Kara Books
Deal with IT.
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Posted - 2012.04.27 18:53:00 -
[1] - Quote
contract trading can still be equally profitable if you know what your doing, but I find it to be mindless drone work with heavy loads of time investments required.
As for making agreements, of course when you see something obviously overpriced, you shoot them a Just above buy order price and chances are they will agree 2-4 days after the very costly item of their doesn't sell like the hotcake they think it is.
Also, catching peoples mistakes, in particular people who do not know what market trends fat fingers ETC are in the first place can yield another 5-10B with a mere 6-7B investment, per month.
Lowballing with 1 item, those 30-40 contracts is also a very effective strategy one must be careful to observe, learn and avoid manipulating the market in that sort of way, once a merchant catches on, he tells a few of his friends then your going to have a problem with sales numbers keeping up with the amount of said good being introduced into the game.
Blue prints, yes the most ignored aspect of contracts, Iv netted the most profit from catching people sell researched BPO's and pirate BPC's a good amount to low, sometimes I would have an overstock and when they go to high, I post a few up there when the desired people on my watchlist went offline, quite the tactic, as its very easy to add people to the watchlist when the contract system is so open with character names.
Listing 30-40 of the same item at a time, can sometimes trick people into thinking its the cheapest, but some one who looks for mistakes will simply post 1 item up when your done and pretty much take all your time and profits, this is what killed you in the last few months, especially with the low damage mods, as I was watchful for the price fluctuations catching the highs with single items, relisting them as they sold.
the contract system was becoming over saturated, you should move into station trading as its empty right now, you can establish a very good passive income if you, retrain yourself.
The contract system is now new, iv pulled out for at-least 6 months until the dust settles. |