Guild Wars 2

This is going to sound crazy to most of the people here.. but hear me out. It seems, that the majority of players don’t understand how to sell items on the TP. This is a very very very basic guide on how to sell an item properly. You can take some of this info, twist it a little, and flip items. This is selling only. Not buying.

First, Every item that is not soul/account bound has a potential cash (Ingame gold) value. Yes, that last statement means I am a TP flipper. I am going to show you how to almost maximize your items value with MINIMAL work. Disclaimer: This does not encompass extremely high value items, very rare, or very volatile markets or speculation. This is for your everyday item drops you get when you dungeon/explore/Whatever else you fancy.

At this time, please view the attached screenshot. This is a screenshot what pulls up when I right click an item in my inventory and select the option “Sell at the Trading Post”. Edit: I have no idea why I put a red circle on it….

We have all seen this, but most people don’t understand it, so lets break it down in a simple way. You have 4 options for your item on this screen(we only care about 1 or 2 though). Lets talk about all of them. Pros and Cons!

Meet highest buyer: Someone is willing to pay 73c for your item right now. You press the button, you get your money, minus 15% TP fee. Very easy to understand.
Pro: You get your money now
Con: You settle for 66c(minus the listing fee of 4c) instead of 2s.
This is the option that makes flipping items on the TP possible. It is bad. You should never use this option unless you need the money right this second. (there is an advanced reason why you might use it. This is Selling 101 though.)

Match lowest seller: Very complicated, but I am going to simplify and link it to the above option. You think 73c is too low for your item, and think that 2s21c is fair. Click this button if you don’t have 3 seconds to spare for option 3.
Pro: You get more money than Option 1.
Con: It isn’t instant. You will have to wait for the 7 already listed to sell before yours will.

Setting your own price: Exactly what the title says. Click match highest seller and lower price 1c below. (tip: if you click the copper field at the top and press down arrow or mouse wheel down, the price will lower by 1c)
Pro: You will sell your item before the 7 already listed and get more money than Option 1.
Con: It takes 3 seconds to change the price.

Last option: Close the TP and don’t sell your item. You would use this when The price of the item to a vendor is more than you would get minus TP fees.

Why would you ever click Meet highest buyer after reading this? I’m serious. Please tell me the reason. I want to know.

To all of you “Master Traders”: I know it can be more intricate than this. I made it as simple as I could.

Another Disclaimer: This is an actual item I flip on the TP. I am a flipper. If everyone did this, it would force the highest buyer and lowest seller prices closer together for lots of items. It would ruin my profits. But, I would guess 99.9% of the population will never see or understand the concepts posted here, so I am not worried at all. You will not become rich overnight. This will increase how much money you make. The little things add up.

Plus, this will be buried by the “Market Rigged” “Market Controlled” “Flipping is bad” “The economy is bad, here is how to fix” threads all over the forum

Omni, you needed a one sentence TL;DR summary of the above. Some won’t be able to understand otherwise. I’ll help by posting it for you:

Buy low, Sell high.

Smooth Penguin.5294:

Omni, you needed a one sentence TL;DR summary of the above. Some won’t be able to understand otherwise. I’ll help by posting it for you:

Buy low, Sell high.

lol. I love your posts.

The TP gives you all the info you need to “Buy low, Sell high” but people still don’t understand the concept. Baby steps with selling 101. If enough interest is generated, buying next.

Here is the TLDR:
Sell High.

Omnitek.3876:

Smooth Penguin.5294:

Omni, you needed a one sentence TL;DR summary of the above. Some won’t be able to understand otherwise. I’ll help by posting it for you:

Buy low, Sell high.

lol. I love your posts.

The TP gives you all the info you need to “Buy low, Sell high” but people still don’t understand the concept. Baby steps with selling 101. If enough interest is generated, buying next.

Here is the TLDR:
Sell High.

That TL;DR is too short. Novice traders might buy too high, and sell for even higher, thus ruining any chances on decent income. But in the wise words of Wanze, the solution to this is Mounts.

I prefer lowering the price to the middle of buy orders and sell orders (1.5s if an item has a sell order of 2s and a buy order of 1s)

it amuses me, and I don’t feel dirty for 1c undercutting

ITheNormalPerson.9275:

I prefer lowering the price to the middle of buy orders and sell orders (1.5s if an item has a sell order of 2s and a buy order of 1s)

it amuses me, and I don’t feel dirty for 1c undercutting

Which is fine if you are ok with making less money. Flipper will still buy it and make a profit. Everyone has a spread they will flip. Mine is really low.

Your car is worth $20,000. Sell it to me for $15,000 please.

And if you, the seller, is concern that the current low sale price is too high you can list at 10% below like 2s. And if you are really concern there are web sites that track the buy now and sell now prices.

http://www.gw2spidy.com/

http://www.gw2tp.com/

The first one samples every 15 minutes and also charts the running average for each over the last 24 hours. The second one samples every 5 minutes. Use either site to sanity check if the gap is normally that large or narrow.

Now a narrow gap between the two prices may be a sign that someone just sold a more items to the current high bidder than the high bidder was looking for. Using the example from Omnitek, lets say you leave and come back a few minutes later to find the high buyer price is now 71c while the low seller price is now 2@73c. What likely happened was someone tried to sell 10 the high buyer but since the high buyer only wanted 8 there’s now 2 for sale at 73c. So now there’s a gap in seller prices from 73c to 2s21c and that’s usually an indicator that the “normal” sell price is closer to the higher price bracketing the range than the lower.

You can check if a gap in sale prices currently exists buy right clicking on the item you are looking to sell and select the “Buy More from the TP” option, which will display the top 20 or so sell listings and the number of items for sale at each price.

This will also show you if someone(s) built a price wall of items at a particular price which will take time to “erode” over the course of normal trading. For instance you may find out there are 5000+ of that item is priced at 2s25c. So common sense should be telling you that setting your price below that, your item will sell quicker than selling it at that price or even higher.

The OP forgets that there are people who simply dont care either way and will choose to sell at “sell now” prices.

I’m sure he knows that but one of the themes from the now closed thread on TP flipping is that they exist because players seem more often than not or just enough of them pick the highest bidder to sell to.

If you vehemently “hate” TP flippers you can try to combat them through education of players on how to use the TP to get that extra coin they were just giving to TP flippers. Probably better use of your energies than ranting about something that isn’t going to change.

Not sure who the target audience is for your post. If people don’t even understand how the basic TP interface works between selling to highest bidder or listing it yourself, what hope do they ever have of making any money flipping?

Change the interface already. Seriously.
It’s more fun looking at the “TP” on websites on the internet than in-game.

cranked.3812:

Not sure who the target audience is for your post. If people don’t even understand how the basic TP interface works between selling to highest bidder or listing it yourself, what hope do they ever have of making any money flipping?

Education is the cure for ignorance.

This isn’t a post about flipping. This is a post about selling items you get when you quest/dungeon/whatever else. If you had actually read the original post, I state that there.

Apathy is what I can’t cure. Don’t care to learn, or in your case, read. Can’t be fixed by anyone but that individual person.

Omnitek.3876:

This is going to sound crazy to most of the people here.. but hear me out. It seems, that the majority of players don’t understand how to sell items on the TP. This is a very very very basic guide on how to sell an item properly. You can take some of this info, twist it a little, and flip items. This is selling only. Not buying.

First, Every item that is not soul/account bound has a potential cash (Ingame gold) value. Yes, that last statement means I am a TP flipper. I am going to show you how to almost maximize your items value with MINIMAL work. Disclaimer: This does not encompass extremely high value items, very rare, or very volatile markets or speculation. This is for your everyday item drops you get when you dungeon/explore/Whatever else you fancy.

At this time, please view the attached screenshot. This is a screenshot what pulls up when I right click an item in my inventory and select the option “Sell at the Trading Post”. Edit: I have no idea why I put a red circle on it….

We have all seen this, but most people don’t understand it, so lets break it down in a simple way. You have 4 options for your item on this screen(we only care about 1 or 2 though). Lets talk about all of them. Pros and Cons!

Meet highest buyer: Someone is willing to pay 73c for your item right now. You press the button, you get your money, minus 15% TP fee. Very easy to understand.
Pro: You get your money now
Con: You settle for 66c(minus the listing fee of 4c) instead of 2s.
This is the option that makes flipping items on the TP possible. It is bad. You should never use this option unless you need the money right this second. (there is an advanced reason why you might use it. This is Selling 101 though.)

Match lowest seller: Very complicated, but I am going to simplify and link it to the above option. You think 73c is too low for your item, and think that 2s21c is fair. Click this button if you don’t have 3 seconds to spare for option 3.
Pro: You get more money than Option 1.
Con: It isn’t instant. You will have to wait for the 7 already listed to sell before yours will.

Setting your own price: Exactly what the title says. Click match highest seller and lower price 1c below. (tip: if you click the copper field at the top and press down arrow or mouse wheel down, the price will lower by 1c)
Pro: You will sell your item before the 7 already listed and get more money than Option 1.
Con: It takes 3 seconds to change the price.

Last option: Close the TP and don’t sell your item. You would use this when The price of the item to a vendor is more than you would get minus TP fees.

Why would you ever click Meet highest buyer after reading this? I’m serious. Please tell me the reason. I want to know.

To all of you “Master Traders”: I know it can be more intricate than this. I made it as simple as I could.

Another Disclaimer: This is an actual item I flip on the TP. I am a flipper. If everyone did this, it would force the highest buyer and lowest seller prices closer together for lots of items. It would ruin my profits. But, I would guess 99.9% of the population will never see or understand the concepts posted here, so I am not worried at all. You will not become rich overnight. This will increase how much money you make. The little things add up.

Plus, this will be buried by the “Market Rigged” “Market Controlled” “Flipping is bad” “The economy is bad, here is how to fix” threads all over the forum

Good post for new players on how to nearly instantly get 15-50% more gold for their loot with very little effort, if they used to sell directly before.

Next tip would be to never rely on the selling screen. Especially if you see 1 person offering qty of 1. Don’t have the screenshot with me, might add it tonight.

Omnitek.3876:

Setting your own price: Exactly what the title says. Click match highest seller and lower price 1c below. (tip: if you click the copper field at the top and press down arrow or mouse wheel down, the price will lower by 1c)
Pro: You will sell your item before the 7 already listed and get more money than Option 1.
Con: It takes 3 seconds to change the price.

You cleverly left out a second con. This is also not instant.

Omnitek.3876:

Why would you ever click Meet highest buyer after reading this? I’m serious. Please tell me the reason. I want to know.

You already know why. Mainly, some people are better off getting money now.

If you want other reasons:

• If the buy price is 80c and the sell price is 1s, some people aren’t interested in haggling over a few coppers.
• Worrying about how to wring out every possible copper of profit from every item they ever encounter is not a source of enjoyment for some.
• Some people feel undercutting on sell orders by 1c is dirty pool.
• This is a game that could be unplugged at any time ANet desires. Some people don’t care how much fake money they amass, since it’s fake money that could disappear any time. When the zombie apocalypse strikes, you may start wishing you had a pile of real gold instead of ANet gold.
• The time that you spent earning more fake money could have been spent earning real money.

Don’t take any of this to imply that I think nobody should enjoy playing the market. I just have difficulty with a mindset that seems to think everybody should be playing the market.

I had so much trouble explaining this simple concept to a guildie I was amazed. Will just link this thread instead next time. Yes, people failing to understand it is what really makes flipping possible, and not fat mean greedy TP barons.

Suggestion: add “undercutting” or “undercut by 1 copper” term to Option 3. People see these words used often but do not know what they mean.

ITheNormalPerson.9275:

I prefer lowering the price to the middle of buy orders and sell orders (1.5s if an item has a sell order of 2s and a buy order of 1s)

it amuses me, and I don’t feel dirty for 1c undercutting

It depends on the volume on Sell orders (and potentially buy orders) as to whether this is the “smart” move (discounting the time to sell issues). If it’s all about selling first for you, this is the preferred method.

I tend to think 80% of those that casually use the TP have NEVER done any interaction beyond selling to the highest buyer….obviously the TP interface is designed this way.

Eggman.1405:

Omnitek.3876:

Setting your own price: Exactly what the title says. Click match highest seller and lower price 1c below. (tip: if you click the copper field at the top and press down arrow or mouse wheel down, the price will lower by 1c)
Pro: You will sell your item before the 7 already listed and get more money than Option 1.
Con: It takes 3 seconds to change the price.

You cleverly left out a second con. This is also not instant.

Omnitek.3876:

Why would you ever click Meet highest buyer after reading this? I’m serious. Please tell me the reason. I want to know.

You already know why. Mainly, some people are better off getting money now.

If you want other reasons:

• If the buy price is 80c and the sell price is 1s, some people aren’t interested in haggling over a few coppers.
• Worrying about how to wring out every possible copper of profit from every item they ever encounter is not a source of enjoyment for some.
• Some people feel undercutting on sell orders by 1c is dirty pool.
• This is a game that could be unplugged at any time ANet desires. Some people don’t care how much fake money they amass, since it’s fake money that could disappear any time. When the zombie apocalypse strikes, you may start wishing you had a pile of real gold instead of ANet gold.
• The time that you spent earning more fake money could have been spent earning real money.

Don’t take any of this to imply that I think nobody should enjoy playing the market. I just have difficulty with a mindset that seems to think everybody should be playing the market.

I don’t care if you don’t play the market, and neither does anyone in this thread. What people care about is that people don’t play the market and then complain that the TP is dumb and is making them poor. Which is just not true. Their ignorance is making them poor, not the TP.

ZudetGambeous.9573:

I don’t care if you don’t play the market, and neither does anyone in this thread. What people care about is that people don’t play the market and then complain that the TP is dumb and is making them poor. Which is just not true. Their ignorance is making them poor, not the TP.

I’ve reviewed my comments and don’t see any statements that express a personal preference for market use, although you may claim it’s implied. Either way, the OP doesn’t refer to people who don’t play the market but complain about it anyway. It seems quite clear that the OP is merely trying to explain how to maximize profits.

I am also answering a direct question; `Why would you ever click Meet highest buyer after reading this? I’m serious. Please tell me the reason. I want to know.` There are reasons, even if you don’t agree with them.

Eggman.1405:

Omnitek.3876:

Setting your own price: Exactly what the title says. Click match highest seller and lower price 1c below. (tip: if you click the copper field at the top and press down arrow or mouse wheel down, the price will lower by 1c)
Pro: You will sell your item before the 7 already listed and get more money than Option 1.
Con: It takes 3 seconds to change the price.

You cleverly left out a second con. This is also not instant.

Omnitek.3876:

Why would you ever click Meet highest buyer after reading this? I’m serious. Please tell me the reason. I want to know.

You already know why. Mainly, some people are better off getting money now.

If you want other reasons:

• If the buy price is 80c and the sell price is 1s, some people aren’t interested in haggling over a few coppers.
• Worrying about how to wring out every possible copper of profit from every item they ever encounter is not a source of enjoyment for some.
• Some people feel undercutting on sell orders by 1c is dirty pool.
• This is a game that could be unplugged at any time ANet desires. Some people don’t care how much fake money they amass, since it’s fake money that could disappear any time. When the zombie apocalypse strikes, you may start wishing you had a pile of real gold instead of ANet gold.
• The time that you spent earning more fake money could have been spent earning real money.

Don’t take any of this to imply that I think nobody should enjoy playing the market. I just have difficulty with a mindset that seems to think everybody should be playing the market.

If you agree with Eggman’s reasons not to use the TP beyond selling to the highest bidder then you surrender the right to ever complain about flippers earning more because all they are doing is picking up those coppers you and players like you decided to leave on the table because you can’t be bothered.