So I'd like to start dabbling in purples...
By
Camper,
Posted on: 2009-06-18 17:06 in The Market and Inventions
At current prices, I don't think a billion would be enough. Its a great fund to marketeer with and turn it into a much larger amount however.
A billion is plenty to get started.
I move a set or two a week. The profit margin's high enough that if you can keep up with that pace, you'll have enough for 3 sets by the end of July.
- Ping (@iltat, @Pinghole)
Don't take it personally if you think I was mean to you. I'm an ******* to everyone.
It's a penguin thing. Pingu FTW.
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A billion is plenty to get started.
I move a set or two a week. The profit margin's high enough that if you can keep up with that pace, you'll have enough for 3 sets by the end of July.
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I was under the impression he was just looking to buy them not flip /marketeer to reach them..
If I'm wrong take iltat's advice here.. he's much richer than I.
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A billion is plenty to get started.
I move a set or two a week. The profit margin's high enough that if you can keep up with that pace, you'll have enough for 3 sets by the end of July.
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I was under the impression he was just looking to buy them not flip /marketeer to reach them..
If I'm wrong take iltat's advice here.. he's much richer than I.
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I went back and read, and I think you're right.
If that's the case, then 1 bil probably isn't enough for those 3 sets. I'd marketeer more, if I were you, OP.
- Ping (@iltat, @Pinghole)
Don't take it personally if you think I was mean to you. I'm an ******* to everyone.
It's a penguin thing. Pingu FTW.
I am looking to buy, but I can see that flipping some purple recipes for a month or two would be a good way to get the funds set up for my final purchases.
I don't have the billion yet. I've got, hm, about a quarter of that floating around at the moment. A bill is a rough estimate of what I think I earn every 4-6 months from casual marketeering. I've earned and spent about 150 mill in the last month, twiddling around picking up the other sets I'll be using on this character. That's where I'm getting my estimate from.
Iltat, should I have a billion free before starting seriously to flip/build purple recipes? That's the kind of thing I'm ignorant of, since I've never seriously needed or gone for giganto amounts of inf before.
Statesmonkey Sez: Lighten up! It's a game, for Lincoln's sake!
Also: Six years of casual play begins to look an awful lot like one year of hardcore play.
Basically, find your market niche or niches that you're comfortable in, and get to it. Once you've got enough of a bankroll, lay down a few lowball long-term bids on some of the purples you want. Do your research. Get an idea of the lows and highs for various recipes and aim for a low end steal. Having a long-term plan is much to your advantage.
It can also be to your advantage to use multiple toons (if you aren't already), particulary for your longshot bids, so you're not tying up slots in your main marketer. Having several 'main' marketers is even better, but takes more time and for me it got pretty tiresome logging in multiple toons just for markets. I ended up mostly going with two, but hey, more is better if you're up to it.
Whether or not 1B will get you your purples depends largely on the purples you're trying to get. Some of the more popular sets will run you more than 500M, even with low end bids.
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Iltat, should I have a billion free before starting seriously to flip/build purple recipes? That's the kind of thing I'm ignorant of, since I've never seriously needed or gone for giganto amounts of inf before.
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I recommend at least 500 mil before you dip into the purple sets just because even though your bids are going to be in the 100ish range each, you may have to wait weeks before that one certain IO/recipe you've got camped actually comes through. 500 mil will give you the leeway to at least camp most of a set, as opposed to one thing. The wider your net, the more likely you are to catch a fish.
BTW, I recommend leaving a kitty at all times. Mine's 100M. I never, NEVER have so much out in bids that my marketeers drop below 100M on-hand. Yours may be lower since you're starting with a smaller amount, but I highly recommend the practice.
- Ping (@iltat, @Pinghole)
Don't take it personally if you think I was mean to you. I'm an ******* to everyone.
It's a penguin thing. Pingu FTW.
I make all my serious money either flipping purples or doing the old buy the recipe low then craft and sell thing.
When I want to slot purples, I just grab a few I need from the stream of stuff that's coming and going.
I recently started purpling out my Fire/Kin with a starting nest egg of just over 200 mil. I've always flipped on the market to bankroll my toons (I didn't start playing until shortly after i9 was released) but I've only ever done just enough to get what I needed.
So when I decided I needed five purples sets for Yellow Torch I just kicked my flipping up a few notches and started getting the sets one piece at a time. The nice thing about my situation is three of the sets are on the cheaper side because they're the Immob, Hold and Stun sets.
I'm about one month into the project (I'm still not killing myself on flipping, just doing it when I feel like it) and I have three full sets and lack two pieces of the Armageddon set to complete my fourth. My focus was to maintain the 200mil threshold despite bids for flipping or buying purples. Taking it slowly has allowed for my lowball bids to sit for a week or two at a time and get me some good prices.
So it can be done, and really I think you should be able to generate way, way more than a billion in four to six months if you're comfortable with the market. I've generated well over a billion in the month I've been doing this and I haven't really been putting that much work into it.
Good luck on the project!
Edit to add: I think I'm actually using "flipping" in the wrong context here. I buy recipes, craft them and sell them. Whatever the word for that is, that's why I do.
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Edit to add: I think I'm actually using "flipping" in the wrong context here. I buy recipes, craft them and sell them. Whatever the word for that is, that's why I do.
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We totally need a word for this...half crafting, half flipping....flifting? crapping? "I crapped a Postiron's Blast proc for 6m profit this morning!"
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Edit to add: I think I'm actually using "flipping" in the wrong context here. I buy recipes, craft them and sell them. Whatever the word for that is, that's why I do.
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We totally need a word for this...half crafting, half flipping....flifting? crapping? "I crapped a Postiron's Blast proc for 6m profit this morning!"
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I just call it crafting. In EQ people would buy supplies off the lowbies, craft them, then sell the finished products and this is no different other than the end buyer could have done it themselves because we have no chance to fail at crafting.
total kick to the gut
This is like having Ra's Al Ghul show up at your birthday party.
But, crapping sounds more amusing, Swell.
"I do it better than anybody you've ever seen do it.
The screams from the haters, it's got a nice ring to it.
I guess every super hero needs his theme music .."
True. Though I tend to think that is what people who look at the last 5 and blame ebil marketeers are doing... 
total kick to the gut
This is like having Ra's Al Ghul show up at your birthday party.
Only the ones looking at those Redside purple prices. Heh.
"I do it better than anybody you've ever seen do it.
The screams from the haters, it's got a nice ring to it.
I guess every super hero needs his theme music .."
Crapping gets my vote, too. I wrote a hugely long and silly post about how I love crapping, and would crap in my sleep if I could...and then it stopped being funny and got just weird. So, use your imagination.
There are no words for what this community, and the friends I have made here mean to me. Please know that I care for all of you, yes, even you. If you Twitter, I'm MrThan. If you're Unleashed, I'm dumps. I'll try and get registered on the Titan Forums as well. Peace, and thanks for the best nine years anyone could ever ask for.
If you would have mentioned crapping in your sleep, I would have responded with something along the lines of most kids only wetting themselves.
The voice of reason in a sea of insanity, 'eh?
"I do it better than anybody you've ever seen do it.
The screams from the haters, it's got a nice ring to it.
I guess every super hero needs his theme music .."
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Edit to add: I think I'm actually using "flipping" in the wrong context here. I buy recipes, craft them and sell them. Whatever the word for that is, that's why I do.
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We totally need a word for this...half crafting, half flipping....flifting? crapping? "I crapped a Postiron's Blast proc for 6m profit this morning!"
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I just call it crafting. In EQ people would buy supplies off the lowbies, craft them, then sell the finished products and this is no different other than the end buyer could have done it themselves because we have no chance to fail at crafting.
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I've always thought of this process -- Buy recipe, buy salvage, make the IO, sell the IO for substantial profit -- as "Manufacturing".
That is, after all, what manufacturers do in the real world. Buy raw materials, acquire a design, follow the design and sell the finished product.
"Flipping" is really just retailing. Buying stuff wholesale for cheap and keeping it in inventory until you can sell it for whatever price the market will bear. It's no different from what every store in your local shopping mall is doing. The customer pays for the convenience of the merchandise being available where and when they want it. The merchant profits by buying things he doesn't need, storing them until someone else needs them, then selling them for a profit.
Totally. It's all downhill past me, apparently. 
Also, I would crap in my cubicle at the office when no one was looking. I would totally crap right under my coworkers noses. Crapping waits for no man.
There are no words for what this community, and the friends I have made here mean to me. Please know that I care for all of you, yes, even you. If you Twitter, I'm MrThan. If you're Unleashed, I'm dumps. I'll try and get registered on the Titan Forums as well. Peace, and thanks for the best nine years anyone could ever ask for.
... and I'd appreciate any advice anyone has.
I cruised through the guides, and unless I missed it, didn't see anything in particular relating to the buying and selling of purps.
I abhor farming, and my play schedule means I won't be running crazy missions trying to get them to drop. And besides, I like the market. I'm fairly fluent in marketeering, and while I'm not on enough to engage in full-on marketeering, I'm on enough to generate a billion or more in the next 4-6 months, which is the time frame within which I'd like to acquire 3 sets. ((I'm finally IO'ing out my 50, hopefully timing the switchover with my 60 month vet reward. My goal is to drop Hasten))
I guess I'm looking for any tips about bid pricing, rarity, fluctuation in supply, etc. Is a billion enough? Should I adjust my expectations? Given the long term nature of my goals, can I afford to underbid, or is there a floor? I'm specifically trying to generate 5 each of Apocalypse, Armageddon and Hecatomb.
Statesmonkey Sez: Lighten up! It's a game, for Lincoln's sake!
Also: Six years of casual play begins to look an awful lot like one year of hardcore play.