I've been playing AH for the last month because I got tired of grinding.
It isn't like it was 18 months ago when I was playing my priest and the money was REALLY easy, but i've made ~1800g in the last 4-5 weeks mostly by controlling markets. Thats starting with ~200g seed money...its going much faster now.
What is increasingly irritating is the undercutters. I don't understand them. I can understand wanting to sell quickly and undercutting someone by a bit, maybe 20 or 50s on a 20g item. Thats enough to make the difference to a buyer. What gets me is seeing my price - then 1g lower, then 2g lower than that, then 3g lower than that. It makes no sense. I don't mind in part because it just means more cheap stuff for me, but sometimes the volume of stuff I have to buy is HUGE. Don't these people value their time at all? When I was out farming for hours at a time, I wanted every last copper I could get...
The other thing killing me lately is Xmute products (mostly because I bought up 2k worth of primal might at a great price, but i want a premium). On my server people are selling primal might for 10-20g less than the raw mats recently...I don't get it...same for cloth's|||That's the risk of playing with AH, you might find your market completely becomes a mess. But it's their item. They can do whatever they want to.
for Primal Mights, you might know that transmuting alchemists sometimes get multiple items out of a transmutation. They can afford selling at a price that is lower than the raw mats. I see that as a great idea. You work hard to get to the top. You shall get something in return. Same goes for high-end clothes. You get two out of one set of mats if you're specialised in those type of clothes. I'm a shadow-spec'd myself and I can say after all the set and pieces, those clothes are money maker!|||I have had the same experience with undercutters. It makes no sense at all. And it's exactly like real life.
In my business, I have competition who does work for 20% of what I charge. I just don't get it. If you know that the market will bear such a higher price, why would you do it for so little? If people are willing to undercut so badly in RL, with real money, you know they'll do it for WoW gold.|||I undercut people all the time (by many Gold) because they have put the items up at a ridiculously high price trying to control the market. I've been on my server for about a year and a half so there's certain prices that really kind of stay the same, seeing some dude putting ton's of items up for several more gold then standard prices, just makes his items the most expensive and least likely to sell b/c the rest of us are posting at the new middle point that has been created.
Item ASDF usually sells for 2G a piece
AH player #1 buys out all the ASDF's on the AH and posts them all for 4G a piece in an attempt to make some money and slightly control the market.
Now the rest of us AH players see this, and we go get the ASDF's that we have in the bank and post those for 2.5-3G a piece. Now ours sell (we make more than what we thought) and AH player #1 just helped us do it. His do not sell and he is forced to lower his price thus resetting the market, and we're the ones making the profit (even if our buyer is AH player #1 buying out our items to resell for higher amounts). We still make the money we wanted and then some and his items will go un-purchased for a week b/c everyone knows the standard price.|||I am a tailor and use all my CD's whenever they're up. I always sell all 4 for as much as possible.
Our market has been really crazy lately, but I don't put things up for insane prices.
Ex. Primal water sells from 15-22g. So i will buy out whatever i can under 17 and list at 20. The next day i'll check and some guy listed 18 singles for 13g when the lowest price was still 18.|||I hear you. I often make flasks and sell them for profit. Usually flask of relentless assault sells the best for around 40g. Lately someone keeps putting them up at 30g. As you said I could understand if he undercut by a few silvers but 10g? These things sell all the time for 40g+ why list it at 30? I know I could just buy the cheap flasks but I prefer to make my own since I get the chance for an extra proc.
I haven't gotten into controlling the markets much - if you don't mind sharing what items do you find to be the best? Enchanting mats, tailoring cloth, and primals? I guess I know the theory just afraid it will backfire on me. I'm worried about people like xDark I guess - of course the enchanting mats have no deposit unlike the flasks.|||Quote:
I undercut people all the time (by many Gold) because they have put the items up at a ridiculously high price trying to control the market.
That's different than what XCompanion is complaining about, though. Lots of players seem to put stuff up at much less than the standard price, just to sell quickly. On my server, for instance, copper bars used to sell for 3g for about a year (when the expansion and jewelcrafting was introduced) and having 3 low level alts with mining I made some insane money... until some numbnuts kept putting it up for 1g. Now you're lucky if you can get more than 1g50s for a stack of copper bars.|||Theres a misunderstanding here , the whole undercutting principal grows from 3 beliefs:
- what the origional seller wants to sell the item for
- what you think you can sell the item for
- what the item is actually worth
Most people belief that what they sell it for, is what the item is worth.
Just becouse an item is on the AH for 4g, doesnt mean its allways way overpriced.
I love controlling the market, and thus i buy up the undercutters amass. They get the money they want, but in the end i make profit of their items.
Dont ever undercut yourself, instead buy up the bunch and put them back up.
And dont forget, theres never just 1 person looking for an item.
Someone will go to the AH, buy a stack of copper ore at the cheapest price on there. Hey looksyloo, the undercutters item has been bought, your items are the cheapest now!
So the next 50 people will see your items, and if they are in need of it, will buy it.|||I've been working on the markets I know which are primals, cloth and gems. I also make netherweave bags everyday and a mooncloth or ebon shadow if i can get enough mats cheap. I look for epic patterns that are relatively cheap too.
I always list my mats at the high end of the "accepted" price range
You can exploit the cloth markets when there are big differences in price. Ex: 10 spellcloth for 300g while mooncloth is selling for 45g a pop. Buy the spellcloth and trade it for moon.
Wesje - what you just described is usually exactly what I do. I just overinvested this round... This was my first time buying that many primal mights and i just ran out of cash.
The good news is the market is rebounding and i bought up 20 primal mights for an average price of 65g each. I anticipate it should be back up to 100 by the weekend, so I guess the name of the game is patience.|||Also keep in mind that from what I read most of you have been on a server for more than a year. Over a year the community of a sever grows quite a bit. As its growing more people need more mats to craft, quest, whatever. All the early comers to that server reap rewards in easy selling of mats at good prices. But a year and a half later your sever gets less and less new people crafting. Plus now you have a mid-high pop sever which means a ton of people farming, getting tons of mats and not as many low to mid range crafters to buy it up. Its a supply and demand thing IMO.
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