Making Gold on the AH

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Re: Making Gold on the AH

Postby Chunes » Fri May 28, 2010 12:41 pm

Again and again the topic comes up, "how do you dislodge a tenacious goblin from his established market?", and with good reason. Pushing an established goblin from their market is a difficult task because said goblin has likely invested enough time/capital into his corner(s) of the market to be relatively insulated from any sort of short-term pressure applied by an aggressive competitor.

I think to successfully uproot a gobbo you'd simply have to have either more raw capital, a willingness to either make little gold or even negative gold for a good span of time, and a decent amount of time to convince said goblin that a certain market was not worth their time.

Even then, your success would likely be short-lived since once things returned to normal and you started to make money in the newly vacated market, the goblin would likely creep back in eventually. I suppose the trick would be to either find some way to limit his access to the resources utilized in the market you are fighting for, or just keep his incentive to re-enter the market low by posting at low profit margins. Either way, it's a long, hard battle no matter how it's approached.
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Re: Making Gold on the AH

Postby Korola » Fri May 28, 2010 12:53 pm

Chunes wrote:Again and again the topic comes up, "how do you dislodge a tenacious goblin from his established market?", and with good reason. Pushing an established goblin from their market is a difficult task because said goblin has likely invested enough time/capital into his corner(s) of the market to be relatively insulated from any sort of short-term pressure applied by an aggressive competitor.

I think to successfully uproot a gobbo you'd simply have to have either more raw capital, a willingness to either make little gold or even negative gold for a good span of time, and a decent amount of time to convince said goblin that a certain market was not worth their time.

Even then, your success would likely be short-lived since once things returned to normal and you started to make money in the newly vacated market, the goblin would likely creep back in eventually. I suppose the trick would be to either find some way to limit his access to the resources utilized in the market you are fighting for, or just keep his incentive to re-enter the market low by posting at low profit margins. Either way, it's a long, hard battle no matter how it's approached.


This. Also the fact that nothing prevents others from trying to get in on a vulnerable market while your epic struggle is going on. I am more of a vulture with the AH than anything else. Sometimes buying out large portions of items to reset the lowest price, and limiting the amount that I put back up. I am eagerly awaiting the expansion because I love the volatility of the market when people are grinding to level cap.
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Re: Making Gold on the AH

Postby Chunes » Fri May 28, 2010 1:14 pm

Korola wrote:This. Also the fact that nothing prevents others from trying to get in on a vulnerable market while your epic struggle is going on. I am more of a vulture with the AH than anything else. Sometimes buying out large portions of items to reset the lowest price, and limiting the amount that I put back up. I am eagerly awaiting the expansion because I love the volatility of the market when people are grinding to level cap.



Definitely.

I'm furiously leveling up an enchanter now that i've finally capped my alchemist (already have a capped jc). Next step will be to get my alchemist's herbalism up to max and my enchanter's whatever up to max (might go dual crafting on him, ench/inscription mayhaps).

With a Miner/JC + Herb+Alch + Ench/Inscript I'll have plenty to make money with. Gather while leveling if need be, then craft, craft, craft...
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Re: Making Gold on the AH

Postby smiter » Fri May 28, 2010 3:03 pm

I seem to have the eternal belt buckle market cornered a bit (it is me and one other Bsmither who we keep battling it out). About a month ago we were selling buckles as low as 29g on our crappy server. Since then we seem to both be listing a handful a day at 40-50 gold and continually undercutting each other. However, it seems that neither of us are very willingin to sell at under 39g now. I am debating making a boatload and selling for minimal profit (maybe around 25-30 gold each and seeing if I can't push her out of the market). I have been routinely seeking out cheap eternals but lately they have been a bit over-priced. I also only seem to sell about 10max a day regardless of price. But I have been able to make a couple thousand a week just on buckles doing this.
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Re: Making Gold on the AH

Postby daemonym » Fri May 28, 2010 8:23 pm

theckhd wrote:My guess is that I just have to get my timing right.


This is the main part where I can give you advice as yo ahve the rest already down fairly well through good old fhashion logic. I never list in the morning as it jstu brings prices down for no sales. I post once around noon and once after my server generalls ends raids (11pm eastern). I always have a stock of every scroll made so no matter what through sheer probability I'll have several up at lowest or close enough for the popular ones to make a bunch of sales. Things like ice walker, 22 stam to boots, SP to gloves, etc. will always sell in drives and you can also easily force the prices down low to buy the competition's scrolls for your own listing of a high mark up.

That and of course, stokpile as much as you can to deny them the cheap materials so they'll run out eventually. With the currect state of the game enchanting mats are far from infinite in the same way that saronite is infinite, know what I mean?


Kelaan wrote: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?)


Any time I'm at the AH i'll post in trade that I'm buying something and I always get at least one cod order. Buy during prime time and any time during the weekend but never after raids as that's when materials spike up. You sell then because people will think that they're getting a good deal with crystals being 50g each even though you paid half that an hour ago. Are you waiting for rain invites to go out? post in trade. Are you posting auctions? yell in trade. Are you mass crafting a bunch of inks? scan the AH. there's always a moment of opportunity to do some business as it only takes a few moments at a time.

And I do still raid on several toons, just not ICC as my server's pugs are super fail. I clear toc 25 on 3 toons a week and toc 10 twice.
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Re: Making Gold on the AH

Postby Kelaan » Fri May 28, 2010 9:46 pm

How do you scan the AH while crafting? whenever I am using the auction house, it closes the window if I open a crafting window.
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Re: Making Gold on the AH

Postby daemonym » Fri May 28, 2010 10:41 pm

Kelaan wrote:How do you scan the AH while crafting? whenever I am using the auction house, it closes the window if I open a crafting window.


auctioneer has a function in the AH window section called 'protect AH window" that basically says that the window will never close unless you run away from the npc.
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Re: Making Gold on the AH

Postby KysenMurrin » Sat May 29, 2010 3:42 am

It also changes behaviour depending on your monitor, when I swapped to a widescreen I became able to open three normal sized windows at once, or the AH window + one other (though some windows still close the AH, like Social).
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Re: Making Gold on the AH

Postby Arnock » Sat May 29, 2010 7:26 pm

not so much depending on monitor, you can do this without addons or a big monitor, just adjust the UI scale in your video settings until it allows you to keep it open.
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Re: Making Gold on the AH

Postby Rhivath » Sat May 29, 2010 7:32 pm

I don't know what happened but the herb farmers all went away on Silver Hand Alliance. I was making a lot of gold off enchants/armor vellum/glyphs by buying Tiger Lily/Deadnettle for like 4-5g a stack and going nuts, but lately there is barely more than 3-4 stacks of any Northrend herb up, and usually it's someone trying to sell them for 300g a stack. The people I used to buy from don't appear to post anymore, and it really sucks for my profits :(

I guess I'll try to abuse a different profession but it was sooo easy :cry:
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Re: Making Gold on the AH

Postby Gracerath » Sat May 29, 2010 11:57 pm

Rhivath wrote:I don't know what happened but the herb farmers all went away on Silver Hand Alliance. I was making a lot of gold off enchants/armor vellum/glyphs by buying Tiger Lily/Deadnettle for like 4-5g a stack and going nuts, but lately there is barely more than 3-4 stacks of any Northrend herb up, and usually it's someone trying to sell them for 300g a stack. The people I used to buy from don't appear to post anymore, and it really sucks for my profits :(

I guess I'll try to abuse a different profession but it was sooo easy :cry:


Sounds like this happened on several servers a week or two ago if I recall correctly. My server's farmers came back finally and I bought 45 stacks of icethorn at my normal price plus several stacks of Ink of the Sea. I have stockpiled over 1k IotS and I'm debating on going for more. I'm trying my best to buy up all the reasonably cheap raw mats/inks I can forcing the other glyph makers to have to farm themselves or rely on the more expensive stacks to keep their glyphs flowing. The farmers are out in force though so I dont know if I'll be able to keep up.
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Re: Making Gold on the AH

Postby KysenMurrin » Sun May 30, 2010 3:28 am

My server recently had a progressed raid guild transfer in so they could try for the server number 1 spot (we are a terrible server), since then the number of raw mats on the AH has dropped off a lot, and from what I've heard they have a bunch of bank toons who are trying to drive people out of most of the markets by buying up mats and tanking prices on goods using their stockpiles. So far I'm still finding it possible to make money, but the drop off in cheap raw materials is noticable.
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Re: Making Gold on the AH

Postby amh » Sun May 30, 2010 8:59 am

The 50-items-per-minute limit on the mailbox is getting pretty annoying. I might have to cut down on amount of glyphs I create of each type, just so I don't have to spend half an hour between cancelling and relisting everything. Made a new record yesterday, when cancelling 1200 auctions >.>
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Re: Making Gold on the AH

Postby Arnock » Sun May 30, 2010 12:07 pm

Gracerath wrote:
Rhivath wrote:I don't know what happened but the herb farmers all went away on Silver Hand Alliance. I was making a lot of gold off enchants/armor vellum/glyphs by buying Tiger Lily/Deadnettle for like 4-5g a stack and going nuts, but lately there is barely more than 3-4 stacks of any Northrend herb up, and usually it's someone trying to sell them for 300g a stack. The people I used to buy from don't appear to post anymore, and it really sucks for my profits :(

I guess I'll try to abuse a different profession but it was sooo easy :cry:


Sounds like this happened on several servers a week or two ago if I recall correctly. My server's farmers came back finally and I bought 45 stacks of icethorn at my normal price plus several stacks of Ink of the Sea. I have stockpiled over 1k IotS and I'm debating on going for more. I'm trying my best to buy up all the reasonably cheap raw mats/inks I can forcing the other glyph makers to have to farm themselves or rely on the more expensive stacks to keep their glyphs flowing. The farmers are out in force though so I dont know if I'll be able to keep up.




similar thing happened on Llane over the last few weeks, farmers only started to come back in the last few days.
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Re: Making Gold on the AH

Postby Santcuff » Mon May 31, 2010 3:22 am

On the subject of getting mail I've been using this addon for almost a year now Mail Opener

It automatically refreshes your mailbox every 10 seconds and combined with postal will automatically open all your mail.
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Re: Making Gold on the AH

Postby amh » Mon May 31, 2010 7:21 am

Santcuff wrote:Mail Opener


x.O

Thanks!
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Re: Making Gold on the AH

Postby Santcuff » Mon May 31, 2010 9:08 am

amh wrote:
Santcuff wrote:Mail Opener


x.O

Thanks!


Yeah almost no one knows about that addon. It's wonderful
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Re: Making Gold on the AH

Postby Arnock » Mon May 31, 2010 9:39 am

quickauctions has a built in opener as well.


New mail becomes available after 60 seconds, so refreshing every 10 seconds is a bit of a waste.
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Re: Making Gold on the AH

Postby KysenMurrin » Mon May 31, 2010 9:57 am

I've just been manually doing a /rl after each batch of 50.
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Re: Making Gold on the AH

Postby Santcuff » Mon May 31, 2010 10:24 am

Arnock wrote:quickauctions has a built in opener as well.


New mail becomes available after 60 seconds, so refreshing every 10 seconds is a bit of a waste.

Well it only starts refreshing after there is no more mail to be picked up in the mailbox already so by that time there is usually only 15 or so seconds left.
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Re: Making Gold on the AH

Postby Digren » Tue Jun 01, 2010 8:46 am

amh wrote:The 50-items-per-minute limit on the mailbox is getting pretty annoying. I might have to cut down on amount of glyphs I create of each type, just so I don't have to spend half an hour between cancelling and relisting everything. Made a new record yesterday, when cancelling 1200 auctions >.>

Reloading your UI resets the timer. Depending on the time left, it's often faster.

It's /reloadui or /console reloadui() or something depending on what addons you have installed.
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Re: Making Gold on the AH

Postby daemonym » Tue Jun 01, 2010 9:09 am

Digren wrote:
amh wrote:The 50-items-per-minute limit on the mailbox is getting pretty annoying. I might have to cut down on amount of glyphs I create of each type, just so I don't have to spend half an hour between cancelling and relisting everything. Made a new record yesterday, when cancelling 1200 auctions >.>

Reloading your UI resets the timer. Depending on the time left, it's often faster.

It's /reloadui or /console reloadui() or something depending on what addons you have installed.


/reload
/reload ui
/console reloadui
/console reload ui

Those are all of your options. I put it into a macro bound to control+3 on my bankers for easy access.

And if I happen to have something to read (such as MTadin) I'll use the reload macro to collect the mail. On an average day in UC it takes about 25 seconds +/- to collect a set of 50 mails, another 15ish to finish reloading and restart the process. So it saves a noticeable amount of time when collecting an ass ton of mail. But again, the option to go out to the store or get some lunch while automatically collecting your mail while you're out and about is just awesome, so the addOn mailOpener is great.
Again. What grim vision this? Blood stained tomb, beer cans, and piss. This. Is no life...for a god.

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I have 2 million gold. http://theahpile.blogspot.com/2011/05/i-have-2-million-gold.html
Total as of 5-3-11: 2,064,000g
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Re: Making Gold on the AH

Postby KysenMurrin » Tue Jun 01, 2010 9:23 am

I don't know exactly which addons enable it, but /rl might also work. Does for me (I didn't realise it was an addon thing, but apparently it is). Much quicker than the alternatives.
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Re: Making Gold on the AH

Postby amh » Wed Jun 02, 2010 3:28 pm

Price-check: Spellsurge. Wowhead says 1001g. Outdated?
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Re: Making Gold on the AH

Postby Chunes » Wed Jun 02, 2010 3:56 pm

I wouldn't ever use wowhead as an accurate indication of what an item should be sold for. That formula will sell for whatever your server's market will tolerate, it may be around 1k gold, it may be 10 gold.

I have not seen any spellsurge scrolls nor have I seen the enchant itself, so either it's rare and nobody has it on my backwater server, or those that do have it do not waste the time crafting scrolls of spellsurge since there is no demand.

I'm just guessing, but based on the proc of the enchant it seems like it wouldn't be a popular enchant.
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