At the moment there is a steady but slow demand for glyphs, with prices all over the place. Some players (especially those on Alliance Caelestrasz) will find this post 'assertive', but it has been the reality for the last week.
Again using the undermine journal, I have a few images to show
I prefer to sell Dark Succor on my server than on Hydraxis Alliance. In fact, I would not be selling it on Hyrdraxis Alliance.
For me, glyphs generally sell shortly after posting or not at all. At the moment, all that leaving glyphs up for 48 hours seems to do is suppress the long term price of it. The more frequently I post, the more glyphs I sell, and will intend to post several times per day over the weekend, but only once or twice per day during the week. Posting 1 or posting 10 makes very little difference to my sales, but a large difference to my effort in mail collection.
I am attempting to take sales from my competitors. In turn they will attempt to take sales from me. Some will do so by posting when I dont (i.e. early AM). Others will post walls of glyphs (5 or so at a time). Yet others will track my toons and logins, and immediately undercut. Finally there are those who post as/when they can.
I want to discourage immediate undercutters. Some will undercut at 1 copper, which has no real effect on prices, but I personally find a little annoying. I will undercut by 5 g on the majority of glyphs, with a larger undercut on glyphs that dont do as well. There will be times that I will post, log out, wait 5 minutes, log back in and re-post. If this re-posts a lot of glyphs, I will rinse and repeat. This will annoy other glyph sellers, as repeated repost cycles will crash some prices in fairly quick order.
My current frame of mind is to have profitable sales, and continue to dump my few remaining significantly underperforming glyphs. For the majority, I will post 1 of each glyph regularly with a 24 hour window. I work during the day, and am not organised enough to post before work. Some days I will (either accidentally or deliberately) allow all glyphs to expire.
For glyph costs, I base it on the price of the most expensive ink (blackfallow), but will continue to buy and get milled cheaper herbs and use them for additional profit. At some stage I expect to need per ink pricing, but today is not that day.
Compared to a month ago, not many glyphs are currently selling (with some attributing it to Australian kids returning to school), but we are selling ok. It is also my belief that players will happily spend 40-60g on a glyph just in case but will only buy glyphs they need at 200g. If pricess fall, then we will sell more glyphs.
If I find my profits falling, I will be more aggresive. I will probably adjust my pricing in a fortnight regardless.
Given our known experience with Dark succor, and other anecdotal evidence, the majority players do not yet have a full set of glyphs. New players, new alts and players backfilling glyphs will all contribute to ongoing demand. It appears that 4 scribes can fulfill the current demand for glyphs. There will be spikes where patches add glyphs, change glyphs, or popular forums change their glyph suggestions, where temporary demand may exceed regular supply. Over the course of Cata, I expect that demand will fall off from current levels, but not much lower.
Glyhs will continue to form a significant part of my income expectations. However, with a falling time commitment to glyph crafting, I will be exploring other professions again for profit opportunities.
Patch 5.3 - Patch 5.3 came out today. I am actually way behind in WoW. I haven't beaten Lei Shien yet in LFR, I have 0 Secrets for the Legendary Quest, and I just hit ...
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