Thursday, September 22, 2011

Where did all the auctioneers go?

I'm back to writing my blog again. I took a break from WoW to play Rift and check out some console games I had been putting off. My blood started craving a good profit streak and I could not wait to get back into the swing of things.

I moved to a newer lower population server recently and my Glyphs don't sell as much as they used to but I was still able to pull ~150k within a few weeks by lowering my volume and micro managing the market (re-posting a lot)

It's nice to see that not a lot has changed since my break began, I wonder what happened to the podcast "Call to Auction", I really enjoyed that and elaborated a lot on some of their points in my writing. Those guys really inspired me to take more dedication in understanding Auctioning and I wish they were still making shows. :(

I'm still using TSM with inscription, but I hand post some items that fall into a special category for me. Ember cuts are very rare on this server and so is truegold so I post those by hand overcutting because I know the "Sweet Spot" of the market.

The Sweet Spot
This falls into understanding your server and the specific items that have a higher value and are less common. lets say you have noticed that truegold moves ~40 bars a night on your servers "busy" nights. You can shoot to be the 12-16th less expensive auction and still sell your stock. This can increase your profit a lot, for me sometimes 50% or more.

point: You don't always need to undercut if you believe your price is fair and the demand will consume your goods.

Have a good time and make some gold.