Make Money by Selling Set Items and Legendary Items

 

I just posted a new guide on my HubPages account about making money and gold selling set items and legendary items.  I've found a couple good arbitrage opportunities where I've made as much as $6 per million gold by buying set items on the gold auction house and selling them on the RMAH.  I'm working on finding a balance between flipping items on the gold auction house and investing some of my profits in items that will sell on the RMAH and also gearing up my Barbarian to be able to farm gold/rares.  Check out the new guide below and start making some cash!

Make Money in Diablo 3 Selling Legendary and Set Items

Weekend Warriors

The weekends are for buying.  I spent a lot of gold picking up cheap items that are going to sit in my stash until mid week when the prices level off and I can sell them for their "normal" prices.  I did however find one awesome deal that I flipped for over a million gold.

One of my markets is belts with Str, Vit, and Resist to All.  I was scanning the AH and came across this deal at the top of the GAH search page.  I was surprised that it was still there when I clicked buyout.  At first I thought I should just keep the belt for my Barb, but when I looked at the prices for similar stats I wanted to get it up on the AH and see if I could flip it for over a mill.

I put it up for 1,250,000 and it sold within twenty minutes for a cool 1 million profit.  That is why I love the weekends - players who don't know much about the AH find items and throw them up for any amount without doing research.  For players like you and me who know our markets, we can spot deals like this a mile away and capitalize on them for huge profit margins.  

I spent a lot of time this weekend reading the forums over at Diablo 3 Gold Secrets and learning about how other players are having success not only flipping items on the GAH like I am, but buying items on the GAH and selling them on the Real Money Auction House for cash.  I highly recommend that you go check out Markco's gold guide there and join the community of players who are serious about making money playing Diablo 3.  It's a literal gold mine of information.

Have a good week everyone and don't forget to put in some bids tomorrow for the server reset! 

Bidding Strategy Video

Instead of just writing about my experience making money playing Diablo 3, I wanted to show you guys one of my auction house strategies that makes me millions of gold through a video!  This is my first effort on putting together an instruction video but it won't be the last!  Check it out below.

Bidding Strategy Guide

I just put together a guide on HubPages for a bidding strategy that will allow you to make some decent money playing Diablo 3.  As stated in my short guide - understanding the gold auction house is the first step to understanding how to make money playing Diablo 3.  Gold has a value and an exchange rate (if you understand how to convert the gold that you've acquired to real money.  This guide will help you in one aspect of the gold auction house - bidding on items.

Make Money in Diablo 3 By Bidding on Items

Check it out and enjoy!

Ding! Level 60!

I've been in the leveling home stretch for about a week and I finally just sat down and pushed through over the weekend.  I have just over 40 hours played on my Barbarian (and a lot of that time has been spent playing the AH).  I probably spent 25 in game to get him leveled to level 60.

I dinged 60 in the middle of Act IV in Hell difficulty.  I didn't spend a whole lot of time farming anything as I leveled, I just concentrated on burning through the content.  Now that I'm level 60, I plan on jumping into Inferno and trying my hand on Act I.  I invested about 4 million gold in gear to hopefully get my resist all up a bit and also tacked on some additional gold find.  Looking at the screenshot above, I feel like I need to invest a few more thousand into dyes to make my Barb look less like a clown and more like a money making cash cow.

I'm still spending the first 20 minutes to half an hour of my in game time combing the AH for deals and bidding on a bunch of items.  I've really learned a few markets and have been trying to expand my horizons a bit, but I seem to keep coming back to the ones that I know.

My bidding strategy seems to work and give me a steady flow of items to flip.  Almost every time that I log in I have won at least 5 items that I can re-list for 100% or more profits.

Well, I'm off to give Inferno Act I a shot.  Wish me luck!

First RMAH Sale!

Finally!  I broke the damn RMAH ice and made a sale.  I was beginning to believe that no one actually bought items on the RMAH and that everyone who I've been talking to about making money in Diablo 3 had been playing a huge joke on me.  Now, I've got a renewed confidence in the game and am going to see how I can expand upon my one GIANT $1.99 sale. 

Here's what sold and how I sold it...

I've been experimenting in several markets on the gold auction house, primarily for Barbarian gear because that's the class that I know well.  I use a bidding strategy to try and scoop up deals for gear that I know will sell quickly if priced right - so I normally have a lot of gold tied up in bids.  What I'm trying to do is build up my gold supply so that occasionally I can invest in an item on the GAH to flip and sell on the RMAH.  I've heard of players getting as much as $20-$30 per million gold spent on the gold auction house in real money when they sell items on the RMAH - but I know that number is drastically dropping.

Right now my stash hovers between 2 and 4 million depending on how many bids I have going.  I'm spending a little bit of my gold investing in a long term strategy (that I'll write about once I figure out if it will actually work) and then I also have been keeping an eye out for items that I think would sell on the RMAH and are in my price range.  That's how I found the item that I sold last night.

I was looking through level 60 Barbarian shoulders with 100+ Vitality, 100+ Strength, and any Resist to All.  I found a low (ish) bid on a really nice piece with 150+ Vit, 140 Strength, 30 Resist All, and 16%  Magic Find.  I scooped it up for about 400K gold.  I tried to sell the item a few times on the RMAH for $10.00, then $5.00...then I dropped it to $1.99, which is where it sold.  Now, I know that the gold to money ratio isn't that great on it, but the concept that I learned from this sale is valuable - items with high quality stats will sell on the RMAH if the price is right. 

I had the money go to my Battle.net balance to avoid the high pay pal fee.  My idea is to build up a little balance in my Battle.net account and then use the money in that account to bid on/buy high cost items that I know will sell and re-sell them to cash out through Pay Pal.  I'd like to find a bunch of small markets where I can flip items like the shoulders and build up a nice little revenue stream.

For now - I'm working on getting to level 60 so that I can start building my farming set.  I'm level 55 and can just about taste it!  Now I've got about 45 minutes before I need to get ready for work - level 56 here I come!

Post Weekend - Bidding Strategy

On Saturday I posted that I was up to 1.4 million gold and was going to try out some new strategies for making money in Diablo 3.  Outside of the hour and a half I spent listening to podcasts from Markco about auction house strategies, I only spent a few hours this weekend playing the game.  Most of my time was spent combing the auction house for deals and learning how to flip items for a profit on the gold auction house.  I still have yet to make a sale on the Real Money Auction House (RMAH), which has been a little frustrating...but I did see a ton of success making gold this weekend.

My current gold balance shows around 400,000, but I have 8 auctions up that if they all sell will net me around 3 million gold.  I also have about 1.5 million tied up in bids - which is where I am seeing the most success in flipping items.  So even if only half of my auctions sell, I'll be up to around 2,000,000 gold and plus whatever gold I am refunded for my bids and the value of the items that I do win when the auctions end.

From my experience over the weekend, I found that bidding is where the biggest profit margins are.  Players that are buying upgrades are not going to bid on items and wait for the auction to end - they will sacrifice a few Vit points (and pay more gold) to be able to get an upgrade right now.  Here's the bidding strategy that I used this weekend to play the GAH.

1. Pick a niche. - I play a Barbarian, so I started looking at level 60 armor for Barbarians.  
2. Find items that you would purchase for your character. - My search criteria included: 100 Vit, 100 Strength, and I tried several other key stats like movement speed, attack speed, and resist all.  I picked one niche (belts) and decided to play in that space until I learned the price points and how to make a profit flipping items there.
3. See what the lowest buy outs for items with your search criteria are. - If you find a belt (or whatever other armor choice you pick) that has 100 vit, 100 main stat, and 40 resist all for a 50,000 gold bid with no buy out, check to see where similar items are priced at with buy outs.  If the lowest buy out for a similar item is 500,000, put in a bid for the item.
4. Bid on lots of items. - The easiest way to track items is to bid on a ton of items.  Once you bid on a item, it will show up under your auctions tab until it expires.  Right now I have 26 items that I've bid on and am following, but as I grow my gold and expand to other markets, I expect to be following hundreds of auctions.
5. Don't overbid. - Set a top price for each item that you are bidding on and stick to it.  You want to be able to sell the items you win for at least 2x the amount you paid for them to make it worth your while (and the auction slot). 

The first step to making money in Diablo 3 is having a handle on the gold auction house.  I feel like I'm getting there and learning, so I'm hoping that my first sale will come soon on the Real Money Auction House.  A huge thank you to the guys over at Diablo 3 Gold Secrets forums for continually posting and helping out guys like me who are struggling a bit!  Keep up the good work.