NEW: Ping's Weekly Niche: No More Knockback
By
Cobalt Azurean,
Posted on: 2009-07-06 10:53 in Champion
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9) Cobalt is old. Srsly.
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True story. I've cornered the market on Old.
"Champion (the Community Server... or GTFO) is like a small town where everyone knows each other's names, for better or worse." -kojirodensetsu.
"If all you have is a hammer, everything looks like a nail." - Maslow's Hammer
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9) Cobalt is old. Srsly.
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True story. I've cornered the market on Old.
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BS. Comparatively, you're still a young pup. Dang kids. Git the heck off my lawn! 
And, thanks for the tip, Iltat. I'm always curious about when to craft and when to buy pre-crafted, if you get around to taking subject requests. 
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9) Cobalt is old. Srsly.
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True story. I've cornered the market on Old.
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BS. Comparatively, you're still a young pup. Dang kids. Git the heck off my lawn!
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I don't generally listen unless there's a cane, walker, or clenched fist bein' shaked in my direction...
"Champion (the Community Server... or GTFO) is like a small town where everyone knows each other's names, for better or worse." -kojirodensetsu.
"If all you have is a hammer, everything looks like a nail." - Maslow's Hammer
Thanks for the tips, Ping! Now that I have a toon with a little extra Inf to invest, I've been itching to start playing the market more, but just not sure where/how to start.
"Don't unravel them-- your ears were meant to be that way."
-Steve Aylett
This is very cool that you are taking the knowledge gained from the market and teaching others.
By giving some semi-regular instruction, there really will be no excuses to not make money.
.. You'd be surprised.
You know the call sign if you need a hand, Ping.
"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 .."
Wonders what the price is to commission bronx to make me the monez 
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Thanks for the tips, Ping! Now that I have a toon with a little extra Inf to invest, I've been itching to start playing the market more, but just not sure where/how to start.
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A little? >.> Sakitumi disagrees!
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2) There's already at least one person flipping/crafting these (the 908K is a signature of a marketeer, just don't know which one).
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Thats really cool.
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Thanks for the tips, Ping! Now that I have a toon with a little extra Inf to invest, I've been itching to start playing the market more, but just not sure where/how to start.
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A little? >.> Sakitumi disagrees!
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>.>
<.<
Heh.
"Don't unravel them-- your ears were meant to be that way."
-Steve Aylett
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Thanks for the tips, Ping! Now that I have a toon with a little extra Inf to invest, I've been itching to start playing the market more, but just not sure where/how to start.
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If you are just getting started, flipping is not the best place to start, it is fairly easy (at least I found it so) to get all your inf tied up in bids and items for sell that are not moving because the market shifted, and be locked down.
For those with small bankrolls, and/or lack of experence, I recomend starting with common IO crafting. You can easily make 2-5 million a week on crafting and selling ACC, DAM, END RED, and END MOD (generally the 25 and 30 ones) IOs. Do this for a few weeks while getting a feel for the market flows, and you should find that you have a nice bank roll to use for flipping, and a better idea of when to flip.
Global is @honcho
On Champion
Living Coal LV 50 Fire/Fire Tank
Nature Boy LV 41 Earth/Kin Cont
Great Wacko LV 34 Robot/FF MM
plus many alts
That, and by crafting the commons, you earn the badjez that get you extra salvage and recipe slots. Start with the 35's.
Loose --> not tight.
Lose --> Did not win, misplace, cannot find, subtract.
One extra 'o' makes a big difference.
Thanks for the tip of what to stay away from
really what Ping has pointed out is true. always check prices and after a while you get to know what will sell and what wont (but still check prices as some things supprize you)
IO crafting is ok to get your feet wet, and best done early on in the toons life (at 35 when you need the IO it nice to have them ready or at least memorized). 35+ is when you need to be looking to make enough to keep your toon happy.
my advice
1-11 sell all enhaments
12 but SO with made cash
12-30 Craft / Flip io for fun / slots/ and salvage space.
30-35 start looking at what merits and Tickets you gathered and plan to buy what you need for a basic IO toon or random + sells.
35+ start looking to get a small bank roll for sets and what you want.
really a week looking around for a nich and playing it can make you some good money. Dont be afraid to ask for help on niches. asking for money is another issue, since it is easy to make.
Lead Squirrel at Dr. E Spider robotic site #643
Nothing saids its your spot like an ourob. Portal dropped on the ground.
SOANGRYNAO
This is what I was flipping as of 2 days before Ping posted this...I am logging in right now to collect my moniez and leave before it blows up in my face!
Something worth noting for the general market tips: Never forget your selling fees when determining your profit margins. After awhile it will become secondhand nature to tack in that 10%, but if you're not careful it can actually end up costing you money or minimizing your profit margins.
This is especially true in dealing with the higher cost items. You might be able to get that purple recipe for 100m, craft it for 2m, then sell it for 112m, but that would actually leave you 1.2m in the red at the end of the day.
(Note: The costs displayed here are rhetorical, I don't know of any purple recipe offhand where this would/could happen)
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I am logging in right now to collect my moniez and leave before it blows up in my face!
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Or continue with this on an unused character and wait a week.
I hardly see these forums as the downfall of an item.
You can only lead the horse to water ..
"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 .."
I am keeping the ones I had for sale up there, was just taking out the bids.
I make paper! in rate that im fine with! My pvp toons are IOed... and my personal storage bins is stock with some good crafted IO's and Cambell soup. So in the urban words " I gets mine"
First post after Elf.
Ping.
You should post numbers regarding this IO until your next niche post.
"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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I make paper! in rate that im fine with! My pvp toons are IOed... and my personal storage bins is stock with some good crafted IO's and Cambell soup. So in the urban words " I gets mine"
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Translation: ELF STALKER has learned how to use the litter box and can opener. When he tries to use both at once he sometimes eats his own poop by mistake.
Thus he has become Mancatdog.
Dr. Todt's theme.
i make stuff...
Current last 5:
[u]Crafted[u]
59,999,999
60,000,000
25,220,000
60,000,000
60,000,000
[u]Recipe[u]
45,000,000
34,000,000
34,000,000
34,000,000
34,000,000
Wow, for so many thankful people, nobody seems to be capitalizing on the crafteds. That's actually a lower price point than the one in my original post. Recipes are bumping up though, so hopefully those are some of ya'lls bids.
- 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.
Ping, are you predicting they will go DOWN or UP on the price of crafteds?
From revealing the niche, the prediction should be that the price of crafteds overall should go down and the price of recipes should go up. These two would occur because, hopefully, a run of people would attempt to list theirs lowest to sell first until people started settling for less profit by listing below another common bid point, such as 55M even. If the run continued, people would continue to settle for less profit, thus resulting in the prices of recipes and crafteds arriving at an equilibrium that made the profit minuscule for awhile. Instead, it appears almost no one is heeding my advice.
- 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.
[u]Why You Should Listen To Me[u]
Because I'm a penguin. I'm a penguin who has made a whole lot of money on the market, and I can show you where to make the money. Every niche I mention in this segment will be one which I, personally, have made money in.
For now, I'll be talking about Blueside. With time, I'll start to throw some Redside in here too. Heck, I may even start alternating soon.
[u]What You Should Keep In Mind[u]
I'm posting this niche publicly. That means that you're not the only one who will read about it. That means it should get blown up in the next couple of days as the masses flock to it. Write it down. Store it in your memory. In two weeks, it will be plenty profitable again. If it doesn't work out for you, let me know exactly what your price points were, and I'll be happy to explain why.
[u]A couple broad Market tricks: [u]
Lowest list price sells first (if you want to sell for 5 mil and list for 5 mil, anyone who listed at 4,999,999 or lower will sell before you).
Highest bid fills first (think of the inverse to the first trick).
People usually bid even numbers (if you list for 6,000,000 with the hope of getting 7mil, there's a solid chance someone will bid that number exactly, if you list for 6,246,512 and someone bids it exactly, they just really are that cheap).
People usually sell for even numbers (again, inverse).
If there are zero bidders, bid low. Really low. Laughably low. You never know.
Anyway, on to this week's niche!
Level 50 Blessing of the Zephyr: Knockback Reduction (4 points)
Crafted Last 5:
60,000,000
25,908,000
60,000,000
60,000,000
80,000,000
Recipe Last 5:
33,000,001
33,000,000
32,000,000
30,000,100
31,908,000
Now, this information can tell us a whole lot. These are the things I learn from it:
1) There's a possible profit margin in crafted flipping of approximately 30 mil.
2) There's already at least one person flipping/crafting these (the 908K is a signature of a marketeer, just don't know which one). Competition means I would need to stay liquid (only buy 1-2 at a time) because marketeers usually will change their price point if their orders aren't getting filled.
3) The marketeer's buy orders on recipes filled (note the one that filled lower than his price point). That means they probably have limited means, which means there's probably enough turnover for both of us to profit. I'll also be able to step in and gank some of his sales without him noticing (if 5 sales go to lowball bids each day, and I only take 2, then the other person having limited means will still let him take 2-3 and not make him worry enough to raise his price point).
4) All these orders have filled in the last 36 hours (not included above, but it is true). High turnover means fast profit. Fast profit is my personal favorite.
5) Crafteds can be lowballed, actually, for less than recipes. This means the most profit will come from crafteds. I definitely want to throw one lowball up for a crafted.
6) Even though recipes cost more than a crafted lowball, there's still a HUGE profit margin there. Risk 30 mil for 25 mil in profit? That's cake. I'll buy into both.
7) It's Monday. That means that you'll get the last of the weekenders' money tonight, but prices will start dropping tomorrow until Friday. Almost a sure thing to get a lowball crafted, and may even lowball further on the recipes to see how cheap they can really be gotten.
8) The 80 mil sale is an outlier. Don't believe the cake. Go for the 60 mil guarantee. Let someone else sit on one for 3 weeks to score the extra 20 mil while you've taken that 20 mil and flipped it 8 or 10 more times over that period of time.
9) Cobalt is old. Srsly.
10) Buy, buy, buy.
I would price higher that our identified marketeer's price point, but not by too much. Maybe 2M more. If he's sold his stock, he'll be putting new bids up, and he'll probably increase them slightly to account for other marketeers trying to jump his price point. Since he seems to like his 908,000 signature, I would say that an increase of 1M can be expected from him. Thus, you want to jump THAT price point. A bump of 1M and some change (whatever signature you want to develop) would probably work splendidly.
Final tally:
Buy-in: 65 million
Sales: 120 million
Fees: 12 million
Profit: 43 million
- 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.