First take a look at this post about my gold making in June:
Making Gold at the end of an expansion: Up 429k in 30 days
TSM Stats
MySales last 30 days
July Gold Chart
Undercut or Overcut: Glyphs vs Cata greens
The countdown has begun
I hit the milestone of Two Million Gold at the end of May and now 65 days later I hit the milestone of Three Million Gold. There is probably too much information to cover in one post so i'll start off with a lot of screenshots to give you an idea of how I made 1000k in 65 days.
TSM Stats for the last 30 days
TSM Stats for the last 30 days
MySales last 30 days
July Gold Chart
These two markets are making me the most amount of gold
right now, closely followed by Scrolls and Transmog items. I sold 23 Cata greens (armour, weapons, rings) and had 7.5k in glyph
sales in the last 24 hours.
In Glyphs I tend to undercut, overcut and price match
depending on what sort of competition I am facing. Recently I tried out a 2
phase re-entry into the glyph market. Normally I post pretty casually at 48hrs and
come back 48hrs later collect gold and expired mail and repost one of every
glyph again for 48 hrs. I used a relatively high threshold which meant the
majority of my glyphs were posted at a high fall back of 200g.
Ink price is around 8 to 9 gold.
About a month ago I posted a wall (3 glyphs deep) at 100g. I
kept this wall up for about a week and several glyph competitors stopped
posting.
I got a few mails and whispers about ruining the market and
how I was ruining the market for myself because before you could sell 200g
glyphs and now you sell them for 100g.
After seeing some of the main glyph competitors leave I stopped walling
and started 1c undercutting, I would cancel/repost 3 times a day and started
making real nice money, the average
price of a glyph is around 75g and ink prices have started to fall down to
around 5 to 6 gold per ink.
Now I could have skipped walling and just became more active
in the market by undercutting 1c in a high priced market. However there was so
many competitiors in the market that it was usual to be undercut by 8 - 10
players within an hour of posting. By putting down the 100g wall for a week
there are now 3 - 4 players willing to continue with lower priced glyphs.
With selling Cata greens I guess you could say I overcut. I
set my threshold 1g below my fallback. I buy any item below 75g and sell items
for 300-1000g depending on the item and the day, lower for Mon – Thur and
higher for Fri – Sun.
I post up one of each glyph, but post up seven of every 77-81
green item (ignoring the suffix). I make sure to restock all my glyphs to 18
currently and I am building up another stock of glyphs in a Guild Bank currently
five of each glyph. So after a restock (I restock 2-3 times a week) I have 23
of every glyph in the game.
For glyphs I try to pay attention and have added the names
of all my competition to my friend list, noted their routine and what glyphs
they are missing. For Cata greens I can not name one of my competitors.
I log on to my glyph alt 3 times a day and cancel / repost,
I log on to my Cata green alt once every two days and never cancel and never
undercut.
I check on herb prices 2-3 times a day, I check prices on
cata greens 2-3 times a day.
You may have slightly different strategies but I find that I
deal with several markets in a similar way. Glyphs and Gems are very similar,
Cata greens and transmog are very similar.
I like 48hr posting and I like to
Overcut.
I am seeing a decrease in sales for low end items, but an
increase in sale of high end items. I’ve sold several high end items for 9-10k in the past month which has been great but I am running low on stock of
these high end transmog items, I’m hoping AOE looting and lots of people
levelling up Panda’s will bring a lot more items on to the Auction House in
MoP.
The countdown has begun! Tick Tock MoP
The Auction house is very volatile
currently with a lot of items being dumped. I’m keeping an eye out for cheap
herbs and ore which I would love to really stock up on. I will probably post a
more indepth update but the alliance project is going really well, I need to
finalise a few professions but I think I will be able
to get one of each profession on both factions and 15 level 85’s (12 currently)
by 25th September. I still have not decided whether to buy MoP
online or pre-order a hard copy. Since I will be buying two copies I might just
buy one of each.
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