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Today we are going to talk about cornering the market in MMO’s. You may be asking yourself what it exactly means to corner the market. Let’s break it down.
One simple way to SWTOR markets in particularly, the small size of the market in certain items allow a new market participant with some starting capital that will allow them to increase their profits by not just being in the market, but by cornering the market.
To be able to corner the market you will need to eliminate other sellers. In order to do this on the GTN, you will have to purchase all of the existing happen you will benefit by raising the price on the item to one more profitable, but if you take this concept too far the buyers will hold out until new sellers with lower prices show up.
The Case Study
I wanted to purchase two stacks of 10 Zeltron Personal Aroma Sets, and this is the blue quality Rank 5 idea to corner this market for the day.
There were 56 units listed for This is not a crazy price so that means that fewer sellers will jump in to undercut me. Including the original units and the ones that were purchased to reset the market, there are now 76 units of Zeltron Personal Aroma Set listed on the GTN for 7,500 credits per each unit.
The Results of the Case Study
Within just 6 hours of buying out the happened on a Saturday and this is a great day for GTN volume, so I was counting on there being enough buyer demand to consume the undercut lots and still have demand left to purchase mine too.
This strategy paid off in the end and all 76 market for the Zeltron Personal Aroma Sets. The approximate amount cost of 40,000 credits for the initial 20 units, my net profits were 176,488 credits.
Conclusions
The 20 units could have been sold and netted for about 20,000 credits at the market price. I have tested this out many times when the market is too expensive to buy out all the way, but it’s not the best scenario. The biggest requirement for this strategy is the initial credit balance to be able to purchase that supply. There’s no shortcut around that initial credit bank requirement.
