Money Making Guide

Vending/Merching

Descriptive Information: You'll be buying items off of players for cheaper than the norm, then selling them for the standard amount.

Mandatory Funds: 5,000 Gold
**Items I personally recommend using: Extensive/Masterwork Alkahests, Raw Crafting Material (example: Essences, Ores, Fibers), Strongbox Keys, Superior T15 Fodder items (Yellow color), and Master Enigmatic Scrolls.
**Items may change at any given point in time. I personally chose these items for you because of high demand and (for most items) the price has fluctuated barely over time.

Warning Label: This method of profit is very risky.

Steps:
1) Must have at least 5,000 Gold to start. (Bare minimum)
2) Search for items on broker that sell well
3) Click the tab "Asking Price" multiple times until you see it switch to "Asking Price per Unit" (Or something similar to it) || Make sure as well that you click it enough times to where it shows the lowest unit price not highest.
4a) Limit your search to negotiations only
4b) If none are up for negotiation, go back to step #2
5) Offer for the item, and undercut by 5-15% (Off lowest unit listed)
6) If they agree, skip to step #8
7a) If declined, find new person with same item
7b) If declined and no other items are listed, go back to step #2
8) Once you have successively purchased your item(s), it's time to sell.
9) List your item(s) in broker for what is given.* (Do not raise the price, nor lower, see below for more details).
10) Go level yourself up or do quests while you wait.
11a) Someone has offered the amount you asked for, accept it. Repeat process from steps #2-11.
11b) Someone has offered less than the amount listed, decline and continue what you were doing.
11c) Someone has purchased your item(s), repeat process from steps #2-11.


Q&A
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Q: Why must I not adjust the price?

A: Reason be, if you raise the price of the listed items you have a much, much lower chance at selling said item(s), and if you lower the price you will either lose profit, or lose more gold than you put in purchasing.


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Q: What if I don't have Elite Status? How much will that effect my profit?

A: If you don't have Elite Status, you MUST undercut the seller by at least 10%. Having Elite Status plays an easier part in vending. Here's the benefits of Elite Status that are relevant to this method:
[Brokerage Listings: 50]
[Brokerage Listing Fee: 0%]
[Brokerage Sales Fee: 10%]


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Q: How is it risky?

A: Good question. Items fluctuate in price all the time due to supply and demand. When the demand is high, and the supply is low, the price skyrockets. When the demand is low and the supply is high- you can expect them to sell for at least half of what you are thinking. The trick is knowing when to buy in order to make profit.

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Feel free to ask me any questions or concerns about this method. I'll be happy to help.

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Absolute Value & Broker

Descriptive information: Some items have an absolute value, meaning no matter what the price is on the Trade Broker, you may sell it to a merchant. This method will allow you to use that to your advantage to make some small amount of gold. As little as it may be, you will be making profit with NO risk. It's the perfect way for those of you who are either short on gold, or find Vending too risky.

Mandatory Funds: 30 Gold
Items to look for in Broker: Amethyst (30 Gold sell), Pearl (50 gold sell), Ruby (100 Gold sell), Sapphire (200 Gold sell), Emerald (1,000 Gold sell), Diamond (10,000 Gold sell)

Steps:
1) Search in Broker for one of the following listed above.
2) Limit your search to negotiations. If no listings are up for negotiations, search for another item.
3) Find a listing that is a few gold short of its gold sell value. If none are lower than the gold sell value, search for another item.
4) Offer what they have asked. Do not offer less.
5a) If they accept, take the item and sell to a merchant. Repeat process.
5b) If declined, repeat steps #1-5.

Q&A
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Q: What are the purpose of each of these items?

A: There is no specific purpose for the gems in TERA. The only reason they are in the game is to put gold into the pockets of our toons. Don't ask me why people ask for lower than the gold sell value. I couldn't tell you, but I can tell you it makes it easier for us.

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Feel free to ask me any questions or concerns about this method. I'll be happy to help.

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Reaching Level 40 & Reaper

Descriptive Information: Once you have reached level 40 you are then eligible of creating a Reaper. The Reaper starts at level 50 and after the Prologue becomes 58. From there most quests give you +100 Gold, due to you completing higher level quests.

Requirement: Must be at least level 40 and have a character space available

Mandatory Funds: None


Steps:
1) Reach level 40
2) Create a Reaper
3) Complete quests

Q&A
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Q: What happens if I do not have a free spot left?

A: If you do not have a free character space, you have three options:
1) Delete a toon that you do not play as anymore.
2) Buy a Character Slot off of Broker, Outfitters, or advertise "Buying 495 EMP".
3) This method is not for you.

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Feel free to ask me any questions or concerns about this method. I'll be happy to help.

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**More methods coming soon

Enchanting to Gain Profit
-Provided by Ruby.Roze

Ruby.Roze wrote:Alright brief test complete.  Results: profitable, but higher risk.

I used SM gear as my reference (my priest is about to level there, figured I'd check it out).
-enchantable item (Demonsbane gloves +0) = 200
-enchantables (ranging from uncommon to superior) = 50-150 depending on your RNG
-enough godly/refined godly alkahests = 1

TOTAL COST ~ 300, assuming you bought everything you need off the broker.  +9 Demonsbane gloves often go for anywhere between 600 and 950.  so you just doubled your investment.

Money banks right?  The kicker is people don't BUY +9 Demonsbane gloves very often.  Maybe once a day.  Additionally this method only really works with low-tier gear.  The margins between +0 and +9 don't increase a whole lot until you get to the tier 14/15 gear (at which point godly alkahest is useless).  With Izurah's method your items should be flying out of your inbox (often with better profits).

So yes, enchanting and re-selling gear can be profitable but it is a little more risky.

Quest Gold Boosters
-Provided by Ruby.Roze

Ruby.Roze wrote:

Descriptive Information: Once you have reached a level where you're making decent money off side quests it becomes profitable to purchase a 100% Quest Gold Booster (QGB).  The idea is you do as many side quests as you deem "worth your time," and you get paid double for completing them.  This becomes exceptionally profitable in the higher levels.

NOTE this guide can be ignored by Elite players.  You guys have a gold booster for free.  Use it lots.

Requirement: Must be willing to do side questing, and the quests must be relatively profitable (personal threshold is 5-10 gold/quest)

Mandatory Funds: ~200 depending on broker prices


Steps:
1) Purchase a 100% QGB off the broker.  Duration varies, see below for more details.
2) Complete side quests and high-paying main quests, but DO NOT TURN IN YET.
3) Activate the QGB
4) Run around turning in quests like a bat out of hell
5) Repeat when QGB times out

Q&A
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Q: Why shouldn't I just activate the QGB right away and keep going?

A: By all means you can.  If you're level 58 or higher (yes you, my fellow Reapers) this is perfectly fine, you should be able to make enough to keep the QGB investment profitable.  However, if you gather a large number of quests all at once you can save a little time on your QGB by completing the grinding stuff while you're "off the clock."

Q: How long should the QGB last?

A: That depends on you/your funds.  I personally prefer the 10-hour 100% QGB.  For only ~200 gold they last a long time and often pay for themselves within an hour or two of leveling.  Remember, that's 10 IN-GAME HOURS.  If you want to get QGBs with more time on them, just remember that some (like the 1-day booster) are counted in REAL-TIME.  If you're preparing for an 18-hour quest grind fest this option can be considered, but such endeavors are not for the faint of heart ;) .

Additional Notes:

These boosters become especially handy once you hit 60.  There are a number of high-paying quests as soon as you hit max level (Discover Noctenium, the Etching guide, etc.) worth thousands by themselves.  You are also immediately acquainted with the Jax Trust and Unified Theory Institute factions/dailies, 8 super-easy and fast quests worth 800-1k with a 100% QGB.  These quests alone pay for the booster, not including the 9:45 you'll have left to use as you wish (Nexus perhaps? ;) ).

I hope this helps.  Happy Questing!

I would really appreciate some feed back or suggestions. It's hard to update this thread if I do not know what you are all making out of this.

If you are having a hard time understanding, please contact me! I can work one-on-one with you through PM or in game to make it much easier for you. I can assure you that your privacy will be secure!

It would also help out if we had more people suggesting methods for profit (With-out spending Real Life money). Whether they may be risky or not.

I would also again like to thank Ruby.Roze for suggesting Enchanting to Gain Profit