Guest Post By Aliciana from Adventures in Warcraft
|Image Credit: Nerf Faids|
The easiest way to begin to define your niche is to start with whatever professions you are leveling. What materials do you gather or what items do you craft that are consistently in high demand? Are there any other uses for a particular crafted item? You may also want to look at items that drop consistently while you are questing? Once you have the above figured out, then you can begin to build up your base inventory which consists of staple items that sell consistently at a guaranteed price point over the long term.
- What = flasks and potion
- Who = players who are running instances and raiding.
- Why = the flasks provide useful buffs that increase their stats.
- When = what nights are the most popular raid nights on your server?
- Knows the market value of materials and when to stock up on underpriced materials.
- Is familiar with all the items in their chosen niche(s) and are able to immediately recognize, snatch up, and relist items that are listed for way under market value.
- Knows the best times and prices to purchase needed materials and to list items
- Knows the best price points at which to list their items for a quick sale
- Knows any alternate use of every item within their niche market (ie: required to craft other items, needed to complete quests and achievements, etc.)
- Anticipates the current and future needs of their target market by monitoring any related patch changes such as drop rates, new recipes, new items, stat changes, etc.
- Knows how to recognize fads and trends and when to move on to another market
So what niches could you master?
Bio: Aliciana (better known as Ali by her friends) plays World of Warcraft on the Malfurion, Kael’thas, and Cenarius servers (US) and is a member of the guild NoRestFortheWicked. She is also a blogger who enjoys writing about her Adventures in Warcraft and sharing tips, tricks, and discoveries that feed her WOW addiction.