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 - 2030 DEC
- Cards rented - 1770 DEC
- Return on rentals - 36.61%
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.
I had not checked in for the past few days and my income had built up nicely to almost 8,000 DEC.
Harklaw x 4
Chaos reward.
Legendary - Death monster.
Price - $22 - $24
Rental price - 4.1 DEC or 16.4 Total per day
Returns at 79.5%
Rental status.
I'm very happy to have grown my daily income by 100 DEC per day with my last set of purchases and to have a steady return of almost 37%.
THat is a good return on any investment and as i keep adding to my rental deck it should keep growing exponentially. This will allow me to buy better and better cards for the collection.
I didn't just buy one legendary today. I bought 4 of the same one. The prices have kept dropping on these cards for the past few weeks and i expect them to keep dropping but the way that the game has been going it would be a shame not to pick up some legendary cards for $20. They will come back much higher in a couple of years and i play a long term game.
I could have tried to get a bit more DEC for the rentals but at 4.1 daily it is a solid return of 80% APR and they are all earning money already for me.
That is a win in my books.
Get playing Splinterlands here.
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Great rental strategy, I rent some cards too but I like the game side of Splinterlands so I don't rent as many cards as I could but I know if I rented all my cards I'd make a lot more money.
That's the beauty of Splinterlands, it has so many assets and so many applicable strategies.
Your return on Harklaw is great and I need to give it some thought too. Thanks for sharing
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I am in the exact same position. I have my main deck for battling and this is a just a second account with spare cards. They were just sitting there doing very little but now can bring in profit every day. /it's great to see it.
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Hmmm.. May be I could rent some from you.
I just started playing the game and it's difficult to rise without having some cards.
How do I go about renting some on the market?
Renting is very easy and mine are mostly gone already.
You can just go into the market tab in splinterlands. There is a sub heading for rentals.
Cards and prices are listed just like buying cards. Then you just pick the cards that you want and pay for how many days that you want it. Super easy.
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Thank you
Looks like you have a pretty great plan going on there, @niallon11. I am taking on Splinterlands for the passive income opportunities as well. I am just getting started but watching and learning what other people are doing. Who ever would have thought that there would be opporutunities to earn money from gaming. I didn't until very recently.
Thanks for that.
It's a great time to get started in the game and there are lots of ways to build income for yourself. Having splintertalk is a brilliant resource as you get to see what a lot of the older players are doing and what might work for your self.
Being able to earn from gaming is nice and in the past reserved for a handful of streamers and pro's. Games like this let everybody earn a small amount which i love to see.
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This is a great idea, I have doing something along the same as I have been so busy that playing is not worth it ATM so just buying and earning haha
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There are lots of ways to be involved with splinterlands and in the past i used to just buy and sell cards for profit.
Now, renting is the way to go and makes it easy to earn extra funds.
I play my main account but it is very time consuming and this is much better to earn.
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It's a great strategy and my current income is a few hundred DEC a day right now. Maybe I should start this strategy as well.
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It's simple but effective.
Making profits and keep reinvesting them for even more.
With rental there is very little work and a nice steady income.
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good series, please continue with good, cheap cards for renting😍
I'll keep going as long as the markets keep going strong. Over time I will hopefully build up a nice income in a year or two.
I love to read all the earning strategies from this game :)
And I think you have a good strategy to earn the passive income.
Thanks.
There are so many way to play the game and this is a good one for profit.
Buy good cards and keep renting them out.
Posted Using LeoFinance Beta
Although I am still learning it
But this a good idea
Keep on
Any card that you have extra of should be sold or rented. Otherwise it is a waste sitting there when it could be earning you money or strengthening your deck.
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