Free Runescape Money Making Guide
OK I figured that since there are already quite a few
Runescape money making
guides out there that are charging people to read
essentially what should I feel should be free knowledge to
Runescape players I felt I should write a quick, easy and
free Runescape money making
guide after I read one of the money making guides
that people are actually charging for the other day.
Basics Tips for Making Money in Runescape
OK I will keep to the general theme of merchanting
to make money in Runescape.
If you don’t know what merchanting is then a quick
explanation is you are the middleman between buyers and
sellers. How do you make
money out of being the middleman? Essentially you buy
low and you sell high, buy in small quantities and sell in
high quantities. Why sell in high quantities? Well in a
nutshell the reason you can charge a higher price for items
in large quantities (assuming there is demand for large
quantities of that item) is because there are people out
there that would prefer to pay a bit extra for Runescape
items rather than waste what can be hours looking for loads
of different sellers of the item. So essentially you are
making your money because you’re providing people the
convenience of selling in bulk. Now unfortunately much like
in real life takes money to make money in Runescape with
merchanting. Why? Because the basic premise of merchanting
really requires you to be able to stock up on items and when
your money is invested in items you can’t take advantage of
other good offers that might be going on, and often some
items take awhile to sell, especially if you are looking for
a good price and this means that your money will be tied up
in these items for quite awhile and if you money is tied up
that means that you ability to merchant is effective no
existent. That said a good merchant really tried to merchant
items that they can buy and sell quickly so that they don’t
get caught in this very trap.
Runescape Money Making Tips
Now when it comes to making money in Runescape via
merchanting here are a few tips you could use to help
make more money:
Be Patient: Wait for the right price when both
buying and selling.
Keep Cash on Hand: You never know when a good deal is
going to pop up out of the blue.
Calculator: You will be making lots of trades and a
calculator also helps for quickly working out prices.
Poor Investments: A merchant requires money at all
times so you shouldn’t
invest your money in personal items or long term
investments unless you have enough money to continue
merchanting.
Become a Member: Members of Runescape are generally
more willing to pay higher prices for items because they
generally get better returns from their items, so being
able to sell to members and to merchant members items
helps.
Start Small but Build Big: Start out with a couple
of items that you are familiar with and over time build
your contacts and slowly expand into other industries.
When it comes to merchanting being a jack of all trades
doesn’t help.
Focus: When you focus on one or two industries you
can build a lot more contacts in terms of buyers and
sellers and you will be able to move your products faster
and in higher quantities and you will make more money.
Be Firm on your Prices: You should know the high
and low prices of items your trade in; stick to them, if
people really want to sell or buy they will buy or sell at
your price.
Free Runescape Money Making Guide – Money
Making Business
This is probably the most important part of this free
Runescape money making guide. Now it is one thing to buy low
and sell high but good deals are not always going to come
your way and where you can make the real money is setting up
somewhat of a Runescape business, and by this I mean rather
than making one off trades with other Runescape players you
should attempt to setup ongoing supply of items at the cheap
prices and then you should try and build contacts with
people that looking to permanently buy larger quantities of
these materials. So essentially what you do is start
building relationships with the players that are willing to
supply you raw materials for cheap prices whilst building
relationships with permanent buyers. As the old saying goes
in business, it’s not what you know, it is who you know,
this is true in Runescape money making as well. So keep in
contact with your buyers and sellers, this way you can
continue to make money from people that you know rather than
having to seek out new deals all the time. Then with time
you will build your list of contacts and names, and these
become your business contacts. You should also probably keep
a list of contacts that written down in a notepad as well
for different buyers and sellers for different items so that
you can continue to build this list of contacts and remember
who buys what and at how much for so when you run out of
friend spaces in Runescape you can continue to add new
contacts to your business
contacts list. You should keep this list in a safe
place as well and try to keep it up to date and accurate
because at the end of the day this will soon become an
extremely valuable list of contacts, something you
definitely don’t want to lose or slip into the wrong hands
either.
Anyway that is my brief but free Runescape money making
guide on how to become a Runescape merchant I hope you
enjoyed it.
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