The theme - as it often is - is glyphs. Breevok has brought to light his understanding of what happened. This post is in response to Breevok's.
I have some recollections of the conversations of the day, biased by selective memory (as happens). Blogs are great, as they form a written record. Re-reading old posts, there are days I come across assertively.
Looking at some of old posts
- In August 2010, I was worried about a 1 copper undercutter, and another purchaser/relister.
- In September 2010, I was driving out competition, and Breevok was fighting for scraps
- In October, we were concerned about the transition to patch 4.0
- In November, I welcomed Moonvengence My in game conversations were of a similar vein. This market was hard
- December found me trying to sell only the highest selling glyphs and I didn't sell much until I lowered prices again
- January was simply great
Breevok post talked about me irritating someone, about fun in an untapped market, yet his own blog posts were about fighting over scraps.
Sometimes I irritate people. Some people I irritate all the time. This is unfortunate, but I suspect that the same can be said of anyone. When I contacted Moonvengence, I had 3 goals : Find out how serious he was going to be, invite him to contribute to the online discussion, and let him know that our market was crowded. What I found out was that he was more serious than he let on (and with the wall of glyphs he was already serious), and he became a competitor that drove most others out. At the risk of adding further insult, I prefered the market after Moonvengence entered.
My pricing strategy is generally set after a week or so of thinking. If I can't keep up with sales, raise prices. Too few sales and I drop prices and/or post more regularly.
It is easy to see what toons I post glyphs with. Scan the AH for a seller with the name containing Foo. Foobarfoo, Foosglypha, Foosglyphb sell my glyphs. There is roughly one Foo toon that is not me.
Today, my biggest concerns are that the prices are high enough, and we are selling out enough to encourage a new (or even old) determined scribe. Since release 4.0 , with the possible exception of a 4 day window in December I have not been bothered by any player. I had to work a little harder for sales in late December, but as I was on leave (and had a second account to play with), this was not a problem.
At the significant risk of adding new competition (or even inspiring old competition), I would suggest that inscription is currently the most profitable tradeskill, whether you mill inks (of any variety), craft and sell glyphs, or make darkmoon cards. If you want to mill inks on a fee for service basis, please let me know ingame or via a comment here.