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 Post subject: Silver Bullet Myth, or "Why won't you tell me what to sell?"
PostPosted: Fri Jul 29, 2011 10:10 am  
Scout

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Joined: Fri Jul 29, 2011 10:01 am
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A lot of people new to Goldmaking want a 'Silver bullet', an item they can sell and get rich. The problem is, there is no silver bullet, and heres why:
    Cost of mats is different on each server
    price items sell for is different on each server
    number of people competing on a given market is different on each server

Now the reason these are so important is simple: an item that is profitable for me, that costs me 75g to make and sells for 100g, might cost you 120g and sell for 90g. And if only 7 of something sell in a day, and theres 11 people posting it, you won't make money.

So most of the posts you find here, are telling you HOW to find your silver bullet, how to FIND the items you want to sell. And yes, you will have to find it yourself. What works for me will probably not work for you. I'm not trying to 'save the good stuff for myself'. I'm telling you that you need to find your own niche market. Your niche market will need to fulfill the following criterion:
    It costs you less to make/buy than it sells for
    There is demand for the item
    There are not already too many people selling the item

There are a lot of suggested markets, things that have worked for others that you might try. Markets that are not well served on most servers. Markets with high enough demand to support multiple suppliers. But in the end you will need to see if these things work on your server.

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Infamous Lurker, now sitting at 350,000g. Still working on my first goldcap.


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 Post subject: Re: Silver Bullet Myth, or "Why won't you tell me what to sell?"
PostPosted: Sun Jul 31, 2011 3:05 pm  
Centurion

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Bah! There are silver bullets.

and for 4 monthly payments of only $40 you too can have the secret silver bullet.... blah blah ;)

No, but seriously, the silver bullet is really this simple.... and it works on each and every server... It even works in real life.... Ready for it? Sell lots of items you make a profit on.

Am I going to tell you what those items are?

Sure... for 4 monthly payments.... of.... It depends on your competition, your situation, your costs, your selling prices, what professions you have, how lazy you are etc. etc.... ahem... I mean, depends on your server....

With gold, you can either be lucky or you can work hard for it.

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 Post subject: Re: Silver Bullet Myth, or "Why won't you tell me what to sell?"
PostPosted: Sun Jul 31, 2011 10:50 pm  
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Champion

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All this talk about "Silver Bullets" is making me kind of nervous.

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The Auction House is a tempermental lady. A hot selling-market is a rare, beautiful, untamable beast that needs to be saddled and ridden as hard and as long as you can, for as long as she lets you.

2k-02/2009 1000k-Dec 22, 2009

© Whitewolf 2009-11


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 Post subject: Re: Silver Bullet Myth, or "Why won't you tell me what to sell?"
PostPosted: Mon Aug 01, 2011 8:08 am  
Sergeant

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Joined: Tue Jul 27, 2010 12:34 am
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Whitewolf wrote:
All this talk about "Silver Bullets" is making me kind of nervous.

WHITEWOLF IS A VAMPIRE! :shock:


Back on topic: The silver bullet is not a direct answer, its the strategy. And for those playing at home, this is the strategy:

A = How much does something cost you to aquire/make?
B = How much are people willing to pay for the item?
If B > A, then you will make a profit*!

A and B can be anything you want, work it out! When someone says "OMG EVERYONE THIS IS A WINNER, DO THIS...", take it as more of a suggestion, and plug it into the formula under your conditions. If it works for you on your server, then go for it! If not, look for other 'suggestions' or investigate yourself! 8-)


*Figures sold separately, batteries not included. Supply and demand will have an effect on your sales


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 Post subject: Re: Silver Bullet Myth, or "Why won't you tell me what to sell?"
PostPosted: Mon Aug 01, 2011 11:59 am  
Sergeant

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OOMtastic wrote:
Whitewolf wrote:
All this talk about "Silver Bullets" is making me kind of nervous.

WHITEWOLF IS A VAMPIRE! :shock:

I'd put my money on werewolf. :mrgreen:


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 Post subject: Re: Silver Bullet Myth, or "Why won't you tell me what to sell?"
PostPosted: Mon Aug 01, 2011 5:29 pm  
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Champion

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Taliesyn wrote:
OOMtastic wrote:
Whitewolf wrote:
All this talk about "Silver Bullets" is making me kind of nervous.

WHITEWOLF IS A VAMPIRE! :shock:

I'd put my money on werewolf. :mrgreen:


Like any sane being, I'm cautious of all bullets and stakes, be they silver, lead, wooden or otherwise.

_________________
The Auction House is a tempermental lady. A hot selling-market is a rare, beautiful, untamable beast that needs to be saddled and ridden as hard and as long as you can, for as long as she lets you.

2k-02/2009 1000k-Dec 22, 2009

© Whitewolf 2009-11


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 Post subject: Re: Silver Bullet Myth, or "Why won't you tell me what to sell?"
PostPosted: Mon Aug 01, 2011 10:49 pm  
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Senior Sergeant

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OOMtastic wrote:
Whitewolf wrote:
All this talk about "Silver Bullets" is making me kind of nervous.

WHITEWOLF IS A VAMPIRE! :shock:


OMFG ... Its Edward from twilight ... RUN !!!!

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To all the grammar Nazis, this one for you ...
http://www.youtube.com/watch?v=N4vf8N6GpdM


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 Post subject: Re: Silver Bullet Myth, or "Why won't you tell me what to sell?"
PostPosted: Sun Aug 07, 2011 11:19 pm  
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Scout

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Joined: Tue Aug 02, 2011 9:45 pm
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mcb wrote:
OOMtastic wrote:
Whitewolf wrote:
All this talk about "Silver Bullets" is making me kind of nervous.

WHITEWOLF IS A VAMPIRE! :shock:


OMFG ... Its Edward from twilight ... RUN !!!!


Damn those Twilight fags are really ruining vampires, dude go check Hellsing out... ^^

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