Intro: What is Flipping?
Flipping is the art of buying an item off the GE for a low price and selling back straight away for a higher price, thus generating profit. Flipping can be done with ANY item that is listed on the Grand Exchange. Flipping is very much like merchanting except that you don't hold onto the bought item and you try to get rid of it once you've bought it. With the return of FT flipping has become even easiser and less painfull.
Step 1. Find an Item and Checking Margins. [ When your just starting out you should pick an item to flip from this list here : [[[[HERE]]]]Once you have picked any item buy it (1) for double its market price on the GE. It should buy instantly. Write down the actual price that you BOUGHT it for.
Now sell that item(1) for half the market price on the Grand Exchange. Write down the actual price that you SOLD it for.
Step 2. Reversing, Buying and Selling. : Now REVERSE those prices so that the price that you sold it for becomes your BUY price and the price that you bought it for becomes your SELL price. Now buy the item in bulk for the reversed BUY price. Wait for them all to buy then Sell all of them for the reversed sell price. You SHOULD have made money
Example : I pick the item Fire Rune. The instant buy is 5gp and the instant sell is 4gp. I reverse and buy 25k fires for 4gp wait and then sell the 25k fires for 5gp.
PROFITS : 25,000 * 4 = 100K gp. (BUYING)
25,000* 5 = 125K gp (SELLING
Hope you enjoyed, by Dhalism.
Last edited by Dhalism on 2011-12-14, 06:42; edited 12 times in total