As JMTC in snow bound camp Iowa starts to get into the Christmas spirit. The crew are drawn to the idea of pricing as it's found in the retail stores.
Most people don't search by who is listing an item. They look specifically for what is the cheapest they can get an item, and it's value to them. Whether it's a vanity pet or the sword of uber smackdown. Players want the biggest bang for their buck. Which is why undercutting of items becomes very popular.
But a shrewed gold goblin can determine exactly what pricing they are willing to go on an item. It's a very simple idea but has spectacular benefits. Determining your bare bones minimum profit point allows you to know exactly where you can price an item and still not lose gold. Then you can build your listing to exactly how much your server market is willing to pay for something.
Some items such as raw materials are more dependent on the ebb and flow of the server economy. Once one player starts to undercut for something like [Ghost Iron Ore] then there is a long line of players that will be undercutting to be the first ones to sell their items.
Individual in demand items can become much more important in the gold making arena. High quality items where there are only two or three of them on the Auction House can be manipulated more, keeping a closer line to your profit margin. Even listing a high sales item 10-20 times can net you a large amount of profit for just the 30 seconds or less of listing and relisting.
I have written the idea in stone that information is what determines your future Gold Goblin status. Being a rock star at pricing means to know exactly that breaking point where the economy will glance over your item and call it unbuyable. Or setting such a price that a player has to have it at exactly the cost that makes both you and them very happy with the purchase.
Good Luck and Good Hunting
Want to get in contact with me? . Email me at Dragonbearjoe @ gmail. dOT com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.
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