Guild Wars 2

If you are new, or even if your not, you may find some helpful tips about the BLTC here.

Many people who play the game have a basic understanding of how to use the BLTC, the broker, the trading post, whatever your comfortable with calling it. Its actual full name is the Black Lion Trading Company. You can find NPC’s in most major cities and sometimes outside who will allow you to pickup your items or funds from the BLTC. You can however sell your items from anywhere in the game, thus alleviating the need to go to the NPC every time you want to make a transaction (other than collection).

You may have seen these NPC’s in game they all have this icon above their head:
http://i1334.photobucket.com/albums/w654/Geotherma/gw091_zpsad9c1ead.jpg

Now that you know what the BLTC is and where to find it, there are some other basic links that can help you on your way:

http://wiki.guildwars2.com/wiki/Black_Lion_Trading_Company
The above link will explain in detail about the BLTC and its many uses.

http://www.gw2spidy.com/
The above link can be used to watch prices and changes within the economy of GW2.

Now for the important part~

When using the BLTC remember to make sure that you check the 2 very important values of the item you are selling:

Meet highest buyer: This person is generally buying large amounts of this item, but usually at a lower price. You want to make sure that you do this is a last option as it could potentially lose you a large some of money over time. Sometimes it will be blatently obvious-
http://i1334.photobucket.com/albums/w654/Geotherma/gw088_zpse5067c03.jpg

Sometimes it will be close to the other price, which brings me to the 2nd option.

Match Lowest seller: This person is selling the item at the lowest price. You can sell your item at this price which is usually higher than the buy orders (as they are looking to get cheaper items), or you can sell in between the two.

You could sell the item lower than the lowest seller, but higher than the highest buy order. Thus making sure you are getting at least most of your money. Some items share a very small gap, maybe only a few copper, these items usually are a steady flow and thus lack the flipping potential of other items.

Flipping is the process of buying low and selling high, much like a stock market. Buyers buy bulk of items at low cost, and either resell or wait for the market to fluctuate to make a profit. Now there is nothing wrong with this, but if you do not want to feed them your hard earned gold, remember the two types of selling I listed above.

Over time you will learn what sells well, and be excited to see certain items drop. Pay close attention to the buy and sell orders to be sure you are making the profit you seek. There is nothing wrong with selling your loot to the highest buyer at a small loss, just keep in mind that technically you are losing money. Also remember there are fees for selling, so you in turn get even less.

One final note on using the BLTC. To maximize profits and efficiency you can check the price of the item at the NPC to see if you would make more from selling directly (no fees), or if you would benefit from selling to the BLTC. Time to time certain items like themed items will be in demand, take advantage of those events and gather items that you can use or save for later. Don’t forget to salvage any item that says salvageable with the appropriate tools. And remember to open loot bags, as you often make much more from opening them than selling them.

Good luck on your adventures and I hope this helped with some basics about the BLTC.

PS for those interesting in how I salvage or sell my loot my personal style-
Sell to NPC whites,blues,greens.
Salvage salvageable with a basic salvage kit.
Salvage Rares with a Master or Black Lion kit. Master is fine if you don’t have BL kits.
Sell exotics directly.

Your personal style may differ, this is just the way I play.

Salvaging rares with a black lion kit isn’t a very good idea. Exotics can sometimes generate more by salvaging with a Black Lion kit if the rune/sigil is worth the same or more, as the sell price for the exotic as you can get ectos as well.

Well done Geo. +1

/Cheers

Florgknight.1589:

Salvaging rares with a black lion kit isn’t a very good idea. Exotics can sometimes generate more by salvaging with a Black Lion kit if the rune/sigil is worth the same or more, as the sell price for the exotic as you can get ectos as well.

https://forum-en.gw2archive.eu/forum/game/bltc/BL-S-Kits-vs-Master-Kits-Results-Ectos/first

The problem with salvaging exotics is that you can also get 0 ectos, instead of 1-5g. But again some people like to do things differently, the way I wrote is just my personal way. But its true you can also come out ahead if you are lucky or it has a good vigil or rune.

Good work geotherma!

I salvage all whites, sometimes get oris or gossamer and throw greens in MF for rares. Imo is a good invesment.

Never read such a superficial guide about BLTC.
How can you write hundreds of rows with useless advices and explanation and not mention even once on it, about the taxes ?

Some of your advices are completely wrong.

Sell to NPC whites,blues,greens.
Salvage salvageable with a basic salvage kit.

About which kit to use … you are wrong. About what to salvage – you are 75% wrong too.
With the current prices of elder wood, mithril, silk and thick leather it is profitable to salvage some items, while it is profitable not to salvage, but sell salvage items. Once you realize which items you have to salvage, which you can sell on TP with profit, you will be able to sell the rest to the NPC with just a look. You will have to do your research and calculation by yourself as i did.

Basic kits (and this has been tested) yields the same items from salvageables as master kits. It’s a waste to use master kits on just about anything but rares and some high level greens. In most cases, it’s just as profitable to sell blues and greens than it is to salvage them. Mithril, Elder wood, thick leather and silk sell for more and faster to the vendor.

SET.3275:

Never read such a superficial guide about BLTC.
How can you write hundreds of rows with useless advices and explanation and not mention even once on it, about the taxes ?

Some of your advices are completely wrong.

Sell to NPC whites,blues,greens.
Salvage salvageable with a basic salvage kit.

About which kit to use … you are wrong. About what to salvage – you are 75% wrong too.
With the current prices of elder wood, mithril, silk and thick leather it is profitable to salvage some items, while it is profitable not to salvage, but sell salvage items. Once you realize which items you have to salvage, which you can sell on TP with profit, you will be able to sell the rest to the NPC with just a look. You will have to do your research and calculation by yourself as i did.

Your post made me laugh pretty hard lol. You sound angry, did you have a bad nap? Seriously…

“Also remember there are fees for selling, so you in turn get even less.”
^ taxes/fees, also linked the BLTC wiki page for more info.

Sell to NPC whites,blues,greens.
Salvage salvageable with a basic salvage kit.

^ Was MY PERSONAL WAY. Lol, but gg on reading skills.

“About which kit to use … you are wrong. About what to salvage – you are 75% wrong too.”

PS for those interesting in how ((((I)))) salvage or sell my loot my personal style-

Aain, I stated MY preferences, as for rares I already have linked the page that shows the statistics. as for your basic kits being the same as master kits lol.. I almost fell off my chair :P So thanks for that.

And your last statement, I clearly wrote that you should do research and see what will make you the most by comparing and experience. Way to not read any of the post.

I’ve also done the research on salvageable items and selling to bltc, people who want to make money buy from those who sell salvageables or bags for low prices on broker. They then buy these and open and make profit (depending on the sale price and rng). So telling people to sell salvage items is ridiculous, its a way to line your pockets. I knew this guide would annoy some people who prey on those who don’t understand the value of things. The exact reason i made this guide

munkiman.3068:

Basic kits (and this has been tested) yields the same items from salvageables as master kits. It’s a waste to use master kits on just about anything but rares and some high level greens. In most cases, it’s just as profitable to sell blues and greens than it is to salvage them. Mithril, Elder wood, thick leather and silk sell for more and faster to the vendor.

I’d love to see the testing on this, as the wiki states otherwise. But again, I stated my preference, in fact i stated that I was stating that I would state my preference….

People really love to derail threads with garbage and arguments. Was a basic guide on the BLTC with links to credible information. Seriously people, move your trolling elsewhere.

ExaDal.2017:

Good work geotherma!

I salvage all whites, sometimes get oris or gossamer and throw greens in MF for rares. Imo is a good invesment.

Nothen wrong with salvaging the lower gears for mats, I prefer the set silver, but its just as possible to make more if your lucky and do it the other way too.

Geotherma.2395:

munkiman.3068:

Basic kits (and this has been tested) yields the same items from salvageables as master kits. It’s a waste to use master kits on just about anything but rares and some high level greens. In most cases, it’s just as profitable to sell blues and greens than it is to salvage them. Mithril, Elder wood, thick leather and silk sell for more and faster to the vendor.

I’d love to see the testing on this, as the wiki states otherwise. But again, I stated my preference, in fact i stated that I was stating that I would state my preference….

I’m talking about rags and torn garments and such. Not weapons or armor. I was actually posting against what the person before me stated, in that you were wrong. Right now it’s almost not worth even bothering to salvage anything less than rare, unless you’re leveling a crafting profession. But, you already stated that in so many words.

My personal “style” include salvaging precursors and vendoring exotics, but i will never write a guide about it, since it doesnt help new players get money with it.
I will give you few basic tips, as example where do you mistake:
Tip1. Hard leather strap have vendor price of 25c. It always produce 1-3 thick leathers or 1-3 hardened leathers. Last few months, the leather price on TP is the same as the vendor one. Same thing about “rawhide” gear.
Conclusion – it is profitable just to vendor hard leather straps and rawhide gear, than to salvage it or sell to the TP.
Tip2. The TP price of green greatswords lvl 74+ is significantly higher than it vendor price. After you pay the taxes you will still get 2-3s more than if you sell it to the vendor. The GS prices are always above 4s. Your rule and explanation about lowest sell price is hardly manipulated by GS buyers (actually many more items is manipulated ), so dont even consider the current price.
Conclusion: Sell the green greatswords to TP at ~4.50s. There is similar situation with few more green items.
Tip3. There is 20 types of blue weapons, DO YOUR 1000+ SALVAGES!

……. I can put here 100 more tips, but i dont feel i like it.

One last tip: Some of the kits you can buy with karma.

SET.3275:

My personal “style” include salvaging precursors and vendoring exotics, but i will never write a guide about it, since it doesnt help new players get money with it.
I will give you few basic tips, as example where do you mistake:
Tip1. Hard leather strap have vendor price of 25c. It always produce 1-3 thick leathers or 1-3 hardened leathers. Last few months, the leather price on TP is the same as the vendor one. Same thing about “rawhide” gear.
Conclusion – it is profitable just to vendor hard leather straps and rawhide gear, than to salvage it or sell to the TP.
Tip2. The TP price of green greatswords lvl 74+ is significantly higher than it vendor price. After you pay the taxes you will still get 2-3s more than if you sell it to the vendor. The GS prices are always above 4s. Your rule and explanation about lowest sell price is hardly manipulated by GS buyers (actually many more items is manipulated ), so dont even consider the current price.
Conclusion: Sell the green greatswords to TP at ~4.50s. There is similar situation with few more green items.
Tip3. There is 20 types of blue weapons, DO YOUR 1000+ SALVAGES!

……. I can put here 100 more tips, but i dont feel i like it.

One last tip: Some of the kits you can buy with karma.

The picture below shows what I’m talking about. Some armor isn’t even listed, and those selling are just above NPC price. Others that net you a few copper difference, actually don’t because of the cost to sell them. This is why I NPC almost all green,blue, white. Yes some gear is worth more, but that is why I mentioned to compare the prices.

Edit-
Now I just did the math on how much I would make NPCing those armors/weapons.
Which came to 8silver and 2 copper
Salvaging them on the other hand netted me only 3s 49c before tax.

As for "My personal “style” include salvaging precursors and vendoring exotics, but i will never write a guide about it, since it doesnt help new players get money with it. "

(My) personal style nets me more than per hour any player I’ve met in game, and has gotten me a ton of hate mail because others can’t seem to make money. Which is why I posted how I play. Not everyone has to play like me, and those are just my suggestions. But people have to do the research to find what is best for everything as the economy often changes.

And btw the materials and items listed were the result of one 4 minute run on orr event.

I somehow missed replying to "Conclusion – it is profitable just to vendor hard leather straps and rawhide gear, than to salvage it or sell to the TP. "

But I do sell my silk scraps or hard leather to NPC because the BLTC is usually less profit. But I don’t think where you stated “it is the same price on vendor” is correct. I could be wrong but I think you have to sell above vendor price, or maybe it is AT OR Higher. I haven’t really checked, so if I’m wrong np :P

“Tip2. The TP price of green greatswords lvl 74+ is significantly higher than it vendor price. After you pay the taxes you will still get 2-3s more than if you sell it to the vendor. The GS prices are always above 4s. Your rule and explanation about lowest sell price is hardly manipulated by GS buyers (actually many more items is manipulated ), so dont even consider the current price.”

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

SET.3275:

My personal “style” include salvaging precursors and vendoring exotics,

Wait a minute. You salvage precursors and vendor exotics?

Either your trolling or attempting sarcasm. Either way, both failed.

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Biohazard.4196:

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Even easier, when you go to sell it, it’ll tell you it can’t be listed for under vendor value anyway. No research involved.

Biohazard.4196:

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Yes you are right, you an hover and see the NPC price. The reason I took the pics though was just for comparison. While it is true it takes little effort to find the best savings, often times people are just in a hurry and may be missing the fact they are tossing away money one way or another.

munkiman.3068:

Biohazard.4196:

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Even easier, when you go to sell it, it’ll tell you it can’t be listed for under vendor value anyway. No research involved.

I wouldn’t say “no” research. As you can often see something that looks like you would make more on TP but lack taking into consideration the fees associated. So while “research” may have been the wrong word, perhaps saying “attention to detail” would also work.

Geotherma.2395:

munkiman.3068:

Biohazard.4196:

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Even easier, when you go to sell it, it’ll tell you it can’t be listed for under vendor value anyway. No research involved.

I wouldn’t say “no” research. As you can often see something that looks like you would make more on TP but lack taking into consideration the fees associated. So while “research” may have been the wrong word, perhaps saying “attention to detail” would also work.

The TP will not let you sell an item below projected profit which includes all transaction fees. Meaning you cannot post something at a loss, when it can be vendored for more.

munkiman.3068:

Geotherma.2395:

munkiman.3068:

Biohazard.4196:

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Even easier, when you go to sell it, it’ll tell you it can’t be listed for under vendor value anyway. No research involved.

I wouldn’t say “no” research. As you can often see something that looks like you would make more on TP but lack taking into consideration the fees associated. So while “research” may have been the wrong word, perhaps saying “attention to detail” would also work.

The TP will not let you sell an item below projected profit which includes all transaction fees. Meaning you cannot post something at a loss, when it can be vendored for more.

Correct you cannot post for less than vendor. But you CAN post for a loss. If you sell for 1c above NPC you are losing money through fees.

Geotherma.2395:

munkiman.3068:

Geotherma.2395:

munkiman.3068:

Biohazard.4196:

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Even easier, when you go to sell it, it’ll tell you it can’t be listed for under vendor value anyway. No research involved.

I wouldn’t say “no” research. As you can often see something that looks like you would make more on TP but lack taking into consideration the fees associated. So while “research” may have been the wrong word, perhaps saying “attention to detail” would also work.

The TP will not let you sell an item below projected profit which includes all transaction fees. Meaning you cannot post something at a loss, when it can be vendored for more.

Correct you cannot post for less than vendor. But you CAN post for a loss. If you sell for 1c above NPC you are losing money through fees.

Actually no, you’d be earning one copper. The projected profit INCLUDES ALL fees. The TP doesn’t allow you to list an item that vendors for less than the projected profit.

munkiman.3068:

Geotherma.2395:

munkiman.3068:

Geotherma.2395:

munkiman.3068:

Biohazard.4196:

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Even easier, when you go to sell it, it’ll tell you it can’t be listed for under vendor value anyway. No research involved.

I wouldn’t say “no” research. As you can often see something that looks like you would make more on TP but lack taking into consideration the fees associated. So while “research” may have been the wrong word, perhaps saying “attention to detail” would also work.

The TP will not let you sell an item below projected profit which includes all transaction fees. Meaning you cannot post something at a loss, when it can be vendored for more.

Correct you cannot post for less than vendor. But you CAN post for a loss. If you sell for 1c above NPC you are losing money through fees.

Actually no, you’d be earning one copper. The projected profit INCLUDES ALL fees. The TP doesn’t allow you to list an item that vendors for less than the projected profit.

I’m not sure if I’m understanding what your saying, could be my fault lol. You can’t sell something for a unit price that is the same price as vendor. You can sell an item for 1c above the vendor price, but will be making less than vendor price.

Ex. You try and sell Apprentice gloves for 29c(same price as vendor), and you get an error “must be higher than vendor price.”

You sell for 30c(1c above vendor price), and you get 27c projected profit. Which is 2c below vendor price of 29c. Hence, selling just above vendor price can actually lose you money even below what you could have gotten from vendor.

“The projected profit INCLUDES ALL fees.”

“A non-refundable listing fee of 5% (minimum 1 ); this is paid when you post and is not returned if you remove the order.
A 10% tax on successful sales; this is deducted from the amount available at pickup.
Although both fees are listed in the trading panel, the “projected profit” only deducts the sales tax, i.e. only the 10% sales tax.
For example, if you offer an item for 1s , the panel will show a projected profit of 90c and a listing fee of 5c , which means you will end up with 85c net profit, if and when the item sells."

Ha, yeah you’re right, but why would anyone do that? I guess i was confused as to why someone wouldn’t actually look at the vendor value. As your picture clearly shows it take like a second to see. Sorry i was being to liberal with my wording.

munkiman.3068:

Ha, yeah you’re right, but why would anyone do that? I guess i was confused as to why someone wouldn’t actually look at the vendor value. As your picture clearly shows it take like a second to see. Sorry i was being to liberal with my wording.

:P
I think most do it just because they are in a hurry, click sell/sell, and before they know it they sold to the highest buyer for 1c above the vendor price. I just mentioned this aspect, because I know people who had no idea you could actually do that lol. But like you said it only takes a second to look, and I changed my wording from research to “attention to detail” heh.

I myself have done it a few times… on accident of course, but sold for maybe 1s (to the highest buy order)something that the lowest sell order was like 4/5s lol… And the 1s was just above the vendor price(just as an example).

For the questions earlier in the comments for the difference between BLSK salvages and MSK salvages, here was a confidence interval I calculated back on Geo’s statistics post about the two:

Arganthium.5638:

Here’s additional information:

Difference between average numbers of ectos produced by MLKs and BLSKs.
Confidence Level: 95%
Interval:(.17386, .53614)

Anyways, Geo: major respect for you! First it was the statistics, now it’s this… Keep up the good work, please. Thank you for all of this!

munkiman.3068:

Geotherma.2395:

munkiman.3068:

Geotherma.2395:

munkiman.3068:

Biohazard.4196:

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Even easier, when you go to sell it, it’ll tell you it can’t be listed for under vendor value anyway. No research involved.

I wouldn’t say “no” research. As you can often see something that looks like you would make more on TP but lack taking into consideration the fees associated. So while “research” may have been the wrong word, perhaps saying “attention to detail” would also work.

The TP will not let you sell an item below projected profit which includes all transaction fees. Meaning you cannot post something at a loss, when it can be vendored for more.

Correct you cannot post for less than vendor. But you CAN post for a loss. If you sell for 1c above NPC you are losing money through fees.

Actually no, you’d be earning one copper. The projected profit INCLUDES ALL fees. The TP doesn’t allow you to list an item that vendors for less than the projected profit.

No you are not. Open your eyes and look. Pick something like Tier 5 gemstones that you can sell to a vendor at 1s10c yet the TP lets you post them at 1s11c. 5c listing fee with a projected profit of 99c (-10% of 1s10c). So that’s an actual profit of 94c Vs 110c.

Edit: Oops, 6 hours late to this argument.

Behellagh.1468:

munkiman.3068:

Geotherma.2395:

munkiman.3068:

Geotherma.2395:

munkiman.3068:

Biohazard.4196:

Geotherma.2395:

This part is VERY specific, and definitely not always true. Again, like I stated before and showed in the pic, people have to do research. Because it will not always be like this. So it isn’t really one sided, there are far more examples of both instances being true, so its best to always check if you want to be the most efficient and profitable.

Isn’t it extremely easy to check, though? Can you not just hover over the picture of the item in question to see its vendor value? It seems as if this “research” takes nearly zero effort or time.

Even easier, when you go to sell it, it’ll tell you it can’t be listed for under vendor value anyway. No research involved.

I wouldn’t say “no” research. As you can often see something that looks like you would make more on TP but lack taking into consideration the fees associated. So while “research” may have been the wrong word, perhaps saying “attention to detail” would also work.

The TP will not let you sell an item below projected profit which includes all transaction fees. Meaning you cannot post something at a loss, when it can be vendored for more.

Correct you cannot post for less than vendor. But you CAN post for a loss. If you sell for 1c above NPC you are losing money through fees.

Actually no, you’d be earning one copper. The projected profit INCLUDES ALL fees. The TP doesn’t allow you to list an item that vendors for less than the projected profit.

No you are not. Open your eyes and look. Pick something like Tier 5 gemstones that you can sell to a vendor at 1s10c yet the TP lets you post them at 1s11c. 5c listing fee with a projected profit of 99c (-10% of 1s10c). So that’s an actual profit of 94c Vs 110c.

Edit: Oops, 6 hours late to this argument.

lmao