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Where is all this cash coming from?

STAR WARS: The Old Republic > English > New Player Help
Where is all this cash coming from?

Kulyok's Avatar


Kulyok
06.10.2014 , 12:40 AM | #21
Quote: Originally Posted by Khevar View Post
This holds true for quite a number of materials in the low-level range. Agrinium was selling for 6,000cr each. Which is particularly silly (to me) when you consider that grade 1 UT missions take about 4 minutes to run, and with full affection have a 20% chance at critting.

Go figure.
Shhhh! (looks around nervously) Someone will hear us and figure it out! And goodbye, easy credits.
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Mozivicus's Avatar


Mozivicus
06.10.2014 , 05:23 PM | #22
Quote: Originally Posted by Khevar View Post
Methinks you missed my point, so you could have fun being condescending.

I was commenting on how high some of these low-level materials have risen to, which makes them an excellent choice for someone interested in making credits selling mats.

Silica (grade 1) was selling for about 13cr each. Laminoid (grade 1) at 1100cr each. Bronzium (grade 2) at 23cr each.

The only thing surprising to me is how many people were willing to purchase the Laminoid at that inflated price. Mostly because profit would be so low with material price that high. Particularly when you consider how quickly one levels through the "teens", with any gear you buy or make becoming obsolete super quick.

This holds true for quite a number of materials in the low-level range. Agrinium was selling for 6,000cr each. Which is particularly silly (to me) when you consider that grade 1 UT missions take about 4 minutes to run, and with full affection have a 20% chance at critting.

Go figure.
Didnt mean the tone to come across like that to you.

My point was, convienience costs, and people with $ will pay for it. For instance, if someone is an avid crafter(like myself), I don't have time to run around and scavenge coruscant mobs for a stack of laminoid. In the time it takes my toon to do that, I could have bought stacks off the GTN, cycled through each of my crafters with 5 companions crafting stuff, listed stuff on the GTN, mailed wares to my mules, had them list stuff on the GTN, and then await the sales mails from the 500 items I just listed. AND, I'd still have time to get downstairs and watch Wow Wow Wubzy and Strawberry Shortcake with my daughter....what could be better?
Even paying upwards of 1200 for A laminoid and up to 5,000 (sometimes 6 depending on what I'm crafting) for A agrinium, I still profit 20k+ on some of those low level pieces.
I love giving lowbies $ for that stuff. It helps the whole economy. They have nothing to start with, and I help them get going. Same way I did it. I started at lowbie collecting, sold some mats and greens, bought underpriced high level purple mats and RE sold them, etc while leveling my crafting skills and schematics and I got to where I am now.
That said, I'm far from being considered wealthy in game, but I have made over 60 million from crafting. That's without ever crafting a single piece of current (at the time) high level raid gear, and only selling one cartel pack item (7 mil). It takes patience, stamina, and a keen market eye. It can be done, and it can be done casually.

As a side note, I don't think that it's a coincidence that some of the lowest level mats can be used in so many useful schematics for all crafting professions. I feel it's a design put in place to purposely help low level toons build their bank roll...if they choose to do so.

AlixMV's Avatar


AlixMV
06.10.2014 , 05:56 PM | #23
Quote: Originally Posted by Mozivicus View Post
It doesn't take me very long to mow my yard, and it's rather simple to do...but I have better stuff to do...so I pay someone to do it.

See how that works?
*applauds* That's a great analogy.

Quote: Originally Posted by Mozivicus View Post
the best way to make money was to find out what people NEED and give it to them. The easiest way to make money is to find out what people WANT and give it to them. The same principles hold true in this game.
^^^ This.

I'm going to add my voice to the 'in the minority' commenters to note I got most of my internet millions from playing the GTN, using the above principle. My bread and butter is selling craftables rather than mats because the profit margin is so much better; the people in the mat market are my besties, especially the ones that come in and sell stuff at basement prices. (Keep doing that, guys, it's keeping one of my crafters afloat ).

I recently rolled toons on a new server and had to start from literal scratch with level 10 toons, just like any new player would, except I had the knowledge of how to play the market learned from my original server. I took the time to get a feel of things from the goods I was familiar with, put up some canaries to see how things would sell, then went at it.

I had a million credits within a few of weeks.
~ < Fortitude > ~ Jedi Covenant ~
Referral link
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Ydris ~ Mai'ty'lee ~ Jazhi

phalczen's Avatar


phalczen
06.10.2014 , 06:31 PM | #24
Everyone else above me has made excellent points. Realize that most of the things sold for ten million are items which you simply don't need. They are cosmetic only. That 10 million credit artifact Ambassador's Hoverchair doesn't let you go any faster than a cybertech-crafted artifact hotrigged speederbike, and doesn't offer any better protection against being knocked off (although there are some artifact level 3 speeders from the cartel market that DO better knockoff protection). The stuff you see for 40-50 million, that stuff is usually unobtainable items, like the original series of Korrealis speeders that disappeared with, 1.2 I think?

The only things you really "need" once you hit end game on a regular basis are stims, adrenals, medpacks, grenades, probably in that order, and those things are all very affordable.

Mozivicus's Avatar


Mozivicus
06.10.2014 , 07:01 PM | #25
Quote: Originally Posted by phalczen View Post
Everyone else above me has made excellent points. Realize that most of the things sold for ten million are items which you simply don't need. They are cosmetic only. That 10 million credit artifact Ambassador's Hoverchair doesn't let you go any faster than a cybertech-crafted artifact hotrigged speederbike, and doesn't offer any better protection against being knocked off (although there are some artifact level 3 speeders from the cartel market that DO better knockoff protection). The stuff you see for 40-50 million, that stuff is usually unobtainable items, like the original series of Korrealis speeders that disappeared with, 1.2 I think?

The only things you really "need" once you hit end game on a regular basis are stims, adrenals, medpacks, grenades, probably in that order, and those things are all very affordable.
Hey that's a great point too.

Two of the best ways to make money in the game is to save money by making your own stuff & not buying ridiculous stuff. You can do that by having the crafters of things that you use, in your own legacy ... alts. So if you don't buy stuff from someone else, you're Savin money. That's how I rolled my first alt. I was spending so much money on blue and green medpacks and on stims for raids, I finally rolled a sentinel to biochem on. Added bonus: they're SOOO OP. Lol. Fun to play. Rolled my 2nd alt on the opposite faction because sales prices were so much better on that GTN (before imp&pub GTN merger). It's all about recognizing opportunity and new and different ways to MAKE or SAVE money.

Merouk's Avatar


Merouk
06.10.2014 , 07:30 PM | #26
By all means, go gather Laminoid if you don't like the GTN prices. I'm reasonably sure the nodes are much more rare than Silica and Desh, like by an order of magnitude, and otherwise it's used in low level armorings, mods, and other crafted items. So if you're trying to set up your alt + companion with full CM orange outfits of level 15-20, you're going to probably use 2-300 Laminoid to craft the mods. The cost blows you away but it's one set of dailies for a L55, so they don't care.

Bottom line, I sell 4-8 stacks of 99 per week, at 1200 each. If I drop the price to 900 I can sell 10-14 stacks easily. That's the demand, and clearly me and other gatherers wouldn't be able to keep up with it at 900.

Crafting mats on the GTN are priced based on demand, NOT on the grade of the mat. Some grade 1, 3, and 4 are very rare; too many crafters, people just out-leveling the areas too fast and not gathering anymore, whatever the reason. Then you get grade 6 and grade 9 (end-game) mats that sell for LESS than vendor price. Seriously I've made money buying from GTN and selling to NPC Vendor. Stacks and stacks of mats. Neutronium for example.

It's all about demand for the mat. Look at the schematics, multiple crafting skills use Laminoid, Chanlon, Polyplast, Electrum, Fibermesh, and almost NO useful schematic uses Silica, Desh, Laqerous, Plasteel and others. And at the top end, you have countless L55'ers trying to sell their Mythra - cheaper than Laminoid.

scarlet_magpie's Avatar


scarlet_magpie
06.11.2014 , 06:29 AM | #27
do scavenging. Run Black Talon LOADS. choose "be an ****** to the ship's captain" option. Scavenge 11 billion droids. sell results.
(and get comp affection & social points while doing it)

AlixMV's Avatar


AlixMV
06.12.2014 , 03:52 PM | #28
Quote: Originally Posted by Merouk View Post
and almost NO useful schematic uses Silica, Desh, Lacqerous, Plasteel .
I'd agree with you for two of those, but the other two I use ALL THE TIME and make good money off them.

So, please, by all means, continue to sell those like trash.
~ < Fortitude > ~ Jedi Covenant ~
Referral link
Sollyni ~ Diyanna ~ Annifryd
Ydris ~ Mai'ty'lee ~ Jazhi

Mozivicus's Avatar


Mozivicus
06.12.2014 , 04:33 PM | #29
Quote: Originally Posted by AlixMV View Post
I'd agree with you for two of those, but the other two I use ALL THE TIME and make good money off them.

So, please, by all means, continue to sell those like trash.
Beginning crafters can makes serious bank selling blues to those leveling and wanting a little extra punch and stat distribution in their gear (which crafted blue level gear offers). My artificer did this, exclusively for a long time. Before I delved into purple artifice gear, I had already made 5 mil+ from selling blue low level enhancements, hilts, crystals and offhands.

As to the aforementioned mats, my armormech crafter make ridiculous profit margins on low level blues using silica, desh, and terenthium. Where there's a will, there's a way...as long as the way matches the pocketbook of those with demand. Find a spot of the market that's not attended to by crafters and 'tend to it. If you build it, they'll come...just don't price yourself above the market and below a profit margin for yourself. It may take some pencil and paper work to keep track of numbers and what not at first, but you'll learn where your costs need to be and your sales prices need to be for you to quickly pile up money.

Nazdika's Avatar


Nazdika
06.12.2014 , 07:10 PM | #30
Quote: Originally Posted by Mozivicus View Post
Find a spot of the market that's not attended to by crafters and 'tend to it. If you build it, they'll come...
That, or diversify. Sell when the price is right.

Quote: Originally Posted by Mozivicus View Post
It may take some pencil and paper work to keep track of numbers and what not at first, but you'll learn where your costs need to be and your sales prices need to be for you to quickly pile up money.
This. I keep being amazed at how many really intelligent people cannot do math when it comes to crafts, GTN, and such. Crafts a money sink, my precious behind. If I want to level one in 2 days, for sure it is. If I want to make money from the first schematic onwards, that is what I am doing. Needs some thought, and as you mention, some paper and pencil work though.