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Tips on becoming insanely rich?

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Comments

  • @Draqsko
    The drops are the same if you skip helping the guardians.

    As for priest clears, it is somewhat slower than other classes, but you can speed things up with DPS crystals (but keep in mind that only a few skills can backcrit Banyakas, like gunner Arcane Barrage), crit power scrolls and other consumables, and with adjusted glyphs for more DPS.
  • Thank you all so much, these really helped me! Especially you, TeraDestiny, thank you.
  • Alright so this post is very long but has real examples to give you an idea. If you're really interested in making money, give it a read. I'm even giving away one of my personal secrets to easy money making in it (you're welcome :heart: )

    As someone who's played Tera for the past 4 years and watched the market fluctuate, I'm just gonna throw in my lil opinion.

    There are some really good opinions on here. Each style of money making has a different approach, and not many of them are going to be instant profit gains. More often than not people forget that making money requires time and effort. That being said, if you see an approach to making money you enjoy then you need to stick to it and not cave in or give up because it's taking too long - cuz then you're just losing money).

    Personally speaking, the easiest money to make is doing your dailies and selling all the mats. It's not as profitable now as it was earlier in the patch (rip tier 9 selling for 15g ea). You can still sell masterwork alk boxes and niveots on top of whatever mats you get while running. However if you're going about your daily life on Tera and doing dungeons etc and not working on gearing, you can get a decent amount of mats to sell. Feedstock, alk, things of that nature will sell super fast. Now these aren't the most profitable but it's a good way to make some ez coin. I was doing this at a very minimal amount when the most recent patch hit and was easily making 10-20k a day from one char. If you don't want to risk the broker or if you just prefer playing more than sitting at the broker, then this is prob the best method for you. Capitalize on new patch releases as well. Stock up prior to a patch and sell after release when prices will skyrocket. If you really want to be sneaky/annoying for money, you can even buy up certain items for a class release. For example, with ninja release everyone was rushing to hit 65 for the title/achievements/whatever. Not many people wanted to wait for gear to drop so they would buy cloth gear on broker. The cost of cloth low level gear on my server skyrocketed from 5g to 100-500g for "superior" gear. There were even pieces sold for over 1k that had sold for less than 5g the week before. Some people take advantage of this. And although the profit seems minimal, the profit margin is substantial. That's a 100-200x increase in cost. A 20,000% profit is crazy but people do it and can make some very easy money this way (Though a lot of people will give you a hard time if you're one of the ppl doing it). Or even consider a double drop weekend (like the one coming up). Buy mats for less, wait a week or two and resell them for more. It's things like this, various market patterns that are announced in advance that you can plan around that can make you a good amount of money.

    Next up: EMP items. Everyone assumes EMP selling is the best way to go. It's true, if you don't know the market then selling any EMP you get with real life money could be your easiest route. It's quick, someone will always buy it, and it takes minimal effort outside of a few buttons and a credit card number. But ask yourself, what are EMP buyers doing with those items? 9/10 times they're reselling something you got at a markup. Let me use a quick example with dragon loot boxes as it's the most recent item. On my server, EMP sells for about 1:35 and a dragon loot box is 495EMP, so a total cost for a box bought by an EMP buyer is 17,325g. That same loot box is selling on the broker for around 24,500 gold (the last I checked anyway). Now quick math shows us that particular box is making a total profit of 7,175g for the EMP buyer (who is selling it for almost a 1:50 ratio). But that box might take a day, maybe even a few days before it sells. The key to selling actual EMP items is patience. It won't sell nearly as quick as selling pure EMP but it has a better profit for you. And even with EMP items, certain things sell more often. Account services seem to sell more often than loot boxes or cosmetics - but the ratio here is lower because most EMP buyers know this and so there's more market competition for account services (i.e. price cutting etc). I've had conversations with some well known EMP buyers and they've all said this. Some have even stopped selling cosmetic items completely because the market is just not as active for them (or there value gets lowered a lot by in game events like kyras potion etc) - even though cosmetic items can have some of the most lucrative profits. That's just basic supply and demand. It all trickles down into your preference. You can sell 1 cosmetic item in a week and make a 50k profit, or you can sell 10 account services in that same week and make the same profit. It all depends on your personal patience level, how much you can invest and how much you can wait. Time is money, after all :tongue: One thing to keep in mind: Tera store sales. EMP prices will rise during this time, but you can also make a healthy profit regardless. For example if something is originally 995EMP on sale for 495EMP. EMP prices might jump to a ratio of 1:40, so one of those items could cost 19,800g. Now say you buy one, wait a while for the market to adjust (a couple weeks should do) and EMP drops down to 1:30 but that item is back at 995EMP. That item would then sell for 29,850g just at EMP ratio (not including a broker markup which would probably be at 1:40). So you could be making 10-20k off that one item just by waiting. A lot of EMP buyers take advantage of these sales and stock up. I'm talking like 100x of that item. That's an easy mil or two in profit alone for them. Crazy right?

    My last tidbit is on buyouts (which is buying all of a certain item on the broker, raising the costs a substantial amount while there's no competition, and reselling for a profit). I personally hate them. I've tried doing buyouts on various items throughout my time on Tera and it's not as effective as I'd like for the amount of time/cost put into it. However there are some people who can pull it off (and I'm jealous). It's just a very risky method that can be ruined if someone has stacks of that item in their bank. So be super super cautious if you're trying to do this. I don't recommend it unless you're extremely certain that you will be able to do it right and do it well.

    Now let's talk about one of my personal favorites. I just came back to Tera after 3 months of not playing. I wanted to immediately get back into playing the market but after being gone for so long, I decided to give myself a very small limit of 25k because I wanted to refamiliarize with the market (aka play it safe bc I didn't want to waste money). So what did I do with that 25k? I invested it. I had a fair amount of bg credits among my alts and I used that + the 25k to buy a bunch of enchanting bonanza boxes off the broker. The boxes were about 1.3k-1.5k each, so I bought like 20 and used bg creds to get 10 more. And then I opened them. Why? Well the answer is simple. They drop enchant mats that sell quick because they're always in demand, and if you get lucky and pull 25x semi-enigmatic scrolls you can sell them for 200g ea right now. That's 5k from a box that only cost 1.5k, for a 3.5k profit (or 233% profit). So I opened my 30 boxes, got lucky and got 250 semis thru all of it + I think 300-400 spellbind (which sell for about 35g I think currently?). So that initial 25k (+my bg creds) got me from 25k to ~70k in one sitting. I sold all those mats, used the 70k to repeat the process after buying all the boxes on my server, and now I'm sitting at about 150k from doing this for maybe 30mins-1hr of actual effort (not including time it takes to sell the mats). Now this isn't a for sure method of making money. You could pull a lot of master enigmatic scrolls or tier 9 feed, which doesn't make up for the cost of the box (per quantity given). It's all rng but it's cheap rng that I've noticed more often than not gives you a substantial profit. Now why am I giving away this info? Because I feel like a good portion of people who read this are just starting off with money making on broker, and they can't afford to throw a lot of money down at once. This is an easy example that doesn't cost much and gives a decent profit - although it depends on your server costs and market trends (like right now enchanting boxes are selling for 1.9k since I bought them out and I'm just waiting for the market to replenish and drop back down bc it's not a good profit&loss ratio at that price). Just keep in mind if you're doing this to weigh the outcome BEFORE making any purchases, just like you should with any market flip. PSA/Disclaimer: the more people that read about this particular method and try it, the less effective it will be (remember, supply/demand - more ppl will buy boxes, causing cost to increase to above what profit will give which makes it less effective than what I just wrote). Don't say I didn't warn you.

    TL;DR - go back and read it, you can't really expect it to come that easily. There's no shortcuts in making money.

    All in all, I hope some people find this helpful. I'm happy to answer any questions (and would love feedback if anyone has any). Best of luck to all of my fellow gold getters out there.

    P.S. I didn't talk about gathering/selling crafting mats or crafting in general because I'm not a fan of it. It's just a personal preference. I find crafting to not be as utilized as before, and the market demand isn't strong enough for me. It has the potential to make some good money as mentioned by @TeraDestiny earlier in this thread - but I'm not familiar enough with that aspect of the market as I don't partake in it. But that's also an option if you're interested. One thing I will bring up about crafting is that it takes a pretty decent amount of gold just to get to a point where you can make a profit with crafting (for example, etchings), and even then I've found the profit is questionably unsteady. Just a warning to anyone thinking of going this route.
  • vkobe wrote: »
    There are many ways to accumulate gold. The best way to start is to have alts, and at least one or two accounts used for gathering. IoD BAMs are overall the most time efficient way of farming credits, gold and recources, but I personally avoid them, since they get really tedious over time. Do the daily dungeon for Shadecore tokens on as many characters as possible, and do the same thing in Kumas, saving the daily chest and credits. We've got new content incoming, so having credits ready to exchange for new nodes and crafting materials will bring in good gold.

    I mentioned gathering earlier. You can opt to do several things: 1) Try your luck with etching, or just refine materials like scarabs for sell; 2) Craft brooches - Quatrefoil is the new BiS, but they offer only a slight improvement over the superior crafted brooches, and they still sell; 3) Craft oils - Hijka, Aterstod, Ostatak. I'd advise against selling raw materials, since there is always a possibility of critting. Even refining them to ingots, silk or sillex is better than just handing them over for less gold.

    Exchange the tokens you get from daily dungeons and/or IoD bams for things that are highest in price currently. Goddess Tears were a good item for sell, but I think Colluva Ore is more worth selling at this point. If you do t3 bams for Shadetops, sell Runes. Oh, and the most worthwhile investment is to get Elite status as soon as possible. It literally pays itself out in only a couple of days of doing Vanguards and other dailies, and it's worth not just because of the double rep, but because of the Crafter Cures and consumables you'll be saving money on.

    Nothing to do on your character? Did you do your Ghillies? One run is worth about 300 to 400 gold, depending on the drops, and you can finish it in 5 minutes or less. 4 entries per day, that's 1200 gold per character. And there is always that small chance that an expensive design or diamond might drop.

    I don't flip items on the broker, but selling wisely also brings in more gold with some patience. Hoarding stuff is the key. Also, being vain in moderation. Laughable as it may seem when someone says it, costumes and cosmetics ARE the true end-game of Tera. Gear, jewelry, and as we've lately seen, even innerwear, lose relevancy every couple of months. But costumes, mounts and accessories are there to stay. Attractive as they may seem, they are also quite expensive, so unless you really want that costume, it would be wise to limit oneself to as less as possible. Unless you buy EMP with money.

    The market is somewhat a mess with prices right now, but with all the things I've mentioned, I've earned about 2.5 million gold since this patch started. And, I don't even do instances like SSHM or DSU, which would have, especially in the case of the latter, brought me at least twice as much. So, even with "vanilla" gameplay, you can get decent gold with enough patience and by just playing the game.

    can you run ghillie in dreadnaught gear?

    with brawler and gunner yes

    no. u can clear Ghillie with any classes
  • I tried to go into ghillie using a scroll today but it took me near bol, and I didn't see a teleporter, just the level 17 devas? how do I get in there?
  • cuz wrote: »
    P.S. I didn't talk about gathering/selling crafting mats or crafting in general because I'm not a fan of it. It's just a personal preference. I find crafting to not be as utilized as before, and the market demand isn't strong enough for me. It has the potential to make some good money as mentioned by @TeraDestiny earlier in this thread - but I'm not familiar enough with that aspect of the market as I don't partake in it. But that's also an option if you're interested. One thing I will bring up about crafting is that it takes a pretty decent amount of gold just to get to a point where you can make a profit with crafting (for example, etchings), and even then I've found the profit is questionably unsteady. Just a warning to anyone thinking of going this route.

    Actually crafting anything at this stage is probably not worth it, unless you already mastered a skill. Between leveling up your skill and taking the tests, it would be a long time before you seen a return on your investment if decide to start now.

    However, gathering requires no initial investment other than time and PP to level up. If you aren't spending your PP on crafting (either for yourself or for selling on the broker), then you should spend them gathering mats and selling those on the broker after a new gear patch. It might not make you rich quick but it is a steady income, and there's a chance you'll get etching mats even from low level nodes. I made far more gold doing that when leveling my first character than I did with any other method.
  • I tried to go into ghillie using a scroll today but it took me near bol, and I didn't see a teleporter, just the level 17 devas? how do I get in there?

    I think that is an old scroll, GG entrance is located in Velik's Sanctuary and the teleport scroll is labeled as Velik's Sanctuary, not GG.
  • Draqsko wrote: »
    I tried to go into ghillie using a scroll today but it took me near bol, and I didn't see a teleporter, just the level 17 devas? how do I get in there?

    I think that is an old scroll, GG entrance is located in Velik's Sanctuary and the teleport scroll is labeled as Velik's Sanctuary, not GG.
    thanks for the answer.
  • Thank you so much again! Really appreciated.
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