The art of buying and selling: For Beginners
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by Bill Bergey
If your goal is to make money, this article is for you. The key to making money is working (or buying) and selling. Mainly selling.
What you should do is buy cheap weapons, or food that are in major demand. (producing also works but it uses up your raw resources) After purchasing the cheap materials, wait for a few days, weeks, or even months while the market changes and those cheap materials, rise in price and we'll be able to sell them making a profit.
Yes, this is mostly known, however, many don't do this and there ePerson goes broke! Money is important these days so try to get as much as you can.
When you deal with money you should always be careful not to go bankrupt. You can prevent this by using a plan. If you use the buy cheap, sell expensive plan, you need to set a spot in which your money is low and so should stop buying. Say you had 12000 USD and you buy bulk and now you have 200 USD you're low and should stop spending.
You should always watch the market and the current tax rates to get the most for your money and not prevent losing more. The current economy of your country should always be a factor when you try in do any buying or selling.
Note: Your low point is up to you and should be set at a point in which the economy allows.
Like with all plans, bankruptcy can't always be adverted.
BE RESPONSIBLE WITH YOUR MONEY.
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Comments
This is a great plan! I shall implement it immediately.
Futures—The way to make money in eRep! ...since prices always rise and all.
The most important thing is to "try to get as much [money] as you can."
if you do this make sure you pay close attention to haw much taxes will be taken out so you know what price to sell your items at.
make sure your math is correct and everything good luck with this tho 🙂
well what profit margin do you work with? i am going for 10% return. per wep. though i don't got load of cash 🙁 so starting to collect weps is taking time.
what kind of weapons are you buying?
q7. you think it wold be better to do different qs?
oh no lol i would prefer Q7 you can make more money and prices change more often and in larger amounts i havnt checked the prices on them today but yesterday they were 6.80 i think but they can jump up pretty high when eUS gets envolved into a conflict 😛
You can make some good pocket cash doing this. You need to be patient don't just jump and start buying. Wait and once you have a good deal then buy it. Also you should use a calculator when buying weapons and food.
SELLING FORMULA
SELLING PRICE > (PURCHASE PRICE)/(0.95)
I made about $100 today so far I have not done this in a while. I find it fun if you want to be unproductive. lol
voted
thank you! voted