Trading Post = Stock Market
To add to this, there are built in mechanics that slow down flipping (i.e. TP listing fees). Please understand that if you purchase an item to resell, factor in the fees associated with the sale. I believe it’s about 10% of the value of the item being sold. So any price point above that 10% is pure profit.
To add to this, there are built in mechanics that slow down flipping (i.e. TP listing fees). Please understand that if you purchase an item to resell, factor in the fees associated with the sale. I believe it’s about 10% of the value of the item being sold. So any price point above that 10% is pure profit.
A total of 15%. 10% tax if it is sold, 5% non-refundable listing fee. So think smart about your listing price, and don’t make a constant habit of removing and re-listing or you lose that 5% each time.
To add to this, there are built in mechanics that slow down flipping (i.e. TP listing fees). Please understand that if you purchase an item to resell, factor in the fees associated with the sale. I believe it’s about 10% of the value of the item being sold. So any price point above that 10% is pure profit.
A total of 15%. 10% tax if it is sold, 5% non-refundable listing fee. So think smart about your listing price, and don’t make a constant habit of removing and re-listing or you lose that 5% each time.
Thanks for the follow up. I was just guestimating the percentages.
Correct Mandar!
Seems like we have the same ideas! I just saw your Beginners guide, which is actually an advanced one! I just didn’t want to write the whole story how to, would’ve been a very long story and you scratched with your post the surface of that topic anyway.
Love that one.
Anyhow, good luck fellas.