Guest post by Stede from Venture, LLT
I’ve been promising my readers a guide for nearly two weeks. During that time, I’ve been posting on topics that have finally culminated in what I hope will become a worthwhile resource for the community. Enjoy.
Part I – Preliminaries
Part II – Theory
Part III – Execution
Part IV – Wrapping Up
There are a few things that you can do to keep prices low when you're ready to buy, and high when you're not. Posting walls of single items, leaving the lowest priced auction alone, and baiting are things that you can do to drive prices lower - when you're ready to buy. Thwarting these when you see them, is a good way to keep prices high - when you're not ready to buy (why should your competition have access to cheap materials?) For a more in-depth discussion of manipulating the prices of materials, check out this blog post.
- Weekends. Lots of people play alts on the weekend. That doesn’t necessarily mean they farm more, but it often means they level professions more. Make sure your stock of raw gems, particularly Nightstone & Hessonite, is enough to get you through.
- Size matters. Stack size is a huge influence on your auctions selling. Sell your uncommon raw gems in stacks of 3. Sell your Hypnotic Dust in stacks of 10, and your Greater Celestial Essences in stack of 5. For these enchanting materials, don’t undercut the lowest auction. These move fast enough to simply undercut the lowest wall (something bigger than your stack size) and still sell, but at an increased profit.
- Compression. Cut gems take up a lot of bag space. Be aware of your storage situation when you cut gems. I personally post 4 of each rare cut I have at a time, and I try to keep another 4 of each in my bank toon’s bags. I can always repost a full cycle immediately after checking my auctions and can top off a little later.
- Barking. If you’re selling top-crafted jewelry, barking is essential. Most players do not know much, if anything, about craftable jewelry. You have to tell them. Keep your barks concise, use item links correctly, and don’t bark your price – it will only catch the eye of opportunistic competitors. People who are truly interested will either whisper you or check the Auction House themselves. Cold has a quality guide about barking posted here on this blog.