How to Make Gold in World of Warcraft - Too Many Auctioneers
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I'll keep the author for this email annonymous, but I think the question he asks is on the minds of many of you:
Hey its me again, I still don't have my duel monitor thing due to that i think i lost my user's manual but thats ok. Anyways i'm here to request a post or maybe just some help in this particular area. I told you a while ago that I transfered with my guild to a new server. I am now under the belief that around half of the current population uses auctioneer or other addons to similar effect. I was talking in trade just messing around and a bunch of other people joined in. Around 3/4 of them had the word "bank" in their name and i've seen plenty of other level 1 alts sitting in major cities. I've tried finding niches with blacksmithing and my lowbie tailoring but they only seem to work for around 3 days max. What i'm wondering is if you could have a blog post or just email me back with advice on how to make money with several other people using auctioneer or similar strategies of your blog.(ex: stoneguard rings)
I have several things to say in response to this question, but let's start with the first thing I read and found interesting: "They only seem to work for around 3 days max." Why is this? Did someone mass undercut you and ruin the market? Or was it just that time of the week and there was too much competition? Remember that wow runs on a weekly cycle and prices go up and down depending on the number of players on as well as the number wanting your goods at any one time. Don't just give up on a profitable market if you have a bad couple of days, because odds are the prices will come back up the same time the following week.
Now for your main question, yes there is a way to make gold with lots of people in your market, though you will make less obviously than if you were the sole provider. To beat your competition you have to time your selling and work as hard as possible to get your mats cheaper than everyone else. Think walmart: quality + low prices. Get farmers, cut deals, and do whatever it takes to be the cheapest provider of the mats you are fighting over. Next, sell your items when you have the best chance of attracting buyers and in small quantities. Pick prime times, toss up 1-5% of the total items on the ah at that time and resupply if they sell.
Leave your thoughts! There are many other ways to compete, such as collaborating with your competition and striking deals.
Markco writes daily for Justmytwocopper.blogspot.com and enjoys making thousands of gold each day in world of warcraft.
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