As for me, I consider 1m = 10$
Using that conversion rate, I will first search GAH and get the suitable pricing in gold then convert to $.
After having that estimation, go to RMAH and search for items almost the same stats as yours, price yours slightly lower maybe 10-20%.
It will sell for sure.
This is the list of the items I got for the past 2 days and sold.
Total profit sales 251.69$

You may notice I am starting to gather bnet balance instead of paying to paypal, it is because I find that I would like to keep some of the money in bnet so if I spot a cheap item in RMAH, I can buy it and resell again.
Also transferring to paypal, costs you 15%, I would suggest not direct transfer to paypal, just put in bnet first until your limit 250$ reached then only transfer. I would prefer this rolling method of my virtual cash. There is a chance you can spot cheap priced items and resell it.
Lets just say GAH and RMAH is a stock market where you sell and resell things for $$$. Sometimes I buy from GAH and resell in RMAH for $$$. I would like to do that vice versa next time so I am keeping the money in my RMAH as bnet balance.
I know you guys will ask what is the item Ready Kicks which sold and I got 58$ from it, it is a 100 dex/vit, 60 resist all, 40 resist physical, 540 armor boots. Would have got more if not for the paypal 15% charge. I got this boots for only 1.7m with gold and resell it at triple the price for $$$. This is a good example of rolling your money.
Jun 15 2012, 08:47 AM, updated 14y ago
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