The Unofficial Rules of the Exchange.
Number 1: Buy low, sell high.
It is the fundamental structure in exchanging. It's pretty much how we make our worth.
Number 2: Know your items.
It's good to know your items for two reasons. 1) Knowing how fast your item sells optimizes profit opportunity. While your busy trying to sell the bunny slippers you bought at 3k for 5k, you could have easily bought an ancestral geisha for 3.5k and resold it for 4k several times over. While you only earn 500g per transaction, it's easier to buy and sell the items with smaller gaps. Plus since geisha's are a donation items they are more likely to rise quicker then recent event items. Of course you might get lucky with the bunny slippers...but that's luck.
2) You won't be butt raped by artificial inflation. Artificial inflation is when temporarily the demand for an item is greater then before because a group of people are fighting for the same item. Once the group of people acquire their items the demand will return to normal and prices will drop back down to it's previous value. Also artificial inflation might be where one or a group of people purposely target an item and buy the item out wherever it appears for a certain price thus forcing buyers to offer more to acquire the targeted item
Number 3: Do not deal with friends!
Unless your doing your good deed for the day/week/month avoid dealing with friends as much as possible unless they understand the concept that friends do not equal discount. While it's nice to help out a friend giving all your friends discount will end up with you losing profit, not gaining profit.
Number 4: Avoid Hesitant Sellers.
Hesitant sellers=High buy price. They aren't looking to sell. They are looking for a high offer. That means there is a low 3% chance they will sell the item at current value or less. Basically in order for you to get their item you are going to have to pay out the ass for it. Meaning your not likely to profit from it.
Number 5: Don't be a douche.
It doesn't matter if your earning 50k a week doing deals. If your an asshole no one is going to want to deal with you. Plus they won't post in your thread and those posts help bump up your thread.
Although you are technically competing with other exchangers for good deals it's still a good idea to make friends with them. You are going to see each other often obviously and sometimes if a good deal shows up and both of you are short on pure. You guys can team up to buy the item (only recommended with exchangers you trust) and split the profit. So don't bitch and moan if another exchanger beat you to an item. Your either too slow or don't have the funds for it.
Also, don't lie to get a good deal. If someone selling asks you how much the item you offering for sells for just say, "I don't know." I suppose you can if you want to but pretty much most people will think your a douche and won't bother posting in your thread.
Number 6: Always let them start the trade when buying (personal)
This is a personal rule of mine when I sell. I always make them start the trade. Why? Simple, they can't complain if you somehow rip them off. By them starting a trade it's like an unwritten contract for the buyer stating, "I offered out of my own free will and without pressure bought this item for so and so."
So when I say Send trade and they have the option to send trade or not. Instead of simply canceling my trade. It's kinda weird but I hope you get the gist of it.
Number 7: AB=Auto buys not Outrageous Never Going to Happen Price
An autobuy is a price you have no regrets selling the item for, not something you wish you could get on an item. If your hesitant about selling an item, don't sell it. If your just being a douche and trying to get an insane deal on your offer...well then your a douche. Having a high AB is actually bad for a sale. Cause buyers see your AB as a price your aiming for and it actually influences your buyers not to offer. Then you lose out on a potential buyer. If your worried about getting the most premium price then don't put up an AB but keep a price in mind. If someone offers an price your willing to sell but want to fish for a higher one. Tell them you'll consider it, just don't make them wait a week for an answer.
Number 8: Offers are not contracts.
Don't take offers on items for more then a day and be pissed off if the highest bidder no longer has the money to buy it. Time is money and that rule doesn't only apply to you.