Starting Up Your Neo-Enterprise

by slickbanana

Have you wandered around Neopia and checked on some of the Neo users who have HUGE shops with an equally HUGE spending ability? Have you ever seen galleries with items you can never afford in your Neopian life? If you think that they made their fortune by playing the Neo games,then you are wrong. Look no further... I will guide you in 6 simple steps to starting a Neo business... perhaps a new playing experience!

Step 1: CHOOSE. Well before you sell anything you have to know what you want to sell. First steps are always important steps. So choosing your line of products will determine your success. How you decide? By the amount of Neopoints you have earned thus far. For players just starting out with spending power of about 1000 NPs, it would be good to do foods e.g. hot-dogs, slushies, chocolates and donuts (I made 10k NPs from selling donuts in 3 days). Or with higher spending power of about 10k NPs, you can look into stuff like expensive chocolates, exotic foods or even BIG time donuts. :]. Any more than 50k NPs, the boundaries are expanded, you can look into selling swords, forks, perhaps even Usukis! Looking around the hop wizard might help you decide.

Step 2: SHOP. So you have decided on your product? Good. Now the next step is to get a shop of reasonable size(about size 15-30). It again depends on your product. The more shop space you have, the more stuff you can sell thus the more profit you can make. Factors to take note is your budget. Don't spend too much on space if you got no money to stock it.

Step 3: STOCK. Time to load up on your chosen products! Taking that you have chosen donuts. The market price is about 19 NPs, in order to make a 20% profit by selling it at 18 NPs, I have to buy it at 14 NPs Reason why I'm selling at 18 NPs is because I want to be at the top of the list at the shop wizard Reason again is so that people will see me and thus buy from me FIRST! Places to get stock are; Shop Wizard, Auction, Trading post and specialty shops(e.g. chocolate factory, etc.).

Step 4: PRICE. Another important point. Most people either price their goods way out of the market's reach, or so low that their profit is made by other people. To effectively price your goods, you have to check the shop wizard by constantly refreshing (F5). You can easily tell the base selling price of a product by looking at the range of prices. If you see a ridiculously low price, just buy it out! Just remember the 20% profit rule when buying out.

Step 5: MONITOR. You have got your shop full of your goods, you have priced them. It is not done yet. Leave the shop for about 8 hours and check. If you have chosen an effective product with an attractive price, you would have sold about half your stock maybe even all. If you have not sold a thing then I suggest you recheck your prices as the market might have lowered the base price. Don't panic, always wait for the generous AKA "greedy customer" who will buy you out.

Step 6: REPEAT. Your shop has sold about 80 percent of its stock. Time to repeat your success from step 2. Increase shop size, Get more stock, price them attractively and finally reel in the NPs Once you feel that this product has lost its novelty or profit. Just start from step 1 again and choose another suitable (budget-wise) product.

Following these steps, in no time you would be making your first 100k NPs or perhaps even your first million!