OSRS Flipping - Finding price margins of items over 1m
In this guide I rely on the use of OSBuddy, to gain information about item prices. I'm not telling anyone to get OSBuddy, but it is a helpful tool for merchanting as it gives the active price of the item.
I've been seeing a lot of people struggling and complaining about finding the margins for high price items, so I decided to make this guide to help out a bit. In reality, finding the margin of items over 1m is fairly easy. There are two ways to go about it: the traditional method of buy high sell low, and price adjusting.
The for the first method, the procedure is the same as checking the margin on a 500gp item. You buy it overpriced and sell it underpriced. This method creates a small initial loss, but you make up for it with your profits. This method is also the reason why newbies are anxious to try high price items; they are afraid of the losing the money. Losing money happens often while flipping, and it is nothing to fear, for you still manage to make an overall income. This is one of the methods for checking prices, I personally don't use this one too often except for items I am completely unfamiliar with. In this guide I will focus on the 2nd method: price adjustments.
For the 2nd method, you choose a random price for which to buy the item at. As a general rule of thumb, choose a price lower than the active price.
The active price for the ring was 3116k, I set the price to buy at 3080k.
As you can see, the ring bought for exactly the price I set it to. This means that someone was selling the ring fro a price lower than my buy price. It also bought fairly fast, which is a good indication that you can lower the next buy price.
For the next part, you guess the sell price. The sell price is usually around the active price. I try not selling it for to much lower.
Profit: 36k
As you can see, the ring sold for exactly the price I was selling at. This means that someone was buying a ring for a price higher than my offer. With this information, we can raise the sell price on the next flip.
For this next flip I lover the buy price because I know that people sell them fro less than 3080k
Wait a little bit.
Again as you can see, the ring bought for exactly the price I was buying it at, this means that for the next flip, I can lower the buy price even more.
To sell the ring, I set the price 9k above active and sell it.
Profit: 54k
As you can see, the ring sold for the exact same price as my sell offer, meaning that someone was buying it for over my price. For the next flip, you can raise the sell price even higher.
You will reach a point at which the items don't buy or sell, because you set your buy price too low, or sell price too high. When that happens, adjust your prices and do it again. You will find the margin for the items like this.
