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[darkvoid725]

The Basics

 

 

 

First, if you don't know what an abbreviation means, check out the Rune Dictionary guide for info on what the most common abbreviations are! And, if you have absolutely no clue what you are doing at the Grand Exchange, check out the Grand Exchange Guide!

 

 

 

Awesome! Now that you know what you are doing (If you didn't before) we can get started!

 

 

 

Let's start off with some basic merchanting rules.

 

 

 

Rule 1: Never Merchant Static-Price Items

 

 

 

Never ever merchant something that's price never increases or decreases! Unless you wish to make no money, of course.

 

 

 

 

 

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Rule 2: Keep Track of What You Buy

 

 

 

Since you will be buying and selling a lot, it is a good idea to have a pencil and a piece of paper to write down what you bought, how many you bought, the cost per unit and the total cost. This way if you forget you will know, to make sure that you don't lose money.

 

 

 

Rule 3: Never Sell For the Maximum Price

 

 

 

Never ever sell for the maximum price! Nobody except desperate people buy things at maximum price. The trick is: A lot of people sell for maximum price, so beat them by selling lower than the maximum price. This way, you will beat everyone selling for maximum price, and it will probably sell faster. But, you can only buy a certain amount of items every four hours, to keep RWT's from Real World Trading"

 

 

 

* 100 Weapons/Armor

 

* 10k Arrows

 

* 10k Food

 

* 100 Jewelry

 

* 10k Feathers

 

* 25k Herbs

 

* 25k Ores

 

* 25k Logs

 

* 25k Runes

 

* 10k Potions

 

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Short-Term Investments

 

 

 

Short Term Investing is exactly how it sounds. You make an "Investment" for the market price or less (market price is best, so you are almost guaranteed to get the item instantly) and then put it back up on the market for a little less than the maximum price.

 

 

 

So for example: Buy an item (not of a high price, so you can buy more) like a rune full helmet or a rune scimitar. Buy 100 (Or the most your money can buy you, don't worry you will be able to buy more later) at the market price, then put it right back up on the market for just below the maximum price. If a rune scimitar's maximum price was 18k, then you would probably want to sell it for 17.5k.

 

 

 

This way, you beat the competition. While that is waiting invest in other things, or log out and do something else. If you invest before you go to bed, that would be good because you can just pick up the money in the morning.

 

 

 

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Long-Term Investments

 

 

 

Long term investing is a little more complicated. You must use the Grand Exchange charts. To get to the GE Database, Go to the RuneScape homepage and click Game Guide and then Grand Exchange. Once there it is recommended that you choose an item that is decreasing by using the charts on the Grand Exchange. Or you can choose an item that you think is going to go up due to a future update.

 

 

 

Currently (Jan. 2009), rune armor is about 140-160k for a set. Due to PvP worlds where you can pk anywhere, rune armor sets are likely to increase in price, because you lose all of your items. So I invested in 15 sets, and now I wait until at least one of the updates comes out. This isn't the best way to do it, but if you have evidence that a price will rise soon, jump right on it! This isn't the "Right Way" to do it, but it can be very profitable.

 

 

 

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"Dangerous" Merchanting

 

 

 

Now that you are rich you can either enjoy being rich, buy a bunch of rares or great armor to kill people with in Bounty Hunter... or you could double the danger and use "Dangerous" Merchanting. Why is it called "Dangerous" Merchanting? Because it is dangerous. In this kind of merchanting, you will either lose a lot of your money or make a lot more money. Remember this is only if you are a pro at reading and understanding the charts and how prices move.

 

 

 

Dangerous investing is simple. Invest in a high price item that's price is going down. Say that a Bandos God Sword's price fell to about 25 million. This is when you would buy one (only one - if you lose your money, it's your own fault!) and then wait for the price to go back up. Since the item is worth more than other items, it will take longer to go back up. Now this is where it gets dangerous. As the price goes back up:

 

 

 

1. People may lose interest in the item.

 

2. People may want to buy it for the minimum price.

 

3. People may just not want the item anymore, and buy a better item.

 

 

 

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Set Merchanting

 

 

 

Set merchanting is an interesting concept indeed, though it is very profitable. Set merchanting sounds complicated, but in execution is very simple. If you were to go to the Grand Exchange and buy all the pieces of a rune armor set individually, put them into a set and sell them for market price, provided the buyer isn't purchasing for more, you will make no money. But if you go to the Grand Exchange and buy each piece of a rune armor set for a little less than the market price, put them into a set (to make profit and to avoid four hour trade limit) and sell for the market price you would make a profit.

 

 

 

For example, suppose the following items were on the market:

 

 

 

* Rune Full Helmet: 23,000gp

 

* Rune Platebody: 54,000

 

* Rune Kiteshield: 43,000

 

* Rune Platelegs: 46,000

 

 

 

If you were to buy each for 500gp less than the market price, put it into a set and sell it for the market price, you would make a 2,000gp profit:

 

 

 

4 items * ( Market Price - 500gp ) = 2,000gp

 

 

 

Now if you were to buy 5 sets of rune armor, you would make 10,000gp, as a 2,000gp profit per 1 set X 5 = 10,000gp profit. All you have to do is buy 5 of each item for lower than the market price. Do not buy for the minimum price, as nobody sells for minimum price. For the higher priced items like the Rune Platebody, try buying for 52,000. For the Rune Kiteshield try buying for 42,500. It isn't that complicated. Just make sure that you don't buy each piece for the market price, or you wont' make a profit!

 

 

 

Note: Remember, these prices may not be accurate - this is only an example! Check the Grand Exchange for the latest price info.

 

 

 

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Conclusion

 

 

 

Well that is about all there is too it! Don't buy items that's prices don't change, don't buy for minimum price when short term or long term investing, and don't sell for the maximum price when selling something. When you get enough money to "Dangerous" Merchant go for it! I hope this guide has helped you make money.

 

 

 

Happy Money Making!

[dippymister]

This should go in general guides.

[darkvoid725]

opps, lol.

[darkvoid725]

lock this plz.

[Necromagus]

Locked on request.

 

 

 

-Necromagus, Tip.It Mod