Sunday, March 20, 2011

My Specifics


NOTE: I have officially been (re) inducted into the warcraft econ hall of fame. You can check out their interview with me here.

I get a lot of people asking me either in email (address is over yonder -->) or by rolling a lvl 1 on my server to chat. So today I'll answer, at least in part, these questions with a bit more detail than I typically give. After all it's hard to give the same 3 paragraph answer to the same question multiple times. That and wow needs a spell checker because my typing is fail.


Q: How much do you actually stokpile, Stokpile? (In reference to obscure materials)

A: Absolutely all of them. And unless I'm flooding the bags of the associated crafter I don't stop buying anything that's in my price range. If I won't pay more than 10g for something and I see a stack up for 9g 99s 99c I'm going to buy it. If you want a really good explanation of how much I stokpile, read the entry with the obvious title How much to stokpile.


Q: How often and/or when do you post auctions?

A: First my preferred times to do a cancel/post on all of my bankers is at 11am and 11pm server time. I catch most of the afternoon and post raid crowds at these times so I try to hit them when I can, but I'm not always able to due to work and sleep and binge drinking. That being said, I like to change them up to something completely random as much as I'm able to while still being in the general time frame. Hell sometimes I only list once a day, life can be funny that way sometimes.

Also if I happen to have 5 minutes to kill, I'll hop onto a totally random banker and do a cancel/post on them. Sometimes I'll just post the spares that I have in the bag and not cancel anything. If I'm doing heroics as DPS I'll cancel and post while I wait for the que to come up as well. Basically if there's a time frame where I have nothing pressing to do and have no work that I can accomplish in those few minutes I'll post some auctions.

Like an old store manager once told me while I was working at a deli when I was 19, "If you've got time to lean you've got time to clean." In other words if you have the time to pretend to look awesome and idle in front of the bank, you've got time to do some auctions. Wasted time is wasted money.


Q: ...comparing my AH methods to my RL personality.

A: Ok not really a question I get asked often, but worth while to include. I've spoken briefly before about personality types and how they effect your AH game. When you're able to identify these things on a conscious level you can work to strengthen them if they're helpful or lessen/remove them if they are not.

And by "on a conscious level" I mean that you can actually say it out loud and not feel silly because you are fully aware that it is fact. IRL I spend my dollars mostly the same as I spend my gold, wisely. If I don't need something then I don't get it unless I'm quite well off at the time. If a good amount of money happens to come in I'll treat myself to going out to a fancy sushi restaurant. The same goes for mechano hogs and vial of the sands for two toons. For the AH I try to price things at a reasonable level while still trying to get as much profit as I can both in game and irl.


Q: How much you make on an average day from (market name)?

A: I can't really give any exact figures because I only tally things up once a week. But I can give a rough estimate for a few markets. For gems I make about 10-16k per day. It depends on the competition campers and the day of the week. Enchanting makes 8-12 a day when combined with smithing which might be 1-3k per day extra. Smithing mostly depends on if I sell any pvp gear that day. Engineering gets me a bit under 1k per day with the occasional 4k day when a lot of mini pets happen to sell.


Q: What were things like when you first started playing the AH game?

A: I started working the AH with about 5k in gold and a handful of raw gems in my bank. At the beginning it was mostly selling cut rare gems in wrath as my first serious market. I had a lot of the cuts already from the dailys so I'd just buy some ore to prospect or cheap gems and cut them. I was a casual seller for a long time until I had all of the expensive boe tank gear I was saving for. Then I got into glyphs after reading gevlon's blog on the inscription business and it was all downhill from there. I got into enchanting and BS and next and then that led to branching out into everything I am into today one after another.


That should cover most of the common questions that I get asked. If there's any other random factoids you're curious about just post a comment and I'll do my best to answer them.

Thanks for stopping by!

Thursday, March 17, 2011

Vicious


Today's post is about being an absolutely ruthless shark on the AH. What I write about today I only do when somebody is really on my nerves or is trying to muscle their way into an important market of mine. It happens the most with gems because ever since wrath everybody and their mother seems to have a JC. It happens daily with glyphs but I stopped caring about that bit once you couldn't trade IotS down. But more importantly it's about the fact that you MUST care about your competition.

Let me be clear though, I am not advocating running around being a dick to everyone that wants to sell 5 gems a week to cover repairs. I'm talking about goblin against goblin. Serious competitors that are trying to run you out of your own markets and not some random dude trying to make some quick coin. If your MO is to ensure that absolutely nobody but you can make gold on the AH then stop reading please.

This is about business, it's not about getting personal. You may not like your customers, but they are your customers none the less so you have to respect them. The dude working in a diamond mine being whipped so he works faster helped put that ring on your wife's finger. The guy that spends a weekend flying in circles around Uldum put your bank account to what it is.

And don't forget that you have to let some people make gold on the AH or they won't be sending any your way. After all, how can they afford your awesome purple shiny if they can't sell anything in the first place? Defend your markets but don't try and make them unusable for the casual seller. They're just as important to the economy as you are. That being said, lets move right along.


First here's a quick tip I thought was both hysterical and greatly practical from a commenter.

Crusard said...

"I have another, slightly more aggressive, way to monitor competition. If I see a someone undercutting me often I have a macro I use to "annoy" them (it is a full block of {x} symbols) till they put me on ignore. Then I can see them and they can't see me. This will not net you any sales but it will make your presence undetectable by your competition (at least your online status)."


Some people only care about their time and their profits when they work the AH. If this is your primary concern as well, then you have failed! You absolutely MUST consider your competitions profits, supply, habits, etc. Your fun comes from collecting gold from the mail and what everyone else does has a direct effect on that. I want to make as much gold as possible and especially in as many different ways as possible. I love exploring new markets and new niches and when I find one that's out of the ordinary I'll defend it to my last copper so I can keep having fun with it.

I am very willing and capable to undercut you by 50g per gem even if that puts me down to material prices and below. I don't care, this is my house, this is my market. And you, You're only visiting.

One thing that I do is I always cancel my auctions before I relist more. I do this to hide the stokpile of goods that I have so that some people are a bit more likely to invest a good chunk of their gold into it. Then I'll stop canceling and just list more gems. And more and more and more! I'll keep listing for 48 hour periods until I have two full pages worth of the same gem up. I know you're thinking right now "But Stok, won't you lose a ton on deposits?" Of course I will, but I don't care because I can afford it. The point here is not making money per sé, but to ensure that I can continue making the same profits later on.

Think about it. If you saw that somebody was willing to list 20 of every gem even down to -your- material costs what would you be thinking? The message that you're trying to convey here is that you have a mass amount of things that you can sell in many different markets and don't care if you lose money. I don't care if I lose money not because I can afford it, but because I want to ensure that you make zero.

And once you list close to or at material costs I'll buy up every last thing that you have leaving you with even less gold than you started with. This leaves a very bad taste in the mouths of the competition and makes them far less likely to try and move in on another market that you own.

When you lose thousands, hell even hundreds of gold in a single market you're not very likely to risk that again. Unless you're swimming in gold and can afford it. Suffice to say when somebody tries to take over one of my markets profit becomes a non-issue. Any other day making gold is my bottom line goal, but now it's no longer about the money.

It's territory.

Yes the AH is mostly about being clever and resourceful, but it is just as much about standing your ground. Are gems making you a killing each week? Don't give them up! Don't let anybody take over a single gem cut that you can do! Take no prisoners! And above all else, do not make a deal to "share" the market because it's only a matter of time before they go back on their word. They may be reasonable, they may be just like you. But when money is involved, real or otherwise, it changes people.

People can bitch all they want about high prices but they'll never sell a flask for 50% of the material costs "just to be a nice guy." And just the same people can piss and moan all day about being undercut by 200g. That doesn't stop them from buying the cheapest thing they can find even when it's because "some asshole" undercut "some nice cool guy eh" by 200.

Fact.

So what's the lesson to be learned here? Don't let somebody take over just to "be a cool nice dude." That's going to cut your income in half. And if you only want enough to be independent then you probably wouldn't be reading this in the first place, that's not who I'm writing this for. If you share the market and do not stand your ground when serious competition shows up you're not going to get to the gold cap until level 100.


Thanks for stopping by!

Wednesday, March 16, 2011

My Crew


Short-ish entry today just for fun today. A lot of gold bloggers out there like to make a post about who their toons are and what professions they have access to. Meanwhile the most I have said is I love my DK and when it comes to professions I just say "all of them." So today I'll give you all a quick once over of who I have running what.

The bankers


Stokpile:
The orc, the myth, the legend himself. He was actually made to reference my original banker named "I look Gross" on my first server that I played on. He handles all of the gems, LW goods, and any random things I come across that need to be sold like world drop boe's. I spent a good 50k on assorted "worthless" vanity items when I hit my first gold cap. I did that just for the hell of it and to get a good laugh on being able to waste so much gold and not be effected by it in the least. The most expensive item were ruby shades at 10k or so which are no longer available in game.


OrangeRocks:
This was formerly the banker that handled all of my orange colored rare gems and epic gems during wrath. They were originally created because leather and all of the other rare gems took up so much space that I'd have 200 mails for Stokpile and that would take far too much time to collect and post.


Dimmonae:
This cutsie belf rogue handles the glyph machine whenever it's up and running. I made them to level with a friend of mine who shortly after I made them stopped playing wow much. So rather than waste a character slot I turned them into my banker. Their entire bag and bank slots are filled with inscription bags and jam packed with glyphs at all times for the odd day I feel like selling glyphs.


The crafters


Shaeded:
Formerly my main and originally known as Daemonym. He was my first toon back in 2.4 of TBC and has been main specced tank ever since. I got burnt out of tanking in late wrath and have since regulated him down to being just another crafter. I do the bulk of my purchasing on him to keep track of how much I've spent and craft all of my gems and LW goodies on him. Before all of that first he had enggy for the t6 goggles and enchanting. Then I changed from enchanting to JC once I hit 80 and later on dropped enggy for LW.

LW was an odd profession for a plate class for a while but I chose it because, at the time, there was no stamina enchant or otherwise viable tank enchant for bracers. So I dropped enggy from him and power leveled LW just to get a little more stamina and this was back when I had to do dailys and farm for hours to afford anything. He has all of my mounts and achievements on him and I've spent a great deal of money on upgrading his gear to top levels when I was actively tanking with him.


Zurathustra:
My beloved read headed DK frosty girl. She enjoys long walks in the frozen wastes of Northrend and throwing ice cubes at gnomes. Her favorite color is sage green. I always loved playing this toon since I first made them and they have been DW frost since wrath was released. I always loved DW classes but never felt like leveling a rogue or being that squishy. The DK gave me survival, DW, and another pair of open professions. They started as BS/Mining and once BS was maxed I dropped mining for enchanting for the ring enchants. Little did I know it would be my favorite market.

This toon also doubles as my ench/bs banker as shuffling around all of those mats can be an absolute nightmare. So I rarely have more than 4 bag spots open on them even with two ench bags and 26 spot bags. They're dual specced as a tank just so I can get an easy que for heroics. With this toon, just like my paladin when he was my main, I spare no expense when it comes to gear.


PotatoeNinja:
My warrior that I made just to play with my girl. Through all of wrath I hated this toon and just couldn't stand warrior dps or tanking compared to every other class out there. They were quickly regulated to crafting and only have had the professions of inscription and xmute spec alchemist. They do quite well with transmutes and are slowly getting their scribble skills up from making forged documents. Though they're great fun to dps as now, I don't think I'll be playing them much anyway.

I have recently made this the toon that handles all of my meta, yellow, blue, and common gems on the AH. The main reason for this is because I was having to make 2-3 trips to the mail box with Stokpile so this has cut down my AH time even considering loading times.


RightHorn:
An old alchemist/herbalism DK that I created solely as an experiment in the flask market. They were elixir specced and if you've read this blog for long, you'll know that they didn't go anywhere with that. I have since deleted them to make room for other toons.


DeadFish:
The frost mage-ing dead girl. I did the bulk of my purchasing on this toon during wrath since teleport is just so OP. But since the entire army of the horde tends to hang around in Org these days that's not really necessary anymore. They handle my tailoring and vendor pet businesses with some occasional skinning after TB ends. I set their hearth to the Storm spire in out lands so I have easy access to the rare item vendors there and can easily portal to Dalaran for more of those pets when it's needed.


Tailis:
The enhancement shammy I made to run with a friend of mine at the end of wrath. I loved leveling this toon and never had an easier time doing it. With heals, damage shields, totems, oodles of burst nothing stood in my way for long. They handle all of the smelting and engineering markets and do a good job of it. If I were to have a second main, this would be the one.


AllyStokpile:
The disc priest from outerspace! This was the toon that I leveled and make all rich and purple from the ground up. It was my first side project and it was a blast! They started with enchanted boa gear and nothing else. This toon has no effect on my primary horde side markets as I just don't have the interest in cross faction trading. They started with inscription and herbalism since you have to farm in order to get some start up funding. I later dropped herbalism in favor of enchanting and farmed up all of the world drop enchant recipes that I could. In two months they were in full boe epics, epic gems, epic flying plus mount, top end enchants, and 50k in cold hard cash.


Lunchmuney:
The simple blondie banker that handles the business end of the goat's business. She also looks astoundingly like my girl IRL.



And that's my entire team of bankers and assembly line workers, I hope you found it at least a little bit interesting. It's always nice to take a short stroll down memory lane I think. It also helps to remind you of where you started at and why you're doing all of this in the first place. Like I always say, you need to have a reason that's more than just gold.


Thanks for stopping by!

Durations, cuts, and deposits


Today's entry is about three simple factors on the AH that most tend to overlook or outright ignore: deposit, AH cut, and duration.

Every time you go to post an auction you lose a few gold for the deposit as we all know. The amount of the deposit is based on two things, the vendor price of the item and the duration of the auction. Shamelessly stealing from wowwiki.com here's the math behind it on your faction owned AH. MSV is short for Merchant Sale Value.


Amount Received = Winning Bid - Cut + Deposit
(in Faction AH) = Winning Bid*(0.95) + Deposit

Deposit (12hr) = 15% of MSV
Deposit (24hr) = 30% of MSV
Deposit (48hr) = 60% of MSV


When you cancel an auction that has a bid in place, you will lose your deposit. You will also be charged a fee equal to the house cut of the current bid.

Cancellation Fee = Deposit + Cut



Ok lets get the obvious things out of the way first. The longer you post an auction for, the more it's going to cost as a deposit. When you sell an item your deposit is refunded, but if you cancel it or it expires that money is lost. For cheaper items like scrolls or glyphs you can safely ignore this as you can lose maybe a single gold coin by the end of the week at the worst.

The plus side to 48 hour auctions is fairly simple, you don't have to collect the mail or list more items nearly as often. And with the shorter durations you don't lose as much gold on unsold auctions but have to work the AH more often. Aside from those basic facts, there's a lot more to consider when deciding on a duration. Like I keep on rambling on about, you have to find your own balance.

But when you sell something like gems these deposits are a legitimate concern that you should pay attention to. It doesn't matter if they're raw or cut, common or rare or epic. On average you're looking at around 1g per gem so when you list 60 gems that's a noticeable amount that's thrown in the gutters. And if you do a cancel/post more than once in that day then that turns into 120g that you've lost. Granted that's if not one gem sells and you don't get the deposit back, but every item you list is a gamble. If it doesn't sell you lose money. Period.

If something has a high rate of sale like red intellect gems or nether bags, list several of them for 12-24 hour auctions. I always do at least 1 day auctions because I might not be around to relist when I get undercut or when they expire personally. For example, nether bags I list in sets of 8 and int gems (and a few others) I list 6 at once.

Most of my auctions I list in pairs for 24 hours since I do a cancel/post twice a day. For less common sales like assorted meta gems or leg armors, you don't want to list too many at once because that will siphon your profits pretty fast with lost deposits. There's countless items that you can sell on the AH and they all need their own special attention. However when there's a serious camper about I'll list for 48 hours to ensure that they can't make any more profit than what I set the price at unless I sell out of something.

With the deposit cost in mind I always add 15% to my threshold to ensure that I lose as little money as possible. I typically sell any given item after listing it three times so at worse I make my money back on the materials for whatever sells.

Because of all of this you need to find your personal balance. Think about what items tend to sell the fastest as in back to back sales. What items tend to sell out in a day? In a week? What only sells one or two per week? To find this balance you can closely relate it to your undercut values.


Thanks for stopping by!

Monday, March 14, 2011

Report: 3-15


Yes it's that time again. Today's the day of resets, updates, and weekly collections. Here's my weekly report of what I've been selling and in what markets. I also give a few notes on them with up to date market observations in addition to the weekly profit from everything combined. As always, numbers and bottom lines come first.


Previous week gold total: 1,090,000
Total sales: 242,000
Weekly profit: 126,000
Current gold total: 1,216,000




Profits from MySales:

Gems, LW, & misc:


Yellow, blue, meta, common gems:


Tailoring & vendor pets:


Enchanting & smithing:


Engineering & mining:




Another week and another round of 2 week sales experiments to cover. Read on! And at this rate I'll break 2 million gold in no time flat.

Detailed Recap:
--------------------
Ok just as last week I'll lead off with all of the new random enchants and crafted items I've been trying out and how
well they've done.

Enchant weapon - blood draining: Over two weeks I've sold only the one so I won't be having anymore of these made. As expected though it's counter part blade ward has been doing great. Removed.

Rare quality NR leg armors - I've only sold one of the dps versions and none of the tanking versions. I suppose there just isn't a market for these on my server. Removed.

Enchant weapon - Major Intellect: Yet another world drop from TBC that can be easily farmed off of these mobs. This one has been doing relatively well considering the small target market. So far I've sold two of them, one per week and that's good enough for me for an old enchant. Especially since it's only sold to people leveling I would assume. Standard inventory.

Enchant weapon - Soulfrost: By god one of these actually sold! I was honestly expecting this to be a loss but lo and behold one sold just a few days after I listed it for double the material costs. I'd keep this as standard inventory just for the heck of it if primal water was a bit easier to come by. Regardless I'll add it to the list but only craft it when I can.

Enchant gloves - superior agility: This is another twink enchant that drops from AQ but can also be gotten from the keepers of time at exalted. It takes 2 primal airs to make which is the down side, but the tup side is I've sold both of the scrolls I've made so far the night they were crafted. Standard inventory.

Pack of endless pockets: Yes this is the profession bag that I always recommend against crafting due to people leveling up LW and dumping them. But I decided to make a few with all of these people crafting DM cards. And to my surprise they sell and very well, in fact they usually fetch 180g on the AH. Regardless of the reason they make me some easy money and that makes me smile. Standard inventory.

Enchant gloves - Major spellpower: Yes this is yet another enchant from TBC that I'm trying out. And yes it is yet another that is selling well, don't ask me why I don't have the faintest idea. In any case, the semi hard part is finding the primal mana needed for it, but they're is such low demand and gotten so easily while questing in the netherstorm that the prices are usually cheap. Standard inventory.


On the JC front I've once again increased how many red gems I list. I'm now listing 8 int gems up from 6, these are almost impossible to keep around. On the flip side I've barely had any sales for green gems outside of puissant cuts. Along with the red int gems, any if the purple and orange caster cuts are also selling at a huge pace. One day this week I sold an entire stack of int gems in a single day. There is no reason to undercut by more than a gold or two for this market because they sell that incredibly fast. And on that note, here's something strange that my girl noticed the other day.

Somebody bought 3 of her raw meta gems from the AH for 230g each. Moments later that same person listed 3 agile cuts for 110g each. Ok so maybe they used those metas for something else? Wrong. They had no other meta cuts up before and the agile ones were the only thing they had up. Either I totally missed something or they totally failed at looking into a market before trying it out.

I've also been taking the time to gain rep with the horde expedition to get the recipe for the mechano hog. Overall the rep grind wasn't bad at all since I was able to do the NR heroics fairly quick since I have a heal button on my engineer. That and having a nifty arcane mage help me blow things up before I died was a nice boost. I was already halfway through revered from questing thanks to all of the other factions counting as rep for them. I've seen numerous people asking in trade for somebody to craft it and vial of the sands has been selling very well I've heard so I figured I'll give it a shot. If nothing else I'll have a passenger mount for my DK which will come in handy for AQ runs.

Since Org is sorta kinda right next to the neutral auction house (portal to Hyjal and then fly over) in Winterspring, or Ratchet if you don't avoid the barrens like the plague, I'm starting to try and sell the enchanted lantern mini pet on there. It's horde only so I should see a sale at some point.

I'm also doing damned good on collecting enchanting recipes. I only have these left:



Two of them are from ulduar and 4 are from AQ 40. The world drops are of course the problem, but I just wish I knew where the lowbie gathering enchants came from now. The raid drops will come eventually even if it's a year from now, but I really want to get the battle master recipe as I wouldn't be surprised if it sells.

I decided to pick up a chopper and vial of the sands for my DK chica for the practical uses. It makes it easy when me and my girl go to very obscure places and I'm reading on wowhead where we need to go. That was a nice 80k-ish sink into my profits which did hurt admittedly.

As a random note I've sold out of strength food and copper rods. And speaking of vendor sold stuff, on a tip from a commenter I decided to sell a few dust of disappearance. I got a few sales that same night which was pretty funny. Though I don't think I'll keep selling them because the deposit is rather high compared to the small profits you make. Totally good for some laughs though!

Towards the weekend I hopped into a raid for Uld 25 and bought the blood drain recipe for 10k. It dropped twice but didn't manage to get the blade warding one which is ironic because it's the one I mainly wanted. On alliance side I see the lesser block recipe up but for 35k, screw that.

Tailoring has been getting lower and lower along with vendor pets so I may just abandon those markets all together aside from dream cloth. All just so I don't have to bounce around toons so damned much every night, if load times weren't so bad this wouldn't be an issue.

As a closing note I've once again increased how many gems I list at a time, I mean damn I can't keep these things up! I sold 12 brilliant rubies in the time it took me to do a speed run of heroic SFK for god's sake and the same thing goes for any of the caster mixed color gems. I am now listing 3 of every gem (meta included) and 10 of every red color, up from 2 and 8 respectively and I also increased how many I keep on hand appropriately.


Thanks for stopping by!

Amigad I'm late!


Sorry all, no post today. Been so busy IRL with work and meetings and so on that I totally forgot to hit post today. I still have plenty written, but didn't want to have an entry up for just half a day as many would likely miss it. Check back tomorrow!



Thanks for stopping by!

Thursday, March 10, 2011

Things change after the cap


I'm not going anywhere! Just in case anybody was worried I was going to close up shop after hitting a million again rest assured I'm not going anywhere.

My motto as of late has mostly been about how gold is exponential. The more you have the more you get and so forth. However when you hit the big time, such as the 200k+ range, you'll see that a few things start to change.

Since hitting a million gold for the second time, I've noticed a handful of things that have changed in how I do business. They have all been seemingly minor things that I started doing and small tweaks to my method ever since that I've only started to realize consciously. I'm going to be covering the small changes I've made since hitting the gold cap that each have some serious implications for my empire of shiny. I'm also going to be talking about this so that if you're working the big time AH game you can be prepared to make a few of these changes yourself if necessary and work them to your personal needs.

First I'm going to give you a wrestling analogy here, strange I know but bear with me. Think of the classic "pin" where guy A is on his back and dude B is resting all of his weight on the guy A's chest. Guy A has to struggle a ton and expel a very large amount of energy to get out. Meanwhile dude B can just shift a little bit more weight onto guy A's chest and calmly relax and keep them held down. In the professional martial arts world if you were to take two fighters of equal skill, discipline and ability and pit them against each other, the one with the weight advantage will usually come out the victor. The same goes for the AH.

Think of this as your business being weighted against an entire empire of gold. If you don't have a ton of loose cash you can still compete, but you'll have to struggle and fight tooth and nail to get higher. And while you're doing that the person that has their fingers in every market can just sigh and lean down a little bit harder.

I've noticed myself doing this in almost every market, even enchanting. I used to shuffle my thresholds around every week or two to make damned sure that I was always making a profit, always in the black and trying to eek every last gold out of my wares as possible. Now that I've hit a million, I just don't care that much. Slowly and piece by piece I have lowered all of my thresholds down to what they'd sell for at 5% over the absolute lowest priced mats I can get. Meanwhile though I keep buying stuff at a rather normal price.

Why do this? Because if anybody wants to work their way into the market they're going to have to struggle like a son of a bitch to get a leg up. You can try and flip sure, but that won't change the fact that I can make 500 more in a moment or buy up everything that's up myself. I'm keeping all material prices at average price or above so that YOU have to pay high end prices and compete with lower cost scrolls.

This makes the market have a steep entry fee both in gold and in time and most people aren't willing to make that kind of investment. Can it still be done? Can somebody work their way into one of my favored markets when I don't care about making a profit? Sure you can, I did it myself with every market I am in now. But I sure as hell won't make it easy.


I've also split up my buying price into two different categories which also effects how much I stokpile. I have my "preferred" buying price and my "shit I'm almost out" price. Using borean leather for example, my preferable buying price is under 20g/stack but if I'm getting low I'll pay up to 50 a stack. This is because I just don't need the gold and I don't have anybody trying to get in on it so there's no need to go balls out buying everything I see. It also significantly cuts down on my purchasing time.


Also I've placed a much lower value on certain markets, primarily nether bags and glyphs. The time required just isn't worth it to me, be it automated or not, as I am not hardcore aiming for 2 million. I'll be there in a few months regardless, but if I worked both of them like I usually do I might get there a week or two sooner. It's not that important to me. That means that a lot of markets and niche markets get opened up to the rest of the server.

Prices will go back to changing wildly because I'm not there to control the flow of materials and crafted items anymore. This is both the good and the bad portions of having an unregulated economy. Imagine if I didn't want a single person to make gold without busting their ass for it? You know it can be done, but I'd likely get hit with the ban hammer if I even cared enough to do that let alone consider it.

With me knowing all of my markets inside and out, experimentation has become a lot more prevalent. If you've been reading my business reports over the last few weeks you'll notice that I've started trying out half a dozen new things to sell every week. It keeps things interesting and there's the constant joy of discovery. Even if I find out that a certain market is a dud, I never knew that before! I am still learning and improving myself (trying to anyways) even though I don't need the gold from a new market. I'm branching out even farther and deeper into sub markets just for the pure fun of it all. For love of the game.


Thanks for stopping by!