Flipping for Beginners
Flipping in Guild Wars 2 is one of the easiest methods available for making gold on the Trading Post, however to new players the terminology, graphs and market changes can quickly become confusing. In this guide we will share all the knowledge required for a new player to successfully purchase, list and sell and item for a profit.
Before we start, please read all of the bullet points below.
Step to Step guide to Flipping in Guild Wars 2
I have noticed that a lot of other guides for flipping in Guild Wars 2 simply suggest markets to invest in but don’t actually explain the key steps required to buy and sell those items for a profit. Instead of highlighting a individual markets and letting you stumble around in the dark, I am going to share with you the exact steps I take when flipping and item on the Trading Post.
Step One: Finding an item to Flip.
Our first step in flipping is to find something that will buy and sell quickly for a decent return, somewhere around 10 to 20 percent is good. To do this we will be using one of the many Guild Wars 2 tools available for tracking prices on the Trading Post, gw2tp.net.
This Trading Post tool is one of my favourite resources for short term investments and flipping in Guild Wars 2, I highly recommend bookmarking it and also installing the Chrome Extension tool. When you visit the website, the first thing you will notice is a very large list of “flippable items”.
Unfortunately the flippable items list has a lot junk in it, as it only filters out items with less than 750 supply and demand and offers no other search criteria. That’s not to say its bad, you just need the experience to interpret what items are worth investing in. (A little bit of common sense and item-use knowledge doesn’t hurt either) So ignore this part of the website for now.
Instead we are going to use the tools search function to our items to flip, these can be from markets such as Crafting Materials, Dyes, jewellery and slot bags to name a few profitable markets. There isn’t any secret method or science behind finding these items, simply type in an items name and check the supplied graph and data for some important signs:
- First of all, is it profitable? (look at the “Flip Profit” category!)
- Next, take a quick look at any discrepancies between the supply and demand, it is generally a good sign if there is more (or similar) buy orders compared to sell orders.
- Then we check for market activity, is there a lot of movement in the graph? (blue & red lines)
- Now ask yourself, Is the current buy price high or low? what about compared to the previous day/week? (the buy price is the red line) You do not want to buy an item when the red graph is currently peaking (high).
Using the above graph as an example, we can see that the market is active with some nice fluctuation over the week and that any movement in the buy price is also reflected in the sale price. We can see there was quite a large spike on the 12 March but the price quickly corrected itself so there isn’t much to worry about there. The supply and demand has also dropped compared to previous days so I would be happy to invest in this item.
For the step to step flipping guide, I will be using the “Wrangler’s Bag” as an example.
As we can see the item has a nice 2 silver, 77 copper profit which is roughly a 51% return after the taxes. It is important to note however, that on average only 10 – 20 of these bags are sold (or removed) from the Trading Post every day.
Step Two: Buying your Stock
Now that we have found an item to flip, we need to buy it! Head over to your nearest Trading Post building and talk to one of the NPCs inside. Since we are just starting out and are only interested in experimenting with new markets we will be cautious and only buy one bag.
Looking at the current buy orders, we can see there is already 5 orders waiting to be fulfilled at the 5 silver 38 copper price, however since we are only buying one and are only looking to “test the water” we will jump the queue and list our buy order at 5 silver 39 copper.
Step Three: The Wait
Now that you have listed one buy order, why not repeat the same process with more items? The more you spread your gold over different markets, the better chance you have of fulfilling buy orders!
This is called diversification, reducing risk by investing in a variety of assets (items). This helps to protect your investments if one of your items drops below profitability. You will still have the gold gained from other investments to cover the loss.
If you have spent all of your gold, go collect more! Run around Tyria exploring dungeons, Capture a pet Quaggan, battle some fierce dragons or just beg on the streets of Divinity’s Reach.
Step Four: Collecting successful buy orders
Once you grow tired of slaying overgrown lizards,running through damp caves and getting chased through the streets by drunk role players you will probably notice the little lion icon at the top left hand corner of your screen now has a red exclamation (!) mark in front of it.
This means that you now have items or gold waiting to be collected from the Trading Post, unfortunately to retrieve them you must visit the nearest Black Lion Trader.
Step Five: List items for sale
The next step is to list our items for sale, but wait! Quite a lot of time has passed since we placed our buy orders, our first priority is to check how much the price has changed. You can also take this opportunity to re-list any unsuccessful buy orders that have been undercut by other players.
For the sake of simplicity, our Wrangler’s Bags buy price has risen by 1 silver however the sale price has fallen by 50 copper. To double check if our bag is still profitable, we can use the Trading Post calculator at tpcalc to work out the fee’s again.
If you’re still profitable, go ahead and list your item on the Trading Post. I suggest undercutting the lowest seller by one copper if they have more than three bags for sale, however it is ultimately up to you to decide what price to set.
Step Six: profit.
Collect your profit from the Trading Post, run around feeling rich for a while then repeat the following steps!
As someone just starting on their Trading Post career I am going to presume that you do not have a lot of gold to spend on your first investments. That’s fine, all of the items I have suggested below currently sell for between 10 copper and 2 silver. They have also been flipped multiple times over several months to ensure that they are a reliable source of profit, however always take the initiative to check the graphs and facts for yourself.
Other Markets to consider: Major Rune, Dyes, Gemstones, Food, Crafting Components, sharpening stones, Major Sigils & low level weapons.