As a trader in the stock market, looking for a quick and easy way to make a profit is what it is all about. Looking for price disparities between stocks and other convertible assets is fairly simple. For example, let’s say you have a bond or a stock option that can be converted into 100 shares of ABC stock at any time and the last trade on ABC stock was @ $50. That bond or option should be worth $5,000 (100 X $50). What if you saw someone selling it for $4,500? Awesome, well you buy it for $4,500, convert the bond or option into 100 shares of ABC and sell it immediately for $5,000, netting you a $500 profit. Pretty simple, but before you quit your job and become a trader, let me tell you these price disparities do not exist or if they do, it is because they know something you don’t.
However, in Rift there are price disparities rampant all over the Auction House that you can profit from. Some require you to have a specific crafting profession while others don’t.
Runecrafting is probably the most lucrative crafting profession since people are always buying materials, yet you do not even need to be a runecrafter to make money. The goal is to break down and convert higher end materials into the lower tier materials and sell those off. They may not sell as fast as the higher end materials, but they do sell and usually without as much competition.
Here is an example:
- Kinetic Arc @ 5 gold (Combine 5 to make 1 Kinetic Charge)
- Kinetic Charge @ 20 gold (Combine 3 to make 1 Kinetic Burst)
- Kinetic Burst @ 40 gold (Breakdown to 15 Kinetic Arc)
1 Kinetic Burst = 15 Kinetic Arc = 3 Kinetic Charge
Profit [35 gold] / Cost [40 gold] = 87.5% Return on Investment (ROI)
Profit [20 gold] / Cost [40 gold] = 50% Return on Investment (ROI)
I guarantee you can buy Kinetic Burst for a lot cheaper than 40 gold which would increase your ROI significantly.
Another Runecrafting example:
- Sparkling Powder, Shimmering Powder (Combine 3 to make 1 Shard)
- Sparkling Shard, Shimmering Shard (Combine 3 to make 1 Crystal)
- Sparkling Crystal, Shimmering Crystal (Breakdown to 9 Powders)
Prices on these vary a lot, but let’s take a look at the Shimmering epic materials. You can buy Shimmering Crystals anywhere from 1 to 3 platinum, let’s just assume you bought one for 2 platinum.
Profit [2.5 Platinum] / Cost [2 Platinum] = 125% Return on Investment (ROI)
Profit [2 Platinum] / Cost [1 Platinum] = 200% Return on Investment (ROI)
Mining and Foraging:
Price disparities are easily and often found within Mining and Foraging since the conversion is 1:1. If you can’t convert the materials yourself try to find someone that would be willing to convert the raw materials to crafting materials for a tip. Ores can be converted into Bars, Timber can be converted into Lumber.
Prices and results vary server to server. I have viewed 10 different Auction Houses and on each one, price disparities existed. Becoming familiar with which crafting materials convert into what and the prices on your server is the key to your success.