I've been playing Splinterlands since late August of this year and like many of you who enjoy battle card games, I was thrilled at the idea of making money with my spare time playing games that I enjoy. So, I bought my spell book and start my journey with 20,000 Credits.
The only thing that slowed me down was not knowing exactly how to go about turning my leisure time into productive gains. After a few days of relentless gameplay to no significant end, I began to think that I would need to heap large sums of money into this game in order to see any real return on my investment. Upon exploring the application a bit more, I found the marketplace and here’s where everything changed for me.
Card Flipping 101
My strategy for beginners to start buying, combining, and reselling cards like a pro'. A simple formula keeps me increasing my $DEC on a daily basis. I use this formula to price my cards, so that I always place my cards for sale at a desirable markup.
Whatever I’m not ready to sell I’d usually rent for a competitive price. If you’d like to learn more about renting cards or how to competitively price you cards, leave your requests or questions in the comments.
I wait until I see the current selling price of a card meets a markup of about 25% above the my purchase price, or the price per 1 bcx, or the average purchase price of all of that specific card and add my desired amount of profit to the Market Value.
I have listed the steps to take & the formula that I use below:
Lowest Current Price (LCP) x BCX of the card to be sold = Market Value (MV) + Market Value (MV) x Return on Investment (ROI) [eg. 35% or 0.35] = Desired Resale Price (DRP).
Example: (Gargoya Lion, Level 5, BCX 60)
$0.20(LCP) x 60(BCX) = $12.00(MV) + $12.00(MV) x 0.35(ROI%) = $16.20(DRP)
Step by Step:
Open the Market tab in Splinterlands app, select the card you wish to list and note the level & BCX for the card.
Use the PRICE ascending filter to find the LCP per 1 BCX. Then Multiply the LCP by the BCX to find the MV.
Multiply the MV by the ROI percentage and add the total to the MV to find your DRP. (Refer to the Resale Formula above.)
Go to the FOR SALE listings and look for similar cards with the same level and BCX or something comparable at a lower level.
Use that DRP as a target set your Actual Resale Price to be able to compete with the cheapest prices that are closest to your DRP.
BONUS: At the end of each season you will want to check prices to ensure that your card is still competitively priced.
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