by Aristotle

Created on: October 03, 2009   Last Updated: September 10, 2011

Money making in Runescape is considered a chore by many players. Indeed, many of the more common methods used are repetitive and mind numbing. However, there are also many other methods which are more lucrative and enjoyable. 

 Grand Exchange Merchanting:

The key to success in terms of money making is based on the willingness to try new ideas out, and, to take risks. Of course, the risks that should be taken are calculated risks, meaning you should have researched ahead of time. For example, every day on the Grand Exchange, a large number of items can be bought for a very low price and then sold for a much higher price. However, there are thousands of items listed in the Grand Exchange. The challenge then, is to find these profitable items.

 The basic economic principles of the real world can be applied to the virtual world of Runescape. When the supply is low and the demand is high, the item rises in price; when the demand is low and the supply is high, the item falls in price. Because of this, the most profit is usually made by merchanting items that are in high demand. Such items include: Abyssal whips, consumables such as food, potions, etc, other types of armor, seeds, and rare items. There are many more items that can be used, so don’t feel as though you should be bound to the list of items shown above; however, for this tutorial, imagine as though you are limited to those items.

 First, choose one of the items. In this case, the item will be the Abyssal Whip. The next step is to put in an offer for the whip; increase the buying price by ten to twenty percent. The item should sell instantly and, if it doesn’t the item should not be merchanted. At this point collect the whip and any leftover cash. Now, examine the Grand Exchange history and note the price at which the whip sold. As soon as you have done this, sell the whip for ten to twenty percent LESS than its normal Grand Exchange price. Again, the item should sell instantly and, once again, note down the price at which it sold.

 The two prices you have obtained so far represent the price at which you should buy the item for and the price at which you should sell it; the price you bought the item for becomes your selling price, and the price you sold the item for becomes your selling price. For example, if I were to buy the whip and it sold for 700k, I would label that as my selling price. If I were to sell the whip for 675k, I would label that price as my buying

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