Hi runescapers,
What's up?Thinking of doing money?Got bored of smithing or Mining?
I have a better Idea of doing Money By many ways.There are Many ways of doing money in runescape.
First of all you should have atleast 1.5 million wilth you in the bank.If you dont have this,First you need to kill cows near Lumbridge and pick the cowhides and sell it in grand exchange.It will fetch you 180gp each. By doing so you can also increase your combat level. Once you reach combat 25, you can do money by smithing which is the fastest way for starters till they reach 1.5million.
For your smithing level to increase fast.First comlete the Knight's sword quest which will fetch y0u 12,725 xp, Once you reach level 30 in smithing , you can start smelting steel bar ,
1. Buy 1000 coal and 500 iron bars from grand exchange. You can check the prices in
http://services.runescape.com/m=itemdb_rs/frontpage.ws
2. Go to Al-Kharid smelter where bank is nearly located. Take 18 coal and 9 iron ore at a time and smelt it which will give you 9 steel bar. Reapeat it until you finish all the bars.
It will take you maximum of 90 minutes or one and half hour to complete all.
3. Go to grand exchange and sell the steel bars. The profit Goes like this
Note: - kindly note that the following information is according to the prices of grand exchange on 3 febrauruy 2010. Prices may vary each time . So do not forget to check the rates before purchasing
COST OF IRON ORE= 200GP
:- 500 X IRON ORE = 200X500
=100,000 GP OR 100K
COST OF COAL = 260GP
:- 1000X COAL = 1000X260
=260,000 GP OR 260K
TOTAL AMOUNT SPENT = 360K
COST OF STEEL BAR= 1000 GP EACH
TOTAL MONEY YOU GET AFTER SELLING 500 STEEL BARS
= 500 X 1000
= 500000 GP OR 500k!!!
TOTAL PROFIT = 500K - 360K
= 140K IN JUST 90MINUTES
:::::: 1,555GP /MINUTE!!!!!!!! ::::::::
You can do it and get your money easily..
Once you reach 1.5mil you can start merchanting .......ONce you succed in merchanting you can earn money while you sleep.!!!!
To start merchanting you first start by buying items such as lobsters, air runes in grand exchange for low price and sell it in pvp world for high price!!
Your profit depends on how much you buy and sell!!
ANYWAY START DOING............................
Best of luck ,
If you have any queries please kindly take some time to add a comment......
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