Guild Wars 2

So I was looking for guides and hints to make coin and I read that buying items then selling them or something or other is a great way to make money. So is trading post flipping a viable option to make coin? and how do you exactly go about doing it?

I’m going to try and do a simple math equation that will hopefully answer your question. I’m only going to look at what price you’d have to list an item for that you bought on the Trading Post in order to break even.

Variables:
T = Taxes (Listing Fee [5%] & Item Sold Fee [10%]) = 15% or .15
P = Purchase Price of the Item = 1s = 100c
S = Sell Price to break even = unknown

Equation:
The Sell Price is the amount you have to list it for, minus the Taxes, in order to break even and have it return your original Purchase Price.

S * (.85) = P

Solve for S

S = P / .85
S = 100 / .85
S = 117.647059 = 118

You would need to list your item for 118c (1s18c) in order to break even and receive your initial 100c (1s00c) back. If you list your item for more than 118c and it sells, you will make a profit on that item.

Buy low and sell high. Works well if you know what you’re doing.

No I mean specifics, I know there are various functions to buying and selling like meet highest buyer and meet lowest seller and stuff. Thats what I don’t really get about flipping. I get the idea that you need to buy low and sell high but there are various option for selling and buying and thats whats confusing me.

Side note any good items that are generally decent for this practice.

https://forum-en.gw2archive.eu/forum/game/bltc/The-TP-Trader-Guide-for-Beginners

I think it’s the 15% fee that confuses me the most. Someone somewhere mentioned that you only need to make 5% to break even, but I’d like confirmation.

No, you need the 15%. For example, if you buy sth for 1s, you need to sell it for an amount X silver, where X is (in this example): 1s(the money you spent on the item) divided by 85, and then multiplied by 100: (1s/85)*100 = X. If you list the item for X on the TP, you break even. Keep in mind, TP fees are mathematically rounded (1.004 rounded down to 1.0, 1.005 rounded up to 1.001).

edit: you need to divide by 85, because if you list an item for X silver, you will recieve 85% of X as profit from the TP. Following the formula, you take the 1s as those 85% you want to recieve at least; dividing by 85 gives you 1% of the listing price neccesary to break even. *100 = X, break even.

I hope this explanation was good enough ;-).

or you could just use this

http://www.guildwarstrade.com/calculator

DeathenShada.6397:

No I mean specifics, I know there are various functions to buying and selling like meet highest buyer and meet lowest seller and stuff. Thats what I don’t really get about flipping. I get the idea that you need to buy low and sell high but there are various option for selling and buying and thats whats confusing me.

Side note any good items that are generally decent for this practice.

Gonna be honest here, if you’re not willing to do the research yourself, this isn’t going to work for you. If someone has information on a good flip, sharing it means having to compete and then it’s not a good flip anymore. This is not a venture for the lazy.

It’s probably the best way to get money, unless you think yourself incredibly lucky.

The 15% is taken out of the money you get from selling something. 5% is taken to list the item, then 10% is taken when it is sold. Therefore you have the option to list something and remove it, with only 5% being taken.

The basics like somebody said is buy high/sell low. If you know what items to look for, you can find items that have a buy order at 85% or lower the cost of the sell order. Therefore say you buy 100 items for 30 copper, then you relist them for 50 copper. If you sell them all then you make a profit of 12.5 copper (not 20 because of the fees) per item, or 12.5 silver total.

The other idea is if you know when things fluctuate. Before the huge bot ban unID dyes were selling for say 4 silver. After the ban they are going for 14 silver. If you would have bought and stored 250 dyes at 4 silver, then sold them after the ban at 14 silver, you would have a total profit of 1975 silver, or 19.75 gold.

Another scenario is if you can craft an exotic or legendary that is worth more than the components. Say an exotic dagger sells for 5 gold, but the materials cost 4 gold on the TP. Although the scenario is unlikely due to low profitability from crafting, you would have made 25 silver.

Finally you have the luck + TP purchasing. You can buy 4 rares and through them in the MF hoping to get an exotic. You can buy 4 masterwork dyes and put them in the MF hoping to get a rare (or 4 low cost rares hoping to get an abyss/midnight). You can buy cheap rares and salvage to get ectos, or you can buy cheap crafting materials, make rares, and salvage to get ectos, which you in turn sell.

If you need more explanation then this then you probably don’t have the drive/desire to make this work for you, much like leablo said.

Thanky thanky for all the helpful replies