I have some friends and guildies that also work the AH. We focus on different markets and work the AH at different times. I have one set up to snatch a few items for me because he is on a totally different schedule than I am. He just sends it COD to me at a set price.
Any time that item dips lower than my price he will make a profit on selling it to me. These are items that I buy like mad so having a 2nd person buying for me can only help. It also keeps it out of everyone elses hands.
Telburn just dropped a hot tip as a comment to one of my posts.
Inscription bags are a hot item at the moment. If you have some leather sitting on your leatherworker make up a batch of these. Normally inscription bags sell for less than the mats (the 2-3 times I ever looked at them) because they are a skill up item.
With the new guide posted on MMO-Champions, people are picking these up to jump start inscription. Remember the names of these people that buy 2-4 at a time from you. Add them to your friends list now. They are either the main or alt of one of the new players on your server.
It looks like we should be expecting a rush of new players to the glyph market soon. The Greedy Goblin gave some step by step screen shots that produced a few. Not it looks like mmo-champion just released a guide. This new guide will reach a much larger group of people that will understand it less.
The think this new group of people are going to focus on are how much they made the first day and how fast they sold glyphs. If you can poison those things from the start they will not last long at all.
If someone jumps into the market and has a huge day the first day, it will stick with them for a long time. That is what drives them to stick it out when the market turns down. Looking at the results I had before, I would last weeks on break even profits and not think twice about it.
If they shoot for full coverage of all glyphs, they will get several sales that first hour. That is so exciting. The higher the buy out the more the excitement. Nothing better than looking at big sales before you even log out.
How do you poison those experiences? Help the good glyphs crash and deep undercut them when you see a new name post on them. Then reset the crappy glyphs that you can.
First impressions matter. What they see in the market this first time will last. If you crash the good glyphs, they will think they are worthless. If you reset the crap ones, they will be so excited to list some so high and they will curse the market when they fall back down.
I had a few leveling glyphs sell at fall back prices when I first got started and I got very attached to them. It took me a while to break out of thinking they were some how worth more than the others.
I am sitting good on my server. Competition is already fierce so it is a great time for them to come and play. My ideas are all theory craft and I don’t plan on trying any of them. But it was interesting to think about.
Update: I wrote this before the guide was out but now that I see its up I have a few comments.
That threshold is way to high for my server. Even the lower one to drive out competition is not low enough to drive out competition on my server. I’m going to treat these guys just like all the other noobs that get QA for the first time.
I expect the market to dip a little for a few days and then back to normal for me. Good luck on your server.
For the first time in a long time there were only 2471 glyphs on the AH after I finished posting. This was hovering in the 5000 range for a long time. I have 995 of them on the AH. So that puts 40% of them as my glyphs. Whats even stranger is that I raised my threshold up a gold this week so I posted less than I usually do.
I started buying herbs again because my stock of ink is getting low. The market felt a little dry but I was still able to pick up enough herbs at the prices I like.
Normally I don’t even log into wow the morning of server maintenance. They even told us it was more than a server reset. So I did a full posting of glyphs. I am writing this post as I check things. Because the server is still up my sales for glyphs are still rolling in. From midnight last night to now I have 669G in glyph sales.
Looking at my usual buys found me 27 stacks of herbs under market value. A new farmer (I hope) sent me 24 stacks of herbs COD. Tankard of terror almost fall off the AH. All the auctions that were up had expired during the night. So I flooded the market with what I had. I did over price them but just having a large number on the ah is what I was going for.
Thanks for the hot tip over at JMTC. These things are a limited time item thats BOE and ilvl 226. At the moment the market is flooded with these things. I am able to pick them up very cheap in trade.
This is my next big investment. I’ll give an update on how many I have once I end my buying spree.
To crash the glyph market is to drive the price down so low that nobody wants to work the market. There are 2 ways to normaly do this. Post everything at a set price or deep undercutting. The lower you can go the better your results will be. But is its important that you must be getting your mats cheaper then your competition.
If your set price is dirt cheap and most glyphs sell for huge mark up, you will find your competition buying out to relist. I never do it this way. You would need to camp the AH and quickly replace any that got sold. This way only realy works if they undercut you or you have 100% uptime and prevent them from getting sales. I find that hard to do for any normal player.
The other way is deep undercuts. If your competition reposts several times a day, this will work wonders. If you undercut 1G every time you post, then the harder the two of you work then the faster the prices fall. If you post 5 times a day at 1G undercut, after 10 days even the most profitable glyph is dirt cheap.
If you are willing to crash the market, you need to be willing to survive of minimal profits. I would not post at a loss but I can go very low. This is why you need dirt cheap mats. If you move the market down to where profit is minimal, then the lower you can drive your costs the better. So be very careful if you go after someone that already controls the market.
Most of the time I do not crash the market. Someone else does that for me and I have more reserves and cheaper ink than any of them. I do run with a high undercut so when competition pickes up, it naturaly lowers the price for me.
One thing I used to do was stash all my gold in my bank alts guild bank. Every time I would pass a mail box on any one of my characters, I would send all but 100G to my bank alt. Every time I was on my bank alt, I would put all but 100G of his in the guild bank.
I was making gold at a fairly good rate like most people and like most people I was spending it just as fast. Getting that gold out of sight and out of mind slowed down how fast I spent it. It also limited how much I would spend at a time. Any major purchase would require me to relog onto my banker and withdraw the gold.
Once I started saving it away I also put goals on that gold. If I knew I was saving for a Nobles deck and needed 7,000G (at the time), I would have to think about that when I pulled the gold from that account. In the long run I spent less and reached my goal faster.
Now that I move lots of gold I do keep more gold on a few of my characters. I need quick gold to make bulk purchases some times. Those chars that buy stuff have about 2k gold on them. My main now keeps about 10K on him incase I want to buy loot from someone in a raid. Everyone else sits under 300-400G when I log them off.
Sometimes Skillet will not refresh the buy list when you visit a vendor. So it will re buy all the same mats it picked up the first time. Most of the time it is stuff you need, but you still have to manage it in your inventory.
If you mouse over the vendor buy button, it will pop up with the items it will buy. You should have a good idea if its close or way off. If you just purchased all but 10% of your items and you have to make a second trip. Pay close attention to that tool tip. If the full mat list is still there, it will buy the stuff you already got. It will do it in the same order as it did before.
So if you run out of gold, bag space, or what ever else and it does not finish. Take a second look at that tool tip for the next purchase.
Here is what I do to refresh it. Open up the skillet shopping list then mouse over it. If that window is open then the tool tip will refresh for me and the purchase will be correct.
I do appreciate all the readers I have picked up from the start of the blog. I just wanted to remind everyone that this is my view of the market and ideas that I have tried. The way I work glyphs is my way. It may not be the best way or the perfect way, but it is how I do it. I do know I do some things different.
I am getting to that point where I may be reaching out to other markets. Markets where I don’t have much experience. I am confident in my glyphs because I have solid results. When I started this blog, I talked about the ideas that worked and the ones that failed as I got into glyphs. I expect that I will make the same noob mistakes that many other people make in those new markets. In the end I will figure it out or walk away.
I mention that now because I may have some great ideas coming up on paper that sound very solid but are doomed to fail. So don’t mistake the number of visitors that I have to indicate I know what I am talking about. Use your own judgement.
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