Monday, January 17, 2011
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.
Friday, January 14, 2011
AH glyph experiment concluded
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).
Thursday, January 6, 2011
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!!"
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!!"
Friday, December 31, 2010
AH Glyph experiment
This week I tried to see if I could raise the average price of glyphs on my server.
On monday I was looking through the ah glyphs to see which ones were not on the ah and which ones only had like 1 or 2 posted at low prices so I could buy them out and re post higher. Then I saw this guy posting glyphs for 250 gold,and he was the only seller. I then thought "there's no way someone would buy a glyph for that much, the highest I've ever sold one for was like 125g" then it hit me. "they would buy it if all other glyphs were in the same price range, and if it was the only one on the ah" so I went through the ah and bought all glyphs that had 5 or less glyphs in it's market for under 50g, and re posted them in batches of 5 for 225g each, just to see if they would sell. And did they ever. When I checked my AH toon a couple of hours later to post gems I had over 6000 gold waiting for me in my mailbox, 90% of it was from glyphs. Then I checked my AH post and had about another 20 items that were sold but in que to pay me and more than half of them were glyphs that I had reposted at 225g and the other ones were at 50g and above.
I had a huge success on the first day of trying this that i repeated the process the next day and day after. I didn't make as much as I did the first time I did it but I was raising the prices of glyphs witch was my intended goal.
Then I thought it would be awesome to buy all the "of waves" cards to make the tsunami deck for my priest, that pretty much ended my glyph experiment. after I had the tsunami deck, and volcano deck (might as well get both right?) I was pretty broke and I could not afford to experiment with my gold until I had a safe nest egg to fall back on just in case.
A couple days after I stopped, glyph prices dropped back down to almost were they were before I started. It seems like they sell for a little more on average than they use to, but for all I know they will drop back down to were 100g is a lot for a glyph again. It seemed like my idea to try and raise the glyph prices was working, which I did not think it would. I thought as soon as I posted them at 225g each other people would undercut me by about 150g to 75g, and mine would be the only ones listed at above 200g. But that was not true, people would undercut me by the normal 1g, or 1 silver like I hoped they would.
I do plan on trying this experiment again but with a little more organization and planning. I supply roughly 20% of the glyphs in the glyph market, and sometimes 50% depending on the week, so I do have an influence over the prices on my server. I think If I check what the average glyph sells for for a week and then the average price after I try to raise the price again that might work. Also I need to have a huge stockpile of all glyphs.
On monday I was looking through the ah glyphs to see which ones were not on the ah and which ones only had like 1 or 2 posted at low prices so I could buy them out and re post higher. Then I saw this guy posting glyphs for 250 gold,and he was the only seller. I then thought "there's no way someone would buy a glyph for that much, the highest I've ever sold one for was like 125g" then it hit me. "they would buy it if all other glyphs were in the same price range, and if it was the only one on the ah" so I went through the ah and bought all glyphs that had 5 or less glyphs in it's market for under 50g, and re posted them in batches of 5 for 225g each, just to see if they would sell. And did they ever. When I checked my AH toon a couple of hours later to post gems I had over 6000 gold waiting for me in my mailbox, 90% of it was from glyphs. Then I checked my AH post and had about another 20 items that were sold but in que to pay me and more than half of them were glyphs that I had reposted at 225g and the other ones were at 50g and above.
I had a huge success on the first day of trying this that i repeated the process the next day and day after. I didn't make as much as I did the first time I did it but I was raising the prices of glyphs witch was my intended goal.
Then I thought it would be awesome to buy all the "of waves" cards to make the tsunami deck for my priest, that pretty much ended my glyph experiment. after I had the tsunami deck, and volcano deck (might as well get both right?) I was pretty broke and I could not afford to experiment with my gold until I had a safe nest egg to fall back on just in case.
A couple days after I stopped, glyph prices dropped back down to almost were they were before I started. It seems like they sell for a little more on average than they use to, but for all I know they will drop back down to were 100g is a lot for a glyph again. It seemed like my idea to try and raise the glyph prices was working, which I did not think it would. I thought as soon as I posted them at 225g each other people would undercut me by about 150g to 75g, and mine would be the only ones listed at above 200g. But that was not true, people would undercut me by the normal 1g, or 1 silver like I hoped they would.
I do plan on trying this experiment again but with a little more organization and planning. I supply roughly 20% of the glyphs in the glyph market, and sometimes 50% depending on the week, so I do have an influence over the prices on my server. I think If I check what the average glyph sells for for a week and then the average price after I try to raise the price again that might work. Also I need to have a huge stockpile of all glyphs.
Friday, December 24, 2010
Cata proffesions so far
Every since cata came out I've spent close to 100k gold, and I've made not nearly as much because instead of farming i decided to level professions, which was a good move :)
So far I have 3 maxed transmute spec alchemist maxed and 2 maxed JC's. Today when I did my 3 truegold cooldowns I got 2 1 procs. So instead of getting 3 truegolds I got 5, and sell each for 1300g, which is really nice. Also the only reason I have 2 jc's is because the only way to buy recipes is by doing the jc daily which you can only do once a day. so now every 3 days I get 2 recipe's instead of 1, and the way to make gold with jc is to sell as many different kinds of gems as possible.
So far I have 3 maxed transmute spec alchemist maxed and 2 maxed JC's. Today when I did my 3 truegold cooldowns I got 2 1 procs. So instead of getting 3 truegolds I got 5, and sell each for 1300g, which is really nice. Also the only reason I have 2 jc's is because the only way to buy recipes is by doing the jc daily which you can only do once a day. so now every 3 days I get 2 recipe's instead of 1, and the way to make gold with jc is to sell as many different kinds of gems as possible.
Monday, December 13, 2010
weekly data report 3
I haven't done one of these in a while, but here is a nice screen shot of the addon that tracks all of my gold.
(what are the chances, as soon as I took the pic someone flew through my toon)
Well it looks like from just selling green gems and glyphs I have been able to make 10k gold, and I spent about 20k leveling professions. I'm just excited to be able to sell a ton of stuff now like I did before the end of wrath.
Well it looks like from just selling green gems and glyphs I have been able to make 10k gold, and I spent about 20k leveling professions. I'm just excited to be able to sell a ton of stuff now like I did before the end of wrath.
Sunday, December 12, 2010
LV 85
So I tried to farm to make some off that insane gold that you can make at the start of an expansion, but it got really boring so I gave up. instead I spent about 20k leveling up my engineering and jewel crafting.
Man this is a lot shorter of a post than I wanted it to be, I have been selling green gems for over 100g and that's about it so far, I have been spending to much time questing to be playing the ah, and I still have to level my priest to 85, uhhhhh.
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