Thanks for the article mate. I've been posting glyphs pretty much twice a day and I'm dropping the prices of what they had to lower levels to see how long they want to stay in the market for. So all those 80's I'm bringing down and see if I can push them out so I can reset the market.
I have heard no screams on anguish as yet but I'm sure they are coming. What are you opinions about picking up low priced glyphs? Most scribes a rent really trying to make money, just levelling and throw them on for low prices, sometimes cheaper then it is to make.
Also I'm building up a Tauren DK so i can herb my own product between glyph resells to drop costs down. What price do you put on time? As its only time, does it allow you to drop prices lower since costs gold wise are minimal?
Posting twice a day is nice; infrequently enough to be very time efficient; often enough to put thumbscrews on the opposition. The screams will come. I loved it when I got my first 'your destroying my profits' email.
In terms of buying cheap glyphs, well, I still have 60 glyphs of voidwalker that I purchased before Cata that I really need to vendor. The times to buy cheap glyphs are:
- When you can't (or won't) make a glyph for that cost
- When buying a few will reset the market
Regarding your levelling DK so you can gather your own herbs. Really? Don't. Seriously. You will be competing against professional farmers and robots. My time is more valuable. Now, if you decide to take herbalism while levelling for an XP bonus, I am all in favour of it (also level as blood - very little downtime), but swap out herbalism later (probably for enchanting or jewelcrafiting). You aleady have inscription - max your gold making opportunities there first; including selling inks, relics and if profitable, trinkets.
If you want to make some extra gold from a gathering profession, take up fishing or skinning (Tol Barad crocks). According to gevlon's numbers, he puts those two professions at about 1,500g/hour. Less than that, and your opportunity costs are too high.
Looking at wowhead for whiptail, you will pick on average 3 whiptail / node, plus 1 volatile life / node. Assuming a price of 2g75 and 9g respectivly, you gather 17g25 per node. My understanding is that each glyph you sell has a much better return than 18g. Based on these numbers, if you can gather 87 nodes/hour then gathering is equivalent to fishing or skinning.