5M-10M

Flipping Expensive Items (5M-10M)

By reading the title, you might be asking yourself, what is flipping? Flipping is a term that describes the action of buying something for a lower price, and selling it for higher. It's basically the same thing from the last two sections. Except now, you are going to be dealing with very expensive items instead of low priced items under 1000GP.

The items you will be dealing with now have a high price tag, running anywhere from 20K-1M. Yes, its very expensive to buy per item, however there is an advantage to buying items for such a high price tag: The range of their maximum and minimum prices. Before, the items you would merchant had a difference of 10-20 from max to min, maybe 50gp difference at the highest. However, the items that you will be dealing with now have thousands of GP in difference from their minimum price to maximum price. If you play your cards right, you can make a lot of money from this.

Here's a record of my flipping from a while ago that you can follow along in order to get an idea of how this is going to be like:

One morning I realized that there was a huge difference between the minimum and maximum price of a Rune Berserker Shield (90K minimum and 135K maximum at the time).

Having a few million GP, I decided to invest a few hundred K's into Rune Berserker Shield and see how it works out (of course, the other millions of GP were invested in other stuff at the time). So I bought 5 Rune Berserker Shields at 100K each (10K above the minimum asking price, but still 35k under the maximum asking price)


I placed the order and went to sleep. When I woke up the next morning, to my surprise, the order had been filled (because there are desperate people who need money, so they sell at near minimum prices in order to get money quickly)

After buying the 5 Rune Berserker Shields, I immediately put them for sale, but for 130K each, meaning I am selling all 5 of them for 30k more than I bought them for. Then I went to school.

Once I got back home, they were sold! (After school is usually a busy time, so there is high demand for items used for Bounty Hunters, Dueling, Fists of Guthix and all the other fun minigames)

So lets see how much of a profit I made.

Money Made Selling Shields - Money Used Buying Shields = Profit

650K - 500k = 150K!

So I made 150K just from being on Runescape for about 2 minutes to place the buying order, and the selling order. 2 MINUTES of being on Runescape, and I made 150k!

Then I tried it with seven...

A 210K profit!

Well, it seemed to me like I was on to something, so that night before I went to sleep, I decided to place another order to buy shields for a near minimum asking price. The next morning I woke up and found that I bought had 10 for 95K each, meaning I spent 950K buying all 10. That morning I put all 10 to sell for 125K each, and left to school. I come home, 1.25M sitting in my collection box.

That means a profit of 300K just from spending 2 minutes placing a buying and selling order!

I continued the process and made bigger deals

And that was a recollection of my experiences flipping the expensive item Rune Berserker Shield. So you see, if you flip expensive items that have a wide margin between their minimum and maximum values, you can make a lot of money.

Now, it has come to my attention that the price of Rune Berserker Shields has stabilized, so you can't do exactly what I did back then. However, here are some items that are currently hot on the market; items which I would recommend for expensive item flipping:

Free Worlds:

• Treasure Trail Items (trimmed armors, gold armors/robes, god armors)
• Fists of Guthix Rewards
• New Items that come out
  
• Easter Eggs and Pumpkins (For when you become experienced and have at least 6M)

Members:

Including items already stated in the F2P list, you can trade items such as...

• Seeds
• Herbs
• Potions
• Higher Level Food

Tips:

• ALWAYS ALWAYS ALWAYS be on the lookout for new items that just came out. If they are expensive, like the Rune Berserker Shield, chances are that there will be tens of thousands of GP between their minimum and maximum price, meaning you could make tons of money without having to more than 10M gp already on you.

• You shouldn't invest all your money into expensive item flipping. Instead, have some money invested into things mentioned in the last sections, and use a chunk of your money for expensive item flipping, because you never know which way the Roller Coaster like Grand Exchange will head next.

Stay tuned for a 10M-20M guide section coming soon!