Grand Exchange Impact on Making Money in Runescape

Jagex released the Grand Exchange in Runescape onto an inexperienced market audience. As a result, making money in runescape has became much harder in the current market conditions. Too many people are panicking and trying to sell all their unused stock of items as quick as possible in order to make money before the items become worthless.

Naturally, this should be a short term problem to the whole runescape economy as now all players can trade through different worlds as well as trading while they are offline. This means supply for most items far outweighs demand and prices have fallen rapidly.

The best way to make use of the grand exchange is to both BUY and SELL items on there. Most people are simply trying to sell all items and therefore do not have room to buy anything. This is adding further problems as people keep lowering item prices thinking they will get sold quicker if at minimum.

The main problem is NOT the price, but the fact EVERYONE is doing the same thing - continually lowering the price they want to sell items at. If sellers, as a whole, were more patient and kept prices at a fair and reasonable price, then anyone buying items would eventually have to pay the price requested, otherwise they would not match any sellers price.

Merchanting has been impacted a lot, as has the ability to be self sufficient through using your own hard earned runescape skills. All players should remember this should only be a short term situation and in time, the market will return to a much more stable place.

Anyone who is into their runescape skills should be realistic in the prices they sell their items. Ideally, the skiller would be able to make money or at least break even when using high level skills.

Currently, due to the panic stricken runescape economy, there are very few skills that enable players to make money efficiently. This WILL change in the long term, but only after the majority of runescape players fully understand that it is the people who SELL the items that are driving the prices of resources down and not Jagex.

I ask all players who read this that they make their friends aware that in order to regain stability to the runescape economy, people selling items need to set realistic selling prices rather than trying to undercut other players to try and gain faster sales... this will only continue the downward spiral in resource prices and will affect all future sales and ability to make money through skills.

F2P Mining and Money Making

Mining on runescape is an essential skill for most people to have if they are on free to play (f2p) servers. Mining for ores will take a lot of time, but will be worthwhile whenever a player is able to sell a bulk amount of ores for cash.

When I mean sell for cash I mean selling to other runescape players for runescape money and not real world trading - as real world trading is against Jagex rules.

Some basic mining tips on how to make money in runescape when on free to play servers:

• Essence - Level 1 mining - It is easily mined and can sell for a decent price to people who are runecrafting and making any of the basic 6 types of rune. Price may be up to 30gp each.
  
• Iron Ores - Level 15 mining - These can be mined quickly and will normally sell between 50gp - 100gp price range.
• Silver - Level 20 mining - Silver can be mined at the crafting guild and will normally sell for around 200gp each to people who are trying to raise their crafting skill.
• Coal - Level 30 mining - Coal is always in demand and can fetch up to 200gp each in bulk, although any price from 140 - 200gp range is normally considered decent enough.

These runescape money tips are ways to help players on free to play servers think about using their skills to make money rather than spending time merchanting and risking market price changes.

An extensive list of runescape money tips is available on RuneCrypt and on runescape fan sites.

Players on runescape free to play servers can also make money by collecting cow hides, air running or via woodcutting. Obviously there are many ways to make money and it is finding a method that you enjoy and are happy to do for long periods at a time that will help build up your reserve of runescape gold.

Bulk Items and Runescape Merchanting

Merchanting in runescape is one the the best methods to make money. The main reason merchanting makes considerable money in runescape is the fact higher level players (skill based players) will generally deal in bulk items.

Bulk items can be any resource (depending which skill is being trained). It is normally 1000 or more of a single resource, so 1000 iron ores would be consider bulk whereas 100 iron ores wouldn't.

The desire of players raising their skills by buying in bulk is obvious, it saves them a lot of time accumulating the resources in bulk rather than in smaller quanities, so they are willing to pay to have a larger amount guaranteed in order to gain the level they desire quicker.

This desire leaves it open as an ideal situation for merchanters to take advantage and offer their services to gather up items in smaller quanitities. Runescape merchants will spend their time gathering up smaller quantities of items initially and building up their supplier line for specific resources. In the long term, they can request their suppliers provide them with higher amounts of items (thereby reducing time taken to acquire resources).

As a supply line of workers is established for a merchant in runescape, it makes it easier for them to merchant other items - they simply ask their supply line to gather up the required items. This enables merchants to diversify a bit, although they shouldn't try and merchant everything, 3 or 4 items is normally enough for novice merchants to handle adequately.

One the supply line for bulk items is in place, it just remains to have an outlet - or a buyer. This is the person or people who will be training a skill and will normally want to buy in bulk to reduce the time of gathering up resources. The profit from merchant trades will vary from resource to resource, but any profit will add up in the long term and improve a merchants communication lines and ability to react to changes in the runescape economy.

Once firmly established as a bulk trader or merchant, any runescape player will have the chance to pursue some of the rare items such as party hats or santa hats. They will likely be able to afford them, but whether they decide to actually merchant the party hats or santa hats is another question entirely. That decision I will leave to the runescape player involved, although massive price growth is unlikely and prices will be unstable at different times of the year... so if deciding to merchant those rare items, tread with caution.

Runescape Cow Hides

Collecting cow hides in runescape is an easy way of making money for both free to play and runescape members. The method of making money will normally depend on the person collecting the hides.

There are generally three basic methods to make money in runescape through cow hides:

• Merchant cow hides
• Collect them yourself
• A combination of both of the above

Merchanting Cow Hides:
Many low level players will normally collect up an inventory of cow hides and want a good price for them - they will generally not be able to get a good price and consequently sell cheap. Players can buy up these smaller quantities of cow hides from many different sources and sell their stockpile to another player who is training their crafting skill. In effect, you will be merchanting cow hides.

Collect the yourself:
This is very obvious - instead of buying the cow hides from other players you will simply fight the cows and stockpile them on your own. This is obviously a more time consuming method but you will be training your combat in runescape at the same time. This can help you make money and improve your overall levels.

A combination of both methods:
The smartest way to make money in runescape with using cow hides is to combine both of the first two methods. To effectively do this, when you are training your combat at the cow field (normally lumbridge), ask other players if they will sell their cow hides to you for a set price. Obviously the price can be negotiated by you but it will have to be lower than the price you intend selling.

Collecting the hides yourself will help improve your combat and asking others to sell their hides to you will help you establish a chain of suppliers. This means you should already have a buyer lined up and that you should have sufficient money available to always pay your suppliers. After all, a happy worker is a healthy worker that will continue to work for you and continue to make profit for you as well as earn a decent income themselves.

Overall, one key thing to note is the prices of items (07 runescape price guide or checking the grand exchange in EoC runescaoe), specifically cow hides in this case. The price is generally stable - but it can vary from buyer to buyer, so it is in your best interest to line up more than one buyer to be able to sell large quantities when you want and not have to wait for that one person to log on to buy. This increases your buying power and can enable you to hire much more workers and stockpile cow hides at a much faster rate. Ultimately improving your overall profit level.

Runescape Air Running

Air running in runescape is a good way for low level players to make money without the need of any particular skills. The main requirement is that a player has the time and dedication to constantly run air runes to and from Falador bank.

As stated, no skill is required for this method of making money in runescape, but patience is certainly a virtue to have. Air runes are not as profitable as law or nature runes, but free to play runescape people can use this method equally as effective as runescape members.

There are two groups of people required to Air Run:

• Runecrafters
• Essence Runners

Runecrafters with higher runecrafting levels will be in a much better situation than crafters with low levels. It is generally suggested that runecrafters have level 44 runecrafting in order to get 5 air runes per essence.

Essence runners, there are no skill requirements needed whatsoever and this is what I referred to when there were no skill requirements to make money. It is the running that is required and this can be done by any player whether free to play or a runescape member.

Runecrafters will normally be required to pay the air runners directly in cash, this normally ranges from 1,500gp to 2,000gp per trade. The crafter will be able to offset the cost of training somewhat by selling the air runes produced. It therefore makes sense to have at least level 44 runecrafting.

Runecrafters inventory should be:

• Noted essence (25 noted traded per time)
• Money
• 25 un-noted essence (or 25 air runes).

Air runners will normally need to bring 25 un-noted rune essence to the Air Altar and exchange it for 25 noted essence + 2,000gp (or whatever coin level has been agreed). Runners should also have an air tiara so that they can trade inside the air altar itself. This helps improve the efficiency for the runecrafters.