Page 1 of 2 12 LastLast
Results 1 to 10 of 17

Thread: [GUIDE] How to become a Successful Trader

  1. #1

    Joined
    Jan 2012
    Posts
    2,861
    Thanks
    527
    Thanked
    1,028/516
    Mentioned
    417 times
    Time Online
    11d 9h 58m
    Avg. Time Online
    3m

    [GUIDE] How to become a Successful Trader

    Many people have asked me: "O Mr. Carrot, how do you have so many successful trades in this dying neopets market?" Well, now I can just link them to this guide to respond!

    In this guide, I will explain all of the different factors that go into being a successful neopets traders. Different traders have different techniques; I will be posting what has helped me be successful.



    First, a little about myself. I started cheating neopets when I was 15 years old. I had no clue about anything illegit; I was the classic illegit noob. Pretty soon, I realized that I wanted to make money off of this stupid site. After being frozen unfairly multiple times, I decided it was time to get something back for the countless hours that I had spent on neopets.

    Two years later, (and a couple thousand dollars richer,) I have learned so much about cheating neopets, selling goods, and making money. If you want to do the same, keep reading!



    Appearance

    1. On your selling thread, make sure you use correct grammar and look professional. No one wants to buy from a seller that tlks lyk dis! It makes the seller seem immature and irresponsible, and potential buyers don't want people like that handling their goods.

    2. Make your selling thread look nice. Center it, use bold, italics, and underlines. Include an introduction to make yourself seem friendly and easy to approach. Spoilers are always nice because they clean up threads. For more on this topic, check out (you need an account to see links).

    3. Include images. Make your thread appealing to the eye. Make the potential buyers want to read your thread. Images of avatars/trophies when selling services look nice, as well as images of various shields when selling accounts.




    Reasonable Pricing

    1. Slash your prices. Expect to get terrible offers, if any offers at all. The market for neopets is terrible, so you need to take what you can get. Nothing is selling for full value anymore.

    2. Don't make your prices too low. This makes you look sketchy, and it annoys other big time sellers. Most neopets goods are selling at the same price for everyone, so there's no need to sell neopoints, for example, at $1/m when everyone else is selling for $2.

    3. List ABs. Post the price that you would automatically accept for something, and then expect offers much lower than that. Before you put something up for sale, know the lowest that you would go.




    Patience

    1. Be patient. Wait for decent offers, they will come eventually.

    2. Don't be stubborn. If you are selling something for $5, and someone offers $4.75, why do you care so much about that quarter? Take the offer.

    3. If something you are selling is getting no offers, slash the price.




    Itrader (AKA Trade Rep)

    1. (you need an account to see links) is one of the most important tools of the forum. It allows people to see how many sales/buys you have on the forum. (you need an account to see links)

    2. Make some smaller sales before attempting to sell items of higher value. No one trusts a person selling an MSPP with 0 itrader. Before selling expensive items, try to get 5-10 unique trades.

    3. DO NOT ABUSE THE ITRADER SYSTEM. Only submit trades that actually go through. Anyone caught abusing the system will be infracted or banned.




    Customer Service

    1. Be kind to your potential buyers. Don't be snappy or sarcastic because they back out of a trade, you never know when they will come back.

    2. Respond to all PMs right away. Potential buyers love getting quick responses, and it makes the trades go very smoothly.

    3. Send friend requests to frequent buyers to show them that you appreciate their business.




    Auctioning

    1. Auctioning is a useful method of selling. Use this method when you have an interesting/nice item that you know you would sell for cheap.

    2. Have an end time. If you say that you are auctioning an account and then don't say when it ends, it's just like all other selling threads. Adding an end time adds the competition aspect to selling.

    3. Have a price in mind, and choose the starting bid and increments logically. Choose what you think will get the end price close to or over your price.




    Advertising

    1. Include the link to your selling thread in your signature, and be active on the forum. People will be curious to see what you are selling when they see you post, so the more active you are, the more deals you will make.

    2. Check the Neopets Trade section when you come online. See if anyone is buying what you are selling, and link them to your thread.

    3. Bump your thread whenever you can. Bumping it will make it appear in new posts, and that may bring in potential buyers.




    Helpful Posts






    END

    I hope you enjoyed my guide! If you have any questions about anything, feel free to post, (you need an account to see links), (you need an account to see links), or IM me. Comments and constructive criticism are appreciated, as well as the techniques of other successful traders. Thanks for reading!







    Last edited by Carrot; 02-10-2012 at 11:52 PM.

  2. The Following 20 Users Say Thank You to Carrot For This Useful Post:

    aca (02-10-2012),aeriagames (08-27-2012),Apple (06-14-2013),Corliss (05-29-2013),Craze (02-17-2012),Evelsaint (02-10-2012),holyzac (02-16-2012),Kad (02-18-2012),maxxine (02-10-2012),Mike (02-10-2012),Monark (02-10-2012),Raj (07-26-2013),Reese (08-20-2012),Slasher (02-10-2012),Storme (07-06-2012),trix (03-10-2012),whatisthis (06-14-2013),Whispers (06-23-2013),Zeus (02-13-2012),zxzero (02-17-2012)

  3. #2

    Joined
    Dec 2011
    Posts
    1,610
    Thanks
    412
    Thanked
    1,065/607
    DL/UL
    68/0
    Mentioned
    582 times
    Time Online
    N/A
    Avg. Time Online
    N/A
    Nice guide (: + reppppp

  4. #3
    I_royalty_I's Avatar
    Joined
    Dec 2011
    Posts
    7,020
    Userbars
    78
    Thanks
    6,786
    Thanked
    10,957/3,908
    DL/UL
    30/0
    Mentioned
    1,998 times
    Time Online
    435d 8h 55m
    Avg. Time Online
    2h 29m
    Pretty good guide.
    But one thing that I don't see on there that I value above all, is honesty.

    You have to be 100% honest with people. Don't beat around the bush.
    If you tell somebody you will buy something for $1 each because that's all it's worth, don't turn around and sell for $3 each because it's now worth that.

    Be upfront about how you got things, how long they are secured, etc etc.

    I look at trading at a casual environment. I have made more friends trading than anything else. I find if you are honest with people, they will come back and maybe even refer you to other people.

    Sure the business end is all well and good, nice threads, advertising, etc; but I think that is all secondary (;

  5. The Following 2 Users Say Thank You to I_royalty_I For This Useful Post:

    Evelsaint (02-10-2012),Ronith (02-10-2012)

  6. #4
    Evelsaint's Avatar
    Joined
    Dec 2011
    Posts
    1,983
    Userbars
    6
    Thanks
    261
    Thanked
    345/246
    DL/UL
    89/0
    Mentioned
    201 times
    Time Online
    7h 1m
    Avg. Time Online
    N/A
    Quote Originally Posted by I_royalty_I View Post
    Pretty good guide.
    But one thing that I don't see on there that I value above all, is honesty.

    You have to be 100% honest with people. Don't beat around the bush.
    If you tell somebody you will buy something for $1 each because that's all it's worth, don't turn around and sell for $3 each because it's now worth that.

    Be upfront about how you got things, how long they are secured, etc etc.

    I look at trading at a casual environment. I have made more friends trading than anything else. I find if you are honest with people, they will come back and maybe even refer you to other people.

    Sure the business end is all well and good, nice threads, advertising, etc; but I think that is all secondary (;
    Also, don't try to mislead buyers with with info. I got fvuked over once when someone put misleading information. They did the trade by the books but used loopholes.

    So honesty and integrity is a big plus.

    Ex. Carrot sold me some shells that didn't work, an honest mistake and he replaced them.

    That's good customer service.

    I buy from jjudd all the time and he delivers on time and does it without a problem, people tend to go back to regular buyers for stable purchases even if it means paying a little bit more.

    This is called building a customer base, good service is needed.

  7. #5

    Joined
    Dec 2011
    Posts
    1,942
    Userbars
    4
    Thanks
    350
    Thanked
    161/133
    DL/UL
    72/0
    Mentioned
    81 times
    Time Online
    1d 17h 23m
    Avg. Time Online
    N/A
    Very good guide, + rep.
    Maybe add the use of middleman, go first if you have a lower rank...

  8. #6

    Joined
    Jan 2012
    Posts
    2,861
    Thanks
    527
    Thanked
    1,028/516
    Mentioned
    417 times
    Time Online
    11d 9h 58m
    Avg. Time Online
    3m
    These are all good suggestions I'll add a section with quotes in the first post and put in the helpful posts.

  9. #7
    holyzac's Avatar
    Joined
    Jan 2012
    Posts
    172
    Userbars
    2
    Thanks
    6
    Thanked
    41/21
    DL/UL
    5/0
    Mentioned
    5 times
    Time Online
    20m
    Avg. Time Online
    N/A
    I love how you share your hard earned knowledge of your expertise that would benefit the community. *two thumbs up*
    Keep up the excellent work +rep

  10. #8

    Joined
    Jan 2012
    Posts
    2,861
    Thanks
    527
    Thanked
    1,028/516
    Mentioned
    417 times
    Time Online
    11d 9h 58m
    Avg. Time Online
    3m
    Quote Originally Posted by holyzac View Post
    I love how you share your hard earned knowledge of your expertise that would benefit the community. *two thumbs up*
    Keep up the excellent work +rep
    Thank you very much for the rep Glad you liked it!

  11. #9
    zxzero's Avatar
    Joined
    Dec 2011
    Posts
    29
    Userbars
    2
    Thanks
    1,490
    Thanked
    1,020/472
    DL/UL
    169/0
    Mentioned
    273 times
    Time Online
    56d 5h 29m
    Avg. Time Online
    19m
    Nice guide, and patients is really needed these days. xD

  12. #10

    Joined
    Jan 2012
    Posts
    2,861
    Thanks
    527
    Thanked
    1,028/516
    Mentioned
    417 times
    Time Online
    11d 9h 58m
    Avg. Time Online
    3m
    Quote Originally Posted by zxzero View Post
    Nice guide, and patients is really needed these days. xD
    I'm glad you liked it Anything that you would like to see added to this?

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •