Rounding out my profession overview series is inscription. New expansion, new material costs, new methods. This will be my N'th entry on how the glyph market works because it's needed as there's so much to cover. A lot may have changed with the glyph market, but a lot has still stayed the same. First I'll go over the pros and cons of working glyphs in today's market.
Pros: - High rate of sales - Very high income potential - Low amount of major competitors
Cons: - Management and milling is very time intensive - Requires a dedicated banker with 4 inscription bags - Can be very difficult to stokpile - Campers will be a serious problem
Best sellers: Glyphs requiring ink of the sea and Ethereal ink
That being said, here's one more alluring tidbit: they can sell for 150g each dozens at a time. That itself was more than enough of a push for me to look into glyphs once again. Ok so here's what you need to know. Instead of buying the max level herbs and trading them down, you need to buy them on a case by case basis. So you'll have to buy certain herbs to make lions ink, certain ones for shimmering, etc. Shamelessly stealing from the consortium forums here's the list of what gives what. You can read the original post here.
Let's start with [Jadefire Ink]. To get this, here are the herbs to mill in order of best to worst.
Also here's a pair of nifty macros to use to make milling faster. I use 2 because of the 255 character limit in the interface. Just put them onto a second action bar and you click once and it mills whatever herbs you have. The only catch is if you have a non multiple of 5 stack you'll get an error so you'll have to throw them into the bank.
Now that you know what herbs you need to buy and mill, here's how you can go about setting up your ZA for glyphs. There are two ways that you can go about your thresholds. One is to put all your glyphs into the same group with the same threshold for every glyph regardless of what ink it needs. This is far less time consuming than the alternative and can save you a head ache or two but it can easily lose you a good amount of gold by not paying attention to market prices close enough. You can also miss out on glyph markets that need one type of ink when the associated herbs are always above your buying price.
If you go with this method, you'll have to buy all of the different herbs at the same price to ensure that you don't lose money. If you decide to raise a threshold or lower it for one set, things can get very complicated. This method lends itself very well to servers where supply is typically low but stable.
The other way is by creating a separate group for every type of ink that gets used. Such as a group named "the sea glyphs" and another called "jade fire glyphs." This method gives you the most flexibility in shuffling around your buying and selling thresholds. This way if the price of outlands level herbs are up for a while you can raise the sell price of those specific glyphs that use ethereal ink to be sure you don't lose gold and not effect all of the other glyphs that you're selling. This is the preferred method for servers with a large supply of herbs with rapidly changing prices or just a very unstable rate of supply. The main issue here is that this requires a lot of time and effort to set up and maintain but does give you the absolute max amount of possible profit.
Lastly don't forget to add the uncommon inks that you craft to their own ZA section. Personally I set their fall back at 5g with the threshold at 1g. Then if they haven't sold after a few days I just vendor them. They sell slowly but are worth having a pair of stacks to keep about for people wanting to make low level decks for darkmoon rep and snowfalls are sold in droves for NR research.
Myself, I use the first grouping method as finding old world herbs for under 4g each is a miracle, let alone getting them for a decent price at all. I buy any herbs that I can find at 1.8g/each and below and set my threshold for all glyphs to be sold at no less than 30g. That way with the average amount of inks I get per stack of herbs I'll make at least a couple gold or so after the AH cut. Just as before, I list them for 48 hour auctions with a 6g undercut to drop prices and clear people out. I check them only once a day for a cancel post and I craft new ones every other day. Right now with the limited supply of herbs I only use stack sizes of 3, but if I had a good supply I would be listing them 5 at a time.
Random note for those starting up the glyph business. For some reason I've "unlearned" a few glyphs when they changed everything with cata. I had to use a glyph book to learn glyph of vanish again. I also had to do northrend research again to learn a few others that I've managed to "forget" somehow.
An important thing to point out when working glyphs is that in the ZA setting for them you'll want to have "Override auto fall back" selected and enabled. What this does is if you try to list a glyph and the current lowest listing is under your threshold it will post it at your fallback price instead of undercutting them. This is primarily in the interest of bag space and to reduce the number of trips to the mail box and the bank.
Ok that basically covers it. If you read my business reports lately you'll see that glyphs are indeed a very profitable market to be in even if you limit yourself to only a few types of inks. The real key to the glyph racket is organization. You have to be on top of what materials you own and have to buy, what glyphs you need to craft, have your addOns situated etc. And of course, you absolutely must have a system otherwise you'll be spending far too much time working and not enough time selling. Remember, work smarter not harder.
This blog is about discovering all of the ways to make money in Rift. There are no cheats, hacks, or exploits used in any of my methods.
After amassing a 2 million gold fortune in wow I decided to come over to Rift and see how well I can do there. It is my belief that the game does not matter as much as the methods used and mine have already been proven to work and work well.