Knowledge pays off ~ How do I make lots of GP from Items I already have?

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Wow, thanks alot, this guide was exactly what i was looking for, my inventory is all filled up with golds and I have no idea what there value is. With your help I have been able to better determine what is for the merch and what I can actually sell.

Thanks again!

Another general good thing to remember -

When you're in missions or just anywhere else, have a good portion of your inventory empty. Pick up everything that drops, and the next outpost or town you visit, just sell it all to the merchants. ID the blues and purples. But here's something good to remember -

If you find golds that are common skins and over 8-9 req. don't id them. Wait until you have 7 and sell them for 5k. You'd be surprised how quickly it can add up

Omega,

I'm not trying to discourage people from selling, or from clearing their stashes out, gods forbid. I have to do that fairly often enough myself! What I meant by it's not worth my time when people laugh at the prices I offer to sell for is that the price guides here on GWG are *NOT* up to date in the least. Go check out the PC Guide that lists Legendary Swords... a q9 lists for 40-80k. Go ahead. Try to sell a Legendary Sword for that much. The only thing that you will see is people interested in trying to lowball you, then laughing at you and calling you a n00b.

I tried for 4 months to sell a q9 15-22 15^50 20/20 +30hp Legendary Sword, both in the Sell Forum here on GWG and in-game. When in-game, I would spend 3-4 hours at a time in LA, KC, and Kamadan trying to find a buyer. I referenced the PC's here on the forum, and still, offers were never more than 5k, mods and all. When the mods alone cost more than the weapon, and Perfect Salvage kits are a dime a dozen, I'm not selling a sword with 3 max mods that I can get bare minimum 12k for for 5k, just so that someone can lowball me on the worth of the weapon, P.Salvage the mods, and make money off of me. That's my frustration.

Even on the Sell forum here, I received 0 replies. None. In 4 months. The Sell post had an in-game picture of the sword being wielded by my Necromancer, along with a PS'd miniframe of the Item Description from the Inventory Icon. I took time and effort to put together the thread, upload it to Photobucket, and put forth a simple, but neat and efficient WTS thread. No offers. It's not my self-esteem that's the problem, it's the fact that even after 4 months of trying to sell the weapon, I kept getting lowballed offers in-game, and no responses whatsoever on GWG. And no one would even try to haggle. I *like* haggling. But a sword that PC's for 40-80k, fitted with max mods, and someone tries to buy it for less than the cost of the Fortitude Pommel? Not just one, but MULTIPLE 'serious' buyers? That just shows you the state of the in-game economy, which, right now, is bust unless you honestly have a RARE weapon.

Those things being said, for all of you that are attempting to find buyers for your items, Lyssa's Luck to you all. Start with, and if possible, stick with mods, or as Golganneth said, leave them unID'd and sell them in a bundle to people working on their Seeker of Wisdom Title Track, you'll net more money in the long run.

This is a great thread, Omega, don't get me wrong, but very few items anymore sell for a price that is worth waiting around for. Most of my items get tossed to my main to ID for his Seeker of Wisdom title, or if I'm too far ahead of my Treasure Hunter title (as I get way more gold drops than gold chests, it seems) I bundle them to sell as unID's...

-Rq10 Dragon Hornbow clean for 2k
&
-Vertabreaker clean rq9 3k

It took me about 45 minutes,





well why would you spend 45 min when u can merch them to merchart for about 400 gold together and than gu\oing to like ascalon even and farm there for 45 min and u get more than 5k.

i usually give greenies to new people in ascalon or i destroy them cause they aint worth anything nearly. thins u wanna sell are high end stuff . greenies are woerth mostly 1-5k so i wouldnt botther.

Edit: the mods you listed arent worth much at all. the only mod that yield a bit of money is forget me not.
sorry to say but i think the guide sucks

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Nice guide! I always hate selling these days. I remember the day when a req 9 15^50 chaos axe was 100k+, now I see them going for maybe 40k. It takes me hours to sell a single thing, and I always end up buying something haha.

As for the req 8s being highly desired, I've had a req8 perfect runic axe for more than a year, and have put it on the market with no bidders!

Also, as for Rocky, most of the Grenths/SF area greens you're right about, but some greens still sell for a lot and are quite valuable. For example, I still sell Rago's staff for 45k. Maybe you just have the bad ones that people who are standing by the fire at the Warcamp saying "WTB ALL YOUR UNWANTED GREENZ OMG 500G! COME AND I WILL BUY blah blah blah".

But anyway, nice guide. I have three mule characters that I haven't actually used in ages haha

Nice guide, especially the organization and having all the information in one place.

I thought this might also be a good place to post a few modest suggestions about increasing one's farming profit that I found out about relatively late in my career but would like to have known all along. Although they tend to have less to do with selling to other individuals than to the merchants, it all goes to making money, so here goes:

1) Sell at the beginning of the weekend. There is a natural ebb and flow of economic activity throughout the week. Presumably, this is because more people play on weekends. Furthermore, at least some of these people are under a bit of a time constraint to get their characters up and running with whatever build they are looking to install. So, they buy materials and runes rather than farming them, which tends to increase the price at the Material and Rune Traders. The upshot of this is that you typically want to stockpile whatever materials and runes you get until Friday or Saturday and sell them then. You can often get an extra 20g-40g per material lot or 50g-100g on a good rune. Note, however, that some commodities are insensitive to this effect, e.g., Bones and most Major Runes, because there is never enough demand (or too much supply) to push the prices around.

2) Identify white items. Surprisingly, this increases their sale values. Be aware that this won't work on materials and collector items, and don't bother if the item is worth less than 10g-15g, the added profit won't cover the cost of the identification -- 4g.

3) Convert your wealth to gold. In the time that I have played the game, Ectoplasms have dropped to about 1/4 of their initial Material Trader price. Black Dyes have fallen by maybe half, and Silver Dyes have lost essentially all their value. Most Green items that were once the rage fetch only a few platinum pieces now. On the other hand, the value of gold pieces has, if anything, appreciated; in other words, you can buy more with less now than at any other time that I've been playing. So, it only makes sense to sell off your assets for cold, hard cash, so long as you have the room to do so. If you have completely filled your gold storage, I would recommend spreading your wealth out -- in other words, buy smaller amounts of many different things -- so that you won't be hit so hard when, say, the next big UW farm hits and Ectoplasm prices drop again. Apparently, some ultra-rare, perfect weapons are good investments, but I don't have *that* much money to back up this claim.

4) This is slightly off-topic, but important nonetheless. Work on optimizing your farming runs. Don't assume every build on Guru is the best it can be (youtube and PvXWiki are even worse in this respect, in my opinion), and saving even 10 seconds can make a difference on quick runs, e.g. faction farming. Saving 30 seconds is almost always worthwhile. Consider this example. Let's say Player A can run to the Raptor cave, kill everything inside it, pick up the drops, /resign, and warp in again in 2 minutes and 30 seconds, a respectable, if not quick, time. Meanwhile, Player B can do the same in 2 minutes flat with an optimized build. Let's also assume that this nets Player B an even 10k an hour. All things being equal, the extra 30 seconds means Player A is only hauling in about 8k an hour. As long as you're going to be farming for that hour, you may as well get everything you can from it.

In order to optimize your build, it's important to figure out where your time is being spent. For that, you may want to record a few runs. If you find you are spending the majority of your time running between fights, you'll want to throw in a running skill. If you are spending most of your time fighting, add another damage skill. If you have to wait long periods for your skills to recharge, try something like Arcane Echo or Glyph of Renewal.

You might be wondering where you're going to get all these skill slots from. There is often some "slack" in a build that you can eliminate, that is to say that you can often get rid of 1-2 skills if you change your profession(s), equipment, or play style. Some particulars: you don't have to stay at 100% health throughout your run, you just have to stay alive. The same goes for energy. Given that, rarely do you need both Balthazar's Spirit *and* Essence Bond. If you are running out of energy, try aggro'ing more creatures. Assuming you're running at least the normal amount of hit points, it takes a pretty long time to degen to death, especially via Bleeding. If you can finish your battle promptly, you can often just ignore it. Don't bring Armor of Earth in a Terra Tank build when you can get by with an appropriate shield, or similar. These are very general suggestions, and they might be mistaken in certain circumstances, but the point is this: don't give any skill a free ride on your skill bar. Make sure there is a point in having it and that it can't be replaced with something better.

One simple, little trick to improving your run times is to re-enter outposts right after warping into an explorable zone. This ensures that you zone in close to the exit warp after /resign. That way, you don't have to run as far through the outpost between runs.

5) Finally, you can forget everything else I've mentioned, but take this one piece of advice: move quickly when any new profit-making venture comes along, be it a new farming build, event, weapon skin, etc. In Guild Wars, as in real life, the highest profits go to those who can exploit opportunities the quickest. Beyond that, you can never be sure that a nerf is more than a Thursday away. In order to be quick, it helps to be informed and to be poised. Keep informed by checking the updates page, reading guru, and talking to other players (incidentally, if you come across a large number of people warping in and out of some out of the way outpost for no obvious reason, do yourself a favor and find out what's going on; players flock to the cash). Stay poised by having at least several level 20 characters, preferably in the farming professions (Elementalist, Assassin, Monk, etc., not so much Paragon or Mesmer) who have completed or at least explored most of every campaign you own. It helps to stockpile about six tomes of every profession and maybe an elite tome or two and to have at least the interesting skills unlocked or captured.

If, for whatever reason, you can't get on board with the latest craze, then try to sell to those people who are. For example, when perma-Shadow Form came out several months ago, the price of Tanned Hide Squares basically doubled as all the new Assassins bought armor.

That's all, hope it helps!

Nice guide. But to be honest, some items takes too much time to sell, making it a bad business idea. For example, places where you just farm thinks, like raptors, all the drops, besides elemental swords, don't make you any 1k per Q9. I have tried, and tried to sell a Greater Sage Sword for 1k, no go. I even tried as a test, just to see how the market works, to sell a Greater Sage Sword with +30 for 2k, and no one would buy. So for most things, better to sell to merch or give to heros, and spend more time farming, rather than spending 30 mins trying to sell a Q9 for 1k.

For some people, the hardest part of the game, is to know whats on demand, and how it sells. A guide in that direction would be far more helpful.

Anyways, having large inventory is a bad idea, you only make money when you can't keep things in your inventory, cuz you sell them. :P

But lots of good help in your guide, very helpful.

you should come out with a book entitle "selling stuff, for retards" Seriously though well known tactics for selling garbage, but, for those that don't know, good job this'll help, but one thing i disagree with is using the pcguide on guru with the long listings, those things suck and every price update is always already 3 months old, gg.

Very good guide, informative and well put together. Well done.

I wont bother trying just for making money though as IMO (for time spent) Farming > trading golds/upgrades so the merchant/my heroes get most of my stuff.

This could be good for dedicated raptor farmers, for example, because of all the golds... that's if they dont sell them as un-id's which will probably also always be better than doing this...

Anyway, like I said, nice guide for people that dont farm much and have storage space issues.

Thanks for your input Nechtan Thaumaturge you offered some great info for me to consider! This guide was a great starter for me, now I pretty much just power sell but this guide helped me learn the ropes, thanks again guys!