Thursday, 7 March 2013

Trading - Buy It Now

The ability to include a Buy It Now (BIN) price on an auction offers a great opportunity to make small repeated profits by re-selling in the Auction House.

The strategy I use is to bid on none rare gold players at 300 coins. The players I select for this are ones that play at 6 of the biggest Barclays Premier League clubs, or regular England Internationals. There are some players from outside the Premier League that I will bid on but the popularity of this league makes it easier to make a profit on those players.

Ther are also some rare cards that also fall into this category that can be picked up for 600 coins and regularly sold at a profit in the auction house, however for now I am going to concentrate on the none rare gold cards.

Once I have selected the players I am going to bid on I will search on the details with a maximum price of 250 coins. I will bid on all the available cards at 300 coins. I woulnt expect to win all of these players, which is a good sign as it means that there is a good possibility that they can be sold at a decent profit, and if they don't sell after a few auctions selling through the quick sale function will still record a small profit.

With any cards that I do win, I send them to my trade pile and list for auction. To ensure I do not make any losses I start the auction at 350 coins, but by adding a sensible BIN price I can often make a decent profit. The price I set the BIN at will depend on many factors. I usually set them at 500 coins, but if a card gets sanpped up quickly I will list that card for more next time.

I always list the cards for 1 hour, so if they don't sell first time I will list them several times, and would expect them to sell eventually.

If a card has no contracts I may list at 450, if they have a high number of contracts I will go higher.
Other factors to consider are formations, so I may put a 4-4-2 or 4-1-2-1-2 card slightly higher than others.

The beauty of the BIN function is that players may be looking for a particular card to use in a game straight away and waiting an hour to pick the card up for slightly less may not appeal to them. Alternatively they may want to secure the card they want for a few extra coins and not risk being outbid. There are many reasons why players will be prepared to pay over the odds for certain players but this will only happen though if the BIN is set at a realistic level. A none rare gold Premier League player with a rating of 80 could be picked up for 300 coins. Someone may pay 500 or 600 for this depending on other factors, but they are very unlikely to buy at 1,500, Setting the right BIN price is key to making profits, as this is a strategy that can be repeated again and again and those profits can really start to add up quite quickly.

Happy Trading



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