Buy to rent splinterlands series. Part 4.
The plan.
The plan is simple. Using my alt account I will rent out the full deck constantly. It takes up less time than trying to play the game. Using that rental income I will keep buying up cards multiple times a week. From this I will try to build a rental income of 10,000 DEC daily which is a living wage at these prices.
My starting point on the 01/11/21:
- Cards listed - 1863 DEC
- Cards rented - 1670 DEC
- Return on rentals - 37.08%
My current point is:
- Cards listed - 2280 DEC
- Cards rented - 1308 DEC
- Return on rentals - 26.67%
Going forward, I will keep adding to my collection.
A few times a week I will be buying gold, epic, and beta cards for the rental market.
The higher my income gets. The better the purchases. There is no point in buying cheap or low CP cards as it takes too many that need to be tracked, organized and maintained. More expensive cards with a big demand and less work is the goal.
I will be doing this every time that my DEC adds up enough to purchase a card that i want.
I am also using monstermarket.io for the purchases to get that extra 5% DEC rewards which add up over time and will allow for a few extra cards over the year.
Today's purchase.
Venari Wavesmith x 2
Chaos reward.
Gold - Rare - Water monster.
Price - $40.5.
Rental price - 10.99 DEC or 22 Total per day
Returns at 101%
Rental status.
The numbers look bad for this post but it's just the end of season hangover as people take a couple of days off after the madness of reward day.
Rentals drop as people try to get better value and players recharge their mana after going strong for the last couple of days.
It's nothing to worry about and luckily i had earned almost 8000 DEC since the last post in the series 5 days ago to give me some buying power.
This time, you can see that i went to the higher bracket for a couple of rare gold cards and one of the most popular ones as well.
This will hopefully add another 100+ DEC to my weekly revenue and keep up the momentum. The most important number for now is the cards listed price which keeps going up and as long as my prices are competitive then they will keep bringing in DEC.
Get playing Splinterlands here.
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Venari Wavesmith is definitely a great pick for weekly revenue. I know the start of the season is fairly slow but when does it start to pick up? The last week or so of the season?
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Happy to keep picking up these popular cards.
I started my collection buying golds and will keep doing it as much as possible. The prices have always done well in the long run.
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so you are aiming to get 10k DEC per day. Thats indeed roughly 3k per month.
Nice goal. I have between 10 and 15k per day and i can tell you its nice. I am taking out some of the whole hive ecosystem to diversify and am putting it in the Terra Luna UST stablecoin, earning 20% per year.
If I can get that up to 100k I will have a really cool living wage in combo with my rentals
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Great goals and good luck in achieving them in the future!
Regarding the rental rewards, is it better to go for Gold Foil cards or Legendary ones for better revenues/price appreciation?