If I wanted to make 15 billion over one week ... well not this week, it's 2XP, but in a month or so:
* Each hero merit I use on rares gets me around 200 million inf. So ten HM's (about three hours of work getting them) is around 2 billion inf.
* Every purple recipe I craft, convert and sell is something like 100 million profit as per Nethergoat, and it's on the order of 2 converters per recipe. So if I can get [say] 10 purple recipes that's two HMs and 1 billion inf.
* I normally make about two billion a week doing my usual buy/craft/sell routine on rares and commons on two characters. If I did that on five characters, I'd lose a little bit of effiiciency, call it four billion.
So yeah, the first seven billion a week is easy. After that you might have to start doing, like, task forces and stuff.
EDITED: Scooped by the primary source. I'm impressed that there were that many purps to acquire.
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Indeed!
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Originally Posted by Fulmens
If I wanted to make 15 billion over one week ... well not this week, it's 2XP
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Could someone explain to me what flipping is?
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Flipping is this:|
Originally Posted by snowball54321
Could someone explain to me what flipping is?
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You put in a bid for, let's say, a level 50 Cytoskeleton at 201 million influence. After maybe a week, you've manage to purchase it. You relist it for 303 million influence. After a few days, it sells for maybe as much as 400 million.
Basically, you're buying something at a low price and selling it at a high price, and the reason it works is that you're patient and can wait for the right price, and other people are impatient and want to sell their crap immediately and/or buy what they want immediately. But you're not crafting anything, or converting anything, or bringing anything to the market on your own (except patience and the use of your market slots.)
Some of what's being talked about here is converting purples into different purples and relisting them -- technically I wouldn't call that flipping, you're offering something to the market other than what was there before.
The above example would be on the high end of things. On the low end, people flip things like salvage regularly.
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Even closer than converters would be the buy-craft-sell. Which would be just what Organica describes, but you bid on a recipe, then get salvage and craft it, then relist it. Many, many IOs have a huge gap between the recipe and the crafted IO cost. So in additional to being patient and getting recipes at great prices, you do the crafting for the impatient people and profit. Back in the day, this was my first niche - buying up LotGs and Miracles for ~20m as recipes, then crafting and selling those for as much as 100m. There are slews and slews of niches where 20-50m+ per purchase is fairly normal.
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Originally Posted by Organica
Some of what's being talked about here is converting purples into different purples and relisting them -- technically I wouldn't call that flipping, you're offering something to the market other than what was there before.
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on the low end, here's something I was doing with one of my marketeering alts to build up a lot of market sales to unlock more slots:|
Originally Posted by snowball54321
Could someone explain to me what flipping is?
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buy stacks of Steel for between 75-90k (the price kept fluctuating as other flippers moved in and out), re-list them for 100-150k, with the 'average' sale coming in around 200k, or roughly 2m per stack. I tried to keep listings and bids mostly even, so I'd log in to a 20-30m profit, re-list my wins, throw out new stacks of bids and leave him alone for a few days.
Rinse and repeat whenever I had the time to log in and mess around.
That's flipping.
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That's the biggest line item. I'm also making at least 500m a day from some other efforts, which are far more passive and low-effort.
I'm looking to ramp up with some pure flipping and some buy-craft-sell flipping.
I'd love to corner enough markets that I could gain 100B in a week, even if it took a lot of hours, because that would be pretty awesome.