normal.
Here's an email from someone who recently struck it rich:
thank you for your incredibly helpful blog as well as email tips.
Now I do have a specific question though. I've managed to craft Eternity and sold it for about 4k gold. But I am unsure how I can invest a significant amount (maybe 1-2k gold) to make more money. So far the most I had to flip with was around 400g and even then I sometimes run out of ideas what to invest in / flip. I guess one option would be precursors or directly legendaries, but that seems quite dangerous (?)
I'd appreciate any tips you could give me.
Your blog reader,
Instead of legendaries, you should be flipping exotics. Think of this analogy. Someone who has 10 gold can flip items worth 1 silver to 2 silver and that's .01% of their money. For you, having 4,000 gold means you can take the same risk with 4 gold. You need to apply all the flipping tips you find on this blog to bigger fish, or just a lot more of the little ones.
Besides flipping exotics, I recommend purchasing silver ore, but don't do it just yet. Recent charts are showing silver ore dropping so you might want to wait until it gets a little lower.
Purchase unidentified dyes and sit on them for a long time. They will eventually rise in price. In fact, they went up 3-4 silver in the past 10 days.
Also look into the mystic forge, but be careful! Money can disappear quickly when you use it without checking the math first. Research is key.
You have more money, so you can make more money. Just don't force it to happen. You still have to play by all the rules of supply and demand, like everyone else.
Welcome to the next level ;)
Behold, the ingenious GW2Profit.
My secret to using this site is the ability to find items you can craft and then sell to buy orders for a profit. That's right, you will instantly make money selling to buy orders instead of waiting for sell listings to complete. The only time you'll be waiting is if you use buy orders to acquire your crafting materials. In almost all cases you must do this, but once in a while you can just buy things out, craft, and sell to the buy orders for insanely fast profits.
Right now we're dealing with the festival of the four winds, so not all crafting methods are going to work well. This is due to the increased price of crafting materials. There are plenty of opportunities though and this website is updated frequently from the game's servers. It does not sink with gw2spidy and uses its own algorithm.
Choose Item production tasks. You’ll see this screen: