13 February 2018

Economy: What Is Flipping?

If you know what flipping is already then this post will not contain anything for you. But maybe you can use this content to sell it?

What's Flipping?

Flipping is a word that is used to describe the act of buying an item and selling it to a higher price. Why would one buy something if they plan to sell it right afterward? It's quite simple actually. If there are items that have the right demand, making a small offer to buy them allows you to sell to a higher price. 

An example would be buying an item for 10 gold and selling it for 16 gold. Now of course, in most games you have to pay a fee for selling items. Depending on the game this amount differs. So let's assume 15%. If we have to pay 15% for selling our item we get only 16 * (1 - 0.15) = 13.6 or 13 gold and 60 silver. Since we paid 10 gold for buying this item we still made 13.6 - 10 = 3.6 or 3 gold and 60 silver.

Why Is It Called Flipping?

So I actually didn't find anything about this so I'm gonna try to make sense of it with the information I have. Hey, that's also something interesting for once. So let's see. The term flipping is used to describe the action of buying items or objects at a low price and selling them at a higher price that results in us gaining currency or money. The term flipping also seems to come from the word flip, which means to turn something, like a coin, meat or a chip. So without thinking too complicated one would assume the term refers to us buying items cheaply and then turn to sell the item. So it's basically flipping between buying and selling items.

Where Is Flipping Used?

The term is mainly used in the US but also online in video games often in multi massive online role-playing games. I'm not even kidding there are like tons of online players that do nothing more than login and spend their time making money with the trading posts. You could say they're playing the trading post.

So yeah, relatively short post for once it's a small topic and secondly, I'm having connection issues but I think this pretty much suffices everyone who never heard or didn't know about flipping and what it is.
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I'm a B.Sc. Games Engineer and I created this blog to share my ideas, theorycrafting, thoughts and whatever I'm working on or doing.