Ok so you've made your first million of gold or so, now what can you do? Well if your like me than I want to make more gp, lol. This chapter will my show my personal little trick to turn you into a muli-millionaire in a mattter of days!! By now you should have figured out what item you personally like to sell and trade, and know the high and low prices of what this item sales for. In this next example I will tell you how I started a feather business, (I chose feathers to start with because this is how I first started making my money and I know this Runescape item (as far as how to push it ) better than any other. This plan will work with any item in the game providing that is has a generally demand. Some examples would be logs, iron, coal, steel, food items, etc. Please note that I am a member, therefore selling is a little easier since I can post the items I'm selling in the official Jagex Runescape Forums. F2P's may have better results with an Iron, Coal, or Steel business.
Setting Payout Prices
The first step in creating your Runescape business is to decide how much you are willing to pay your workers. How I figure this price is to go by the average price that the item sales for, and pay a little above it, but still below the high (the price that you will sell the item for.) In my feather business I currently pay 6 gp per each feather. I chose 6 because the current value of feathers in the free worlds is 5 gp each. Paying above the " street " price allows workers to receive more gp from me ( the buyer) than anyone else, (most people are offering to buy for 1-3 gp, because they do not know that you can sell them for 10 gp to members.) This keeps the sellers/workers happy and also keeps them from selling to other players. And as you have learned in Chapter 1, feathers can sell for 10 gp each to members. (If you are a free player view the FORUMS to find buyers!) This means that I currently profit 4gp per feather, which adds up very quickly when you are multiplying by 10,000 or higher!!
Establish a Payment Plan
The second step is to lay out some kind of payment plan for your workers, basically when they will receive there paycheck. I currently pay my workers once a week, every Friday (unless I will not be able to be online, for some reason.) I have created a website for my workers, so that they can check when payments will be made. (This page is very simple, and there are many free web hosts available, click here for some of the top free websites.) The only limit I set is that they must have at least 1k of feathers for me to purchase them, some of my best workers will have 20-30k + per week. You may decide to pay your workers daily or whenever you wish, this is to tally up to you. YOU set your own limits. As with any business you will need to start out small, and before you know it you will bigger than you can imagine!
Hiring Good Workers
The third step is to hire workers! This may sound hard, but trust me you can find many very quickly! Everyone is looking for money. The best way to find workers is to go the Varrock Bank and simply type " Hiring Workers, Pays Well, Add me to find out details! " When a person messages you then give them the info. The other spot to hire workers is ofcourse the chicken farm (for feathers) Northeast of Lumbridge. I currently have 25 workers in this business. You may wish to start out smaller this is up to you. I have weeded out, or fired tons of workers, for not being dependable on bringing in feathers, the 25 I have picked are hand selected and always have a good quanity (over 5k) of feathers to sell each week. Most of my workers will buy feathers as well as collect. They will often buy for 1-3 gp, knowing that they are going to get 6 each for them at the end of the week. On average I collect 250k-400k feathers per week. So at 4 gp profit per feather (buying for 6gp and selling for 10) I currently make 1 mil-1.6 Million gp per week!! This is just from the feather business!! Not to mention the other businesses I have running as well.
Steel Bar Business
I also run a steel bar business which is brings in crazy money !! Ok here is the basics of this business: I have hired miners paying them 150gp per coal, and 75 for iron ore. Then make the steel bars. I often buy steel bars for 200-400 also. I have hired smithers (I always use smithers willing to work for free ) as well to smith the steel for me, I give them the coal and iron for free , and in return I get the steel bars , and they get the smithing experience they are after without the hassle of mining or collecting the ore on there own.
Average cost per steel bar : 150 (coal)+75 (iron) = 375gp per steel bar
I am then selling the bars for 500-600 each for a 125 gp profit per bar. Last week I sold a total of 45,000+ steel bars at an average of 560 per bar. This means that I spent 16,875,000 gold on the bars, but sold them for 20,720,000 gp !! My total profit for last week was 6,845,000 !! Not bad at all, think if you had 2 or three other businesses going. It is possible to make this amount in one night if you have the materials and workers to do so. If you are a member you can also make cannonballs . You get 4 cannonballs per steel bar. Cannonballs currently sell for 180-200 each. If I would have just made half (18k) bars of the 45k I sold. I would have had 72,000 cannonballs! I could have sold these for 12.9-14.4 million , and still had 18.5k bars left to smelt or to sell!! (I'm sure you can see the possibilities here.) Overall you may want to start with the feathers to generate some starting business cash and then switch to the steel bar business. Or just start out with what money you have to start the steel business, dont be scared to go into debt, because you can always sell your products!!
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