Today MmoGah is sharing a Flipping guide for RS3 beginners who are new to Flipping. This guide will be explaining how to flip and earn RS3 gold from the Grand Exchange in RuneScape 3. This guide also explains what High Volume Flipping is as well as Low Volume Flipping.
Flipping is buying an item for a low price and sell it for a higher price. To flip items on the Grand Exchange, you need to do a buy/sell test first.
The buy/sell test is an important tool used to determine the market value of an item in the GE. The price at which an item is trading for in the GE may differ slightly or even greatly from the guide price.
Let’s take the Dragon bones for example. In order to determine the market value of Dragon bones, you first put in a buy offer for one quantity of it at considerably above the guide price. The amount that it buys for is the instant-buy price (high end of the price range).
Next, you offer to sell that one quantity of the Dragon bones for considerably below the guide price. The amount that it sells for is the instant-sell price (low end of the price range).
So, if you buy the Dragon bone for 1,665 rsgp and sold it for 1,660 rsgp, then it gives you a profit margin of 5 gp or 3%. As the profit margin on this item is very low, this will be a high volume flip rather than a low volume flip.
Warning: The buy/sell test is not suitable for expensive items and may result in a substantial loss of wealth.
High Volume Flip: When you buy a large quantity of items for a low price and sell it for a higher price.
Rule of Thumb: Only do high volume flips with a profit margin of at least 1%
Low Volume Flip: When you buy a small quantity of about 1-4 item(s) for a low price and sell it for a higher price.
Rule of Thumb: Only do low volume flips with a profit margin of at least 3%
Youtuber Silenced buy 1 Prayer potion on the GE for a very high price and sell it for a very low price, then he goes to the Trade History to check the difference between the buy and sell. He buy the Prayer potion for 2,898 gp and sell it for 2,809 gp. The difference is 89 gp, so the profit margin is 3%, which means this is a very good flip to do.
When Silenced decide to flip Prayer potions, he buy 2,000 Prayer potions at a price of 2,809 gp each and sell them at a price of 2,898 gp each.
Flipping also requires you to have a lot of RuneScape gold to invest, and when you are flipping items, you need to be patient because it requires some time to buy and sell all the items. Please click Silenced’s video for more details on how to flip in RuneScape 3, and all the content of this article is quoted from his video:
Good Items to Flip
Some of the safer flips would be those items that are traded very often. You can find the list on the Grand Exchange Market Watch, under the Most Traded Items. You will notice that many of them are stuffs used for PvM.
There are also some good items for low volume flips. When Silenced released his video guide, Torva Boots, Bandos Chestplate, Bandos Tassets, Pernix Chaps, and Zaryte Bow are all pretty good examples for low volume flips.
*Note that the profit may vary everyday, so make sure you check the their prices before you flip.
|Item||Cost||Estimated Profit Margin|
|Torva Boots||~11M-12M rsgp||~500K rsgp or 4%|
|Bandos Chestplate||~2.5M-3M rsgp||~150K rsgp or 5%|
|Bandos Tassets||~1.4M rsgp||~75K rsgp or 5%|
|Pernix Chaps||~18M rsgp||~500K rsgp or 2.5%|
|Zaryte Bow||~7M rsgp||~300K rsgp or 4%|
Keep checking back for more money making guides related to RuneScape 3 gold as well as Old School RuneScape gold on our RS news page. We have some low requirement money making methods for RuneScape 3. There are also 5 F2P items that are pretty good to flip for RuneScape 2007 gold.
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