Just to keep everyone updated, I am now at 62 Million GP. Post if you have any questions about how I am making so much off of merchanting.
Archive for the ‘Make GP Fast’ Category
Just broke 60 Million GP on Runescape
Monday, June 15th, 2009Broken 50 M marker
Thursday, May 7th, 2009Just to update everyone on my merchanting status. I have just passed the 50M point, with a grand total of 51M in my runescape bank account.
I will try to add update posts when I reach each 10M marker.
Thanks =-)
farnelp
Does merchanting kill joy for playing?
Wednesday, April 22nd, 2009I have played Runescape for about 3 years now, and I have always been hooked on the game and played religiously several times a week. As of the past 4 months or so, I have been merchanting and only logging in about 10 minutes a day. I have been watching my cash pile grow and I have gone from 10 million gp to around 46 million gp in this time. Recently I had a spare couple of hours to play, and when I logged on I didn’t want to take any of the merchanting money and buy armor or weapons to train. It was as if my money was locked up and couldn’t be used because I didn’t want to dip into the money that has been getting pure returns.
So my question is this, will I ever have enough money to spend wastefully? Will I ever have enough money to take it out and spend it on something besides a easily merchantable item? …my theory is no, why spend it on an item that isn’t going to return profit, even though it returns enjoyment and xp… my outlook on Runescape has been tainted, and the game has less enjoyment than before, even though I am still addicted to making more gp every day.
Though my gp cup runs over now, I feel poorer, and I have become a slave to my desire to make more money and keep reinvesting my profits. Have pity on me… (not really, don’t pity me, I am a riach biach =-P )
How to make loads of cash and play less than 10 minutes a day.
Thursday, March 12th, 2009I have gone from 10 million gp to 30 million in the past 4 months, and I have only been playing for about 10 minutes every day or every other day. What do I do you ask? Well please read on…
- I started off by basically selling everything that was worth more than 100k gp. Weapons, armor, ores, etc. Everything was sold to generate merchanting revenue.
- Next, I went to the Grand Exchange north west of varrock, and purchased as many Cannonballs as possible (at the time a single cannonball was averaging 185, so I bought around 50k at 181gp each. Please note that there is a 10k limit per 6 hours ( I think ) on cannonballs, meaning that you can buy up to 10k cannonballs in that time period, but then it waits before it will start buying more.
- If you don’t have Varrock armor, then skip this step. Wearing varrock armor, I now went to the battlestaff salesperson in varrock, and bought battlestaffs. If you have varrock armor 3, then you can buy up to 64 @ 7k each. Then I banked them as I bought them, and once I bought as many as possible I took them to the grand exchange and sold them for their average price (you should make about 1k per battlestaff extra). If they immediately sold, then I got the cash and put a bid up for more cannonballs at their average price minus 4gp.
- I then logged out and waited until the next day.
- Next day. I logged back in and collect any cannonballs that had been purchased, and cancelled any bids to collect any unused gp.
- Next I put any cannonballs that I purchased up for sale at the average price plus 2 or 3 gp. (Depending on which way the market is going, this may be just a little more than you bought them for, but it could be up to 10 gp more).
- Then I took my unused cash and put a bid up for as many as I could buy at the average price minus 4 gp. (saving about 450k for battlestaffs since I could buy 64).
- I repeated these steps daily, or every other day, and I now have 30M in my bank account and it is constantly growing. Try this approach or find other items that you feel could be profitable, and let me know how it worked for you.
Please post any suggestions or ideas below.
Thanks for reading!