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Veni vidi vici

Merchanting Guide

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Merchanting

Written By: Veni Vidi Vici

Original Guides by: ImMorTaL and Millerandrew

Special Thanks to: iToast, Victory Guy8, Trey Strukel, Magic of Woodcut, Esarathon and Roy

 


 

WARNING: This guide's prices are accurate from the time this guide was written, and will probably not represent the current market prices. The prices on this guide are accurate to the day this guide and pictures were written/taken and have most likely changed. Before you invest make sure you look at the Charts in the Grand Exchange database, and read this ENTIRE guide. If you do not, you may lose money. Always remember - MERCHANT AT YOUR OWN RISK.

 

 

Introduction

Merchanting. One of If not THE best way to make and lose money. This guide will show you how to merchant with the Grand Exchange. There is more to it than just buying items for the minimum price, and selling them for the maximum price four hours later. Merchanting is an art, and when done correctly can make you rich. This guide will not show you WHAT to merchant, mainly because of the fact that prices fluctuate all of the time, but I will give you tips on HOW to merchant. Not a member? Not a problem! Even if you are not a member, you can merchant too, but being a member helps, as you get six Grand Exchange slots instead of two.

 

Please also note: This guide Does NOT show you items to merchant. The items and pictures below are a reference so you can find an item to merchant. Yes, these still may be good items to merchant, but be aware: They are just examples.

 

 

Getting There

 

Walking: 24fwrib.gif You can simply walk to the Grand Exchange which is located to the north-west of the West Varrock Bank.

Varrock Teleport: 68tvtv.gif If you have level 25 Magic, you can teleport to Varrock using 3 air runes, 1 fire rune and 1 law rune. From the Varrock Square, walk west until you reach the Varrock West bank. Go through it and follow the path to the Grand Exchange.

Spirit Trees: If you have completed the Tree Gnome Village Quest (Grand Tree Quest to use the Spirit Tree at the Grand Tree), then you can use Spirit Trees. You can use the spirit tree from the Tree Gnome Village or in the Grand Tree to teleport to the tree a little bit north-east of the Grand Exchange.

Amulet of Glory: 2ry2dxh.gif You can use an Amulet of Glory to teleport to Edgeville, then cross the bridge and go under the Agility Shortcut, north-west of the Grand Exchange.

Skull Sceptre: f0qkuh.gif If you have a Skull Sceptre from the Stronghold of Security, then you can teleport to Barbarian Village. Walk east across the bridge until you reach the West Varrock Bank. Go through it and follow the path to the Grand Exchange.

 

Here is a map that should be helpful if you don't know where to go.

 

 

mkg6d3.png

 

Great! Now that you are there you can begin your road to riches!

 

First, if you don't know what an item means, check out the Rune Dictionary guide for info on what all the item names, and abbreviations are!

 

And, if you have absolutely no clue what you are doing at the Grand Exchange, check out the Grand Exchange Guide!

 

Awesome! Now that you know what you are doing (If you didn't before) we can get started!

 

Let's start off with some basic merchanting rules.

 

Rule 1: Never ever merchant something that's price never increases or decreases! EVER! Unless you wish to make no money of course.

Example:

 

runewarhammer.png

 

As you can see the price doesn't move at all. This would make it hard to merchant.

 

A good item to merchant would be the death rune. As seen below it goes up and down. Sell when the price goes up, buy when the price goes down.

 

DEATHRUNE.png

 

If you are experienced at watching the Grand Exchange charts this shouldn't be a problem. If you aren't don't worry! You will get better over time.

 

Rule 2: Since you will be buying and selling A LOT, it is a good idea to have a pencil and a piece of paper to write down what you bought, how many you bought, the cost per unit and the total cost. This way if you forget you will know, to make sure that you don't lose money.

 

Rule 3: Never ever sell for the maximum price! Nobody except desperate people buy things at maximum price. The trick is: A lot of people sell for maximum price, so beat them by selling lower than the maximum price. This way, you will beat everyone selling for maximum price, and it will probably sell faster. BUT, you can only buy a certain amount of items every four hours, to keep RWT's from Real World Trading.

 

100 Weapons/Armor

10k Arrows

10k Food

100 Jewlelery

10k Feathers

25k Herbs

25k Ores

25k Logs

25k Runes

10k Potions

 

 

Short Term Investments

 

Short Term Investing is exactly how it sounds. You make an "Investment" for the market price or less (Market price is best, so you are almost guaranteed to get the item instantly) and then put it back up on the market for a little less than the maximum price. So for example: Buy an item (not of a high price, so you can buy more) like a rune full helmet or a rune scimitar. Buy 100 (Or the most your money can buy you, don't worry you will be able to buy more later) at the market price, then put it right back up on the market for just below the maximum price. If a rune scimitar's maximum price was 18k, then you would probably want to sell it for 17.5k. This way, you beat the competition. While that is waiting invest in other things, or log out and do something else. If you invest before you go to bed, that would be good because you can just pick up the money in the morning.

 

2nkq96t.png

 

Although the price doesn't change much you can still buy for about 500-1,000 lower than the regular price. This way you will beat everyone buying for the lowest price, and be closer to the regular price. Then once that is done re-sell it (4 Hour delay) for about 500-1,000 below the maximum price. You will beat everyone selling for maximum price and be closer to the market price.

 

 

Long Term Investments

 

Long term investing is a little more complicated.You must use the Grand Exchange charts. To get to the GE Database, Go to the RuneScape homepage and click Game Guide and then Grand Exchange. Once there it is recommended that you choose an item that is going down by using the charts on the Grand Exchange. Or you can choose an item that you think is going to go up due to a future update. At the current time rune armor is about 140-160k for a set. Due to PvP worlds where you can pk anywhere, rune armor sets are likely to increase in price, because you lose all of your items. So I invested in 15 sets, and now I wait until at least one of the updates comes out. This isn't the BEST way to do it, but if you have evidence that a price will rise soon, jump right on it! This isn't the "Right Way" to do it, but it can be very profitable.

 

The "Right Way" to do it, would be to use the charts like I said.

 

coal.png

 

As you can see Coal has gone down a bit here. You see how the line is beginning to thin out. This is the perfect time to jump right on it. Buy 1-2k coal depending on how much money you have. Don't spend it all so you can invest in other things. The price started at 192, but now it is around 181. If you don't jump on it now, the price will go back up, as you can see from the flattening line. Now wait a few days or weeks depending on how the market is, for the price to go back up and sell it for a little more than the market price for a nice profit! As complicated as it sounds, once you do it a few times, you will be an expert at merchanting!

 

Here is another example:

 

 

2lu2emv.png

 

As you can see, the price is going down, so at the time, I bought 5k Chaos Runes and sold them when they went back up to above 105gp ea. Like I said, it is just a game of reading charts, clicking buttons and waiting.

 

 

"Dangerous" Merchanting

 

Now that you are rich you can either enjoy being rich, buy a bunch of rares or great armor to kill people with in Bounty Hunter... OR you could DOUBLE the danger and go "Dangerous" Merchanting. Why is it called "Dangerous" Merchanting? Because it is dangerous. In this kind of merchanting, you will either lose A LOT of your money or make A LOT MORE money. Remember this is only if you are a pro at reading and understanding the charts and how prices move. Dangerous investing is simple. Invest in a high price item that's price is going down. Say that a Bandos God Sword's price fell to about 25 million. This is when you would buy ONE, AND ONLY ONE (IF YOU BUY MORE AND YOU LOSE YOUR MONEY, DON'T SAY I DIDN'T WARN YOU!) and then wait for the price to go back up. Since the item is worth more than other items, it will take longer to go back up. Now this is where it gets dangerous. As the price goes back up:

1. People may lose interest in the item.

2. People may want to buy it for the minimum price.

3. People may just not want the item anymore, and buy a better item.

 

 

k06q37.png

 

This would be the time to buy. The Grand Exchange goes up and down more on higher priced items. Therefore, it will take about a week or two for the price to go back up. Don't wait for the line to even out at the top, because that is when It will crash again. The Bandos GodSword usually stays between 30 mil and 25 mil when it goes down. This is the best item to merchant because it is high in demand and the price keeps going up and down at a consistent pace. If you want to merchant others, you can just NO PARTY HATS!

 

e97on5.png

 

Another example here is the Saradomin GodSword. It is going down heavily. If you ever see an offer like this, never hesitate. When you buy it, it will keep going down yes. Then it will start to even out and bounce back up. You MUST be patient. If the line is steadily going back up, don't sell it. Wait until the price starts to even out at the top again, then sell it for maximum profit.

 

The point is, it IS dangerous, but if you play your cards right, you could make an easy 10% profit.

 

If you decide that you want to buy an item that's prices doesn't change, be warned you WILL NOT make money, and will most likely lose money. Do not blame Sal's Realm if you lose or make no money from this. We are warning you right now that you will NOT make any money from doing this. Things like party hats and Christmas Crakers, that are rarely traded and whose prices don't move will NOT make you money!

 

Set Merchanting

 

Set merchanting is an interesting concept indeed, though it is VERY profitable. Set merchanting sounds complicated, but in execution is very simple. If you were to go to the Grand Exchange and buy all the pieces of a rune armor set individually, put them into a set and sell them for market price, provided the buyer isn't purchasing for more, you will make no money. BUT If you go to the Grand Exchange and buy each piece of a rune armor set for a little less than the market price, put them into a set (to make profit and to avoid four hour trade limit) and sell for the market price you would make a profit. For example:

The following are examples, not the exact price.

Rune Full Helmet: 23,000gp

Rune Platebody: 54,000

Rune Kiteshield: 43,000

Rune Platelegs: 46,000

If you were to buy each for 500gp less than the market price, put it into a set and sell it for the market price, you would make a 2,000gp profit.

4 items X 500gp LESS than the market price = 2,000gp

Now if you were to buy 5 sets of rune armor, you would make 10,000gp, as a 2,000gp profit per 1 set X 5 = 10,000gp profit. All you have to do is buy 5 of each item for lower than the market price. DO NOT buy for the minimum price, as nobody sells for minimum price. For the higher priced items like the Rune Platebody, try buying for 52,000. For the Rune Kiteshield try buying for 42,500. It isn't that complicated. Just make sure that you don't buy each piece for the market price, or you wont' make a profit!

 

 

Conclusion

 

Well that is about all there is too it! Don't buy items that's prices don't change, don't buy for minimum price when short term or long term investing, and don't sell for the maximum price when selling something. When you get enough money to "Dangerous" Merchant go for it! I hope this guide has helped you make money.

Happy Money Making!

Edited by Veni vidi vici

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Well, for when you get back, the red path is pointless, just make a straight shot for the Grand Exchange.

 

~Tis Helk

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Here is a

just incase you needed more help.

 

^It actually works if you have patience and good guessing skills by looking at charts.

 

~Strength :aware:

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Thanks for all of the info guys. I'm glad I'm back. My dog is really glad to see me :aware:. It feels really wierd typing. Thanks for the info everyone.

 

Responding to ArmyofIban: If I mention the word "Investing" people are going to go to the next guide in the list. Investing is where prices fluxuate more than what I am describing in this guide, although if you do buy a higher priced item, it will of course, fluxuate more.

~Vincent

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A+ guide!Mention during an update that requires hi level skills(for the average player) you can take a risk and start buying in large quantity when it is slowly on the rise though thats pretty much what you said :aware: great guide keep on working on it!

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A+ guide!Mention during an update that requires hi level skills(for the average player) you can take a risk and start buying in large quantity when it is slowly on the rise though thats pretty much what you said :aware: great guide keep on working on it!

It's barely 5%....

Thanks though!

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When there's a very big update that cost a lot of money(like summoning)

Its a grate time to buy a rare, mostly phat, sense all the prices go down and go back up a couple month later

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Quick Links:

Intorduction

Getting There

Intorduction → Introduction

 

Amulet of Glory:2ry2dxh.gif You can use an Amulet of Glory to teleport to Edgville, then cross the bridge and go under the Agility Shortcut, north-west of the Grand Exchange.

Edgville → Edgeville

 

Red Line: Teleporting to Barbarian Village via Skull Sceptre and walking.

Green Line: Teleporting/Walking to Varrock.

Blue Line: Using an Amulet of Glory to teleport to Edville and using the Agility Shortcut.

Edville → Edgeville

 

First, if you don't know what an item means, check out the Rune Dicitionary guide for info on what all the item names, and abbriviates are!

Dicitionary → Dictionary

abbriviates → abbreviations

 

Awsome! Now that you know what you are doing (If you didn't before) we can get started...Not here...No look down!

 

Here!

 

Let's start off with some basic merchanting rules (More like Guidlines).

 

Guidline 1: NEVER EVER MERCHANT SOMETHING THAT'S PRICE NEVER INCREASES OR DECREASES! EVER! Unless you wish to make no money of course....

Example:

Awsome → Awesome

Guidlines → Guidelines

Guidline → Guideline

 

GUIDELINE 3: NEVER EVER EVER SELL FOR THE MAXIMUM PRICE! Nobody except desperate people buy things at maximum price. The trick is: A lot of people sell for maximum price, so beat them buy selling lower than the maximum priice. This way, you will beat everyone selling for maximum price, and it will probably sell faster. BUT, you can only buy a certain amount of items every four hours, to keep RWT's from Real World Trading.

priice → price

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Your guide would look way better if the pictures had some nicer lines. Instead of all hand-drawn you could use the circle function in Paint. Also, the straight lines for directions.

 

And, if you have absolutely no clue what you are doing at the Grand Exchange, check out the GRAND EXCHANGE GUIDE!

 

Awesome! Now that you know what you are doing (If you didn't before) we can get started...Not here...No look down!

 

Here!

 

Let's start off with some basic merchanting rules (More like Guidelines).

 

This is too informal, I guess.

 

Like I said it IS dangerous, but if you play your cards right, you could make an easy 10% profit.

 

WARNING: NEVER EVER MERCHANT PARTY HATS! THE PRICE NEVER GOES UP OR DOWN AND SOMEONE RARELY EVER BUYS THEM. IF YOU LOOK ON THE GRAND EXCHANGE DATABASE, YOU WILL NOTICE THAT THE PRICE NEVER CHANGES. REMEMBER WHAT I SAID: IF THE PRICE DOESN'T CHANGE AT ALL, DON'T BUY IT!

 

Sorry for the capitals, I just can't stress that point enough. I don't want people complaining that they didn't make or lost money because the item's price never changed.

 

First person shouldn't be used in a guide.

 

I'm not looking for credit, I'm just telling you your mistakes.

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this guide gets an A+. It makes merchanting so much clearer for me.

 

EDIT: When merchanting, I think it is important to merchant things that people will use a bit more regularly.

Edited by byahh_byahh

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this guide gets an A+. It makes merchanting so much clearer for me.

Actually, If you want to try to merchant the items in the guides on the site now go ahead! It's the best way I can find to lose money, besides trying to merchant and only reading a part of this guide!

Thanks!

~Vincent

P.S. Fini, this isn't meant to be a formal guide, it is meant to show people how to merchant!

Edited by Veni vidi vici

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Giving a better look to the guide, like the changes in the images makes it more comfortable for readers and more likely to be accepted.

 

Caps lock makes it look rude, since it's considered to be shouting. You can always request a note to be bolded. A disclaimer saying something like "Sal's Realm of RS isn't responsible for any price changes - Merchant at your own risk" would be good instead of all those caps message.

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1. Remove all CAPS

2. Never talk in the first person in a guide (I, me, myself).

3. Redo your pictuers. If hand drawn lines are the best you can do, just ask someone to make you better maps. Roy is quite good an images. I suggest you message him about some better looking maps/pictures.

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Very good guide, redone few images in spoiler.

 

 

 

 

Route to GE for colourblind users:

GEroute.png

 

[IMG=http://i298.photobucket.com/albums/mm276/victory_guy8/GEroute.png]

 

The rest are jsut neater:

 

runewarhammer.png

[IMG=http://i298.photobucket.com/albums/mm276/victory_guy8/runewarhammer.png]

 

DEATHRUNE.png

[IMG=http://i298.photobucket.com/albums/mm276/victory_guy8/DEATHRUNE.png]

 

coal.png

[IMG=http://i298.photobucket.com/albums/mm276/victory_guy8/coal.png]

 

 

 

 

 

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I just made a few thousand coins off of a test batch of monkfish--- this guide seems more than adaquate. Just thought I'd throw that in :huh:

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Thanks Victory Guy!

I just haven't had any time to edit this thing... You know... The place you go 5 days a week for 6 hours, sitting at a desk getting lectured by your 65 year old Jewish English teacher from Brooklyn... Yea...

Thanks, I'll add those in before the world ends!

~Vincent

EDIT: Changed I Lyk Toast's name to iToast :huh:

Also, the thing about Caps (Cruise Control for cool :huh:) is that there are some points that NEED TO BE STRESSED! Mainly, don't buy an item that's price doesn't move, unless you are going to use it for yourself. You will wait for it to go up (It won't) you will get frustrated, try and sell it, nobody buys it, you get more frustrated and then the price will probably decline. That is mainly when I use caps. OR when it's like "DOUBLE the danger." Stuff like that is just to stress important things.

Edited by Veni vidi vici

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Rule 3: Never ever sell for the maximum price! Nobody except desperate people buy things at maximum price. The trick is: A lot of people sell for maximum price, so beat them buy selling lower than the maximum price. This way, you will beat everyone selling for maximum price, and it will probably sell faster. BUT, you can only buy a certain amount of items every four hours, to keep RWT's from Real World Trading.

Change buy to by.

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Rule 3: Never ever sell for the maximum price! Nobody except desperate people buy things at maximum price. The trick is: A lot of people sell for maximum price, so beat them buy selling lower than the maximum price. This way, you will beat everyone selling for maximum price, and it will probably sell faster. BUT, you can only buy a certain amount of items every four hours, to keep RWT's from Real World Trading.

Change buy to by.

... Right... I'm just used to writing "Buy" so much in this guide. Thanks.

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I saw that your Varrock Teleport wasn't transparent. I'm not sure if you want it to be, but here you go just in case :huh:

 

68tvtv.gif

[IMG=http://i34.tinypic.com/68tvtv.gif]

 

Nice guide. I've been wanting to get some more merchanting done considering that :huh: trade limit looks as if it screwed up my money making career and my entire RuneScape Career.

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Why are you saying that phat's prices don't move? Just look at their graphs. :xd:

Because they only go down, and not enough people buy/sell them to effectively merchant them. Usually if it costs over 100m, then it isn't a good item to merchant, as not many people can afford it. The thing is that: Not enough people buy phats... or sell em...

TOO MANY CORRECTIONS OVERLOAD!!!!!!!!!!!!!!!!!!!!!

:huh::huh:

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This guide is much more written out than the regular Money Making Guide from Jeremy was. I'm sure I might go back to Merchanting if I even ever go back to RuneScape :huh:

 

Where be my nameola? :huh:

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Why are you saying that phat's prices don't move? Just look at their graphs. :huh:

Because they only go down, and not enough people buy/sell them to effectively merchant them. Usually if it costs over 100m, then it isn't a good item to merchant, as not many people can afford it. The thing is that: Not enough people buy phats... or sell em...

 

Then say that, instead of saying that prices don't move.

 

WARNING: This guide's prices are accurate from the time this guide was written, and will probably not represent the current market prices. The prices on this guide are accurate to the day this guide and pictures were written/taken and have most likely changed. Before you invest make sure you look at the Charts in the Grand Exchange database, and read this ENTIRE guide. If you do not, you may lose money. Always remember - MERCHANT AT YOUR OWN RISK.

 

The first two sentences say the same, remove one of them.

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