Galactic Trading Network is not just a place to sell items that you gather from being the Sith Juggernaut and various other methods, but you can actually make money by just investing into the Galactic Trading Network itself.
Idea of Making Money via Galactic Trading Network
Think of the Galactic Trading Network as the stock market, except for it is a little different. The goal of this strategy is to make money with the minimal amount of work, after all isn’t that the Juggernaut dream guide? That is pretty much why people invest in the stock market, to make money without needing to actually work. However, this is the riskiest form of making money and often results in a loss of money for people that are not wise investors.
People lose money in the stock market all the time to do something happening to a stock that they did not expect, or did not think would happen. This will be similar to you experience within the game, however, in the end you want your earnings to far outweigh the amount you lose in investments. You can not always expect to make money because there is a risk factor, but when you do you can plan on bringing in outrageous amounts.
How to Invest
To actually invest in the Galactic Trading Network you need to find items that are selling for a low amount, at least a lot lower then what they usually go for. This however, is easier said then done. In order to know if a product is selling for a lot lower then it typically is, you have to know exactly how much it is usually worth. To do this you need to pay attention to the Galactic Trading Network before you even begin investing.
Keep an eye on prices and make note of how much things usually sell for. Also, keep track of how much your items sell for. These will be the items that you will be the most familiar with for your juggernaut class, so they may be the smartest products for you to invest in. Keep a written record of how many different products are worth on average so that you can come back and check on it daily.
Once you have gained the needed knowledge and have kept an accurate written record of how much various things are worth, you can begin to start investing into different items. Look through the Galactic Trading Network and search through the items and try to find one that has a ton of listings, or a lot of undercutting. Undercutting is the key to lowering the value of a product, which is how you will be able to buy products as such low amounts.
Purchase a ton of low-value undercut products, and then store them for later. You do not want to resell quite yet since demand for the product is low due to the low prices, not to mention you would be selling the product for how much you bought it which wouldn’t earn you any money at all.
Understand the Not
Not is the time to play the waiting game, which does take patience. Wait for a few days, or maybe even weeks, and keep an eye on the product in the Galactic Trading Network. Over time the undercutting problem should resolve itself because people will not want to sell their products for such little amounts, so they will stop posting them. As time goes by people will by the cheap products, which will gradually work its way up to the more expensive ones as the low priced products become sold out. Finally, the products will be back to either normal price or maybe a little higher, making it the perfect time to strike.
You need to time it right if you want to make money using this method. You have to sell at just the right moment to make the most amount of profit, or any profit at all. Once prices are back to normal, or preferably even higher then they were previously, you need to put your items back into the Galactic Trading Network. Now once again, you need to play the waiting game. You now have to wait for somebody to come along and buy your product. Once the sale is complete you will receive your money, making your first profit by using this method.
- If somebody undercuts your product by only a few Credits, undercut them back. This will make you earn less profit in the end, but it will make it so that your products actually sell. This is why you need to constantly keep an eye on the prices of your product, even during the selling process.
- If another player puts up the same item but drastically undercuts you, do not try to re-undercut them. Instead, buy their items and bring the price up to yours. You will profit from their need of a quick sale.
- If a players puts a bunch of items on the Galactic Trading Network and the undercuts are causing the prices to lower quickly, do not get caught in the undercutting, as this will end up making you go right back to where you originally bought the product from. Instead, wait it out until prices go back up rather then offering your goods for less then they are worth.
- Try to focus on selling material items that are required for crafting skills, as people are typically willing to pay high prices when there is no other option because they do not want to have to gather the materials themselves, otherwise they wouldn’t be searching for materials in the Galactic Trading Network!
Now that you have gone through the entire process, and since you are a great investor, you brought in some money to progress your class! This is known as profit, and is what you are shooting for. You can now take the money you earned and reinvest it, saving some on the side just in case things do not go well. Reinvesting is an important part of this strategy, as this is not a one time deal. You need to constantly invest and work towards making money.