Making Gold on the AH

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Re: Making Gold on the AH

Postby bldavis » Tue May 25, 2010 10:20 am

thanx for the tips!

like i said, ill be ing checking out the AH for the next few days to see what sells

on the plus side, i have my lock up tpo 450 alch/herb so i should be able to start selling transmutes and flasks.


and as far as WG, at least on Drenden, there seems to be less opposition when we are in control.
plus that is when i farm the life and fire eternals.
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Re: Making Gold on the AH

Postby daemonym » Tue May 25, 2010 10:22 am

Shyrtandros wrote:
ceela wrote:
daemonym wrote:There's a lot of people that are dual gatherers and go there for the lower competition and ti's also a prime spot for eternal farming of any kind if you control WG. And since there's almost always a bunch of rich saronite nodes in the area people tend to pick up a ton.


I'm curious why WG control is necessary to farm saronite there; I thought the only benefit one got was the Revenant elementals. I do play on a PvP server though so maybe there's just much more ganking risk on a PvE server if you're not in control?


I would also like to know why WG control matters for farming. I spend hours when I'm bored in WG no matter who is in control.


If you don't control it, the other faction is very likely ganking or doing WG quests to kill NPC's or players and the random gathering quest. The main reason is if you don't control WG you won't see any revenants spawn. The thing that makes them special is the extremely high crystallized drop rate. If you want eternals and nothing else, they're the things to farm.

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While the controlling faction is farming between one spawn group and the next they'll likely try to kill you on sight if you cross their path. And of course you can't farm the mbos unless you're in control.
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Re: Making Gold on the AH

Postby Shyrtandros » Tue May 25, 2010 10:45 am

daemonym wrote:If you don't control it, the other faction is very likely ganking or doing WG quests to kill NPC's or players and the random gathering quest. The main reason is if you don't control WG you won't see any revenants spawn. The thing that makes them special is the extremely high crystallized drop rate. If you want eternals and nothing else, they're the things to farm.

http://www.wowhead.com/npc=30877
http://www.wowhead.com/npc=30875
http://www.wowhead.com/npc=30873
http://www.wowhead.com/npc=30872

While the controlling faction is farming between one spawn group and the next they'll likely try to kill you on sight if you cross their path. And of course you can't farm the mbos unless you're in control.



Really? so you cant farm the elemental guys unless your faction is in control? I normally just farm mining myself so I guess I wouldn't really know this.. Can you not see the elementals then or something?
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Re: Making Gold on the AH

Postby sahiel » Tue May 25, 2010 10:51 am

Correct, the large elementals (revenants) with the high drop rates are only in phase for the faction that controls WG, the other faction can stand on top of one and be unable to see or interact with it in any way.
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Re: Making Gold on the AH

Postby Arnock » Tue May 25, 2010 1:17 pm

so I'll wait on the level 80 scrolls for awhile, bought a bunch of dust last night at around 2g each, and it looks like we have a wannabe monopolizer who just bought and reposted all the dust at 5.5g each, guess it's time to make some money =P
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Re: Making Gold on the AH

Postby rodos » Tue May 25, 2010 6:46 pm

daemonym wrote:
rodos wrote:As for price < mats, there's quite a few markets in Lightbringer that have been driven down to this, or very close.


It doesn't matter what you paid for mats, what matters is what THEY paid for mats. Here's what I mean. If I buy the materials for ITEM at 20g and they later on spike up to 50g I can still sell an ITEM for 30g and be making a profit. It's all in the timing. This is how I'm able to sell buckles, titansteel (xmute mastery helps here too), and epic threads among many other things for well below the "normal" material price. I'll stokpile a few hundred eternal fires when the price is 15g and once they go back up to the standard 25-30g I can undercut everybody by a ton and still be turning a good profit while everyone else either tries to scrape by with 2g profits or stops listing all together. Either way it makes other potential sellers shy away and makes buyers much more loose with the proverbial purse strings and I get a bit more coin to toss onto the pile.

What I wonder is, if the market has matured to the point where you need to wait for under-priced mats in order to craft at a profit, why not just flip those under-priced mats and save time pressing the crafting buttons? Is it just a case of diversity being good? If I got some cheap Eternal Life I can re-list 1/2 at the normal price and turn the other 1/2 into Shining and Brilliant Spellthread and make money on whichever sells?
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Re: Making Gold on the AH

Postby daemonym » Tue May 25, 2010 7:58 pm

rodos wrote:
daemonym wrote:
rodos wrote:As for price < mats, there's quite a few markets in Lightbringer that have been driven down to this, or very close.


It doesn't matter what you paid for mats, what matters is what THEY paid for mats. Here's what I mean. If I buy the materials for ITEM at 20g and they later on spike up to 50g I can still sell an ITEM for 30g and be making a profit. It's all in the timing. This is how I'm able to sell buckles, titansteel (xmute mastery helps here too), and epic threads among many other things for well below the "normal" material price. I'll stokpile a few hundred eternal fires when the price is 15g and once they go back up to the standard 25-30g I can undercut everybody by a ton and still be turning a good profit while everyone else either tries to scrape by with 2g profits or stops listing all together. Either way it makes other potential sellers shy away and makes buyers much more loose with the proverbial purse strings and I get a bit more coin to toss onto the pile.

What I wonder is, if the market has matured to the point where you need to wait for under-priced mats in order to craft at a profit, why not just flip those under-priced mats and save time pressing the crafting buttons? Is it just a case of diversity being good? If I got some cheap Eternal Life I can re-list 1/2 at the normal price and turn the other 1/2 into Shining and Brilliant Spellthread and make money on whichever sells?


Not so much as needing to wait, but just being more wise to do so. You can make some good coin just flipping the items sure, no doubt about that. But the profit margins are usually bigger when selling a crafted item, even with deep under cuts. Also it's the 'work now, play later' mentality at work. Low prices are the best weapon you have to fight off a camper. So if you have a problem with them you'll have to lower your profits to get rid of them now, so that you can have fun with big profits later.
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Re: Making Gold on the AH

Postby ceela » Wed May 26, 2010 2:57 am

daemonym wrote:
bldavis wrote:i play on a pve server, and i never go to WG unless were in control or im doing my fishing daily there.

there is almost always a pack of horde just hovering by our FP and will gank you if you even attempt to gather anything.
there are also patrolling horde just looking for an easy gank

but yes its the relevents that are the only perk to having WG other then VoA oc...

Same here even if I'm ret spec at the time which is the go to class to turn a PvP noob into a train wreck even though ret is terrible for high end arenas. Plain and simple no matter hwo godo you are it's going to be pretty hard to win a 2v1 scenario which you'll find very often even on a pve server. And of course it's fun to go ganking now and again, but there's always a ton after a WG battle ends. Just hand out there even if you own it and see how long it takes for a rogue to find you alone hehe.


I find it vaguely amusing that Wintergrasp appears to be safer on PvP servers. I've skilled up two gathering characters at level 70 on normal speed mounts in Wintergrasp under enemy control. I don't think either of them were ganked once, and we're heavily outnumbered hordeside. I guess when you can world PvP wherever you like, you don't need to stalk Wintergrasp so much.

daemonym wrote:Yes nodes are indeed incidental, the only supply of 500 stacks are from the 1-2 UF each server has. For the WG they're an added bonus when farming the revenants for eternals.


Can we have some of your UF on our server? 36 auctions for saronite up currently, and half of those are in stacks of 5. :( All our farmers left about a month ago, I think.
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Re: Making Gold on the AH

Postby vertinog » Wed May 26, 2010 4:59 am

There is definitely a goblin on my server. Looked on the AH this morning to see if I can find some Northrend herbs or Ink of the Sea for my inscription research. Not a single ink and all the herbs were running between 100g and 400g a stack. My guess is that someone bought out all the cheap herbs and all the inks for their business and no one was on yet to resupply.
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Re: Making Gold on the AH

Postby Tyrfing » Wed May 26, 2010 9:20 am

So I myself started the project from the ground up that daemonym started. I literally have 8 hours of played time currently. I picked up herbalism and inscription. I also got 2 guild signitures for a total of 10g. I had about 13g when I went to the AH. Just from what I farmed and made from inscription. I sold 50 armour vellums for 55g. I bought 2 stacks of one herb, milled it for dusky pigment I think it is? Can't look it up at work. But I found it cheap and got 2 stacks for 13g total. I made 11 glyphs out of it and sold them for 7g 50s each so ended up with roughly 80g just out of that. I sold the power word shield glyph and Rejuvination glyph. I then found a book of glyph mastery for 10g and flipped it for 30g. SO I started out with nothing and spending like 15 minutes at the AH I made from the origanl 13 from questing and guild signitures...I've made 142g for a total of 155g at lv 12. So so far I am doing good, lets see if it keeps up.

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Re: Making Gold on the AH

Postby arrigo » Thu May 27, 2010 8:56 am

I know when I first started playing WOW on a druid that is now stalled in the 70's I choose to do herb/inscription because a friend told me it was a good pair. I didn't play the AH just herbed and made glyphs doing my minor glyph inscription at every point.

My friend had shown me the wonders of Auctioneer so I had that and I would only make glyphs that sold for more then 5 gold, I had a couple of hundred gold by the teens, and started buying ink because I couldn't herb fast enough while leveling to keep up with demand. I bought dual-spec at 40 and riding levels as soon as I hit them plus even bought some cheap epic gear in trade chat for when I hit 80, though I turned it around in the AH for a profit cause I couldn't resist. by the time I abandoned him at 60 to start a pally to level up with my wife's first character he had a ton of gold just sitting on him that I used to level up both mine and her character. I quit the glyph game cause I wasn't interested in making money as much as leveling at the time but I was making a couple thousand a day without maxed inscription.

I've recently leveled him up to 65 to cap it off and started making money again, though I found about 300 stacks of cheap adder's tongue (like 3-4g a stack) one night and spent 20 minutes clicking buy out and a couple of hours milling it al then went AFK making inks and made about 10k off the nobles cards alone.
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Re: Making Gold on the AH

Postby Arnock » Thu May 27, 2010 1:26 pm

well, just powerleveled my aspiring lock up to 315 tailoring, at he wont be a gold sink anymore.


Unfortunately, netherweave bags aren't nearly as hot as they were on arthas. 4-5g stacks of cloth and 8-10g bags. Still decent though.
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Re: Making Gold on the AH

Postby halabar » Thu May 27, 2010 3:18 pm

rodos wrote:What I wonder is, if the market has matured to the point where you need to wait for under-priced mats in order to craft at a profit, why not just flip those under-priced mats and save time pressing the crafting buttons? Is it just a case of diversity being good? If I got some cheap Eternal Life I can re-list 1/2 at the normal price and turn the other 1/2 into Shining and Brilliant Spellthread and make money on whichever sells?


The thing is, the market always changes. All you need is one farmer to leave, and the market can shift.

It's server dependent, and depends greatly on if you have some chinese that are dumping mats at 6:00am every day, or just some kids that dump mats when they get done farming after school.

I've recently found on my server when selling the mats it's best to price in the middle, because the low end will get sucked up in waves, and then yours will sell as well.

It also depends on the pressure on those crafted items. Buckles are usually flooded on my server, I don't bother. Gems used to be flooded, but a lot stopped posting actively. I may get back into that market, esp with the 20% buff, more people will be getting gear.
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Re: Making Gold on the AH

Postby daemonym » Thu May 27, 2010 3:50 pm

Arnock wrote:well, just powerleveled my aspiring lock up to 315 tailoring, at he wont be a gold sink anymore.


Unfortunately, netherweave bags aren't nearly as hot as they were on arthas. 4-5g stacks of cloth and 8-10g bags. Still decent though.


Decent? Hell I got excited as hell when I got 3g profit from a bag. I pay 4g for the cloth as well and normal price is 6-7g. The thing is though, If I list 40 bags for 24 hours, only 4 or so won't get bought and the rest were turned into shiney gold coins.
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Re: Making Gold on the AH

Postby Arnock » Thu May 27, 2010 5:47 pm

well, I first did the netherweave bag trick a couple months ago on my old mage on arthas, high pop server and there was only like... 1 other player who actively posted the bags.


I'm just kinda wondering whether I'll be able to unload the bags on a lower pop server.


EDIT: Guess my worries were unfounded, sold all 25 since my last post.
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Re: Making Gold on the AH

Postby rodos » Thu May 27, 2010 5:55 pm

daemonym wrote:
Arnock wrote:well, just powerleveled my aspiring lock up to 315 tailoring, at he wont be a gold sink anymore.


Unfortunately, netherweave bags aren't nearly as hot as they were on arthas. 4-5g stacks of cloth and 8-10g bags. Still decent though.


Decent? Hell I got excited as hell when I got 3g profit from a bag. I pay 4g for the cloth as well and normal price is 6-7g. The thing is though, If I list 40 bags for 24 hours, only 4 or so won't get bought and the rest were turned into shiney gold coins.

There's seriously a war going on in netherweave bags on Lightbringer. Two stacks of netherweave up for 4g (3.99 seems to be the snatch price for the crafters), and one guy alone has 145+ bags listed at 5g each. I really don't think the market has that much turnover in it. With 75s profit after AH cut, and 30s deposit, he'll have to sell at least 1/3 of them to make any money at all, and even then it will be a pittance compared to the time and hassle of crafting and posting 145 bags.

On a related topic, anyone know a good market for Frosweave cloth? I have about a whole bank tab full of the stuff. I can't find anything that can DE for a profit, and frostweave bags are pretty much as dead as netherweave bags.
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Re: Making Gold on the AH

Postby daemonym » Thu May 27, 2010 6:03 pm

rodos wrote:
daemonym wrote:
Arnock wrote:well, just powerleveled my aspiring lock up to 315 tailoring, at he wont be a gold sink anymore.


Unfortunately, netherweave bags aren't nearly as hot as they were on arthas. 4-5g stacks of cloth and 8-10g bags. Still decent though.


Decent? Hell I got excited as hell when I got 3g profit from a bag. I pay 4g for the cloth as well and normal price is 6-7g. The thing is though, If I list 40 bags for 24 hours, only 4 or so won't get bought and the rest were turned into shiney gold coins.

There's seriously a war going on in netherweave bags on Lightbringer. Two stacks of netherweave up for 4g (3.99 seems to be the snatch price for the crafters), and one guy alone has 145+ bags listed at 5g each. I really don't think the market has that much turnover in it. With 75s profit after AH cut, and 30s deposit, he'll have to sell at least 1/3 of them to make any money at all, and even then it will be a pittance compared to the time and hassle of crafting and posting 145 bags.

On a related topic, anyone know a good market for Frosweave cloth? I have about a whole bank tab full of the stuff. I can't find anything that can DE for a profit, and frostweave bags are pretty much as dead as netherweave bags.


Turn the frostweave into bolts, pick up a bunch of infinite dust and eternal fire/shadow and make them into imbued, then find a properly specced tailor to make a ton of spell/ebon weave. Don't bother with moonshroud, in my experience it moves far too slow. If you want to take it a step further craft a few merlin's robes.

And I agree that frost bags aren't worth the effort. To level tailoring from 440-450 that's the only practical recipe for most people so in their (incredibly pointless) desperation to max out a profession (of which has no need to be maxed) they'll spend hundreds of gold making thousands of frost mags and leaves the AH flooded 99% of the time.
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Re: Making Gold on the AH

Postby Dorvan » Thu May 27, 2010 6:15 pm

daemonym wrote:And I agree that frost bags aren't worth the effort. To level tailoring from 440-450 that's the only practical recipe for most people so in their (incredibly pointless) desperation to max out a profession (of which has no need to be maxed) they'll spend hundreds of gold making thousands of frost mags and leaves the AH flooded 99% of the time.


Actually there are 16 recipes that require max level tailoring, so I'd debate your contention that there is no need to have tailoring maxed.
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Re: Making Gold on the AH

Postby daemonym » Thu May 27, 2010 6:27 pm

Dorvan wrote:
daemonym wrote:And I agree that frost bags aren't worth the effort. To level tailoring from 440-450 that's the only practical recipe for most people so in their (incredibly pointless) desperation to max out a profession (of which has no need to be maxed) they'll spend hundreds of gold making thousands of frost mags and leaves the AH flooded 99% of the time.


Actually there are 16 recipes that require max level tailoring, so I'd debate your contention that there is no need to have tailoring maxed.


There are indeed recipes that need max tailoring yes. But think of this though, of all the tailors in all of wow how many will ever learn those recipes? And out of them all, how many will actually craft them? Or the few that do craft them how much will they get in tips? Probably half of what they could get by selling the recipe if it's boe.I count anything that sits there and does nothing as being worth nothing.

You can say that coalitionists do get something out of it though, entertainment and a sense of enjoyment. But most people just want something just to have it and no other reason and once they have it they'll never notice it. A perfect example is any $10,000 entertainment center or even an iPhone. Why spend $300 on a phone if you're only going to make and receive calls which you can do the same, and just as well, for $30? Out of all of those things that sell almost nobody takes advantage of all the features they have. Hence wasteful.
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Re: Making Gold on the AH

Postby Gracerath » Fri May 28, 2010 2:28 am

daemonym wrote:
Dorvan wrote:
daemonym wrote:And I agree that frost bags aren't worth the effort. To level tailoring from 440-450 that's the only practical recipe for most people so in their (incredibly pointless) desperation to max out a profession (of which has no need to be maxed) they'll spend hundreds of gold making thousands of frost mags and leaves the AH flooded 99% of the time.


Actually there are 16 recipes that require max level tailoring, so I'd debate your contention that there is no need to have tailoring maxed.


There are indeed recipes that need max tailoring yes. But think of this though, of all the tailors in all of wow how many will ever learn those recipes? And out of them all, how many will actually craft them? Or the few that do craft them how much will they get in tips? Probably half of what they could get by selling the recipe if it's boe.I count anything that sits there and does nothing as being worth nothing.

You can say that coalitionists do get something out of it though, entertainment and a sense of enjoyment. But most people just want something just to have it and no other reason and once they have it they'll never notice it. A perfect example is any $10,000 entertainment center or even an iPhone. Why spend $300 on a phone if you're only going to make and receive calls which you can do the same, and just as well, for $30? Out of all of those things that sell almost nobody takes advantage of all the features they have. Hence wasteful.


I maxed my tailoring and bought 4 ICC patterns that I've made a grand total of 0 times and will probably make 0 times before Cataclysm arrives. At the time I thought it was a good idea. Now I'm thinking I'd rather have sold the saronites.
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Re: Making Gold on the AH

Postby Chunes » Fri May 28, 2010 8:54 am

speaking of saronites,

what are the prices looking like on your servers? We were holding strong at about 950-1k'ish but the market has been slipping downward in the last two weeks. Currently we're sitting at about 850 per.

I'm waiting to see how the weekend market affects the prices, then i'm going to get rid of a few that I got cheap. If the prices drop any more I'll be lucky to recoup my initial investment. oh well.
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Re: Making Gold on the AH

Postby theckhd » Fri May 28, 2010 9:41 am

daemonym wrote:Why spend $300 on a phone if you're only going to make and receive calls which you can do the same, and just as well, for $30?

For the mobile AH, of course! ;)

(Aside: I actually use my iPhone less for phone calls than I do for all sorts of other things - the only reason I got the phone was that it didn't make sense to me to buy an iPod Touch and have to carry around that and a phone when I could integrate them into one.)

I think I'm going to have to start reading your blog from the beginning. I've never bothered to play the AH game very much, as I tend to just slowly but surely amass wealth through conventional means. I keep expenditures low, make sure I find the cheapest way to do things, and understand basic economic concepts like opportunity cost, vertical/horizontal combinations, and market manipulation tactics.

But for the past week or so, I decided to try an experiment. Up until now, my auctioning has been limited to ICC bullets and craftable engineering pets (I have quite a corner on the Mechanical Yeti market). But I'm a max-level enchanter with every pattern, so I thought I'd try and make some money selling enchanting scrolls.

So far it's been moderately successful, but I've run into some snags. Here's my observations:

-There seems to be several "goblins" in the enchant market. They seem to have a stockpile of scrolls already, and have apparently had a literal monopoly on the market, because many scrolls are selling at 100g+ mark-ups. Of course, there are others that only barely break even or sell at a loss, but that's a separate issue.

-These goblins are tenacious. They tend to sit around on a lvl 1 relisting very regularly for hours at a time. If they're online and I undercut them, it takes less than ten minutes for them to undercut me right back. This makes it tough to fight with them, because we just slowly decrease the price while trading market time and it forces me to spend a lot of time sitting at the AH relisting.

-Luckily, most of them seem to be Aussie, and are listing things near the end of their evening. If I try and post stuff in the morning, it gets undercut in 10 minutes. If I wait until they log off, or list things right before and after US raid times, I tend to maintain the low buyout spot for hours at a time. So I've had decent luck listing things before and after my raids and just collecting cash in the morning.

-These goblins don't seem to have all of the recipes. The vendor-purchased ones end up in a cycle of undercutting, but I've been able to maintain a near-stranglehold on the Blade Ward and Blood Draining market (inc. theorycraft post "proving" that BW is the best enchant EVAR since it's a 300g profit per scroll!). I've had similar successes with older, harder-to-get enchants (Spellpower and Healing Power from MC, some of the AQ enchants or BC rep enchants).

-I'm not sure what I can do about the goblins. I'm still selling my scrolls at a profit, but the volume is much lower without significant time spent as the market leader. I'm sure they're selling at least as many as I am of the common enchants, which they continue to relist every time they make a sale. Since I have to work to pay IRL repair and consumable costs, I don't have time to sit at the AH all day and keep undercutting them to make the market not worth their time.

My guess is that I just have to get my timing right. Since I can't compete in the Aussie market, undercutting during my mornings doesn't do much good, as it just serves to push prices down without netting me any sales. I think I'll probably be better off leaving my auctions up during those hours, but not trying to edge them out. I may pick up incidental sales (when two purchases happen in rapid succession) or even some sympathy sales (I'm well-known on the server, and I've had at least one or two occasions where an auction of mine has sold while not being the cheapest, leading me to believe that some people prefer not to purchase from a lvl 1 enchanting alt). By leaving prices alone, I'll also make more profit on the enchants I sell during the market window I do dominate (when the gobbos are sleeping).

Buying them out is probably not a feasible plan. I might have the capital to force the enchanting material market prices up, making scrolls less profitable, but Blackrock is high-population so I'm not sure it would last that long. Plus, I suspect the gobbos have a stockpile of scrolls made from cheap materials already, since the tend to list a new scroll immediately without any material auctions ending. Buying out the materials might end up being a very pricey mistake. I could try and buy out their auctions, relisting everything at a large mark-up. But without control over the material market, they can just craft new ones and undercut me. Since all of the auctions I've been looking at are 25g+ profit per scroll, there's lots of room for sniping if one has the time to invest.

I'm thinking about looking for scrolls (or auctions in general) that are below material price and buying out the entire supply, relisting for a 15g profit or so. This might be much more effective, and sounds like what you're doing with glyphs. I have around 100k of capital to throw around, but I'm trying to limit my experimental investment to around 10k of currently-invested funds just to be safe.

Got any advice?
"Theck, Bringer of Numbers and Pounding Headaches," courtesy of Grehn|Skipjack.
Simcraft 6.x, Call to Arms 6.0, Talent Spec & Glyph Guide 6.x, Blog: Sacred Duty
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Re: Making Gold on the AH

Postby Kelaan » Fri May 28, 2010 10:04 am

theckhd wrote:I think I'm going to have to start reading your blog from the beginning.

His blog is the first one I've ever followed every day. As in, I come to work, hit Control-T, type "thea" and my browser autocompletes the rest. :D (I know, I know, RSS ... meh.) It's excellent. I also read Gevlon's (and actually have for a while) but Daemonym does a really good job of things that are more howto-oriented than market analysis or theory.

I'm likely preaching to the choir, but here are some of the things I've liked:

- What glyphs to sell.
- How to get started at {alchemy/jc/scribe}
- How he researches a new market
- How he deals with an uberfarmer, or someone competing. Gevlon just says "outgoblin them", and "make them go away from no profit", but Daemonym went into details on how he (a) gets mats for cheap, or even just buys out the AH, and (b)
- An explanation of how he leverages MANY professions, and all of them are moderately profitable
- Details on how exhaustively he stockpiles raw materials. Some of this seems to be at a rate higher than *I* can afford (e.g. .. 200 stacks of saronite? what??).

Part of his success (IMO) seems to be related to the fact that he plays the AH monopoly game as his primary thing in-game. (In contrast, I am nearly never near one. I'm always raiding on some toon, or leveling my bear, or just not playing.) As a result, I feel like I have a harder time recognizing farmers that I could bulk-buy from, and I also tend not to put the time in to troll trade chat with "buying X materials, Y gold per stack". (Incidentally, Daemonym, when do you find are the good times of the week / day to do that?)

I think someone on my server IS probably doing that, since when I go to look for some raw materials (e.g., herbs, or ores) they're often available only in small quantities, and at prices that would be unprofitable to buy at.
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Re: Making Gold on the AH

Postby Kelaan » Fri May 28, 2010 10:15 am

theckhd wrote:There seems to be several "goblins" in the enchant market.... it takes less than ten minutes for them to undercut me right back.

I'm sure they're selling at least as many as I am of the common enchants, which they continue to relist every time they make a sale. Since I have to work to pay IRL repair and consumable costs, I don't have time to sit at the AH all day and keep undercutting them to make the market not worth their time.

Since all of the auctions I've been looking at are 25g+ profit per scroll, there's lots of room for sniping if one has the time to invest.


From reading the Stokpile blog, I think I remember him saying that at times he's willing to take a hit on profit in order to discourage a competitor. He has the resources to do this for an extended time, and gets cheap mats so that they have a harder time doing it.

You might also do what Gevlon does with glyphs: Don't sell at a large profit. It will drive prices down. The other AHers will either buy you out (profit for you, increased cost for them!), or will undercut you (less profit for them!). If you're posting several low-priced scrolls every day, and they are buying them from you, try ramping up the volume. At some point, they'll have a large stockpile of scrolls which they will have been unable to get rid of (in theory), especially if you've been able to get the enchanting materials cheaply.

At some point, you may bring the profits down far enough that they're spending hours every day for only a few gold profit... and the slimmer the profits get, the more frustrating it will be for them to keep having to undercut you.
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Re: Making Gold on the AH

Postby KysenMurrin » Fri May 28, 2010 10:57 am

Yeah. The other benefit of that strat if they undercut rather than buying you out is that while they're putting their scrolls up at low price, selling, buying more mats, crafting, posting again, all at low profit, you're likely not selling, not having to craft new scrolls, and just reposting the same scrolls with zero deposit costs. The theory is if it goes right and they keep undercutting, you can drive them out at next to no cost to yourself.

Of course it's riskier to do that with scrolls than glyphs, as the material cost is a lot higher.
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