How to make money


Another_Fan

 

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Originally Posted by Plasma View Post
You're probably guessing right then, since on a 'good' day, I'm burning ~60 converters, more or less.

There was a time when I trimmed WAY back - I was only plucking like 2-5 a day, but since I was making ~150-200m on each, that was fine by me. I do some non-purple things that make me ~3B a week or so too.

To be fair, I do some SSAs purely for merits, but the itrial stuff I just do for fun and to finish building out my 50s, so using the a/emerits on converters is just a bonus.
Remember when you said that sometimes you had someone bidding exactly 1 ahead of you?

Yea, that was me. Sorry xD, I was inching up 1 on you for weeks straight across every non-damage purple. Was really funny reading that post of yours. Good times.

I've got 9 fully PvP IOed toons, incarnated/accoladed etc. I stopped need money, so I've stopped bidding.

and as I said before, it's a pain to keep up with it all. Good luck to anyone else who is willing to try it.


@Sentry4 @Sentry 4

PvP Redux is discontinued, for obvious reasons. Thanks to everyone who helped and joined.

 

Posted

I pay very little attention, so I may not have even noticed, but I don't recall seeing myself get outbid by 1.

My purple bids have been ending in 111,337 since quite a while ago, I don't mind saying.


 

Posted

Quote:
Originally Posted by Plasma View Post
I pay very little attention, so I may not have even noticed, but I don't recall seeing myself get outbid by 1.

My purple bids have been ending in 111,337 since quite a while ago, I don't mind saying.
I was refering to this. (click it to see the post)



I was much more active in the market 3 months ago, and I haven't touched it for about a month now. My bids used to all end in some combination of 1/2/3, since I dislike having to reach over to the zero each time.

I.E. 150,123,121

I would have cared at the time, but not now. I'm inactive on the market. Also, in bidding wars I would use all zeros at different levels so it looked more natural.


@Sentry4 @Sentry 4

PvP Redux is discontinued, for obvious reasons. Thanks to everyone who helped and joined.

 

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Originally Posted by Nethergoat View Post
Well there's the disconnect- I don't do anything on an industrial scale in this game, I just do it to amuse myself. The thought of rustling up 200 converters gives me a headache- my operation's been running smoothly on converting an a-merit or two a week.

I have one character handling bids and one selling and that generates far more inf than I need. I'll keep doing it as long as it lasts because it's just so easy, with the excess profits eventually going to feed the Crazy 88's INFcinerator.



I'm making more than I can spend with the equivalent of a small 'craft to sell' operation. I haven't found anything that can top the 100-200m profit per transaction I'm getting from converting purples, and I'm a big fan of a massive inf/transaction ratio.

While I don't doubt anyone who cared to could make a billion+ a day flipping stuff, that's waaaaay too much like work for me. =P
You seem to have the market workings down to a system to make money in the game.


-Female Player-
Quote:
Originally Posted by mauk2 View Post
Evil_Legacy became one of my favorite posters with two words.
"Kick Rocks."
I laffed so hard. Never change, E_L!

 

Posted

Ive had chars with 4-500 mil a few times, but slowly spent it. I was never really any good at making money. But recently I tried flipping purples and converting, and that is reliably making money now. However, I only flip 2 purples at a time (total.....) on a single char, trying to maximize my money. I also run some converts on some 70mil profit options, but that takes effort. :|

In any case, I finally have 2 bil!!!


-------
Hew in drag baby

 

Posted

Quote:
Originally Posted by OneFrigidWitch View Post
Ive had chars with 4-500 mil a few times, but slowly spent it. I was never really any good at making money. But recently I tried flipping purples and converting, and that is reliably making money now. However, I only flip 2 purples at a time (total.....) on a single char, trying to maximize my money. I also run some converts on some 70mil profit options, but that takes effort. :|

In any case, I finally have 2 bil!!!
congratulations!

purple converting is just a great, low maintenance way to pile up the inf....as long as you don't edge over into industrial scale operations like Sentry... =P


The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.

My City Was Gone

 

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Originally Posted by Sentry4 View Post
This niche is a huge pain.

The startup cash to make good returns + getting converters. Running endless tips to reinforce alightments + running that stupid little arc 4-5 times a day.

It's not nearly as simple as stated above. Works in the short-term, but making it longterm is a pain.

You aren't working that niche, it works you.



I've moved over to just flipping, less profit, but much less work.
So true, anything where you have to play the game to play the market means you just aren't making good use of the market and to borrow your phrase, "You aren't working the market, the market is working you"


 

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Originally Posted by Nethergoat View Post
buy cheap purples (anything that doesn't do damage).

convert to expensive purples (anything that does do damage).

sell expensive purples.


I've abandoned all of my other various schemes over the past couple of weeks because this 'trick' generates BY FAR the largest profit with the least effort of any marketeering I've ever done.
This way is ...acceptable. But, it's not the only way. Since converters came out, I've more than doubled my liquid inf, plus slotted some very pricy builds. And, I've done this pretty much exclusively by placing lowball bids on PvP IOs, crafting, and converting and then selling.

I had thought about cheap purples - but the cheap purples are not as cheap as the cheap pvp IOs. So, I have less investment for about the same gain.
But, to each his/her own. As long as everyone keeps playing, inf will keep dropping from the sky.


"Most people that have no idea what they are doing have no idea that they don't know what they are doing." - John Cleese

@Ukase

 

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Originally Posted by Ukaserex View Post
This way is ...acceptable. But, it's not the only way.
Never said it was- but it is the simplest, most consistent high-turnover way to generate 100-200m profits in a single transaction.

Being an essentially lazy creature, this earns it the #1 ranking in the Goat Index. =)


Quote:
Since converters came out, I've more than doubled my liquid inf, plus slotted some very pricy builds. And, I've done this pretty much exclusively by placing lowball bids on PvP IOs, crafting, and converting and then selling.

I had thought about cheap purples - but the cheap purples are not as cheap as the cheap pvp IOs. So, I have less investment for about the same gain.
But, to each his/her own. As long as everyone keeps playing, inf will keep dropping from the sky.
I'm sure PvP IOs work, but my recollection is that after they nerfed drop rates supply basically disappeared, even for crummy ones. Are they more widely available now? One nice thing about purples is that I have a steady, predictable supply, no waiting around.


The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.

My City Was Gone

 

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placed some bids on some crummy purple recipes. waiting for them to fill so i can flip. Playing the waiting game isnt fun.


 

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Originally Posted by Nethergoat View Post
Are they more widely available now? One nice thing about purples is that I have a steady, predictable supply, no waiting around.
I don't farm them; I just place about 15 bids per toon on several toons and the next day, I craft, convert and place for sell. Then the next day, I collect, and repeat.


"Most people that have no idea what they are doing have no idea that they don't know what they are doing." - John Cleese

@Ukase

 

Posted

Quote:
Originally Posted by Ukaserex View Post
I don't farm them; I just place about 15 bids per toon on several toons and the next day, I craft, convert and place for sell. Then the next day, I collect, and repeat.
well if you're getting a couple a day supply seems to have picked up since the last time I messed around with them (which reminds me, I still need to pull out & sell the ones I slotted the Goat with back when they were new and nobody knew what to price them...).

I'll take a look, thanks for the tip!


The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.

My City Was Gone

 

Posted

Quote:
Originally Posted by Ukaserex View Post
This way is ...acceptable. But, it's not the only way. Since converters came out, I've more than doubled my liquid inf, plus slotted some very pricy builds. And, I've done this pretty much exclusively by placing lowball bids on PvP IOs, crafting, and converting and then selling.

I had thought about cheap purples - but the cheap purples are not as cheap as the cheap pvp IOs. So, I have less investment for about the same gain.
But, to each his/her own. As long as everyone keeps playing, inf will keep dropping from the sky.
There are two ways to go about this. Buy junk PvP IOs, and convert out of set and (if necessary) inset, or convert in set only.

Glancing back at the figures I worked up for sims in my Brief Guide to Enhancement Converters thread:

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The number of converters on average required to convert any non-damage purple to a damage purple is: ~2.25
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Let us assume you have an IO of a set, and want to target another IO in that set. The number of converters required to convert from one enhancement in a set to specific other of that same set is: ~15 (Note, this is about 5 conversions, using 3 converters each time.)
Quote:
If you want a specific enhancement, then you can sum up the costs. Say you have a Gladiator's Strike, and want a Gladiator's Armor 3%/teleport proc. You will, on average, pay 7 converters to get to Gladiator's Armor. You have a 16.66% chance of landing on the proc. If you don't, you will pay 15 converters on average to hit it. On average, you will spend 19.5 total converters to target a specific PvP IO.
Let's assume you pay 90m per PvP IO for a pure junk IO, which is a decent price on the buy side. (If you are patient you can cherry pick lower but not much lower than I've seen.)

I think if you targeted any proc set, specifically aiming to produce any of:

- Panacea global
- Glad global
- Shield wall global
- Fury -Res

Then you'll need ~2.5 converters to hit any of those sets on average.

From there, 16.66% of the time you'll have the good one in hand, and the other times, you'll pay 15 converters on average to hit the global in-set. .8333333 * 15 = ~12.5, so your total cost is about 15. Let's assume you average a sale price of ~300m which is generous. That's ~14m per converter. It's not -terrible-, but it's certainly nowhere near what you can get in other niches. (I'm not factoring in market fees, which actually also slightly favor pvp IOs since the margin is higher, but it's fairly negligible.)

Granted, it's the most you can make "per IO", but it's nowhere near the most you can make per converter, and since you can just buy IOs, I think per-converter is the metric to use.


 

Posted

I've got one character flipping crafted purples, one character flipping crafted PVPs, and those make me respectable inf-per-transaction. I've got two chars crafting-and-selling and I do about three, four AMs a week. I know three different reasonable* converter niches other than purples. The marketeering is maybe half an hour a day in one or two sessions.

* Around 200M profit per 10 converters.

The interesting question is, "what's a fair price for valuable PVPs?" If you can make 30M profit per converter, and it takes you 15 converters, it's 450M in converters, plus [using Plasma's numbers] 90M for the crap IO, for a total of 550M.

I knew they were undervalued, but I didn't realize it was "by a factor of 2".


Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.

So you think you're a hero, huh.
@Boltcutter in game.

 

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Plasma, you've got to check out the PvP IO market a lot closer. When converting, you aren't just aiming for those 4. There's a -lot- of other high end ones.

Glad Jav procs come to mind. Panacea Heal and Glad armor +res too. There isn't a small selection.


Worth noting, not too long ago I picked up 3 jav volley recipes for 15 million each, then sold them for 120 mill each once crafted.

PvP IO prices range a lot. It's certainly more than 14 mill per converter.

In fact, you can make a lot there without converters.


@Sentry4 @Sentry 4

PvP Redux is discontinued, for obvious reasons. Thanks to everyone who helped and joined.

 

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Isnt there a cooldown how often you can run a SSA and get a hero alignment merit?


 

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Okay, here's my initial interaction with PvP IO's.

After Sentry's post I hopped on, dropped a swath of bids and went about my business. When I checked back I had a sizable # of winning bids, certainly many more than I would have bidding on purples. I crafted a sold a couple before it occurred to me that I should keep track of it, so I stopped claming wins. As of this morning all my junk had sold, and here's the tally:




I think I was pretty lucky with my conversions- most of these were one-converter shots, and I got more than my share of the 'procs'. One of the ones I listed and sold earlier was a Panacea proc.

I picked up all the recipes for around 90 million.
Purple recipes have escalated north of 150m if you want any sort of reasonable supply, so advantage: PVP IOs.

And with "good" ones selling around Purple prices, that's about 60m more profit than I'd expect from an 'average' Purple sale (pay around 150, sell around 300).

But the down side to this higher volume is, as Sentry brought up earlier when discussing industrial scale Purple converting......you need more converters.

Just messing with purples I've *never* had to 'work' to get converters. I just run stuff, convert normal merits to alignment merits, run SSAs and when I find myself getting short I just hop over to the Crucible and pick up another 10 pack.

But with the higher volume of the PvP IOs I actually ran out on my 'converting' characters. I had to go cash in another bunch of merits & buy more converters. He's out of 'regular' merits and only has one alignment merit left.

So for my personal needs I think I'll be sticking strictly to purples- the lower volume actually fits my playstyle better.

But for anyone who can rustle up stacks of converters on demand, PvP IOs are really, really profitable 'per slot' and you can also turn over a lot more of them if you want.


The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.

My City Was Gone

 

Posted

Quote:
Originally Posted by snowball54321 View Post
Isnt there a cooldown how often you can run a SSA and get a hero alignment merit?
Once per week per character. You could, technically, run it once for the hero merit and once for the 20 reward merits, or even once for the HM and twice more for 25 RMs - three times the work for 1.5 times the hero merits. Depends on how much you like beating Lost bosses, I guess?


Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.

So you think you're a hero, huh.
@Boltcutter in game.

 

Posted

Quote:
Originally Posted by snowball54321 View Post
Isnt there a cooldown how often you can run a SSA and get a hero alignment merit?
"One week" (specifically, 6 days and 18 hours).
This is why I have nearly 30 toons that have confirmed their alignment so they can earn A-Merits.


Paragon City Search And Rescue
The Mentor Project

 

Posted

Quote:
Originally Posted by Sentry4 View Post

Worth noting, not too long ago I picked up 3 jav volley recipes for 15 million each, then sold them for 120 mill each once crafted.
Good info, Sentry, but getting recipes for 15m has to be very rare. I sell a lot of pvp recipes, and prices seem very steadily 85-90m even for the junkiest junk.


 

Posted

Quote:
Originally Posted by Nethergoat View Post
But for anyone who can rustle up stacks of converters on demand, PvP IOs are really, really profitable 'per slot' and you can also turn over a lot more of them if you want.
For me, I typically use hero merits to convert to converters. Because I get 10 for each alignment merit, I place a bid on 10 recipes.

Any that I can sell for over 176 million (having bid 90 million on the recipe), I'll sell. If the last 5 look too low, I just keep them until the next time I get 10 converters. I just use one converter on each one - and I might get 3 good ones, 2 ok, and 5 dogs. The 5 dogs stay in my inventory until the next time I get 10 more converters. I keep the bids up so that I have 10 active bids. Whatever the surplus is, I e-mail myself. Every 45 days or so, I do a respec, and that's where the e-mailed loot goes. I've also "burned" a bunch building bases on different servers - but I've no desire to burn inf. My goal is to get 100 billion - and I'm 2 billion away.
Then, I think I'll buy an island.


"Most people that have no idea what they are doing have no idea that they don't know what they are doing." - John Cleese

@Ukase

 

Posted

Quote:
Originally Posted by Ukaserex View Post
My goal is to get 100 billion - and I'm 2 billion away.
Then, I think I'll buy an island.
How long has that taken to accrue? Thats alot of inf lol, wish i had those sorts of turnovers


[Union Chat]Sebaddon: If you want to, we will, if you think it's weird, no, that's damz, not us.

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Originally Posted by Black_Assassin View Post
How long has that taken to accrue? Thats alot of inf lol, wish i had those sorts of turnovers
So, you didn't ask me, but...

In the process of feeding the 88s for fun, I ramped up to about 10B a week on the way to burning ~110B total so far. Then I was moving, starting a new job, and just felt like taking a break so I more or less ended all my income streams other than ordinary play (and did little of that).

I have gone whole hog again the past few weeks. I'm not actually 100% sure when I started, but I think I've made something on the order of 13-15B/week, although it may be as high as ~20B a week. I'm not 100% sure because I bought a bunch of stacks of overwhelming force IOs just to stash for a rainy day. (I did the event twice and then decided I'd had enough of that.)

I've been plowing a lot of that back into the enterprise. I started with about 4B when I resumed marketeering and I now have >20B in bids in play and I have a ways to go.


 

Posted

Quote:
Originally Posted by Ukaserex View Post
For me, I typically use hero merits to convert to converters. Because I get 10 for each alignment merit, I place a bid on 10 recipes.

Any that I can sell for over 176 million (having bid 90 million on the recipe), I'll sell. If the last 5 look too low, I just keep them until the next time I get 10 converters. I just use one converter on each one - and I might get 3 good ones, 2 ok, and 5 dogs. The 5 dogs stay in my inventory until the next time I get 10 more converters. I keep the bids up so that I have 10 active bids. Whatever the surplus is, I e-mail myself. Every 45 days or so, I do a respec, and that's where the e-mailed loot goes. I've also "burned" a bunch building bases on different servers - but I've no desire to burn inf. My goal is to get 100 billion - and I'm 2 billion away.
Then, I think I'll buy an island.
Y'know, that's a good idea.

I don't know why it didn't occur to me to just stash the failures in base storage pending a new supply of converters.

actually, it's probably because I'm stuffing base storage full of crafted IO's that will suddenly be "good" once I24 hits, and I can only hold one idea in my head at a time. =P


The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.

My City Was Gone

 

Posted

Quote:
Originally Posted by Plasma View Post
but I think I've made something on the order of 13-15B/week, although it may be as high as ~20B a week.
How is that even possible......


[Union Chat]Sebaddon: If you want to, we will, if you think it's weird, no, that's damz, not us.

[Union Chat]Damz: hey cyber, i am your naked pope for the evening, please confess to me my child