Chapter 2: Your First Million!
 Now that you have earned 50-100k you are well on your way to making your first million!! This chapter will primarily focus on easy ways to make your money grow. Remember what I said earlier " It takes money to make money. " If you have not followed some of the ideas in Chapter 1 , it is a must that you do so!!
What is Bulk??
When trying to make money you always need to deal with bulk items . Bulk is simply a lot of items ...generally over 1,000 of one item or more. So 5k feathers would be considered bulk. This goes for any item in the game. When dealing with non-stackable items such as ore or fish, you will always want to deal with banknotes. Without a bank note you could only carry 26 pieces of coal in your inventory. When you withdraw the coal in a note, you can carry for example 5k coal, and it will only take up one spot in your inventory bag. To withdraw an item as a note simply click on "withdraw as note" when you are talking to the bankteller.
All items in your bank can be withdrawn as notes. Using notes isgreat for the bulk trading of one item to another player, because the note only takes up one space in your inventory. (Sorry if you already no how to use notes, I just want to make sure everyone is following me.) Ok, so you now have a good amount of money in your bank, by follow-ing the methods in Chapter 1 . Now you need to look for good deals on items. Always buy low and sell high , this is the key. Some of you are familiar with this I'm sure, but it honestly is the best way to make money, for it will never go out of fashion.
If you notice an item is constantly being sold, but nobody is buying it, then there is a low demand for the item. On the other hand , if you notice people standing around the bank, screaming, " Buying XXX ," and nobody is selling it, then you will learn that this item is in high demand . Now it's important to realize that this is just the general idea of how supply and demand work. You obviously wouldn't want to go by 3k of an item just because one person is looking for it (unless that one person is buying 3k of that item ;) You need to observe these trends to see how often people are asking to buy them, and how often people are selling them. There are however a few items that have remained constant for at least 2 years in Runescape:
Lobster,Coal,Iron,Feathers,Herbs
There are plenty more out there on the market today, these are ones I am personally comfortable with and had, and still have success with today.
I will touch on a few of these items in this guide. But is important that you realize these are examples of my game play , results will always vary depending on who or what you are trading with. You may need to adjust these examples to fit your needs or capabilities, but this will give you the basic template of how I do it.
Cooked Lobsters
Cooked Lobsters currently are selling anywhere from 170-250gp each. Generally though you can find sellers that will sell Lobbies (Lobsters) for 125-150 each. These are the sellers you are looking for. One of the best ways to find a cheap lobby seller is to travel to Karjama (or Catherby if you are a member) and go the the fishing docks located there.
What Do I do with all these Lobbies?
SELL THEM OF COURSE! The best way to make money off of lobbies is to find sellers in the bank who will sell you a large quantity of lobbies in notes. You will then want to resell the lobbie notes at a higher price. I generally buy lobbie notes at 150-175gp each. Then resell them for 200-225gp each. I know this may not sound like you are making a lot of money by doing this, but trust me, it works!!
Example:
Say that you have bought 100 lobbies off of several people at an average of 150 per lobbie. This would mean that you have spent 15,000gp on them. Then you turn around and sell them for 200gp each.
100 x 200gp = 20,000gp
You have just profited 5k gp for doing nothing!! This may not sound like a lot, but imagine after you have done this many, many times. It all adds up quick. One night last week I personally bought 3,500 lobbies off of several sellers for 150gp. I spent a total of 525,000gp on them. I then resold them at 200gp each... 700,000 gp . I made a profit of 175,000gp, in half an hour!
IT SIMPLY TAKES MONEY TO MAKE MONEY!! DON'T BE SCARED TO SPEND IT!! Once you have your first million you are set forever, as long as you are smart with your purchases . You can use this method with any item I was just using lobbies for an example. I know it may seem like it starts slow, but that's because it does!
You must start slow to build a strong bankroll. Being persistent will make you EXTREMLY WEALTHY!
Iron Ore
I often use this same process and principles with Iron ore. I will travelto different worlds and buy as much Iron ore as I possibly can. I will onlybuy for 20-50 gp each, occasionally I will purchase for higher prices if the seller has a large amount (3k or more). I generally offer to buy for 35 gp each. If the seller wants more than 50 gp I will simply refuse to buy it, and will log out of the world and into a new one. (Trust me there are plenty of sellers out there, lol). In world 1 you can always sell Iron ore for 100gp each. I normally try to buy ore in the Fallador bank, simply because this town is centralized with miners since the bank is so close to the mining guild and the mines southwest of Fally. When buying I always log into the smaller worlds, starting with the worlds that have the least players online, and staying out of world 1 and 3. As with any item world 1 should always be used for selling, as prices are always high there. A typical night for me when I am buying iron ore would be like this: I simply start finding sellers who will sell for 20-50gp each. I normally set an average price that I will buy for (35 gp), occasionally if I run across a seller who has a bulk amount (1k or more) I will pay 50gp each, simply because I know it is a quick profit. I generally will do this for an hour or so, before I sell. An average night will consist of me buying somewhere around 10,000 iron ore. At an average of 35gp each I have spent a total of 350,000gp. I will then log into world 1 and start selling the Iron ore for 100gp each (if you are really broke, you may wish to sell for 90 each, thiswill be less of a profit, but you will sell quicker this way.) This means I have sold the ore for 1 million gp , for a total profit of 650,000! ! This is great money for no longer than it took to get it! If you do this everynight, or even a few hours, you will be a multi-millionaire before you know it!! Trust me there is no better feeling then seeing that large amount of money in your bank!!!
Previous Chapter | Next Chapter |
