One of the strongest of techniques in making gold on the auction is "flipping the market."
Here is how it works.
When you're going through a list of items, especially with inscription or jewelcrafting, undercutting will bring items lower and lower. Sometimes the items become so low that it becomes beneficial to purchase all the items that are listed and relist them at a higher price. This resets the market to a more profitable level, as well as gives you a higher profit margin on someone else's materials.
The dreaded math:
Let's say you see six [Forceful Dream Emerald] at 10g a piece
Purchase all the [Forceful Dream Emerald] from the auction house.
Relist them at 125g a piece
It seems like a very simple technique. You sell one, you have made 60+ gold from the first item sold. The rest that you sell ends up being pure profit as well. Undercutting from other crafters and speculators will cut into your expected profits. When all of the items are sold you have made a steady profit with little work.
Now, there are some difficulties with this auction house technique. And it becomes very easy to get lost in purchasing and re-listing that you find yourself ending up with large amounts of unsellable crafted items. As the auction house returns to the previous low level quickly. Some suggests that will help keep you on the right side of the market flip.
- Know the market you're turning over: Certain markets will always sell low because there is a large amounts of competition. [Solid Sky Sapphire] is a very popular cut to list on the market. And with the large amount of blank sky sapphires available, many purchasers will pick up a few gem blanks and have someone cut the gem for them instead of purchasing them from the auction house.
- Resist the temptation to set too high of a market price: It can be very tempting to buy out a stock of cut gems at 5g and instantly list them at 250g. Sometimes this will work because even selling one at that price will profit you, the rest being extra over the top. But many of the markets will not hold onto that price and under cutters will come in and stomp all over your well laid plans. Leaving the market again at a low price and you will extra items that will not sell.
- Limit how many items you buy: Whenever I use this technique I limit myself to six or less. With inscription glyphs I would raise this limit to 10. The difference between glyphs and gems is that gems have a shelf life til the end expansion. More powerful gems will become available with the next expansion making these less valuable. With the inscription items carrying over to the next expansion you have a longer time for sales.
- You will probably lose money occasionally: Until you develop the understanding of the market, the odds are that you will lose money on some transactions. The no risk/no reward ideal is in full effect with this technique. Go slow and build your market muscles, it will benefit you in the long run
Want to get in contact with me? . Email me at Dragonbearjoe @ gmail. dOT com or find me on twitter at "@Dragonbearjoe" or leave a comment here. You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.
Past articles by Mommar:
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