Guild Wars 2

I’ve made about 300g from doing dungeons and some small-time flips, but I want to learn how to make some real money since I need to buy the Spark now ;_;
You guys got any tips? I try to look around for items, but without risking my profit, I only see a few silver of profit per stack. I don’t see how people are making hundreds per day unless they played literally 24/7. I’m probably just doing this all wrong.

we make this money cause we invested alooot of our time (4-5 hours per day since release for me) in the tp and cause we dont tell anyone how to do it – thats the secret^^

wait for the creditcard heros here in forum who buy there gold – they will tell you how to play the tp (they are the loudest with tips you will not miss them^^)

Buy Low Sell High, for example look on this website what items you can buy for low amount of gold and sell high(http://www.gw2tp.com/). Also this site may come useful too(http://tpcalc.com/). However, dont expect to gain any significant profit just by using that site and blindly following it(like buying/selling whatever item is profitable). That wont work, you will need to know how to read the data provided to you plus a little bit of research on item before you start flipping it. Also, this site may help you a bit to get started too(http://blacklionsprofit.com/guild-wars-2-gold-guide/).

Romek.4201:

we make this money cause we invested alooot of our time (4-5 hours per day since release for me) in the tp and cause we dont tell anyone how to do it – thats the secret^^

wait for the creditcard heros here in forum who buy there gold – they will tell you how to play the tp (they are the loudest with tips you will not miss them^^)

You’re right that nobody will teach him how to flip “for profit”, its something he will have to figure out himself. But tutorials explaining basics on how to earn money on TP are widely available and not secret at all.

The way of the flip. Mmm. There is such a way.

When you play new content, you will see that temporarily, a lot of items X, Y and Z are generated with that new content. You know that most likely, this will not continue and supply will drop and prices will rise afterwards. Take for example the back skins from the gauntlet content. All the catcher and rose skins, zephyr backpack and even the lyssa recipes doubled in price within 2 weeks.

Another example. When you see the black lion company do something, think about what it will mean for TP prices. If people buy more keys – because they are on sale – what will that do? Minis from black lion chests plummeting? Check. Mystery tonics plummeting? Check. By looking at gw2tp.com you will see that this always happens during a key sale, but that after the key sale the prices recover.

In other words: buy low, sell high. And realize by playing content what it does for TP prices, and anticipate. It’s really not that hard.

Indeed, what buttercup said. I hate to quote this, but: Supply and Demand, that is the very basic. What you do is you find a site like gw2tp.com and use the processed data there to make your decisions off of. Or, you build your own data processing program and get data from APIs connected to the tradepost.

For example I have a spreadsheet which tells me what the median profit of an item is, its demand supply ratio, current market prices, amount of bids and sells within 15% of at market price, median vs. current price, and some other indicators + rate of change of many of these.

I.e I can get a good idea of where prices are moving, their velocity, probability of me acquiring them at a certain price and probability of selling them at a certain price.

Setting up such a spreadsheet or program takes time and skill, but it’s not impossible.

Finally, rumors and news are very important as it can tell you what the sentiment of the participants will be going forward.