- Always check the prices of items before buying or crafting. Sometimes buying a flask is better sometimes you'll find buying the herbs and crafting it is better, use knowing this to know if you should sell your herbs and buy your flasks or just craft. Always check, sometimes you may be supprised.
- Start small. Don't go in and buy 10,000 gold of items and test your luck by crafting and selling, just because an item is in the auction house does not mean it will sell, some items take days, weeks, even months to sell.
- Don't be afraid to take risks. This does not mean go out and pay 50,000 gold on a mount and try to resell it for 80,000. This means as your working your way up from small to big you may notice some items that appear worth it, keep in mind that you wont make gold fast selling herbs or cloth, you will eventually need to move up to mounts, pets, gear and larger things. Take that jump every once in a while, if it doesn't work out then you learned a lesson.
- Maybe not now but in a year it could be worth it? This goes both ways, in a year your items could be worthless like gear, materials and such. Or if you play your cards right things like mounts become valuable, a mount worth 20,000 gold now but you only make a 500 gold profit might be worth 30,000 gold next year. I have seen mounts very as much as 125,000 gold in the course of a year, that is a HUGE profit margin so don't rush out to use all your materials not to craft everything, consider how large the profit is now and maybe try it next expansion. Not all will fluctuate that much but remember as demand for items goes low, supply goes lower, eventually no one is crafting them and it will be worth making.
- Use addons. Although not required they are highly recommended, when you first start off you may be buying 1,000 gold in items that cost 50 silver, i know i did and buying listing mailbox buying listing mailbox took forever. Use an auction house addon, mailbox addon, vendor addon and what ever else you may need for your auction needs. Auction addons will allow you to place an item into the sell box and it automatically undercuts by a predefined amount of your choosing (i do undercut by 1 copper), so rather then search price and post and change all setting you can click item into sell box and post. Mailbox addons to auto retrieve all mail, no more clicking, 1 button open all! And an addon to sell junk to a vendor where as soon as you open the vendor there goes all grey items!
- Search for other auction house players. You will notice a lot you will find one person whos posting gems, enchants, pets, mounts, ore, herbs, flasks, etc etc etc and their not farming it all, chances are they are playing the auction house also. This can be good or bad so be cautious, you can either A.) sell similar items and undercut them by a small amount, however it is their market so they will fight back and undercut you, chances are they have more gold to do so with as well. Or B.) Find like items to sell, recognize that they dominate that market, let them and look for another item that you can dominate. Option A has a higher payoff if successful, however option B has less risk involved.
Thursday, January 2, 2014
Auction house tips
Videos on youtube listing easy gold in 15 minuets, how i made 50,000 gold per hour, what to buy and sell in the auction house. Yes they work for those people and they work for other but they may not work for you. This will help give you an idea of what is worth selling in the auction house if anything is worth selling, some servers are amazing for this some or very bad for this.
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