I was feeling ... melodromatic. If it helps, I also do public speaking at Rostrum (shameless plug), and am trying to work on my dramatic style. Please forgive me (or not). If it helps to keep Breevok making posts, I will be dramatic more often.
Hopefully it came accross the way that 'run away little girl' is meant to, but ... who knows. I think that we are read by other glyph sellers. Being 'on message' works in the political arena, and can spook the opposition (or here in Australia even the government). I know that it would also work in blogs, but my limit for repeating myself is about twice. So ... I will fail to scare the little girls away. Regardless it was a fun post to write.
Breevok was right, it is the threshold I am testing, not the fallback.
In glyphs, Breevok makes more gold. I made about 2k in sales last week (at 5g/glpyh), probably about 1.1k profit. The back of a napkin says that I sold about the 450 glyphs that he did.
When I got back, I posted (one toon of three toons - Foobarfoo) at 4g10 and went for tea. By the time I got back most of my glyphs were undercut.
So, I posted glyphs betweeen 3g60 - 4g10. After I posted, there were over 80 pages of glyphs up. Wow. Glyphs are very interesting at the moment, with far too many players being interested. By too many I mean that they are taking my profits. Mine I tell you, all mine.
3g60 glyphs are an attempt to test the competition. I have already been largely undercut, and I am astounded at this. I move slowly, and I will look at the prices next week. Breevok has also set me a challenge. I am jealous of his graphs. I will try to be as structured as he has been. I will also see what information I can extract out of Beancounter (apparently it can be exported to an spreadsheet).
In answering Breevok's question my profit/hour will be: number of glyphs * (Glyph sale - (ink cost + parchment cost)) / (posting time + mail gathering time + glyph making time).
- Number of glyphs : 450
- Glyph Sale = 3.6g
- Ink cost = 1.6g (my current AH snatch or payment to Wek)
- Resilient Parchment cost = 50s
- Posting time 3 toons * 2 minutes * 10 times/week = 60 minutes. I largely post AFK on my son's account, doing something else while I am waiting. However, logging between toons is a pain, and can sometimes take a while and attention.
- Mail gathering 3 toons * 1 minutes * 4 times/week = 15 minutes (approx). I only collect mail every so often. I will be AFK when this occurs
- Glyph Crafting time: 2 seconds (cast time + lag) * 450 glyphs = 15 minutes (approx). I batch glyph making.
- Deposit costs can be ignored.
But assuming the above, 450 * (3.6 - 2.1) / 1.5 hours = 450g/hour. This is too little, I would make more in other markets. Anyone undercutting me would make more profit/hour selling inks. (I don't make inks)
What are my risks?
- That I drive out all my competition and have to supply the entire market. That is too much work for me, I burn out and let the price reset.
- I discover that the opposition is as stubborn as I am, and we have a permanent price of 2g90.
- Post for even less, in order to raise my sales.
- My largest time commitment is logging into posting toons. I could post 10 glyphs at a time to reduce this, combined with a reduced fallback.
- Post for more in order to raise profit/sale.
- Set a higher price for low stock glyphs. I suspect that is where the majority of sales for both Breevok and I come from. At the moment, I don't spend the time tracking what glyphs sell and what glyphs dont. I really should.
What do I hope to get out of an extended period of very deep undercutting?
- Fewer competitors. There is a moment in cataclysm when glyphs will have their day in the sun. I want to discourage others from sharing in that moment. I have zero intentions (or ability) to entirely stop them from sharing it. Previous experience shows that it takes about a fortnight before others leave the market. I especially want to make gold hard for campers. They make goldmaking hard for me. By the way WoW has different laws than real life. But then abusing market power and market collusion are both illegal and rife in Australia.
- Cheaper herb prices. This might be in vain. I am stockpiling inks, and others are too. With cheaper herb prices, I will be able to squeeze suppliers of inks.