Data report week 1

I'm gonna restart my data reports to keep track on my progress.

Well As you can see from the screen shot I had a really good week. I made 150k and spent 160k, So I'm a little in the red, but that's because I spent so much of it on 3 epics, one for 25k, 16k, and 16k.  I fI have another week like this I should be back up to 100k. And I gotta say, gems and belt buckles are selling like hot cakes. Seriously I can't keep stock of either. I go through a couple of stacks of belt buckles every day, and I go through 5 of each gem I can make everyday. and I'm making huge profits on these so I'm making a ton.

AH glyph experiment concluded

Well my "experiment" has ended
I was trying to rise the average price of glyphs on my server, which I did.

mission accomplished

The screen shot above is about people in trade chat complaining about how high glyph prices are, and some one saying how they don't post any glyphs for more than 50g. I don't know why they don't post glyphs for more than 50 gold since they cost at least 55g to make. I just don't understand people sometimes. And yes I am making a killing buying glyphs for below material cost and re saleing them for 5 times what they are worth.

Any way I tried to raise the average prices of glyphs and I did. You see the person in trade said they are trying to keep the prices low and only selling for less than 50. Well When I started this 50 gold was about the max you could hope to sell a glyph for, even though they cost 55 gold to make. Now over half of the glyphs in the AH are posted for over 200 gold (/pats self on back).

AH Glyph experiment update

So I have been trying to raise the average prices of glyphs lately on my server by posting glyphs at around 200g each. They cost about 45g to make with the crazy herbs prices atm so I can afford to sell them cheaper, I just don't want too. I sell more glyphs than anyone else on my server, but I only supply about 20% of the total glyph market, so there are a lot of people posting small batches of glyphs.

Now the reason I tell you this is because in order to raise the prices, I have to have all the other people who post small batches to comply. So lets say for example there is no glyph of Rune Strike on the auction house. So I post 2-3 at 225g each. No I know I'm going to get under cut because there is no way I'm going to sell all 3 of them, and I don't need to. If I just sell one of them, that pays for the cost of making the other two plus profit. Now lets say some one else comes in a post 1 Glyph of Rune Strike at 224g99s. Now that is what I want to happen. Eventually I will have a post of all glyphs at 225g and mine will be the only one available, so when people under cut me the glyph price will only go down a silver or a couple of gold, which is ok because it will eventually go back to 225g.

Now this is what I don't want to happen. I post said glyph at 225g, then someone else comes by and post said glyph at 60g. They will still make a profit selling it at 60g, but they could have made a lot more by just undercutting me a couple of gold. Now I can always just go in and buy the one glyph for 60g and re post it for 225 and still make a big profit, which I do if I catch them in time. But sadly I just don't want to sit in front of the ah all day watching glyphs, so other people under that 60g and soon enough there will be 10 glyphs all under 60g, and I'm not going to buy them all out.

But since their are just a bunch of small batch posters on my server this doesn't happen all to often. Also the number 2 supplier on my server  undercuts me by 1s, which is awesome, and his Fall back price is about the same as mine.

I saw this advertisement in trade chat the other day that just made me smile
"Tired of paying over 200g for a glyph in today's inflated market? Well I have 100 various glyphs posted in the Auction House for under 50g. get them now before they run out!!"