TL:DR. Yes, it is, only because they made the site in a way you need it to be competitive.
Before you read: if you don't know what gems are, I explain it here.
Subscription to LootElite is $6.99 per month. It gives 2 main perks
1) It reduces buy order's gem cost by 50%. This is actually crazy. First of all, now you can resell items for less that $2.50 and break even on gems. This opens a whole new market of trading. Second of all, if you continue doing the same number of buy orders you were before LootElite, now you're saving 50% of your gems, getting you even closer to your next decrease in commission price.
2) Elite reduces the cost in gems between commission levels by 50%. This is particularly significant because the amount of gems in the final 3 commission values are so huge. The advertised amounts don't seem too far apart because the trick is to actually get to 5% its the sum of all the upgrades before it. The table below shows the difference in their advertisement on the left and adjusted on the right.
Here is a graph to visualize how big the difference is in costs to get to 5% commission. It's about $4,500.00 in sales without making any buy orders.This is a huge road bump. So is $6.99 to make up for that $4,500.00 sales worth it? I think so. Between buy order cost reduction and reducing sales commission, I think LootElite is a must, for people looking to make money on this website.
Edit: Y axis should say "Total Gem's required for commission" |
LootElite is, unfortunately, a necessary investment for long term trading. Now that you just bought LootElite, keep reading to learn how to get free gems as well as how to do gem accounting easily.
It also gives you a store, which I cannot find a purpose for, and faster withdrawals, also not important.