Market and Trading New World Guide - Tradesmans Bible Ch1 - Make INSANE Money
What's up guys. DEFYED here and today I'm going to show you exactly how to use the Tradesmans Bible Chapter One Market and Trading to make crazy amounts of money in New World. Now I'm a co-author of this tool and alongside Tesh i think we've really created something very useful however it can be a little bit intimidating with the amount of information presented. So I
thought I'd create this little video to help step you through the process of using this tool so that you can make crazy amounts of money when New World is finally released. Alright so this is the spreadsheet here and I've put a link in the description to it so make sure you open this up and the first thing you need to do to actually use it is to make a copy. So to do that as you can see here you go up to file and click make a copy and then you can rename it whatever you want and save it to your google drive. Now I've got my own copy so I'm going to use that for this and I'm actually sharing this with my entire company so it's a little bit different it's pretty much the same thing I've just added this note here to make sure that everyone who's using it records the prices just from Everfall.
Because that's going to be our central trading hub. Okay so once you've finally got your sheet open you'll notice that you've got a lot of different tabs down the bottom and this actually is exactly how it is in the New World trading post. So the way that Tesh has laid this out is basically you've got all the different categories down the bottom per what's in the trading post and then we've made it so that we've got these little drop downs for each category and this is exactly how you'll see it in the exact order that you'll find in the trading post. So it makes it a little bit easier to use. It's still quite complex with all of these you know columns here but I'll go through that with you right now so let's take shields for example you've got a drop down here with all these different round shields. These are all the one all the round shields you can buy on the trading post. Now the first column here is the tier of the item and it's also color coded so you might see some that have different colors based on their rarity. I think it's based on the rarity. Anyway the next column
is your item name and then the most important column is the third one which is the price. Now this is what you'll be updating from the training post so if you go to the trading post and you see you know the Determination is listed for five dollars you can just put five dollars in there and all your profits based on that will update according to that. You'll see some that have no you know no items across here when some have you know a lot more and that's because these ones can be crafted while these ones cannot. So for the iron round shield for example
you'll see that we've got some crafting ingredients here. So you've got up to seven slots because the maximum you know the biggest item you can craft requires seven different ingredients. So this iron round shield requires seven iron ingots two timbers and one coarse leather but you'll notice that they actually have some drop downs and that's because you can choose which material you'd like to use here. So the benefit of doing this is so that you can you know if you want to craft something that has a higher gear score you can use a better material or if you just want to use like something really cheap you can find the cheapest of all of these and then craft it based on that. Once you've gone through all the different materials here you'll come to the refined materials trading and raw materials trading columns which basically is where you can work out if you're going to make profit on your item or not. So the first column
is the cost so this is the cost for using refined materials to make an iron round shield for example and you'll notice at the moment it's zero that's because I've made everything zero but I'll show you how to enter items into this shortly so we can basically go through and work out how much profit you'll make. The next one's your profit that's how much money you'll make or lose depending on if it's value profitable or not. And the final column is your gain or loss and this is basically a percentage just to make it a little bit easier to see if it'll be profitable or not. These three columns here are for refined materials only so that's basically saying that you've already bought the iron ingots the timber and the coarse leather to be able to do this. Now if you have you know the raw materials like iron ore green wood and rawhide you can use this column these these columns here so it's exactly the same as the refined materials but it's using the base material so if you want to gather the raw materials and then refine them and then craft it, it might be more valuable to do that so we present both options to you. Now if you want to work out the absolute cheapest way to craft an item you can click this drop down here and it works out for you automatically out of all of these items in this list which is the cheapest and it does it for all of them. So you might come across some instances where your refined
materials are cheaper than your raw materials but there might be some raw materials in there which are actually cheaper than the refined materials so you might be able to find an even cheaper option which can make you even more profit. Now I'll show you this in a sec, we'll go through a few examples and I'll give you a good tip which has been brought up before but I worked it out myself before I saw videos on it and it's it's quite good to know so I'll share that one with you as well. Okay now this is a well it's a video that I recorded during the open beta and you can see here the iron round shield is selling for 100 gold or whatever the currency is. I don't know
coins it says coins up here it's 100 coins so basically what we do from here is we take this hundred gold or hundred coins and we go back to our spreadsheet and we'll put 100 in here right. So that sets the price to this iron round shield to a hundred. Now it's saying right now because we haven't got any other resources set up everything is zero it's saying that we've got 100 profit so if we've got an iron round shield in our inventory and it's currently selling for a hundred uh we we can probably sell it for a hundred or maybe a little bit less although you can see if i go back to the video you can see this is just a standard iron round shield so you might have one that has you know some sort of perk on it or some attributes which would be better than this one so you might be able to sell it for a little bit higher. Our spreadsheet doesn't really take that into consideration so that's something you'll have to factor in for yourselves. Okay so now
that we've entered our price in here for this iron round shield we need to put the price for the resources that we're going to use in the resources tab. So we'll go to this resources tab here and I'm just going to quickly open up another video and try and find the resources for this so we're going to need if i go back quickly iron ingots timber and coarse leather so as i said before it's all laid out the same way that the trading post is in New World so woods oh this is raw resources so we will actually need to do this but I'm just going to do the refined materials first so if we come down to refined resources and refined wood we have timber so i want to input the price here for timber. So let me just open up the video and skip through. Now i recorded this video in the open beta so these are the prices that were on my server. So you can see we've got a price for 4.50 for timber here at Windsward, 4.80 at Everfall and it's important that you choose just one settlement i mean you don't have to but i think it i think you should so that you can get consistency across all of your pricing anyway I'm going to just check take the cheapest price here for 4.50 and put that in the spreadsheet so if we go back timber 4.50.
Okay so that's in there now, what else do we need. Iron ingots let's do that next so we come back to resources and it's an ingot so it'll be under refined ingots and iron ingot now it'll be in this video a little bit further in. Iron ingot three dollars is the cheapest one in cutlass keys and we've got eight dollars in Everfall now it's totally up to you which one you take as i said before i recommend just choosing one location. I took one at Windward before this time I'm going to go to Everfall because it's the next cheapest. Cutlass Keys a lot of people won't actually travel there to get these so I'm just going to take the 8 price we put eight dollars in here and we come back to weapons and you can see it's starting to populate but we still have zero set for coarse leather so that actually won't be accurate. So if i come back to coarse leather resources refined coarse leather and we go back a little bit in this video coarse leather 81 cents this is Monarchs Bluffs i don't have any others that are showing here but that we'll take that for now. That's okay this is just an example so i will do that 81 coarse
leather. Now if we come back refined material pricing using these resources is exactly as it should be so it's going to cost us 65.81 to craft one iron round shield and if we sold that at 100 gold we'll make a profit of 34.19 coins or a gain of around 50 just over 50% there which is pretty good. Now we've got raw materials here and that's giving us an error because we basically haven't set the raw materials in yet so we're going to go back and we're going to go back to resources and this time we're going to put the raw resources in. So for woods you've got green wood okay so
after aged wood you can see the cheapest price for greenwood is 10. that's at Monarch's Bluffs Everfall is also 10 so we'll take that one. Skay so the next one is iron ore cause we have ores we have iron ingots so iron ore will be next so let's just skip through here a little bit. Oh here we go iron ore two dollars at Cutlass Keys Everfall we'll take that one 3.50 I'll put 3.50 in
there that's a lot cheaper than the timber the greenwood and the next one is rawhide so we'll put that one in as well and we've got a price here well it's not the cheapest i think it's important that you put the cheapest price in because otherwise your profit will be much lower than what what it really is. Okay so Everfall 65 cents okay now if we go back to the weapons tab you'll see that actually we're making a loss if we use raw materials so if we bought the raw materials and we crafted them so the cost for the greenwood the cost for the iron ore and the cost for the rawhide is 180 gold and then we refine it and then we make this item and if we sold it at 100 gold we would actually lose 80 gold so it's kind of a waste to do that but if you've got your own raw materials here you could potentially just put zero for the raw materials so you know if we change this greenwood to zero and we come back to our weapons tab you can see it's still more expensive you know but we've got the green wood so it's much closer. If you had all of them you would make 100 gold because it's basically free but if we come to this drop down now it's not working because everything is still set to zero so I'm actually just going to throw some random values in for fae iron all of these woods and all of these leathers just to see what we might get because at the moment uh using fae iron it's giving us a huge profit because it's zero. So I'm just going to put some random values in and see how that affects the results. Okay so I've finished putting in the values there and you can see that everything is costing us well with these current selections it's very expensive we're not making any money so if we reset this we can change the options you can see it updating as we change it. But if you look down here you can see that we've got the cheapest refined materials and the cheapest raw materials listed and you don't really need these two rows but if you look at this bottom row it'll tell you that the absolute cheapest way to make this item is to use one refined iron ingot. Now just remember this is assuming you've got no iron ingots or you've got no basically you've got no materials and you're buying everything from the trading post. So if
you've got materials in your inventory or storage that you want to use it'll be much cheaper to use those. This is just assuming that you're buying everything from the trading post so just keep that in mind. The cheapest way to make one iron round shield is to use iron ingots which are refined an animal horn which you would buy from the trading post and coarse leather which is also refined from the trading post and if you do if you create this round shield using these ingredients you'll actually make a profit of 43 gold compared to our selection which is only 39 gold and that's a profit of 76 percent so you can see how once we start updating the resources and the pricing within our weapons and pricing starts to update and become more accurate and show us how we can make a lot more money. Now if we come over to the ammo tab I've just clicked ammo down here you'll see all the different ammo types that you can make now I'm just going to quickly close all of these and I'm just going to open up steel arrows. Now i haven't entered all of the items in here and this one's actually different because you'll notice in weapons when we were creating this round shield oh good I'm recording i just had to check you can see that when we were creating this round shield we've actually got selections so you can choose what item you want to use based on a filter.
In ammo for creating these arrows there's no filter and that's because these will only be crafted by using a steel ingot lumber and feathers so that's something to keep in mind as well. Now here we can see the pricing is well pretty terrible but that's because we haven't set the price for our steel arrows yet and we also haven't got the price for our feathers maybe we have feathers let's just say for now we've got feathers and they're in our inventory and that's why it's zero. But if you needed to buy the feathers you can set that in resources and it'll be under feathers. Here we go raw resources feathers so you can change that. We're gonna say that we've got some in inventory and just leave that at zero for now so if we go back to ammo and we set the price for steel arrows say they're selling for i don't know 2.50 each you can see so it's automatically updated over here you can see that if we bought the raw if we bought the raw materials and then refined them and then crafted these steel arrows we'll actually not make any money we're losing quite a lot of money it's going to cost us seven dollars but we can only sell them for 2.50. However if we buy the refined materials so steel ingots and the lumber we've already got feathers we're actually going to make each steel arrow for 62 cents and we can sell them for 2.50 which
is a profit of you know 1.88 or almost 300% so that's that's pretty insane and uh if we come to cartridges well that's not set up either but let's say that they are also 2.50 we've got the sateen let's just say. Gunpowder is zero so let's the cheapest gunpowder zero but that's not true so this is this is not accurate say we don't have the gunpowder uh we need to set this one up so if we go to resources gunpowder and we'll say that's five dollars let's come back to ammo.
The cheapest gunpowder is now five dollars yep that makes sense we can buy refined... I haven't gone through this yet but you can see different pricing for your steel ingots so we usually have this hidden so that...you don't really need to see that, you just want to know what you need to buy or use which is the cheapest. If you open that up you'll see
the refined price for the steel ingots and the raw price for the steel ingot so if you were to craft a steel ingot in the trading post by using raw materials it'll cost you 62 gold compared to 7 gold if you just buy a steel ingot so that's what that is. But for this example we're making 380% profit if we sold them for 2.50 which is pretty good but i want to show you one of the best ways to make money. I did mention this before i wanted to show you one of the best ways to make money and that's using refining components. Now a lot of people don't know this, some people do some people don't but basically in New World you've got these different refining components that can be used when making i think it's tier three materials so if you want to make an ingot refined ingot steel ingot you need sand flux so you can see here you can choose sand flux and it's similar if you want to make leather of level three you need tannin but one of the things that some people don't know is you can actually swap sand flux or convert sand flux into tannin or tannin into sand flux. Now you lose a little bit of resource when doing this
because it costs 20 of one of these materials to make 15 of the other but it can still be pretty profitable. The other thing you'll need to make this is a common material converter and this costs i think it's a hundred faction tokens and you buy this from your faction representative in your town but essentially these are pretty profitable if you know what you're doing so I'm going to go to the video and we're going to go to the crafting components, the refining components sorry of this video and I'm going to input the pricing in here so that you can see from the open beta on my server if we can make any profit. Okay so straight away just looking at this page i haven't filtered anything you can see weak solvent is selling for five cents at Everfall so I'm just gonna put that in weak solvent five cents.
Well that's 50 cents 0.5 okay and cross weave is nine cents so we'll put that one in as well. play the video sand flux okay so the cheapest sand flux is 75 cents in Monarchs Bluffs but we're going to take the Everfall price because that's our main trading hub so that's one dollar and let's get the other ones as well so we have all of them Everfall sandpaper is 15 cents or sandpaper 15 cents. Tannin i think that's the other one we haven't got Everfall price is 50 cents Okay so that's it for the tier three ones let's see if there's any tier four Okay we're not going to worry about the tier 4 ones. So if i just hide these columns real quick so it's a bit easier for you guys to see sand flux is a dollar right that's much more than all of these ones so you can see that if we buy 20 crossweave and convert that into 15 sand flux we will actually make a profit of 700% and that's pretty crazy that's 88 cents per item. Now if we were to use cheapest which is solvent at five cents each we're making 93 cents profit on each of these weak solvents on each of these sand fluxes which is a profit of 1400% which is crazy good. You can see here that all of these ones are not profitable because we're trying to convert them into sand flux but we go to Tannin or Crossweave so you can make profit from sandpaper not as much. Kind of double but not as
much same thing with tannin but sand flux is the way you want to do this it's much more profitable. Now the one thing that you do need to keep in mind when using this tool is that we are not factoring in any crafting fees or trading post fees that you'll incur when refining ingredients or selling buying and selling things on the trading post. Now the fees are not really usually that high but just keep in mind that if your profit margin is pretty low like in this case it might be more expensive than what is actually shown here in this cost column. So just be careful that you're not actually spending more than what you should be and not actually making profit.
All right well that's pretty much it for using this tool. I think this video is probably a lot longer than i had intended but hopefully you've found it valuable and got a lot out of it and can use it to make loads of cash in New World. Now I want to thank Tesh for starting the Tradesmans Bible and letting me help out on it as well if you want to check him out I'll put some links in the description to his YouTube and discord so make sure you do check him out he's an awesome dude. If you have any questions or suggestions make sure to drop a comment below and of course don't forget to like and subscribe for the YouTube algorithm and if you want more newborn content thanks for watching everyone I'm DEFYED and God bless