Tag: flipping

Flipping items for profit on the Runescape Grand Exchange (Tutorial)

There is an endless sea of Runescape money making guides available on the internet, but most of them either tell you to gather an expensive item so you run around like an idiot, or worse, require you to have a high level skill and spend an entire afternoon crafting or smithing something. Creating something of value can be fun in real life, but in a game it’s all just mindless clicking so wouldn’t you rather grow your cashpile the easy way? Flipping items for profit is the answer and in this article I will try to explain exactly how it’s done.

Runescape flipping guide

Flipping items is a process where you buy an item at a lower market value and later sell the item at a higher market value, thus making a profit.

For example you buy iron ore at 196 GP each and later sell iron ore at 203 GP each. This way you will earn 7 GP for every iron ore you flip.

If you are having trouble figuring out a good price to choose when buying and selling then I have another great tutorial on how to target what I like to call the “Desperate Buyer”. You can read more about it here: How to flip items on the Grand Exchange

How to find good items to flip on Runescape

Screenshot of a price graphic for iron ore in a bearish marketFlipping iron ore was just an example and I wouldn’t advise anyone, especially a beginner, to try and flip this item! That’s because the overall trend for this particular item is bearish (price keeps falling) as seen on the 6 month price graph on the left.

So, how do you know which item to flip? More importantly, how do you know whether or not the value of an item is going to increase in the future so you can sell it for profit? The Grand Exchange Market Watch has made this incredibly easy for us!

The Grand Exchange Market Watch

Jagex has been kind enough to launch the official market watch for all the tradable items on Runescape and because we now know how price has behaved in the past, it’s easy to predict a possible future scenario just by looking “into the past”. This is how you do it:

1. Open the Grand Exchange Market Watch

2. Click on the Market Movers tab

You are now looking at the flipping items list or the top 100 most traded items and this is obviously where the money is. But hold on! We can’t just start flipping any random item from this list. What if the item we pick is losing value over time just like iron ore?

How to spot an item that is likely to increase in value over time?

Basically you will need to find a graph that is showing clear signs of a bull market (a market condition where the overall price is moving up).

Beautiful clear bullish market price movement for frost dragon bonesFrost Dragon bones are the perfect example of a good bullish item. Notice the huge red arrow? It points to a trend line indicator (gentle light blue line) which is very important for us. Don’t forget to activate it!

Take a look at this graph. What do you see? The yellow line, which is the main price, keeps making higher lows (look at the green stars I drew).

A “low” is the lowest point a price has reached in a downward move. When a price makes a low and the next low is higher than the previous, it’s an indication of a bull market (overall upward movement).

As long as this is happening ABOVE the trend line we are good, but the moment the yellow price line crosses the blue trend line, things get icky and it’s advised to stop flipping these items.

Know when to stay away flipping items

Dragon bones 3 Month Price Bearish Downward movementWhen the price line (yellow) and trend line (blue) cross and the “mouth” of the chart is pointing in the downward direction, it’s most likely a sign of further downward movement as shown here on the 3 month chart of Dragon Bones.

I have drawn the red lines to emphasize the downward pointing mouth. Whenever you see something like this- stay away!

However if the mouth is opening upwards, it’s a strong sign of further upward movement. If the mouth opens and points up in a downward trend, it can even mean a trend reversal in which case you can try to flip, but cautiously.

Spirit Shard 1 month price chart confused priceItems with no apparent trend and sudden drops and spikes in the price can mean a lot of things, but it most certainly doesn’t mean it’s a safe item to flip.

The Spirit Shard on a 1 Month time scale is a great example of items to avoid. Such a strange behavior could be a malicious Runescape merchanting clan trying to manipulate the price or it can even mean that at some point Jagex is giving more of the item away freely on treasure hunter. In any case if you see an item like this then skip it.

Go, start flipping items on Runescape!

That’s it for today! I hope I have provided at least some insight into the world of Runescape money making using the grand exchange for flipping items. Once you get the hang of it, it will become the easiest thing you’ll ever do in this game.

If you want to speculate on an item or simply need some advice, feel free to add me in game. My username is y n e f (spaces between letters).


Flipping items on the Grand Exchange – A short how to tutorial

Flipping items is not rocket science

Despite what a lot of players think, flipping items is actually pretty simple and straightforward. The idea is to generate a profit by buying items below the average market price and after a while selling these items above the average market price (the buy low, sell high principle that works with any business).

Best items for flipping in the Grand Exchange

Runescape character thinking about flipping items on the Grand ExchangeBefore getting started you should understand that you can’t flip everything. Certain items are simply losing their value all the time, thus making them literally a black hole for your gold coins.

Then there are items that simply won’t sell only at certain times. The Santa Hat, for example, doesn’t sell in the middle of July etc.

Finding profitable items for flipping in GE

The easiest way to find a profitable item is to look for items that are in great demand such as things that are directly linked to skilling. For example herbs, seeds, ores, etc. are all required and in great demand because players are always trying to level up their skills using these items.

After you have chosen your item, it’s time to take a look at the price graph to make sure your items overall price trend is upwards, not downwards. You don’t want to end up with stuff that are clearly losing their value. To do that we simply enter our item name + grand exchange into Google search, for example “iron bar grand exchange”.

Iron bar showing uptrend in the price graphNow that the graph is displayed we can clearly see that the Iron Bar has an overall upward trend. You have to look at the entire graph, not just the last (right side) tip of the graph to understand where the trend is going.

If you don’t understand graphs that well there are plenty of tutorials and guides available online about how to properly analyze graphs and how to spot trends in the price movement. It’s really interesting stuff so I recommend looking into it! 😉

Buying and Selling on the Grand Exchange

After analyzing the market we have finally chosen which item to flip – for this guide, it’s the Iron Bar used mainly in the Smithing skill to make weapons, armor, arrow tips and nails.

The first thing we do is called a test buy. We simply buy one of the Iron Bars and put in a higher price than the average market price to make sure our item buys instantly. This is how we know exactly what the current price of our item is.

Test buy iron bar in the grand exchange for later flipping

As you can see on the picture to the left we entered 567 gp as the price we wanted to buy, but the item actually bought for 566 gp giving us back the change of 1 gp.

We now know that 566 gp is the actual price that Iron Bars are going for in the Grand Exchange at this moment.

Remember the price graph? The trend is clearly upwards so we are pretty confident that we can sell the Iron Bar back to the market for a higher price than 566 gp.


Picking the right price for selling

After raising the iron bar price in the grand exchange for 5 percent

The trick is to put the item up for sale and increase its price by five percent. To do that simply click on the +5% button and Grand Exchange will automatically adjust your selling price.

But that’s not the price we want to sell because a lot of other people are probably doing the same.

We need to target the “Desperate buyer” who rushes to GE and makes a buy order immediately with +5% without worrying much about market prices. These type of players just want to receive the item as fast as possible so they can go skilling and advance their levels.

In order to sell to these players the price must be adjusted in a way that it’s still above the overall market price, but below the +5% price. When we adjust our selling price in this way, we make sure the desperate buyer will buy from us first. Makes sense?

Iron Bar sold for 577 gp in the grand exchange of Runescape

Instead of trying to sell for 595 gp (the +5%) we are lowering the price to 577 gp aiming for a quick 11 gp profit per Iron Bar.

As you can see just a few moments later someone had bought our Iron Bar for 577 gp! I am sure if we waited long enough, we could sell it for 595+ as well, because the general price for Iron Bar is currently climbing. For now let’s settle with just 11 gp profit per Iron Bar.

Now we just have to repeat this process and buy 5000 Iron Bars giving us a good 55,000 profit flipping the Iron Bar.

Valuable items = More profits!

The Iron Bar in our example isn’t a valuable item and because of this the profits are smaller too. If you want to make more money flipping items on the Grand Exchange you just have to buy and sell things that cost more. The price difference is bigger there and so are your profits.

NB! I advise you to invest only 10-20% of your entire capital into flipping. This way you can safely trade without losing your entire cash pile should the trend change and prices fall.