BNOC wrote: »

zyk wrote: »

I'm very far from a Billionaire and I'm mostly retired from trading for now, but from my freewheeling trading days last summer:



#dunmermastermerchantrace

I'm not PC, is this showing individual weeks in a month? Or individual but combined weeks from top to bottom? Or something completely different?

This is total in a month he/she's showing of 4 different guilds

zyk wrote: »

I'm very far from a Billionaire and I'm mostly retired from trading for now, but from my freewheeling trading days last summer:



#dunmermastermerchantrace

@zyk Just a question, where would you place yourself among other traders on the server? Top 10, Top 20, Top 30, Top 50, Top 100? Would like to compare your guess with my current market estimate.

And how would you estimate your returns from those sales: 10% of sales as a total net gain, 30%, 50% or higher?

I would likely place you among Top 30 traders on the server with around 20% profit from those sales.

The most important factor in amassing gold in this game is learning not to spend it. Become self-sufficient. Unless you are flipping mats, you should very rarely have to buy anything at all from a guild trader. Make stuff yourself. Refine mats yourself.

And the biggest way to save money? Avoid the housing gold sink. There are plenty of ways to make money in the game over time, and housing is the biggest gold sink by far. If you are not into housing, you will amass gold over time whether you are trying to or not. Housing just doesn't interest me in it's current form, so not spending money on it is easy for me.

Pevey wrote: »

The most important factor in amassing gold in this game is learning not to spend it. Become self-sufficient. Unless you are flipping mats, you should very rarely have to buy anything at all from a guild trader. Make stuff yourself. Refine mats yourself.

And the biggest way to save money? Avoid the housing gold sink. There are plenty of ways to make money in the game over time, and housing is the biggest gold sink by far. If you are not into housing, you will amass gold over time whether you are trying to or not. Housing just doesn't interest me in it's current form, so not spending money on it is easy for me.

Sorry, that's amateurish thinking. Becoming self-sufficient means doing everything yourself. And unfortunately some of the activities in the game are less productive than others.

So you would want to spend more time on cost-effective activity, buying stuff coming from less cost-effective activities.

Anyway, you would always want to spend as much money as possible by investing it in goods, because the economy always inflates and that means that your hard coin is getting cheaper all the time.

ArchMikem wrote: »

OlumoGarbag wrote: »

I knew some friends of a friend of mine that had a weekly market exchange of 40mio gold or more. But there is no reason at all to hoard more then that. You dont have any benefits of it. So the only people that have more money then that are people that are selling gold for IRL money

StormChaser3000 wrote: »

I make 1 million gold a week. It's a bit tedious tho.

I guess it's possible to become a billionaire, you just have to grind IC 24/7 with a solid group.

If you farm solo you could make like 80mio per week

Now you're just throwing numbers around.

Its not im making 250-300k tv solo with alchemy mats and good buyers thats about 600k gold per hour on a 24/7 run that is pretty much exactly 100mio gold per week but you would need some sleep and time to sell mats so 80 mio is actually realistic

NoTimeToWait wrote: »

Sorry, that's amateurish thinking. Becoming self-sufficient means doing everything yourself. And unfortunately some of the activities in the game are less productive than others.

So you would want to spend more time on cost-effective activity, buying stuff coming from less cost-effective activities.

Anyway, you would always want to spend as much money as possible by investing it in goods, because the economy always inflates and that means that your hard coin is getting cheaper all the time.

For the first part, there are good points on both sides. I think it's useful to be able to be self sufficient, because then you are less vulnerable to pricing changes from other players. But I don't mind at all spending money on items that I want but that I don't think I can farm efficiently.
I am baffled by your second comment though. I really don't see a lot of inflation in ESO; most of the items I deal with I see stability or slow deflation. There are very few goods that I would count on to hold value.

kringled_1 wrote: »

NoTimeToWait wrote: »

Sorry, that's amateurish thinking. Becoming self-sufficient means doing everything yourself. And unfortunately some of the activities in the game are less productive than others.

So you would want to spend more time on cost-effective activity, buying stuff coming from less cost-effective activities.

Anyway, you would always want to spend as much money as possible by investing it in goods, because the economy always inflates and that means that your hard coin is getting cheaper all the time.

For the first part, there are good points on both sides. I think it's useful to be able to be self sufficient, because then you are less vulnerable to pricing changes from other players. But I don't mind at all spending money on items that I want but that I don't think I can farm efficiently.
I am baffled by your second comment though. I really don't see a lot of inflation in ESO; most of the items I deal with I see stability or slow deflation. There are very few goods that I would count on to hold value.

In my case, I am talking about PC EU server. And inflation is more prominent, if you are a member of a number of top trading guilds. First of all, guilds monthly and yearly sales have grown up. Plus, many "luxury" items like new motifs and receipts are selling at higher price point than year ago. These changes are small, 10-15% yearly inflation. But you see these changes, if you count numbers every month as one of the ways you spend time in ESO

NoTimeToWait wrote: »

kringled_1 wrote: »

NoTimeToWait wrote: »

Sorry, that's amateurish thinking. Becoming self-sufficient means doing everything yourself. And unfortunately some of the activities in the game are less productive than others.

So you would want to spend more time on cost-effective activity, buying stuff coming from less cost-effective activities.

Anyway, you would always want to spend as much money as possible by investing it in goods, because the economy always inflates and that means that your hard coin is getting cheaper all the time.

For the first part, there are good points on both sides. I think it's useful to be able to be self sufficient, because then you are less vulnerable to pricing changes from other players. But I don't mind at all spending money on items that I want but that I don't think I can farm efficiently.
I am baffled by your second comment though. I really don't see a lot of inflation in ESO; most of the items I deal with I see stability or slow deflation. There are very few goods that I would count on to hold value.

In my case, I am talking about PC EU server. And inflation is more prominent, if you are a member of a number of top trading guilds. First of all, guilds monthly and yearly sales have grown up. Plus, many "luxury" items like new motifs and receipts are selling at higher price point than year ago. These changes are small, 10-15% yearly inflation. But you see these changes, if you count numbers every month as one of the ways you spend time in ESO

OK, I see what you mean now, and in that sense I can see inflation. And I can see how if you are in top trade guilds you can make money reselling those items but it's probably harder for people not spend ING as much effort on trading. I mostly just avoid that by not feeling the need to have the newest, shiniest luxury items.

Oops, wrong thread

I'm currently worth around 130 million gold in game. The majority of that has come from writs. I do 210 a day normally, spend around an hour doing so and as an end result i make on average 2.5 million gold per week with very little effort. The time i spend doing writs to make this gold is massively less then what the average player spends just standing around waiting for queues to pop.

The real trick to making gold by doing writs is to be efficient at it. You might not think there is much to do with them but there lots of little things you can do to make them easier and speed them up. Most players don't understanding that taking a little bit of time to invest into writs pays out massively in the long run.

Skwor wrote: »

OlumoGarbag wrote: »

ArchMikem wrote: »

OlumoGarbag wrote: »

I knew some friends of a friend of mine that had a weekly market exchange of 40mio gold or more. But there is no reason at all to hoard more then that. You dont have any benefits of it. So the only people that have more money then that are people that are selling gold for IRL money

StormChaser3000 wrote: »

I make 1 million gold a week. It's a bit tedious tho.

I guess it's possible to become a billionaire, you just have to grind IC 24/7 with a solid group.

If you farm solo you could make like 80mio per week

Now you're just throwing numbers around.

Its not im making 250-300k tv solo with alchemy mats and good buyers thats about 600k gold per hour on a 24/7 run that is pretty much exactly 100mio gold per week but you would need some sleep and time to sell mats so 80 mio is actually realistic

Ok, now I have to throw the flag on your numbers. Especially since you present this as a continuing process. Screenshot please or it just ain't happening. I have thousands of each alchemy mat and they do not move at that volume for those prices weeks on end.

are you even listening?
This is a theoretical answer to a theoretical question. NO ONE in their right mind would farm telvar 24/7. Im doing this once a month for 3 hours and thats enough to stay above 1mio for the whole month

Oreyn_Bearclaw wrote: »

EliteWarrior wrote: »

Oreyn_Bearclaw wrote: »

There are definitely billionaires in eso. To some people, acquiring gold is how they play this game. One of the top traders I know has been around since beta and isn’t even close to the CP cap. There are grand overlords that made 100 million plus in a single day when decoy elder scrolls were breifly BOE.

Like in real life, gold tends to accumulate faster the more you have. I am well over 8 figures and I don’t actively trade or flip (buy/sell) items other than listing the occasional rare drop i come across. Especially if you get into master writs, you will find it’s pretty easy to be self sufficient in this game. Best way to accumulate wealth is not to spend it on stuff you can easily get yourself.

sorry but what do you mean by BOE?

When they first added the Decoy Elder scroll (only available if you are a Grand Overlord), they where bind on equip. Meaning they could be sold. This was only available for less than 24 hours before they put a stop to it. Some were being sold for upwards of several million gold. I paid a million for mine. Haha

Yeah but the ones that were already listed on vendors weren't taken down as well so even if they Bop'ed them in a day it was a month before they were all gone

reoskit wrote: »

EliteWarrior wrote: »

but how wealthy are some of the top traders, or GMs of the top guilds.

Just dropping in to note: not all trade guild GMs/officers take a cut of the guild's profits. Our team doesn't; everything we do is volunteer and all profits benefit the guild directly.

We may be (perhaps should be?) experienced traders who continue to trade for personal wealth, but that's done quite separately from our officer duties.

Same here. Some of my officers play the economy on a personal level, but do not get a cut of profits. As the GM, I'm CONSTANTLY giving my stuff to the guild for prizes, auction items, etc. I do very little trading of my own anymore, and as such I pretty much only have enough gold to support the other guilds I am in.

Lyserus wrote: »

There are many of ppl that can throw their in game gold around like it's nothing. Now with gold-crown exchange, they can probably play free except only subscription fee.

Once you reach an amount of gold you can just “monopoly” a specific item by buying all of them in trader guilds and put them up with higher prices （preferably those that are hard to come by but somewhat essential, like tri-stat rune, summerset alchemy ingredient etc）to reap harvest and “make money with money”

But those are minority for sure

No amount of gold is going to let a player monopolize a specific item. There are over 200 traders in game they would have to monitor twenty four hours a day every day. Yes they can flip items for profit and I know a few players that do that almost exclusively in the game because that is what they find fun. They are not going to have a monopoly though.

I'm rarely ever above 100k at any time, and if I am, I guarantee I'll be broke again within the week lol.