Julia Gillard the Honest Posted February 8, 2014 Share Posted February 8, 2014 Update: There's a new version at the bottom of this thread. I'm keeping this one here simply for records. I'm trying to produce some kind of informative guide for flipping. My main goal for this is to then post it in Awesome's new loaning group as an example of how our loans can be used to begin successful trading. I don't usually write these guides so will very much so appreciate feedback and criticism, even if the whole thing has to be changed over time. I'm posting this here, obviously, for exposure. If you have any comments, please post away. This guide's target audience is people with a few keys of backpack wealth but who have a little bit of trading experience (enough to know to do a quick search on backpack.tf so as to not be sharked out of a few keys). That is, this is intended for people who we've deemed trustworthy enough to borrow our keys. The draft guide begins below the following line. I know how to flip and have one example from today but haven't done much more so please post examples if you have recently found a good flipping strategy. Please note that I still need to author a proper conclusion. For now it's just two sentences. __________________________ Flipping items means buying them to then resell for profit. This is the standard buy-low-and-sell-high method that traders use to gain their wealth. You will likely want to do this with our loans. In practice, this sounds easy enough. However, this method is extremely tedious and often seems daunting to new traders. The reason for this is simple: New traders (such as new TF2 players) only have common items that drop for everyone. Those items are mostly unwanted. (Would you want to buy all of your weapons?) Weapons can be easily sold for scrap metal but that scrap metal itself isn't very valuable. Currently keys are currently worth over seven refined metal so you can imagine how long you would have to spend trading weapons just to get a single key. This is where we come in. We offer loans of items so that you can purchase and sell more valuable items. Each sponsor will decide what items he or she will be willing to loan you but once you have accepted the loan, it is up to you to decide exactly what you will do with it. In particular, you must decide what items you would like to start dealing with. If you are loaned keys, you may wish to buy items with those keys or you may wish to sell the keys for metal and then buy items with that metal. Regarding what items are good for reselling, you must be willing to do some research yourself here. You may benefit from backpack.tf's list of recommended values here (it can certainly help to give you an idea about an item's value). However, backpack.tf lists past values. If you are looking at a recommended value on backpack.tf then you should also take a brief look at when the suggested value was made. As an example, let's look at the Dogfighter. http://wiki.teamfortress.com/wiki/Dogfighter This is currently valued at about one and a half keys so you might be thinking that it'd be a good idea to try to buy it for one key and then sell it for more. However, if you looked into this particular item then you would realise that this wouldn't be a wise one to flip. First of all, it's still new and readily available in a crate (Crate #79). Therefore it is becoming more and more common with time. If you look at its past values then you can see this trend quite clearly. http://backpack.tf/stats/Unique/Dogfighter/Tradable/Craftable Its value is dropping and the current suggested value is a few weeks old. Thus it would be a very risky item to try to flip for profit. You should only flip new items if you can buy them extremely cheap and sell them very quickly as well. At this stage, you might be thinking that you should only flip old items. This is certainly wise and successful for most traders. However, every trade has some small risk involved. As another example, let's look at the Team Captain. http://backpack.tf/stats/Unique/Team%20Captain/Tradable/Craftable Do you see that drop in July of 2012? The Team Captain is a popular hat which was once worth a couple of keys. What happened in July of 2012? Valve decided to have a sale and made the Team Captain cheaper to buy from the Mann Co. Shop. Those particular ones were uncraftable but them suddenly being cheaper (in terms of money) led to more people having their own (uncraftable) versions of this hat, which then led to the standard (craftable) Team Captain becoming less wanted. Therefore its value dropped. Every item is at risk of suffering a drop in value such as this. You will likely encounter some similar events in your trading career. The only thing that you can do to prevent a loss in value from it is keep flipping items, keep making profit and become so rich that you won't mind such problems. As for the Team Captain, it's still a popular hat which is mostly stable in value. You could certainly expect some rewards if you started buying these hats for, say, five refined and then selling each one for seven refined. As another example, I'm going to tell you about two trades that I recently made. I posted this trade on Outpost to just sit and gather items. http://www.tf2outpost.com/trade/17740287 I got a Vintage Hound Dog on the morning of authoring this guide. I paid one key for it. About two hours ago, I sold it for one key, one refined and one reclaimed metal. That's one refined metal plus one reclaimed that I got for free. This is exactly the sort of trading that you will be suited for with one of our loans. You couldn't expect to get that much metal in just a few hours by trading weapons alone. You need more capital to make such profit. Regarding the Vintage Hound Dog, it's gradually dropping in value (http://backpack.tf/stats/Vintage/Hound%20Dog/Tradable/Craftable) but it's safe to flip because it's old and limited; it isn't coming out of a crate right now. You may also note that I sold it quickly. If I held onto it for a few weeks or months then I'd risk it losing value if, say, Valve had a sale and made the (unique) Hound Dog cheaper in the Mann Co. Store. Those are some examples of flipping. It's really up to you to decide what items you will buy and sell. Link to comment Share on other sites More sharing options...
This topic is now archived and is closed to further replies.