Every so often as I'm looking at a market I get a wild idea to try something. But first I must preface this with a conversation I had with a fellow gold goblin on my home server. One day I was listing some Jewelcrafting items up and noticed that someone had started a couple of the more popular gems at the astronomical price of 750g a piece. Now I'm not a huge fan of going for the home run ball in this way but I figured I would give it a try and take a look at what happened.
Later that day as I was doing some market cleanup and collecting gold I saw one of my gems had sold. This surprised me a lot because why would someone want to pay 750g for a gem when they can get a black for 125g and offer a 25g tip. Was someone's time worth that much that they would pay 4 times what the gem was worth?
So back to the story at hand. I wanted to take my idea of Zero Point Investment to an extreme and see just how much I could squeeze out of a couple of markets. The Ghost iron bar market had been pretty light even with the opening of the thunderforge. The curve had not kicked in from players stocking up on cheap ore previous to the patch. Combine that with ore itself still not at an extremely expensive level bars just were not selling as much as they probably should. So I went ahead and purchased all of the bars on the market at that time for a reasonable amount, then flipped them all at 3 times the amount. I fully expected to just eat the Auction house cost and go my merry way.
But after my normal 12 hour listing I went back to my mailbox and watched 3 of the lots had sold at this extreme amount. This more than paid for the investment in the bars themselves, plus a decent profit. Now I probably shouldn't be surprised at one of my ideas actually being profitable. It was a whim to put the bars up for that price and gain a profit.
So when you see a weak market as your looking at your local auction house, take a chance and throw an incredible number out there and see who is fishing in your waters. This doesn't mean go for the million dollar gold bar, but listing a flip at 3-4 times the amount you paid for can net you some interesting reactions. And some extra gold in your pocket.
P.S. Hoppy Easter Weekend
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.
Prepping For the Death Of PVP
Patience is a Virtue.
I Choose You....: Reputation Choices
Thunderforge Ready for Business
Determine Value: Spirits of Harmony
Hearthstone: The New Wow Killer?
What Days Do You Sell?
Taking Advantage of The Market
The Inportance of being Hot(fixes)
Don't Fret Young Farmer
Patch 5.2: First Take
Do you Own Your Tree?
There’s a lot of information to sort through when bidding, buying, or posting items on the auction house. In fact it’s too much for any one ...
PCT means percentage or percentage market value for an item. After you have scanned with auctioneer enough you will have an accurate PCT for...
Of all my posts at Just My Two Copper , I think that this farming spot is going to excite my hunter readers the most. In this article I am ...
You mentioned the old essences selling pretty well, undeath being one of the big ones (8g 45s a piece on emerald dream). Well Zul'Mashar...
Hey Markco, Just wanted to tell you another gold tip. With patch 3.1 the JC pattern Citrine Ring Of Rapid Healing no longer requires 2 elem...
Don't forget to pick up the best farming trinket in the game. 1. Fire Revenants of Stormpeaks Eternal fires remain the most expens...
This post was submitted by Alisha as her application to write here at JMTC. If you enjoyed Alisha's post then please give her a thumbs u...
Mommar here. For anyone that leveled a jewelcrafter during Mists of Pandaria they are very familiar with obtaining patterns for blue le...
I requested the following information from Cithan, who had commented anonymously about the subject of speeding up auctioneer scans. His emai...
I've been emailed quite a bit recently with questions about auctioneer's handy little tool: Bean Counter. Today's post is meant...