 Mini Money Guide For Runescape, u must read this to become rich |
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  Mar 27 2006, 06:54 PM | Post #1 |
 
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To become a successful millionaire in Runescape you will have to but a little bit of effort and never give up or become impatient. Giving up will only make it worse and it will leave you stuck with items that you really do not need and it will cause you to lose a substantial amount of money.
Be sure to learn your prices so you do not get ripped off. It may take some time to get a good amount of starting cash, but by following this guide you will be at full Merchanting speed by the end of the first week and you could find yourself making 500K per hour. So be patient and read my guide fully and carefully before asking questions. Here I will share with you all of my Merchanting secrets.
GETTING STARTED (MAKING YOUR FIRST 100K)
Even if you already have your starting cash you should read this section! It tells you how to make over 100k per hour easily with no skills required (although a higher woodcutting level may help).
If you are a member you can start making 100k+ per hour right away. All you need is a level one fletching and a knife. Keep the knife in your inventory and go cut normal trees. It took me two minutes to get a full load of trees and less then one minute to make them into arrow shafts. So for me, it takes me three minutes to do each round of logs into arrow shafts. You can do about 100 rounds per hour, which will be 540 logs cut into 8,100 arrow shafts. Shafts currently sell for 10 to 15 coins each (that turns the 8100 arrow shafts into 121.5K!) As you can see, you can easily make 100K plus per hour doing this. Once you get your first 100K and you wish to continue making money through arrow shafts then I suggest you get people to sell you the logs at 10 gp each. A good place to hire log cutters are the free world banks. You can pay them 10 to 25 gp per log and still make a good profit.
Another good way to make money is to buy the logs and sell to members without fletching them for 100 gp each. Note this is nearly impossible for non-member players unless they check and read the member forums often. I suggest you get about ten workers cutting you one hundred logs every ten minutes. That is 1000 normal logs every ten minutes and all you need to spend is 10k – 25k to sell for 100k. That is an 80K or 90K profit for 10 minutes of doing nothing!
If you are a member and you wish to make 180k+ an hour then all you have to do is run nature runes. It takes no skill and it takes about three minutes time per run. That makes twenty loads per hour. Twenty loads of twenty-seven nature runes are equal to 540 nature runes per hour (or 189K). You can check the Runescape forums if you need to find people hiring runners. If you were to sell the nature runes for 400 each it makes 219K an hour. This is twice the price of yews and is done in half the time as a full load of yew logs. That is why yew logs are NOT a good way to make money.
These are all great ways to become a member, plus the usual skill benefits, quests and everything else that Jagex uses to attract you to the member game.
Now, if you are a free player the quickest and most efficient way of making your first 100K is killing chickens (yes, chickens!). Kill the chickens and collect the feathers, it actually makes a great business for low level players to make money. Every chicken you kill will drop 5 to 15 feathers, which can sell for 10 to 15 GP each. So, that is 50 – 255 gold coins for each chicken that you kill. Below is the list of the possible income for each chicke killed
5 feathers = 50 – 75 gold
10 feathers = 100 – 150 gold
15 feathers = 150 – 225 gold
You can easily get 10K feathers in five hours of work. Once you have 10K feathers you can sell them by looking for a buyer in the Runescape member forums. You should get somewhere between 100K to 150K for your 10K feathers. You could also shear sheep until you get 1000 balls of wool (which do sell high if in bulk). Get at least 1000 wool if you choose this route. This takes a long time to do so I recommend that you kill chickens instead. There is also an option to buy the feathers from other players for 1 – 3 GP each. A lot of people will easily sell for that price. Once you reach 10K feathers sell them in the same way I mentioned above.
For the higher-level free players I suggest you mine iron ore until you have 1000 of them. These will sell for 100 gp each and will make you 100k easy. You could also fish and cook lobsters until you have 500 of them and then sell for 200 each (100K). Now that you have your first 100K (or your starting money) then you can start really making a profit.
WAYS TO MAKE MONEY
Merchantism
This is how a lot of Runescape players make millions of gold quickly. Merchantism is the act of making money by buying items for a very low price and selling in large amounts for much higher prices.
Merchant Tips
- Only merchant 5 to 6 items at one time. For me I like to use Cow Hides, Silver, Iron, Cooked Lobsters and sometimes coal. I buy the Cow Hides for 100 GP each and sell them on the Runescape member forums for 200 to 300 each. The best place to buy them from free players is in the Al-Kharaid bank (people like to sell them there and it is the closest bank to the Cows). You get people to get hides for you and hopefully they will tell their friends and other people and soon enough you have people begging to work for you. The people that work for me actual higher people to get THEM cowhides at an even lower price; sell to them and then they come to me. I laugh and let them do as they please, they think 100 GP is an amazing amount of gold but they have no idea that they are worth much more.
- Buy in bulk and sell in bulk. Be sure to buy stuff low and sell for a higher amount. I always make sure I have at least 1000 cowhides before I try and sell (because the more you have of something the easier it is to sell; and the higher you can sell it for).
- Selling in Runescape can take awhile. For bulk items use the forums for buyers. If you are a member then make a post about the items you are wanting to sell and you will usually get a buyer within 10 – 15 minutes (hides may take a little bit longer).
- Always keep a good amount of cash on hand and only use about 1/3 – 1/2 of your current money for the merchanting. You never know when you may come across a great deal while you are buying or selling other things and if you do not have the cash in the bank to jump on it the opportunity might slip away.
- Be firm on your prices! Many people will try to talk you into lowering your selling price or raising your buying price. Be firm and walk away a few steps; there is about a 70% chance the player will change his mind and buy your items or sell his. (Note that this is often not the case with rare items or other expensive items because they really do not want to buy it for that amount of money (or sell it for less).
- Hot items are the biggest profit items for Merchanting. These include Iron, Coal, Cow Hides and Silver. I actually used to run a company were I had like 15 miners working for me and I would pay them 35 GP per iron ore. I would usually get 25K iron ore from them all and I could sell on the forums for 100 gp each (So I spent 875K and made 2.5M!) Another option is to simply go to banks or wherever and say "buying all iron 50 gp each!"
- Avoid scams at all costs. Many merchants get scammed rather easily (I even got scammed myself L). Be sure to always double-check the final trade window before making the trade. If the deal seems too good to be true then be suspicious.
- Talk to noobs who just got their fishing high enough to fish Lobsters. Say something like "I will pay you 100 gp each per cooked lobster" and they will be happy because they think that is a very high amount. You can sell these in large amounts on the forums or around the wilderness area for 200+ gp each.
- To make more and quicker cash from merchanting then you should do bulk trades or deal in higher prices items (100K+).
- Always keep a calculator at hand! Windows has one in all of their versions, and make sure you have one. It is a merchant’s best friend! J
- Steel bars are still hot even now. Try to buy these for 250 GP – 350 GP each and then re-sell these for 500 to 600 GP each. The larger the amount you have the more you can sell each. If you do not want to buy the steel bars then buy the coal for 150 GP each and buy the iron for 50 GP each; smelt your own steel bars and sell them. I can generate 2.5M weekly from this depending on the amount of smithers I have hired.
- If you are a member I recommend you make Cannon Balls instead of just selling the steel bars. Each Cannon Ball sells for 200 to 250 GP each and you get 4 Cannon Balls for every bar! That is 1K per each steal bar and if you purchase for 350 GP each that is still a 650 GP profit from each bar. That may not seem like a big difference but when you are dealing in big amounts it could mean millions of GP more.
- I actually have miners mining me silver for 100 to 150 each and I get thousands and manage to sell for 350 to 400 each using (you guessed it) the Runescape forums. Try and hire a lot of miners and use a bonus reward system if they get higher amounts (it is not that much more out of your pocket and it gets you many more ore).
WAYS TO LOSE MONEY (WHAT TO NOT BUY OR DO)
Watch out for the following scams…
Team scams: Team scamming is very popular in Runescape. People will sell you an item for triple the normal market value. For example, they will get you to easily buy a Rune Warhammer for 100K or more. You probably are wondering how they do this (this is were the team aspect comes into effect). What they do is they have one person trading a Red Mask for a Rune Warhammer. Once you see that you will want to buy the hammer, and then the other guy comes in. The second person says they are selling a Rune Warhammer for 100K. You jump at the deal thinking you can get a Red Mask for it (even though you know the Warhammer is worth nothing near 100K). Once you have purchased the Warhammer, however, the mask man does not want to trade with you all of a sudden. You have just been team-scammed and you are stuck with a useless Warhammer that is worth nowhere near 100K.
One of the most common scams is that people will offer you 200K for your full rune set. You display the full rune set and he shows the 200K. You accept the deal and suddenly he offers another item, black legs or something. You wont think anything of it and will accept the trade. Then you realize you just sold your rune full set for 20k and a pair of black legs. Now you are wondering what the hell had happened. When you were making the trade and he added the other item he also changed the 200k to 20k at the same time. You are looking at the new item and both cash amounts look the same so you did not notice it.
Another common scam is someone will be selling a Rune Two Handed Sword (R2H) for 25k. You will put up the 25K and he will put up the sword but then he declines and says "Oops, sorry". When you trade again he will offer a steel two hander or a mith two hander instead and bomb, you just got a mith 2 hander for 25k. This is usually done in notes because an iron 2H and a rune 2H in notes look very close, so watch for this. As I said before, ALWAYS CHECK THE FINAL TRADE WINDOW! If you do this you normally will not get caught by some of these scams.
WHAT NOT TO BUY
I suggest that you never really buy anything that is trimmed, gold or god armour. The price is going down very quickly and by the next year they will be very near Rune armour. The same thing goes for all other Treasure Trail items.
Also, if you buy a Pumpkin or an Easter Egg… DON’T EAT IT
! They are very rare because they were only dropped on one day and a lot of people ate them or just did not bother to pick one up. I know, it seems like common sense but if you want to get rid of it sell it, they usually sell in the millions now a days.plze visit >>>Link deleted. Advertising is only allowed in your signature.<<< if u have any suggestion for my guide plze post or pm me
This post has been edited by Baakalor: Mar 27 2006, 09:17 PM
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Mar 27 2006, 07:08 PM | Post #2 |
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Mar 27 2006, 07:12 PM | Post #3 |
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Mar 27 2006, 07:48 PM | Post #4 |
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- Normal logs also have a small demand like shafts. It is also tricky to find workers chopping logs at 10 - 25gp each, unless you hire newbies.
- Wools? Am I missing something?
- There are so many cannonballs on the market that the demand for them has gone down. People would rather smith their own cannonballs to save some money.
The cow hides would involve lots of banking and newbie-hunting. 35gp per iron ore and 250 - 350gp per steel bar seems a bit too low. I'd be interested in where you've actually found your workers. Then again, they are based on ripping people off. Merchants actually buy things at the lower end of the selling price, which is nothing as low as yours. Probably why Twilight Ray is screaming.
Most people should know the prices before selling, so it's somewhat futile to take advantage of them. I'm not a merchant myself, so... *shrugs*
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Mar 27 2006, 09:18 PM | Post #5 |
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This post has been edited by Baakalor: Mar 27 2006, 09:19 PM
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Mar 27 2006, 09:23 PM | Post #6 |
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QUOTE(Mysticallity @ Mar 27 2006, 02:48 PM)
Then again, they are based on ripping people off. Merchants actually buy things at the lower end of the selling price, which is nothing as low as yours. Probably why Twilight Ray is screaming.
Exactly. To be a successful merchant means you've successfully ripped off someone else.
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Mar 27 2006, 10:03 PM | Post #7 |
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YOU NEED TO LOOK UNDER YOuR BED TONIGHT!!!
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Mar 27 2006, 10:11 PM | Post #8 |
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QUOTE(Twilight Ray @ Mar 27 2006, 04:23 PM)
Exactly. To be a successful merchant means you've successfully ripped off someone else.
That isn't always true. Like when i was doing rune essence merchanting, I would buy from 1-5k ess at 20-25 each. Technically its not ripping them off unless they had paid 26+ gp from them to begin with. If they mine it and come and sell it to you, they are getting money no matter what the actual price of ess is at the time. Also I got scammed probably 2 times, and like 6 times tried. I always double check the second and first trade windows every time.
I do have to say that its a fairly decent guide, even if it is or isn't yours.
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Mar 27 2006, 10:17 PM | Post #9 |
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QUOTE(Zaw1314 @ Mar 27 2006, 05:11 PM)
That isn't always true. Like when i was doing rune essence merchanting, I would buy from 1-5k ess at 20-25 each. Technically its not ripping them off unless they had paid 26+ gp from them to begin with. If they mine it and come and sell it to you, they are getting money no matter what the actual price of ess is at the time. Also I got scammed probably 2 times, and like 6 times tried. I always double check the second and first trade windows every time.
I do have to say that its a fairly decent guide, even if it is or isn't yours.
If I convinced someone that a r2h was worth a mil and sold it for that much, I'd be scamming them. If I convinced someone a phat was worth 100k and bought it for that much, I'd be scamming them.
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Mar 27 2006, 10:18 PM | Post #10 |
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Mar 27 2006, 10:20 PM | Post #11 |
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QUOTE(Zaw1314 @ Mar 27 2006, 05:18 PM)
thats a little bit different though.
How so? I'm not telling people the true price for an item, and neither are you. Just because you do it on a much smaller scale doesn't make it any different.
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Mar 27 2006, 10:24 PM | Post #12 |
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QUOTE(Twilight Ray @ Mar 27 2006, 05:20 PM)
How so? I'm not telling people the true price for an item, and neither are you. Just because you do it on a much smaller scale doesn't make it any different.
Yes, but its not like i'm telling them they are worth only 20 gold each, so sell me your ess for 20 gold each. Usually there are other buyers there buying for 25-32 each. so basically it'd be not a scam, its just common sense to not sell to me.
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Mar 27 2006, 10:40 PM | Post #13 |
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Mar 27 2006, 10:45 PM | Post #14 |
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Mar 27 2006, 10:47 PM | Post #15 |
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QUOTE(Twilight Ray @ Mar 27 2006, 05:45 PM)
Yeah, you do have a point with that one. Personally, by offering a lower price than usual, I think you're taking advantage of other people's stupidity, but if there's other people offering a higher price right next to you, then they're just idiots for trading you =\
That is what i was reffering to. there'd be about 3-5 people around me buying at 25+ gp each. but i do agree with their stupidity.
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