What I am doing now

You are most likely here because you enjoy crafting. I have been reading up on some of the WoW issues regarding gold making, which make me realize that WoW is not the game for me.

If you want to play a game where gathering and crafting is the cornerstone of the economy, and are not faint of heart, I recommend EVE Online. EVE even has releases purely to support industry. You can play for free if you are good enough manufacturer or trader.

Be the builder in a villainous world.

My journey can be seen at http://foo-eve.blogspot.com.au

For a 21 day free trial, click here (Disclaimer: I do get a bonus if you become a paid subscriber)

25 August 2012

MOP Raiding firsts

There are a set of players that are rushing towards dungeon and raiding firsts.  I won't be one of them.

They are competent raiders; have booked time off work/school (or simply call in sick);

They have at least some wealth; having sold valor purchased bind on equip gear; epic gems; and boe drops.

This release; they are going to have a whole week to level and do dungeons (again and again and again) and even grind out honor, to get the best gear they can before they start raiding in week to of MOP.  (I have read that raids will not be released until week 2).


These players will buy buffs; and spend what they need to.  Many of them will spend gold on BOE valor gear and save their valor points for BOP items.  They already know what gear and buffs they want; and are spending time raiding on the beta server.

Your preparation now is to find out who these players are; and ask them what they want.  If you don't already know who they are, look at http://www.wowprogress.com/ or similar sites and ask them what they need.

Keep an eye on the forums at elitist jerks for your class; looking at what gear; potions/elixirs/flasks; gems; enchants, food they are recommending; and learn those recipes.

They are gold rich and time poor.  Not as gold rich as those working on profession firsts; but good enough.  I will have profession specific advice in later posts, but you want to be selling to these guys; and to the wannabes that follow after.

24 August 2012

MOP Scribes (inscription)

Before MOP prequal

I recommend converting inks before MOP drops.  Assuming the MOP lead in events follow that of Cataclysm; you will no longer be able to convert your inks 'down' from (now) cheap blackfallow ink.

I have re-worked the schedules of posts specifically for Scribes; because of this post http://wow.joystiq.com/2012/08/14/patch-5-0-4-releases-on-august-28/

Assuming Blizzard do not change the inks required; you need the following inks from most to least:
  • Ink of the sea (most)
  • Ethereal ink (many)
  • Lion's ink (some)
  • Midnight ink (some)
  • Jadefire ink (some)
  • Celestial ink (some)
  • Shimmering ink (theoretically some; but I have never needed to trade down for this ink)
  • Blackfallow ink (few; and definitely no rush)

From Kaliope's site, there is a new Scroll of Wisdom that you can make to learn new glyphs.

However, I would keep aside mats for the existing Minor Inscription Research(Moonglow ink) ; Northrend Inscription Research (Snowfall ink) and a few Books of Glyph Mastery; just in case.

Before MOP drops

Some glyphs will most likely be 'charred' during the transition to MOP - i.e. turned into vendor trash.  However, Blizzard stuffed up a few glyphs during the transition to cataclysm.  For several weeks I had the only remaining stockpiles of a Mage armor anywhere on the server - for both factions.

This more than made up for the glyphs that got charred.

Many of the old glyphs simply were turned into new glyphs.  We did not know what ones those would be ahead of time.  If I recall, I even gained some of the new glyphs from this transformation

Also; glyph making takes time.  When MOP drops, do you want to make glyphs or do you want to be levelling?

That is make your glyph stockpiles early.  There is no time like the present.

After MOP drops

At 570 you make the new BOE shoulder enchants.  You will want to be in this market; and it appears they use the new advanced ink.  These will be in huge demand.

According to Kaliope's current research, there  will be 20 points of grinding of Runescrolls of fortitude.  If this proves to be true; there will be a huge glut of them, and this glut will last a long long time.

Darkmoon cards can be made at some stage. The prices due to shoulder enchants also consuming rare inks not withstanding; it is worth considering the experience from the start of cataclysm.  These will not be able to be completed until the first darkmoon faire starts.

Off hands; Staffs will be wanted.

Both Gevlon and I recommended selling rare inks as soon as you got them.  We made a lot of gold that way.  Breevok instead made (incredibly expensive) darkmoon trinkets; and posted his trinkets almost as soon as the faire dropped.  He made more even more gold on these than Gevlon or I did on inks.

For darkmoon faire trinkets; what is your risk profile.  If you are a high roller, willing to risk it all for the chance of a fantastic return; then trinkets are for you.   If you are a conservative investor (and I am) then you may consider just selling inks.  Caveat Venditor.

Speculation:

Unless Blizzard changes the milling return rates; the new advanced ink will be very expensive due to the consumption via the shoulder enchants.  Every raider will be replacing shoulder gear regularly and will want these.

I think early trinkets will sell well; reversing my opinion on cataclysm.  However darkmoon trinkets are already subject to RNG; In Cataclysm, the numbers were roughly 32 cards to make your first deck; and then needing 9 cards to make each (8 card) deck after that.  (10 cards if you do not do trading).

23 August 2012

MOP Engineers (Pets)

Engineers; well you still are not designed as a gold grinder.  Enjoy your utility though.

Portable mailboxes, portable banks, teleporters are all things to keep you on the road for longer.  Temporary and flimsy crafted tanks can help with levelling - especially for clothies.

But the biggest thing for you this expansion is pet battles.  Love it or hate it; Blizzard are aiming for the next generation of players with them.  My high school child loves them.  My primary school child looks up to them with awe and will work them out.

I already have 'Dad - can you buy for me this pet?  What about this one?  And this one?'

Engineers - you can make pets;  On the topic fishing and archaeology are other very good sources for pets.

Look at your favourite recipe site (http://wow.crafterstome.com/recipes/engineering.html will do), look at the pets and find their sources.

Guns and triggers sell well.

Portable anvils (I could not see if they are bound in any way) will be very popular.  I have played the collect from mailbox; run to forge/anvil; run back again, and groan. I am not even a serious blacksmith or miner.

Blizzard really really wants engineers to also be gatherers; with a new pair of goggles to spot additional nodes herb/ore.  If you are an engineer with either of those two skills; get the new goggles sooner rather than later.

There are two new mounts; As speculation (because I was not in the mount market at the start of Cataclysm), I don't think that most mount collection will start until the collectors have several alts at lvl 90; but there probably will be a couple of wealthy collectors.

22 August 2012

MOP Addons

How will you survive when your addons break during the changeover?

One of them will break.  It will most likely be when either the initial patch launches, but might be when MOP is released.  It will be the addon you consider most important **. 

When do you want to learn how to live without addons?  Now, when you have time?  Or later when you are trying to level, your opposition is getting all the sales, and you can barely login?

You could practice living without them right now.

You could hop onto Beta (or PTR), and let your addon authors know of your joy or otherwise.  You could get involved in fixing or testing them.

You could be a small time supplier using the remote auction house. Note that you are limited to the number of auctions you can have up; and it is incredibly easy to use up all of your remote AH slots selling multiples of glyphs.


** Confirmation bias will back me up.  Those with important broken addons will find this post come MoP; those without errors won't even remember it.

21 August 2012

MOP Backup

If the blizzard updater fails; are you going to be locked out of WoW for a week while you have to re-download the entire client again?

This very nearly happened to me during the start of Cataclysm. My WoW installation became corrupt during the upgrade.

As a solution, I managed to copy the base WoW install from my son's computer, and only had to re-download some of the patch.  It took about 4 days to recover (during glyphmass - and some may know how much I like my glyphs), and once I got into WoW there were already too many things for me to do.

I can help you with Windows XP (yes, an old operating system; but better than Vista that was offered when I last bought PC's).

If you are on Windows XP; copy your c:\program files\World of Warcraft folder.
  • Take a copy now. 
  • Take another copy everytime you download a big patch
  • If you have access to another computer, put your copy on it and run WoW from there.
If you are running another operating system; do your research now not later when things have broken.

As an aside; the patches are huge and consume both quota and network capacity; if you have 2-3 players in the household; you only need to download the patches once and can copy the patches to other computers; it is much faster.

Ideally; you will have:
  • a current WoW installation you are using; 
  • a current backup on another hard drive
  • a slightly older backup (say for the previous patch) not currently connected to your pc.
  • have used a backup to restore WoW and continue playing it.

20 August 2012

MOP First weeks

Cataclysm is dying; We are now looking at getting those last tasks finished before MOP hits; those bosses (at whatever level of difficulty) down, achievements done; those unused alts and skills that leveled.  Those who are finished with their goals are AFK.


We are looking at the next patch.  There is a huge demand for information and speculation.  Anything I have written .  I have posted very intermittently and am still getting large numbers of hits.  New readers want to know about stockpiles, and what to do with skills.  I have a reading tracker on the bottom right of this page; and that doesn't include those who read entirely via RSS feeds or via sites like the undermine journal.


What I always intended to do; and am currently writing, is a series of posts about what to do for the first weeks of Mists.  I have already talked a bit about stockpiles, and they are important; but so is your plan for your first month.


Starting today, I have posts scheduled (1 per day for about a fortnight); for the dealing with the leadup to MOP, and the first weeks and months on:
  • Backups
  • Addons
  • Raiding firsts
  • Profession firsts
  • Cooks and anglers
  • Gathering
  • Tailors
  • Alchemists
  • Engineers
  • Jewelcrafting
  • Enchanting
  • Scribes (Inscription)
  • Leatherwork and Blacksmiths.
Some of the posts will contain the blessed obvious;  Other posts are bound to be controversial.  It will be most interesting when the posts that some consider obvious are exactly the same posts that others think are controversial.  My posts are a retrospective look at the end of Wrath and the start of Cataclysm




You will also read Kaliope's blog.  If it is not yet on your reading list, you are missing a crucial edge.  My advice will be historical; what worked and didn't for the start of Cataclysm.  Kaliope's is about what is going to happen.

The intention is for easy to write; useful posts and short (just like this one was going to be. Oh well.)

12 August 2012

Mild authenticator sync issues

While mostly AFK; I am still maintaining my wow account subscription.

With the recent security notice where blizzard recommended that you change your password, I decided to log back in and change mine.

I have an authenticator fob I got a couple of years ago, that is meant to last for 5 years.  However, my authenticator got out of sync (grumble).  It happens when the clock in your authenticator runs at a different speed to the clock at blizzard.

The game launcher gives the same message regardless of whether you have a password or authentication token number issue. However the battle.net website gives a different message for authentication token problems.

This has happened twice.  The first time; I had tried to search for an online resync tool.  I found one; it didn't work; and I locked myself entirely out of my account.  That only happened about 2 months ago.

A phone call to blizzard and in a reasonable amount of time; the tech support reset my authenticator.  Despite that there is meant to be a 5 year life on an authenticator; mine is only 18 months old; and the tech support suggested that I change it already.  Mmmm. Incidentally - those of us in Australia will often get priority phone support - Blizzard doesn't like our rates for keeping someone on hold.  (There really are times that those outside of the US get faster support.)

When I tried to change my password; I again had the same problem with authenticator synchronization.  This time I thought I would try to figure it out myself.  Again I went looking for the reset synchronisation tool; but this time I could not even find the page I found last time, so that failed.

But then I got thinking.  Authenticators work by two different machines, with two different - but meant to be accurate clocks, generating the same number with the same algorithm at the same time.

It can go screwy when one clock runs faster than another. In this instance; it is possible that the Blizzard clocks were 'slowed' by the addition of a leap second 30 June this year. As far as I know - authentication servers try to adjust their local clock to allow for the the tokens last use; but I have not been logging in much.

But what I tried worked.  Instead of entering the authenticator code as soon as it came up on my token, I typed the code in straight away; but waited until the token's code changed before hitting enter.  It worked and let me in.  My authenticator's clock was faster than the Blizzard server's clock.

This approach will only work if your authenticator is faster than the server.  If you have problems with your authenticator codes; it is worth trying.

I also set up my SMS alert at the same time; which will allow me to disable the authenticator should this error occur again.
 
Incidentally - if you re-use passwords (and you shouldn't but most do), then you should change the password for anything that re-used your blizzard one.  Especially if it is your email account's password. (No I wasn't that bad at least).

As a final note; I had *awful* problems with the Cataclysm installation when it came out, that were fixed by restoring from a second copy of WoW on another PC.  I will be writing about how I restored my Window XP installation.  I can theoretically tell others how to fix a Windows 7 installation (which will be similar), and might be able to work out a Mac or Wine install, but thing that it would be better if fellow bloggers wrote about how to back up and restore a their own operating system's WoW folders.

12 July 2012

An update and some shoutouts

As you may have guessed, I am not as active in WoW as I have been; I still have my annual pass to see out and will probably become more active in Mists of Pandaria.  Apart from a busy first life; there is another distraction; highlighted somewhere on the right hand side menus of this blog.

As those who have regularly raided with me; I happy when I am failing a lot.  However, my primary goals for this expansion have been met; I have defeated every boss in this expansion on normal; and the Dragon Soul on two different toons at two different levels of difficulty (LFR/Normal), and a heroic boss on the side.


I am not sure I am up to herding 9/24 cats through heroic mode. In first life I have been crazy cat man - with as many as 6 cats at one point.  From experience, herding 6 cats is easier than 10 players.

First shou-tout: If you don't have 8/8 DS normal or want more normal gear, and have at least 10K gold you are willing to bid on gear; send an in game mail to Jetfoo (one of the only Foo's on the server isn't me) asking for a spot on Friday nights. Every week they pug clear 8/8 25 man normal with the possibility of a Heroic boss or two (it's where I got mine).

That said, if you are interested in Heroic Dragon Soul, Friday and/or Saturday nights Australian Eastern time on Caelestrasz Alliance; let me know; either in game mail to Foofixit, or comment on this blog.  Toon prerequisite for a raid that I lead is 8/8 DS normal on the toon you want to bring (guild membership not required but available).  I like to fail better.  I am interested in running 'wipe-a-lot' raiding; smash heads on a heroic boss then move on to the next boss; possibly extending the odd raid.  If you need DS normal gear see the shout-out above.  If wiping bothers you, the raid I envisage is not the one you want. 
 
Alternatively if you are running Heroic DS and need a (all but) normal BIS holy priest healer or (slightly less geared) DK tank Foolich on Caelestrasz Alliance on Friday or Saturday nights, also let me know.  While I have DPS specs and reasonable DPS gear - mid 390's on both toons; I haven't seriously played DPS since Wrath heroics. 

Finally for those interested in glyphs, another shout-out.  This time to Faid for the glyph primer post.  Long time readers of this blog probably know the blogs he she points out, but go read it anyway.

12 June 2012

Bob wants a MoP stockpile



Bob (not his real name) had some questions about making gold with an eye to Mists of Pandaria, and managed to track me down while not playing WoW


I have not prettied up the spelling.  I find it hard enough to spell properly when writing a post, and it's even harder to do when typing instead of talking.

Please add your own advice for Bob as a comment.


Bob: Hi foo.
Bob: umm I'm looking to jump into auction house stuff with release of MoP
Bob: and I have read quite a bit of your blog and others
Foo: Cool.  :)
Bob: and have no idea where to start
Foo: Thats a start :)
Bob: blacksmithing
Bob: and enchanting
Bob: are the 2 main proffessions i have
Foo: Ok.  First of all - do you have 525 in those professions yet?
Bob: yes
Foo: Ok.  Do you have either TSM or auctioneer installed?
Bob: i have 525 mining and bs on 1 character and 525 enchanting and herbalism on another
Bob: auctioneer
Foo: Ok. First thing you need to learn is how to disenchant for a profit using auctioneer; and probably a spreadsheet.
Bob: okay
Foo: How much gold do you have at the moment?
Bob: 30k between all characters
Foo: Same server?  30K is a start.
Bob: umm not same server atm but is going to be because i switched and want to switch back
Foo: Regardless; its something to work with.
Bob: i like farming and have farmed up about 800 elementium ore as well in the last few days
Bob: but there is bugger all profit in elementium
Bob: hardened elementium yes but it sells very slow
Foo: Ok.  Sell it slow then.  Set up an alt  next to an AH.  Give it your elementium bars to sell - probably on a 48 hour auction.  Log on to him every day or two - collect mail and repost.  If he runs low - then craft more.
Foo: Next thing to look at is belt buckles.  Do they sell at a profit?  (some spreadsheet skills would come in handy).
Foo: Some servers - yes; others no.
Bob: mine yes and they are extremely highly priced atm
Bob: with bugger all on AH
Foo: Ok.  You have a blacksmith.  Fix that problem for buyers :)
Bob: do i do little undercuts or buy out the 21 that are there and repost at even higher prices or do i do the moral thing and do decent undercuts to gain a lot of profit but not be greedy like hte 21 or w.e that re there atm?
Foo: I dont like buying for resale.  If they are below your costs and you know they will sell is one thing.  speculative buying to relist (especially when you only have 30k) is a good way to lose gold.
Bob: okay
Bob: so small undercuts will still get me like 4x the cost to make them
Bob: or large undercuts pick a price i think is fair?
Bob: say 2x cost
Foo: try both.  Start of with smaller undercuts and see how it sells
Foo: If they sell - then its fine
Foo: If they don't then go for a larger undercut.
Bob: small undercuts post for 12hours or longer?
Foo: The smallest impact is 12 hour small undercut.
Foo: If you get immediately undercut you know you need to go harder.
Bob: okay
Bob: if it ends up i need to do large undercuts but then someone just keeps undercutting me what do i do if i want to own that market?
Bob: i assume post for no profit for a large period of time
Bob: until they go away?
Foo: Read the TL;DR summary of my last post : http://foo-wow.blogspot.com.au/2012/06/glyph-thresholds.html
Foo: It applies here too.
Foo: There is no *need* to own a market.  You may make more gold with an unofficial cartel.
Bob: okay
Bob: i have other motives other than gold for owning markets
Foo: Ok.  Then (A) hope that they don't mine.  and (B) sell for 50s above what you would get for selling raw mats.
Bob: i want to make the server like me lol
Bob: so
Bob: cheap prices
Bob: im restarting guild
Bob: and want some fame
Bob: as that really nice warrior blacksmith
Foo: You can't buy 'like' from decent players.
Bob: with the lovely guild haha
Foo: You can buy like from leeches that can't dance.
Bob: hmm
Bob: okay
Bob: ture
Bob: true*
Foo: For those you want to attract; they will see your belt buckles and your ore.  You can even put your selling alt in your main guild (though there are reasons not to)
Bob: okay 1 more thing. with the enormous amount of elementium ore i seem to be addicted to farming
Foo: You really want a JC in that mix
Foo: JC's can consume guild banks of ore without problems.
Foo: (profitably)
Bob: should i wait and use it in release of MoP to make cash, or use it to help level those early 525-5xx of bs
Bob: for my guildmates and myself
Foo: If you can - do both.
Bob: okay
Bob: well i plan to get about 2k
Bob: ore
Foo: 2k is not huge amounts.
Bob: no
Foo: Its a lot but not huge.
Bob: well if i can
Bob: i will fill my 4 32 slot mining bags
Bob: and inventory
Foo: 6 months in - elementium ore will be in very much demand.
Foo: Guild banks.  See if you can buy a couple and fill them.
Foo: Max your alts on your server; get all personal bank slots and fill them.
Foo: Put some bags - at least netherweave - bigger if you want on those toons.
Foo: (by max I mean 10 toons - not 10 85's)
Bob: so the demand for elementium ore will be larger at the very start of mists or 3 months in or 6 motnhs?
Bob: months*
Bob: do you thinkk
Foo: I don't know the answer to that.  My educated guess is that Pyreite ore will be in demand for the first week; demand for ore might fall off as players unload their stock.  Once everyone else has run out - that is the time to sell.
Bob: so post little amounts of pyrium and elementium all the time
Bob: and then really go hard once i see a decrease in the amount of people in market
Foo: First there should be no need to go hard.  For a longer term stockpile (like ore for levelling toons), wait untill you see very little ore on the AH.
Foo: But you are essentiall waiting for 2 things.  Stockpiles to run out; and new levelling toons.  This means you probably should not sell to the initial wave of pandas.  But should start to sell when you see guildies/friends levelling new toons rather than quiesting on their mains.
Bob: yeah
Bob: from what i can tell your theory is the more markets you dip your toe in, the more profit there is to be made
Foo: Yes.  There are good arguments *not* to level a new toon to 85 (or 90).  But any max level toon should have 2 professions that can be used to make gold.
Bob: one of my closest friends is a JC willing to prospect all the ore in the world for free. (I provide him with all the repair/flask and food/gearing gold I can)
Bob: should i use this to get gems
Foo: But you should still try to understand one profession at a time.
Bob: are gems more profitable in general?
Foo: It depends on your market and prices of gold; but as a rule the 'ore shuffle' of the day is very profitable
Foo: web search  'elementium ore shuffle'; You can replace elementium with any ore of your choice.  for any expansion including Mop when it gets here.
Bob: the shuffle is when you get alchemists and stuff to change gems into other gems and you craft some items and disenchant etc?
Bob: it's why JC is like the most flexible gold making proffession
Foo: Ok.  Shuffle is traditionally : Miner mines and posts on AH;  JC buys ore and prospects.  Crafts rings etc with cheap gems.  Sells any random blue item that is produced.  Sends rest of green items to enchanter for Disenchanting.  Cuts Rare gems and puts on AH.
Foo: Enchanter can then use mats in scrolls for extra profit.
Foo: Alchemist can transmute gems too.
Bob: hmm
Bob: so with my enchanter and miner and my friend as JC we could do that
Bob: for quite substantial gold
Foo: Yes.  Especially at the start of MoP when gems and enchants are needed.  There was a 'gold rush' at the start of Cata.  There should be at the start of MoP too.
Foo: Do not be afraid to mine your way to Lvl 90.  The one time that a gatherer makes more than a crafter is in the first week of a new expansion.
Bob: apparently the absolute fastest yo ucan level from 85-90 is 8 hours thats with addons to ignore all quest text and to accept quests by running near the quest givers
Bob: so i think mining to level
Bob: woul take a long time
Bob: would*
Foo: 1 mining node gives the same XP as killing 4 mobs in the same area.
Foo: Would it take longer than the fastest possible way?  sure.
Foo: Would it make more gold for a gatherer in the first week than they would see in a month ore more of mining at the end of an expansion?  Yes to that too.
Bob: okay seriously final thing. bars or ore
Foo: Yes.  one of them.  maybe even both.
Bob: haha
Bob: okay
Foo: Ore is usefull for everyone; but takes up space.
Foo: Ore is also a shortcut for levelling miners.
Bob: yeah
Foo: But bars take up less space and are usefull for Blacksmiths and Engineers.
Foo: Do 50/50 : that way you can be 1/2 right.
Bob: hmm
Bob: i like 30/70
Bob: bars/ore
Bob: bars are too limited
Bob: when i think about it
Foo: Simply by stockpiling now and selling later - you will be in front.
Bob: okay
Bob: the current belt buckles completel useless next expansion?
Foo: Only useless if you want a new belt.
Foo: (thats a clever donkey way of saying yes)
Bob: yeah i picked up on that lol
Foo: By the way - these questions are meaningful - and not just for you.  I am changing names to protect the guilty - but will be posting this conversation as a blog post.
Bob: i assumed you might =)

07 June 2012

Glyph thresholds

TL: DR; If you are determined to own the market at any price; sometimes you will only be able to own it at a very low price.   Sometimes you will make more when you mix it up.

Definitions for this post:
  • threshold is that price that you are willing to sell an item (glyph) (If you are not willing to sell at your threshold - then it is too low)
  • fallback is that price you want to sell an item (glyph)

These definitions apply regardless of the tool you use to post auctions and regardless of the numbers you put into those tools.


I will cope with 'my' market going below my threshold and hence being knocked out of it.  What gets me irritable is the constant sniping where other scribes are obviously prepared to sell for less but try to maintain an overpriced market.

So: I asked the other scribes where their thresholds are : That cheapest point where they are still willing to sell glyphs.  I did not however ask them personally.  People lie or simply do not really know what their threshold really is (and I am not- I used the AH for that.  The answer was that the fiercest of the competitors was prepared at the time to log out at 18g.

Since then they have reconsidered their positions and decided that they really can do glyphs for 15g.  That makes sense to me:  Even buying my herbs I price the most expensive glyphs around 6-8g each in mats; so 15g is double that.  For farmers (both the herb and inferno ink milling variety) that place zero value on their time or byproducts their 'cost' price is even lower.

Sometimes a competitor wants some (or all) of your market.  If you wish to 'own' a market at any cost; you will need a low threshold.  If you are willing to work for your threshold for longer than your competitor is; you can own it.  Nothing personal; the competition is simply working for their own interests to get the best they can for themselves.  In trying to own the market - for them - you are the competition doing the same thing.

Anyone can have a 'sale' below their long term threshold.  Sometimes the results of that sale can make you reconsider what your threshold should be.  Sales can drive competition out of business.  In WoW where players can have many alts with different skills, we can put a business section on ice, to be brought out when prices rise back to our real thresholds.

I showed the market that 14g 50s per glyph was achievable.  In turn it showed me that people's belief was that their thresholds are actually lower.  There are several players all scrambling to post glyphs at the 14g.

Names hidden to protect the guilty


Players can set their threshold wherever they like and can afford.  They can post as often or as rarely as suits them; I have little direct influence over their behaviour.

What I can influence is setting the price in such a way that maximises my total earnings. Failing that I can ensure that the heavily fought over glyphs that will be immediately undercut are below my threshold, so I they don't consume my time collecting unsold auctions.

I made more horde glyph profit in 24 hours by crashing the prices than I had in the previous month.  The market has decided that for the majority of glyphs the price really should be 14g.  I merely showed scribe the water; they chose to drink from it.

However, if you want prices to rise, you have to let them.  Yes you will miss out on a sale and will no longer 'own' the market.  Set your threshold closer to your fallback (i.e. where you want to sell glyphs); get it right and you will in turn make more gold.

By then raising the prices I again make more profit.  Apart from when I crashed the glyphs, this too represented more profit than I had for many days.

Profit at last

I got these prices by walking away from the market for 3 days, letting others work themselves into a frenzy to defend 'their' patches and forgetting (or not being able to) re-craft replacements. 


P.s. for those that are wondering - yes I am using my blog to talk to competitors.  However this conversation applies to most realms and factions.