Climbing the Ladder (100k-400k)

Whew! Now that you are past that first 100k, wipe off that sweat and relax! You have made it past the hardest part on your quest to becoming a Millionaire! Its all smooth sailing from here on in. runescape gold

From this section and beyond, we will focus on making quick, smart, and profitable business deals. No more do you have to do manual labor by having to run other people's Rune Essence or walk around collecting feathers! The time for business is now!

In this section, you will learn a method to turn that first 100K and quadruple it to 400K! We will use the term "K" which stands for a thousand from now on because adding those extras zeros in the back is ridiculous. If you have at least 400K already, I would recommend you go on to the next section. If not, please continue reading on how you can QUADRUPLE your Gold!

For this section only, you yourself will buy things for low and sell them for high. This is called merchanting, and will be done yourself in this section only.

There is one thing ideal to Merchant with this amount of money, because of the amount the item is sold in, and the profit (money made from buying an item low, and selling it high). That thing is Iron Ores. runescape gold

Merchanting Iron Ores

You wouldn't think something so straight-forward and simple could generate such profits, but it can! This method is called Merchanting/Flipping Iron Ores. Whatever you may call it, make no mistake that it brings in large profits! The method is ideal for the amount of money you currently have.

All you do is go to and less-populated world and head to a bank that is rich in Iron Ore miners, such as the Fallydor East Bank, or the Al-Kharid Bank and repeatedly type "Buying all iron ores 50 ea." Keep buying until you have spent all your money and ended up with about 2K Iron Ores.

Now switch to a crowded world and here the Iron Ores go for 100ea! So sell them for double what you bought them for! We would recommend that you go to the Ores/Bars section of the forums and search for someone buying Iron Ores, or just search for "Buying Iron Ores" under Ores/Bars in the Forums Search Engine.

If this method felt simple, you're on the right track. This method is one of the simplest ways to double whatever you have on hand, and quadruple your first 100k. Lets take a look at our profits:

The table says it all! Since you started off with about 100k, you first buy 2K Iron Ores for 50ea using that 100K. Sell those 2K Iron Ores at 100ea in a crowded world and you get 200k. Use that 200k you made to buy 4K Iron ores at 50ea. Sell those 4K Iron Ores in a crowded world for 100ea and Viola! You end up with 400k! You have money to proceed to the next section!

While doing this, just remember:

1. 
   
   Buy low, sell high (Golden Rule of Merchanting)
2. 
   
   Only sell at the price you are comfortable with.
3. 
   
   Watch out for scammers.

If you're concerned about the time it'll take to buy/sell the Iron Ores, perish the thought.You can buy 1K Iron Ores in less than 30 minutes easily.

Now, for some reason if you don't want to do this method, you are welcome to continue the Air Running method explain in the section before. But we recommend that you stick to this method to get to 400K, as the profits are phenomenal.