Whats about buying X at a point where you buy all of X's stock, and re-listing it, without alteration, at the price pount far enough behind what buyers will pay, to ensure rapid turnover?
basically buying high, selling low.
Quote:
Volume doesn't define flipping.|
Originally Posted by Arbegla
Whats about buying X at a point where you buy all of X's stock, and re-listing it, without alteration, at the price pount far enough behind what buyers will pay, to ensure rapid turnover?
basically buying high, selling low. |
One NMI, 10k NMIs, as long as you're buying cheap and listing for a profit it's flipping.
If you're deleting stuff as you go to create inventory space, that's not flipping.
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I think the point of the question is: Do you have to actually list at a higher price than you paid, or is it sufficient that people pay that higher price anyway for no apparent reason? 
Quote:
You need to list at a profit- while profligate buyers may well turn your efforts to undersell against you, intent matters. |
Originally Posted by seebs
I think the point of the question is: Do you have to actually list at a higher price than you paid, or is it sufficient that people pay that higher price anyway for no apparent reason?
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=P
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Now we have "conspiracy to flip", since intent is key. 
If you don't follow your listing guideline, but get the desired result, is it flipping?
If you following your guideline exactly, but it doesn't sell, then what? The 'intent' was there.
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Quote:
Then you are history's greatest monster, a failed flipper.|
Originally Posted by Ironblade
If you following your guideline exactly, but it doesn't sell, then what?
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=(
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Sadly, most people who complain about flipping use the definition of "the main reason why I can't get things for the price I want, and when I try to sell the same thing I only, get, like a third of what I'd pay if I wanted to buy it".
A much better word to use for that would be, of course, impatience.
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Quote:
I think the market forum name for what those people are accusing folks of should be a "flip-offer".
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Originally Posted by Silver Gale
Sadly, most people who complain about flipping use the definition of "the main reason why I can't get things for the price I want, and when I try to sell the same thing I only, get, like a third of what I'd pay if I wanted to buy it".
A much better word to use for that would be, of course, impatience. |
Blue
American Steele: 50 BS/Inv
Nightfall: 50 DDD
Sable Slayer: 50 DM/Rgn
Fortune's Shadow: 50 Dark/Psi
WinterStrike: 47 Ice/Dev
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Shadowslip: 50 DDC
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I always thought a Flipper was a dolphin that lived in a world full of wonder....
Quote:
*hooves up*
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Originally Posted by UberGuy
I think the market forum name for what those people are accusing folks of should be a "flip-offer".
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My City Was Gone
Because apparently it's needed. =P
Flipping is the act of buying X at the low end of X's existing price range and re-listing it, without alteration, at a price point far enough behind what buyers will pay to ensure rapid turnover while still generating a profit.
That's it, period.
Any other activities have their own applications and their own rules and are absolutely NOT 'flipping' as defined by the Market Forum collective.
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My City Was Gone